The herald., 1921-04-14
CHAkIEK OF CLERNoxr
LAND co. Ixc nARbO,

i'ND CO., INC.
! hIj'G N'","~ of America Sta.
iSldha. l''l-h of Orleans, Civ 'Sse q In
avs. .aJ"H. That ov VI New q
u"H ~ -''.i' .'' d. the year one ms y,
nm, nm il'.'.i'd '"d twenty-one. htasOOssl
,I ",' - notary public. IN ye' ~. 4
~, "i'E- Oh orleans. State ., a1d %
therein residing: and i'm tboq uaihed ~
the witnesses herein uamaJ presents
scFlh"d personally came ana and M !
several persons herein csa3Pppeared h. 4
the axe OF majority. who dnled al 4
theN desired Co.. avail themselvaee lsfed nS
of this stat" lu such eases Ne Nc Oi The A.,
Nldcd, and that they do heraSuue and On,
themselves. their associates sonstin,
sorS, a corporation under the n.a, sOoss /
S,IIPui'liou, i'lI9Wing which tbsy = al
duoPI a. 'L'iT charter, tO-wit. aefsl
Az II ~ The name ana .,
this corporation shall be Cls, nnu Ute q
Land Co, Inc. and by its cnrront HatbS +
the said corporation shall hpOrate nan, /
JOY all rights. powers and ana q
granted by law 10 corporations PprrEiess (
the power 10 have and enjov ncladag
for the fun term and period n; ,ssuccessM (
(J9J years from the date beranusinn e1g'hias '
tract sue and he sued: To msSa' Co.
corporal" seal aud the sama &c ana u
alter M pleasure: to hold ~, ofesk
chase Iea>r, sell and convey az " pc
mortgage. hypOthccate and Mad, Neu
Us corporal" name, any property real r0s
SohIi ahu mixed, 10 name and 49, ~
Su'h managers, officers, and agsr.PpPvG
of said corporation may reoni,a. ,,enlehS
and establish such bylaws rnlss NAB
management and regulations ~ t ~ u
fairs of said corporation as NAV he e
necessary or proper. and the same "a u.
or change at pleasure ais
ARTICLE 1.-THE domicIle NJ -.
corporation shall be at New 0,,s ae NY
the Parish of Orleans. State OF Ioni.sS Z
ana all citation and other legal NJ
shall he served on its president go
case of his absence or disabiltr @ss
secTetary-treaSurc and service az nv.
may generally be made in the MANN, 49,
vided by law. '"
ARTICLE III.-The objects and -.
poses for which the corporation 4 ~
EanlZed. ana the nature of the busi,s-
to be carried on by 1t are hereby deels,I
to be: ''a
TO hold, own. purchase. or otberxi,.
quire and TO sell or otherwise disnoss =
real estate in this city and state ana
the State of Mississippi. or ELSEWHERE,
build houses or other buildings ths,ss
and 10 sell, lease. or otherwise disnoss !,
the same; to develop the said prons-s
and to make such improvement tbs,s..
as may be deemed advisable: 10 ops,,,
hotels or other property in connet~
with said property so acquired and "a
orally to do all things in connection n,
the handling, development. and disnas-
of the real estate and other properly N
so acquired; and to do any and an tksn
necessary in connection with and inridss
tai to the foregoing objects and purpOss
ARTICLE IN.-The authorized espe,
stock of this corporation is hereby IN
at the sum of twenty thousand (s20M1
dollars, divided into two hundred ~
shares of the par value of $4,000 Der sh,r
which stock may be issued either \,
cash or for property acquired by this en-
pOratiOn; and the Board of Directors 4
this corporation is hereby vested with nj
power and authority to pass upon h
value of said property and services M
dered to the company.
This corporation shall be going bud
ness when fifty (J0) per cent Of the eapL
tai stock has been subscribed. The eaRL
tai stock shall be paid for in the MAJ
ner above provided as and when the Boat
| of Directors shall deem proper.
The capital stock may be increased b
fifty thousand (S50,00000) dollars
ARTICLE V.-The business and aHaln
of this corporation shall be managed bT )
Board of Directors, selected from IN
stockholders of the corporation, Of not
as determined by the stockholders ffVs
time to time. Should the steckhodsfs
elect less than seven. the Board Of d.
rectOrs may at any time elect additional
directors up to the full number. All n
cancies in the Board of Directors ffon
whatever cause arising. shall be filed By
the remaining directors and any dreti9
may authorize any other director or siees.
holder to act as his proxy and represent
him at any meeting of the Board Of d.
rectors.
The officers of the corporation shall BE-
A president, a yice-president, secretsfI'
treasurer. who shall be elected By he
Board of Directors, Immediately, or as seoa
| as possible after their own election.
The annual meeting shall be held on m
| first Monday in March Of each yeaf, ni
| the first annual meeting shall be held q
| the first Monday of March 1872, UNI
! which time the Board of Directors ana q.
| ficers named in this charter shall hei
| Office, and until their successors are eirciei
and qualified. The following SHAH coz
stituts the first Board of Directors: =.
| l.. II. DeBuys. State and Franklin Ss'
| New Orleans, La; Lucas L. Moore, VIZ
! Building, New Orleans, La; Joseph v
Rhodes. 316 Carondelet Street, New "
| leans. La. with L. X. DeBuys as presasn,,
| Lucas Z. Moore as yice-presidehl =.
| Joseph Lee Rhodes as secretary -trea'alSs
Failure to hold the annual meeting ~.
| not invaldate this charter, nor impair -
| same, in any respect, but the allt ~,
| shall continue to hold Office until un'
| successors are elected and qualineo.
| The Board of Directors may ADOPT ~ ~
amend or repeal such by-hws 49,.
| Board may from time TO time oe ,,a M
not inconsistent with law, or VIE ~
| charter. The Board Of Directors mp
| any time name and appoint such vI. y,
| agents and employees as the boale ~. -.
deem proper. and may prescribe inc w.
| of all officers: and fix their compensas..,
ARTICLE VI.-The act OF incolpe'ss',g,
| may be amended. modified, or ahsl la n
| said corporation may be dissoi'eu, wy, -,
| consent of the stockholders hoioihs ~
thirds of the capital stock OF the cg af.s
ton. at a general meeting OF the ss"essss a.,
| ers held for such purpose, alls. HI
| days previous notice of such mesu ~ :
have been mailed to such steeknv IN
their last known pOstotfice aads address Il,
notice may be waived by uhahi'"'.
sent. -. .hsl
ARTICLE Vino stockholdei sn's y, ,
held liable for any of the obiigaug,as n
tracts or debts of this c0rporasloa y 4.
shall any informally in the mose ,ssa1l
corporation, have the eject ssDsl
ing this charter null or ~ s,,,,r
| ing any stakeholder to any nhp ~ shsrs
yond the unpaid balance due on 'ne
| of stock owned by him. .,or,iis
ARTICLE VIII.-When tais co.F,, ~ 4
is dissolved. or if for any reasvt shs
fairs shall be liquidated, its-an nhnla,astsr
be liquidated by one or more ~ u
who shall be elected from an avs Al d
| stockholders at a general meeuns ,nrpos
stockholders convened for sucn PsnIs
Said liquidator or liquidators s ,ss ~
main in Office until the ahalrs VI .arsrad
poratiOn shall have been fuily ,ses eor
ard he. or they. shall receive ars 40
pensation and have such nrosia
duties as the stockholders may oa a. )
In case of the death or resigna,.,, S",sstor
ability to act. of any OF sara stsesnfis
the stockholders shall I'LL sncn ,s,s hsl
ARTICLE IX.-The parties n sIe
annexed to this act Of incorpyS' "Sescnl
accurate. detailed and temILeud "a ID
tion of the property transler rsIus tbsr
corporation, together with the VAN Iirs
of as approved by the Board Ind
| tore anJ tba cama has been ~ n