The herald., 1921-04-21
CHARTER OF CLERuox.
LAND IN ~. ~

~
mn" hundred and twenty. ou one h0se,
charles l;n~"n. notary nnbTe' oefSh
iur I.EI-h OF Orleans S,n, 10 al
lahH. IHIf commissioned and 90 I IN
therein residing: and In tho 1allA5t
thr Nt'u'>-'N herein NAMED pIestae
Srrlh'l PERSONALITY came and dha
several persons herein bsoelpppeate.
'he az" ". majority, who da',
th"N Desired 20 avail themsalrae AID b
of this stat" i'm such cases W Oh Tie
Nid"d. and that they do haraSue and
them ~riN--. their associates Sea'ta
SorS. corporation under tSa and 81,
SilpulrNou- following which ,tilFis
adopt ~ their charter, to.wi, "eI Aes
ARTICLE THE mama -:
TINS corporation shall be Clarmau ts
Land Co, Inc. and by its eorn OaI H'a,
m" ~did corporation shall bsva u
JOY al rights. powers ana ahi
granted hy law to cOrporations PnIls.
the power 20 have and eniov Heat
for the full term and period ~ ,s neess
'"'l years from the date bersoN1i.4 el
tract sue ana be sued: 10 mai . n
corporate seal and the same 10 t sa
alter az pleasure; to hold ,aa uni
chase, lease. sell and convey ~
mortgage. hypothecate and nlad..s s
ltN corporate name, any properly rs,,
S"H3l ana mixed, TO name and -
Nu'h managers, officers. and avs'sA
employ ""S. as the interest and cepss.
"i ,alu corporation may require. IA =
and establish such by-Iaws mi, " u
! management aud regulations az ~
| fairs Of said corporation as NAV (.
| necessary or proper, and the sam ~ Va,
! or change ar pleasure
ARTICLE 1.-The domicil4 NJ a.
| corporation shall be at New O,ls,,,
| the Parish Of Orleans, State Of Ionis
| and All citation and other legal ~
shall be served on its president n, i
case OF ms absence or DISABILITY h l
secretary-trraSur"r. and service Of M.
| may generally be made in the man..
vidcd by law. n
ARTICLE III.-The objects ana
poses for which the cOrporstion
! ganiZed. and the nature of ths h..
to be carried on by it are hereby a..
to be:
| To hold, own. purchase, or otherv,, i
Quire and to sell or otherwise diNos y
real estate in this city and state M =
the State Of Mississippi, or elsewhs. 4
build houses or other buildings a.
and TO sell, lease, or otherwise dispas j
the same: to develop the said nro,s-,
and to make such improvement CO.
as may be deemed advisable; 10 vUsN
hotels or other property in Come
with said property so acquired and =
orally to do all things in eonuectoD
the handling, development and dba.
of the real estate and other property
SO acquired; and to do any and All M
necessary in connection with and ibilt
tai to the foregoing objects and purruf
ARTICLE IV.-The authorized IN
. stock of this corporation is hereby \,
at the sum of twenty thousand ts9Mf
) dollars. divided into two HUNDRED 81
shares of the par value Of $1,000 per n (
which stock may be issued eitAs !
cash or for property acquired by thh 4
poratiOn: and the Board of Diren /
r this corporation is hereby vested viii 4
- power and authority to pass upM I
! value of said property and SERVES 81
! dered 10 the company.
= This corporation shall be a going "A
| ness when fifty 500 per cent Of he a
r tai stock has been subscribed. The q |
P | tai stock shall be paid for in the I'll
ner above provided as and when the B,s'
D of Directors shall deem proper.
The capital stock may be Increase 1
D fifty thousand (SJ0.000O0) dollars
r ARTICLE V.-The business and lffj
| of this corporation shall be managed v
! | Board of Directors, selected fr@ i
r ! stockholders of the corporation, d 4
? less than three or more than seven pgSs|
= as determined by the stockholders nj
{ time to time Should the stcckAesz|
% elect less than seven. the Board q
= rectOrs may at any time elect addn1
o directors up to the full number Al n
: cancies i'm the Board Of Directors N
e whatever cause arising, shall be hIH |.
the remaining directors and any diri
f may authorize any other director OF ssi
: holder to act as his proxy and repits1
4 him at any meeting Of the Board I
u rectOrs.
+ The officers Of the corporation sAia /
: 4 president. vice-president. sena
= treasurer, who shall be elected "
: Board of Directors, Immediately, On 4 q
@ as possible after their own eiea1L
: The annual meeting shall be hea
g first Monday in March OF each yea
: the first annual meeting shan % y.
the first Monday Of March ~
= which time the Board Of Directors ~
q ficers named in this charter shaa
Il Office. and until their successors a ~ ~ !
VI and nuaIifipd. The following shall 4
= stitute the first Board OF DirecisE. n
l.. II. DeBuys, State and FranSm y
- New Orleans. La: Lucas Z. MOOR
~ Building, New Orleans. La Jo,sI.
Rhodes. 3l6 Carondelet Street. ar
\ leans, La, with L. X. DeBuysas -
- Lucas +. Moore as yieepfesass
Joseph Lee Rhodes as secretary ' si'. \
20 Failure to hold the annual mes u.s,
. not invaIidate this charter, no, il 49,
a same. in any respect, but ths ~ sai 4
shall continue to hold once w, III
successors are elected and quslss A,
y The Board of Directors may aa'l. Z
- amend or repeal such bylaws -,
- BOARD may from time to ume va "a {
:. not Inconsistent with law, OF y, =,
~ charter. The. Board Of Direcles a.
I. any time name and appoint SUE I.
agents and employees as the "a u. \.
80 deem proper. and may prescrlos ~ 80
90 of all officers: and fix Their Conn., Conn.,
80 ARTICLE VI.-The act Oh INV 49,
~ NAV be amended. modified, o. ~" IA
- said corporation may be disson ,,a,.s :
~ consent of the stockholders n NV ~
re thirds of the capital stock Of h s,s w
os tion. at a general meeting OF 'n ~, b.
y. ers held for such purpose atm !
:: DAYS previous notice OF suen anSsselis
r. have been mailed to sueh s "SSrsss d
ad their last known postomce 'nsnimOss 4
n notice may be waived py
n. sent. -...lsoldsr 81
be held liable for any OF the oaerstsf
,e tracts or debts Of this corpv,ssss 4
no shall any infOrmality In tns 4 ~
"a corporation, have the enes' i q
GU ing this charter null Oh tahiti
y, ing any stockholder to any ~ M y
~ vond the unpaid balance que VA
" of stock owned by him. .x,. esrvsrf
n ARTICLE VIII.-When tnis an an b
at IL dissolved. or If for any rs .s,ir,
sol fairs shall he liquidated, iis Naulj
~ he Inundated by one or NOR srSrr
~ who shall be elected from ..ass.r 4
stockholders at genera sreh y1r
We stocEboiders convened for sneA hi
e said Ii1nidator or liquida,v, !, ~
pl- r lain in off;ce until the affairs sa,Dl
II! narration shall have been lur sufh
ne ana he or they, shall recen sosers
10 nsnsation and have such w pr'
go duties rs tbe stockholders mad 4
In case of the death or IA uqgdf
ability to act. of any 81 a,, sneh ys1,
al the stockholders shan h III hersis
IN ARTICLE IX.-The t,nncorvorshsl
IN annexed to this act OF ,,.aawi1ed "
OF accurate. detailed ana Uttered o
Ice ton of the property i ls .he yalue 7
CORPORATION. together Win pasrd d Z
or of as approved by the Bon Zen sgr.'
on tors. and the same mas .,srraphH
ra- the parties hereto ana pa
're Varietur" by me, Notary, ss sddrs's
RS, The names and postcmee .sstsns'
nj tho Subscribers. and the me- sseb Z
III the number of shares OF s.o e Is ~