The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-09
CHARTER.

sary and proper to carry out the -
objects and purposes. o'0'esait
ARTICLE Iy-The capital s,oot
corporation Is hereby fixed AT tba Vi said
forty thousand tSiOODOOO, ali sun q
vided into and represented by fon d.
dred (iOO) shares Of a par yalua eaA.
hundred $1,000 dollars each. and VI one
paid for in cash, or in prOpertv uan b
vices, AT such times and in such .o vi Ser
and manner as the board of directa.' uns
determine and direct. NAY
No stakeholder Of this corporat,o.
sell or dispose of his or her stock ssAail
first Offering the same for sale A. ithont
ing, for period of ten days To tha wnt.
stockholders, through the board ~ Svnef
tors of the company, who SHAH ufec.
first option and right 10 purchase tbn he
at the actual cash vale thereof sane
event of their failure 60 eyprciso !" lie
right under said option as herein 1eif
yided. the stakeholder so Offering hi po-
for sale shall have the right IN ,sIoa
Of same in the open market. The hoaspOse
directors is specially authorized ~
the whole of said capital stock n, ISSUE
part thereof. in exchange for real any
Of not less than the reasonable ys,u"ls
the stock issued therefor.
The capital stock OF this corno..,
may be increased % tine sum of sorsNioa
five thousand (SI5.OuUl dollars in tSa enty'
ner as provided for by law. ~aa
ARTICLE V-The eoruorate nou..
this company and the fun manapsmoU.
its business and affairs shall be ves,as
and exercised by board of Sir"Na.
composed Of five stockholders aack
whom shall own in his own right on ~
paid and unplcdged share of the 'n III. Iut
stock a majority of which said d,,Sn.VN
shall constitute quorum for the t,sSu
action of all business. "ans'
Election for directors by the O.,
holders shall br held annually On SUIT
second Monday in September at tho ao ne
cile of the company. under the suns.ai
sion OF two commissioners to be appon,
ed by the president. after notice fbs,a..s
to be delivered personally or bv dannsS.-
ing in the post Office. properly adJr.ssaA,
to each stakeholder, at least fifteen az AZ
before such meeting in accordance wt,s
other provisions of the law. WIN
All elections shall be by ballot and
majority of the votes east shall elect 40
each share of stock shall be eDtitIss y
one vote. either by proxy or in perso,
Each board Of directors shall, at its e.,
| meeting after its election elect from a.
number president, a vice president 80
a secretary treasurer: who Shall bols ~
| flee until their successors shall have vi VI
duly elected. The board shall have psvs.
| in its discretion to unite two or mora a.
| fees, and the same to confer upon ons
person. 'A'
The said board shall also have mn
power and authority TO borrow monsT
and through the president, or some otSs,
| duly authorized agent or agents. 10 ~.
ecute mortgages, issue bonds, notes a,
other obligations in such amount and a.
such terms as in their judgment NAV Ia
| advantageous, and generally to do an
things necessary for the proper CARVING
on of the business of said corporation
| Any vacancy occurring in said board o,
| directors shall be filled by the remaining
directors for the unexpired term.
The first board Of directors shall consist
| of: Mrs. Charlotte Bolio Martinez, rad.
dence No. 1898 n. Claiborne street, New
Orleans, La, Mrs. Angelina Martinez NJ.
Nally, residence No. 1908 n. Ciaiborr.
street. New Orleans, La, Joseph P. Mar.
tineZ, Jr., residence No. 1912 Annett,
street, New Orleans, La. William A
Wenck, residence No. Ills First strest
and Collin Z. Mcneil, residence No. 70
Broadway street, with the said Joseph p
Martinez, Jr., as president; Collin T. Nc.
Neil, as vice-president; and William A
| Wenck, as secretary treasurer, who shall
hold office until the second Monday d
September, 1923. or until their successor,
shall have been duly elected and quail
fed.
ARTICLE VI-The charter of this col,
poration may be amended at a meeting d
| tue Cdlieu IOr Indt purp0S
by a vote of two-thirds of all Its stock
but a change of objects and purposes q,
fixed herein shall not be made without
vote of all the stock heretofore issued
nor shall any Increase in the captz
stock in excess of the amount named b,
made without three-fourths vote Of a
of it's outstanding stock.
In the event of a dissolution Of the char
ter of the same shall be made by III
method and manner as provided by law
| ARTICLE vino stockholder Of thi
corporation shall ever be held liable 81
responsible for the contracts or faults o.
this corporation in any further sum thai
the unpaid balance due on the shares d
stock owned by him, nor shall any meu
informally IN organization have the efec
of rendering this charter null or OF ex
posing any stakeholder to any labiltl
beyond the unpaid balance due on hi
stock.
ARTICLE vIII-The subscribers here
to have written opposite their names ID
amount of stock in this corporation sub
scribed for by each of them, so that TIL
act of incorporation shall also serve as u
original subscription list of said corpora
ton.
office, in the City OF New Orleans afore
said, in the presence of Andrew e. Bun
and Edgar Gould, competent witnesses
lawful age and residing In this city, WI
hereunto subscribe their names togethe
with the said parties, and me. notary. o
the day and date set forth in the capue
hereof.
ORIGINAL SIGNED):
!. MRS. C. b. MARTINEZ, ct ais.
Witnesses: Andrew II. Bunih, Il.
Gould.
W. A. WENCk.
Notary Publ
I, the undersigned Recorder Of Nor
cages, in and for the Parish OF Ofleah
, State of Louisiana, do hereby certify M
the above and foregoing act Of incc
poration Of the Jose Land Company, II
; corporated, was this day duly recofas
in my office in book 1888 folio -.
New Orleans, La, February Isl, w
, (Signed): ROBT. SCoIi.
Deputy Records
W. A. wENcK..
Notary Publ
; Feb. 9-Mch. 18th.