The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-16
CHARTER.

sary and proper TO carry out tho -
objects and purposes. aotsss
ARTICLE IV-Thc capital s,oo,
corporation j. hereby fixed at ~
forty thousand $50 cocoon don. sun \
yided into and represented NV tnrs' a
bred t4OOD shares Of @ par yaInout b,
hundred (SlOOJ dollars each. and OF hI
paid for in cash, or in proDertr snal
vices. at such times aud in sncb W y
and manner as the board Of direc,oo.I0 0ls
determine and direct. 'Os IA
No stakeholder of this corporss,-
sell or dispose of his or her stoct ~. &c
first Offering the same for sale Niass
ing. ior period Of ten days to the ~. w
stockholders, through the board ~ We
tors of the company who shan =. oss
first option and right TO purchase fave l.
at the actual cash vale theraof u.
event of their failure TO eXerci,o " b
right under said option as hers. hs
vided, the stakeholder 20 offering IN h
for sale shall have the right n S s'4
of same in the open market. Thu kusps
directors is specially authorized t ~ q
the whole of said capital stock q, sss
part thereof. in exchange for roo, u
of not less than the reasonabla al estC
the stock issued therefor. Hue
Inc capital sto'h OF TINS cOrnn,..
may be increased TO the sum OF sss'1
five thousand $50, OOOl dollars in ~ 'eae
ner as provided for by law. V NJ
ARTICLE V-The corporate n0
this company and the fun manags,0.un.
its business and affairs shall he e ra.sit I
and exercised by board OF S,,'aH
composed Of five stockholders. esss
whom shall own In his own right az
paid and unplcdg"d share of tho 'o W
stock: a majority of which said d,,slS
shall constitute a quorum for tho ~
action of all business. u'.1
Election for directors by the a,
holders shall br held annually on w
second Monday in September al the
ellie of the company. under the snSs.-
sion of two commits siOnerS TO he snp.s I
ed by the president. after notice XIV
to be delivered personally or by ds,.1
ing in the post office, properly add,s.s
to each stakeholder, ut beast fifteen ~
before such meeting in' accordance ~
other provisions of the law. y
All elections shall be by ballot an,
majOrity of the votes east shall cleo, ~
each share of stock shall be entitI.S |.
one vote. either 10y proxy or in nerso,
Each board of directors shall. at its I.
meeting after its election elect frau \
number Il president. a vice president a..
secretary treasurer who Shall hols )
flee until their successors shall have i.
duly elected. The board shall have NAN
in its discretion TO unite two or mor. :
fees. and the same to confer upon !.
person.
The said board shall also have a,
power and authority to borrow mos,
and through the president, or some al.
duly authorized agent or agents. "a =
ecute mortgages, issue bonds. note,
other obligations in such amount and .
such terms as in their judgment NAV
advantageous, and generally to ID !
things necessary for the proper carryi,
on of the business of said corporatiOl
Any vacancy occurring in said board ,
directors shall be filled by the remaiph
| directors for the unexpired term.
The first board of directors shall copS
of: Mrs. Charlotte Bolio Martinez \,
| dence No. 1898 y. Claiborne street, N.
Orleans, La. Mrs. Angelina Martinez y
Nally, residence No. lS0S n. ClaibOu
street. New Orleans, La, Joseph P. M
tinez. Jr., residence No. 1912 Anna
street. New Orleans, La, William
, Wenck. residence No. IT'S First srv
and Collin Z. Mcneil, residence No. i
Broadway street, with the said JOSEPH
MARTINEZ, Jr.. as president; Collin T. n
Neil. as vice president; and William
Wenck, as secretary treasurer, who d.
hold office until the second Monday
September, 1923. or until their success
shall have been duly elected and qua
fed.
ARTICLE vI-The charter Of this q
poratiOn may be amended at a meeting
the stockholders called for that purpa
by vote of twO-thirds Of all its SOD
but change of objects and purposes
| fixed herein shall not be made without
I n q llama
nor shall any Increase in the capt
stock in excess Of the amount named
! made without three-fourths vote Of |
of it's outstanding stock.
In the event of a dissolution Of the cha
ter of the same shall be made by d
method and manner as provided BY Law,
ARTICLE VINO stockholder Of d
corporation shall ever be held liabk
responsible for the contracts or fault
this corporation in any further sum Ii
the unpaid balance due on the shafa
stock owned by him, nor shall any Nd
infOrmality In organization have the VI
of rendering this charter null or Of q
posing any stakeholder to any liabhi
beyond the unpaid balance due on l
stock.
ARTICLE vIIILThe subscribers Be-
to have written opposite their names
amount of stock in this corporation q
scribed for by each of them, so that u
act of Incorporation shall also serve 2
original subscription list Of said corp'n
ton.
Thus done and passed in my not,'
office, in the City of New Orleans atm
said, in the presence of Andrew II. Bri,
and Edgar Gould. competent witnesses
lawful age and residing in this city y
hereuntO subscribe their names togsn
with hessaid parties. and me. notary,
the day and date set forth In the capnA
hereof.
ORIGINAL SIGNED):
MRS. c. Il. MARTINEZ, ct a.
Witnesses: Andrew ii. Bunin,
Gould.
W. A. wENck
Notary Pub5
/. the undersigned Recorder Of No
cages. in and for the Parish Of 0re,
State of Louisiana, do hereby certify y
the above and foregoing act Of ns
poration Of the Jose Land COmpany, Z
corporated, was this day duly reco'r
in my office In book 1868, folio =.
New Orleans, La, February LIST. "
(Signed): ROBT. SCOT
Deputy ReeorH
A true copy:
w. A. WENch
Notary PuSs
Feb. 9-Mch. 10th.