The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09

State of Louisiana, Parish of Orleans,
City of New Orleans, Be II known that on
this thirty-frst day of January, in the
year one thousand, nine hundNed and
TWENTY-FIVE before me- William A. Wenck,
notary public in and for the Parish of
Orleans, State of Louisiana, duly COM
missioned and qualified. and in the pres
ence of the witnesses hereinafter named
and undersigned: personally came and
appeared the persons whose names are
hereto subscribed, all above the full age
of majority and residents of this city:
who declared. that availing themselves OF
the provisions of the Constitution and
laws of this State relative to the forma-
ton of corporations: they do by these
presents form themselves as well as their
associates and successors, into and con-
stitute a stock corporation and body poll
tic in law, for the purposes and objects
and under the stipulations as hereinafter
set forth. which they hereby adopt as
their charter. tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be the Jose Land Com
pany, Incorporated, and under its said
corporate name il shall have power and
authority to have and enjoy succession
for the term of ninety-nine (99) years
from and after the date hereof to con-
tract. sue and be sued, to make and use
corporate seal, and the same to break and
alter at pleasure, TO purchase, receive,
lease, hold and convey, as well as mort
gage and hypothecate, under its corporate
name and appoint such managers and di-
rectors, officers and agents as the in
terest and convenience of said corporation
may require, and to make and establish,
as well as alter and amend at pleasure.
such bylaws, rules and regulations for
the proper management and regulation
of the AFFAIRS of said corporation as may
be necessary and proper.
ARTICLE 1.-THE domicile of said cor
pOration shall be at New Orleans. State
of Louisiana, and all citation or other le-
gal process shall be served upon the presi-
dent of said corporation, or In case of his
absence upon the vice-president or, in the
absence of both of these officers, upon the
secretary of the corporation.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished. and the nature of the business
to be carried on by 1t, are hereby de
clared and specified to be: To buy, sell
lease, hold, reclaim, develop, improve, build
upon, irrigate and cultivate lands and
real property of all kinds; to buy, sell
erect or lease houses and lands for dwell
poses. To buy, sell, hold and otherwise
acquire and ALLEVIATE stocks and bonds
provided that said corporation shall not
engage in the business of stock jobbing
and shall be without the power of emf
nent domain, and to do any and all such
acts and things as may or shall be neces-
sary and proper to carry out the aforesaid
objects and purposes.
ARTICLE IV-The capital stock OF said
corporation is hereby fixed at the sum OF
forty thousand (S40,OO0.0O) dollars, di
vided into and represented by four hun.
bred (40O) shares of a par value of one
hundred ($10OD dollars each, and shall b'
paid for in cash, or in property or ser
vices, at such times and in such amounts
and manner as the board of directors may
determine and direct.
No stakeholder of this corporation shall
sell or dispose of his or her stock without
first Offering the same for sale, in writ
ing, for a period of ten days to the othel
stockholders, through the board of direc
tors of the company, who shall have tn,
first option and right to purchase the same
at the actual cash vale thereof. in tn,
event of their failure to exercise thei
right under said option as herein pro
vided. the stakeholder so offering his stool
| for sale shall have the right to dispos'
of same in the open market. The board o
| directors is specially authorized to issu,
the whole of said capital stock, or an,
part thereof, in exchange for real estat
| of not less than the reasonable value o
the stock issued therefor.
The capital stock of this corporation
may be increased to the sum of seventy
| five thousand ($75,0OO) dollars in the man
| ner as provided for by law.
| ARTICLE V-The corporate powers o
| this company and the full management o
it's business and affairs shall be vested II
and exercised by board of director
composed of five stockholders, each o