The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
CHARTER.

>ary and proper to carry out the afo,.----
objects and purposes. esah
ARTICLE IV-Thc capital ,rock -,
corporation il hereby fixed at tho a. - sad
forty thousand tSip Utu.urI dolI,-"um Of
vided into ana represented Lv fon, u
drrd (4uOl shares If par value sHuh'
hundred (S10OJ dollars each. and sSop09Hs
paid for in cash. or in property nr De
vices. at such times and In Sucb an Ser
determine and direct.
No stakeholder of this corporotio,
sell or dispose Of his oT her stock yri,isl
first Offering the same for sale In suoW
ing. for a period of ten days to the o, att
| stockholders. through the board Of Si Iaef
tors of the company. who shall bava
first option and right - purchase the N. Ae
at the actual cash vale thereof 4, AIe
event of their failure o. exercise ue
| right under said option as herein rnef
vided. the stakeholder 50 Offering bis si pro
for sale shall have the right TO ;s.Ock
of same in the open market. The bos,pgO se
directors is specially authorized 10 NV
| the whole of said capital stock. n, sue
! part thereof. in exchange for real a,sy
| of not less than the reasonable yaITa
the stock issued therefor.
! The capital stock Of this corno,.,,.
may he increased to thu sum of seysn. oa
| five thousand ($15.OOO' dollars in the NJ!
ner as provided for by law. ~Sa'
ARTICLE V-The corporate powo,,
! this company and the fun manayemsn,
its business and affairs shall be vested ~
| and exercised by a board of diracto.i
| composed of tiye stockholders each :,
| whom shall own in his own right ono e.. W
paid and unplrdged share of the csn isI
stock; majority of which said drectosa
| shall constitute a quorum for the trsn.
| action of all business.
| Election for directors by the s,ool
holders shall be held annually on =,
| second Monday in September at the doni
ellie of the company, under the super,i
| sion of two commits siOnerS TO be Annals.
| ed by the president, after notice theraot
| to be delivered personally or by danosi,
/ ing in the post Office. properly address,
to each stakeholder. at least fifteen dsv.
| before such meeting in accordance wiz
| other provisions of the law.
All elections shall lie by ballot and
ma jOrity of the votes cast shall elect ana
| each share of stock shall be entitled "a
one vote. either by proxy or in person
| Each board of directors shall at its 6,s,
meeting after its election elect from n,
! number a president, a Vice-president ana
| a secretary treasurer: who shall hold AZ
flee until their successors shall have besn
duly elected. The board shall have now,
| in its discretion to unite two or more a.
fees. and the same to confer upcn one
person.
The said board shall also have mn
| power and authority to borrow money
and through the president or some otbe,
duly authorized agent or agents to eI.
| ecute mortgages, issue bonds notas A.,
other obligations in such amount and on
such terms as in their judgment may BE-
advantageous, and generally to do an
things necessary for the proper CARRYING
on of the business of said corporation.
Any vacancy occurring in said board Of
directors shall be filled by the remaining
directors for the uneNpired term.
The first board of directors shall consist
of: Mrs. Charlotte BoliO Martinez, resi-.
dence No. 1898 y. Claiborne street, New
orleans, La. Mrs. Angelina Martinez Nc.
street. New Orleans, La, Joseph P. Mar.
fnez, Jr., residence No. 1912 Annette
street. New Orleans. La. William A
Wenck. residence No. Ills First street.
and Collin f. Mcneil, residence No. $50
, Broadway street, with the said Joseph p
Martinez, Jr. as president; Collin E. Nc.
Neil. as yice-president; and William A.
Wenck, as secretary-treasurer, who shall
hold office until the second Monday Of
September, 1928. or until their successors
shall have been duly elected and quail.
fed.
ARTICLE VI-The charter of this cor.
poration may be amended at a meeting Of
, the stockholders called for that purpose
by vote of two-thirds Of all its stock;
but a change of objects and purposes as
| HAeu HeTtlH snail not De Hldue WITHOUT
vote of all the stock Heretofore issued
, nor shall any increase in the capital
stock in excess of the amount named b
, made without three-fourths vote Of al
! of its outstanding stock.
In the event of a dissolution Of the char.
ter of the same shall be made by ths
I method and manner as provided by Law.
ARTICLE Vino stockholder Of thl
, corporation shall ever be held liable OF
|. responsible for the contracts or faults 81
THIS corporation in any further sum than
the unpaid balance due on the shares o
stock owned by him, nor shall any NET
, infOrmality in organization have the effect
of rendering this charter null or OF e.
posing any stakeholder to any liability
beyond the unpaid balance due on BIZ
stock.
L ARTICLE yIII-The subscribers here
to have written opposite their names tn
amount of stock in this corporation sub
: scribed for by each of them, So that thi
act of incorporation shall also save as III
I original subscription list Of said corpora
: ton.
Thus done and passed in my notarii
: office, in the City of New Orleans afore
q said. in the presence Of Andrew II. Bunil
and Edgar Gould. competent witnesses
lawful age and residing In this eitI sn
hereunto subscribe their names togethe
, with the said parties, and me, notary, o.
the day and date set forth in the capto
hereof.
, ORIGINAL SIGNED:
MRS. c. b. MARTINEZ. ct ais
Witnesses: Andrew H. Bunif. Z. 9
|, Gould.
l. w. A. wENCK.
Notary Pubit
s, /, the undersigned Recorder Of Mort
n cages, in and for the Parish OF Orleans
lie State of Louisiana, do hereby certify tina
d the above and foregoing act OF incel
<. poration of the Jose Land Company, ID
If corporated. was this day duly RECORDS
l. in my office in book 1888 folio -.
s. New Orleans, La, February LIST. "
d (Signed): ROBT. SCOIi,
d Deputy Records
re w. A. wENCK,
v, Notary Puohi
IF Feb. 9-Mch 10Th.
ID