The herald., 1911-08-31

crease the value of the property at any
time held by the corporation; 10 issue
bonds and TO secure the same by pledges
or deed of trust or mortgage upon the
whole or any part CT the property held by
the corporation, and TO sell or pledge such
| bonds for proper corporate purposes, as
and when the board of directors shall de
| termne, and In the promotion of its said
| corporate business, to lease, purchase, hold,
sell. assign, mortgage and convey real ana
personal property within and without the
| State of Louisiana and in any part OF the
world; to construct. execute, carry out,
| equip, improve, work, develop, administer,
! manage or control in the State OF Loulsl-
| ana and elsewhere public works, improve
ments and conyeniences of all kinds, in
| GLIDING railways whether propelled by
steam, electricity, horse or other powerI
water, gas, electric works, terminals,
! bridges, viaducts, canals, hotels, piers,
wharves and any and like works Of inter
nal improvement, including sewerage, drain
age, sanitary, water, gas, electric nights,
telephone, Geographic and power supply
work, warehouses, markets, schools and ed
ucatiOnal institutions and all other works
or conveniences OF public utility; to apply,
purchase or otherwise acquire any con-
tracts, DEGREES and concessions for, or in
relation to the construction, execution, car
rying out, equipment, management, admin
lstratiOn or control OF any works and con
yeniences pubic or private, and to under
take, execute, carry out and dispose OF
or otherwise turn TO account, the same; to
do all and everything necessary, suitable
or proper for the accomplishment of any
Of the purposes and attachments Of any of
the objects hereinOefOre enumerated, or
which shall at any time appear for the
benefit Of the corporation capable or being
conveniently carried on in connection with
the above or calculate directly or Indirect
ly to enhance the value OF, or render profit
able any OF the corporations property or
rights. Also to build and operate sawmills,
planning mills. and any kind Of woodwork,
ing plants for the manufacture Of all and
any kind OF woods into merchantable prod
ucts; TO construct tramrOsds, railroads,
and operate same, and to construct dirt
roads and other things necessary for the
conduct of general milling and manufca-
turing business; for the manufacturing of
lumber, laths, shingles, sash, doors, blinds,
and wood into turned work and opher mer-
charitable products, and to buy and sell
general merchandise Of all kinds and TO con-
duct the general merchandise business.
The corporation may conduct its business
in all its branches, and have ne or more
In any or all of the several States and Ter
ritories of the United States OF America,
and in the District Of Columbia, and In
any, or all of the foreign countries, and
to hold, purchase, mortgage, convey, real
and personal property in said State and
ARTICLE ".
The capital stock OF this corporation
shall be an IS hereby fixed at ten million
by one hundred thousand (1OO,-
OOOl shares OF the par value of one hun
dred dollars (s100.00) each, of which
eighty thousand shares shall be preferred
Sevent "a per cent STOCK and
twenty thousand shares shall be common
stock, which shall be paid for in cash in
such manner, at such times and in such |
amounts as the board of directors may de-
termine, or the same may be issued at not !
less than par for services actually rendered.
DR. property actually transferred to the cor .
poration, such stock, when issued, shall be I
full paid and worcestershire. Transfers of {
stock VIII not be recognized unless made :
upon the books of the corporation by the
owner or his duly authorized agent, and all
certificates Of stock shall be signed by such
officers as may be designated by the board I
II directors. q
Said corporation shall commence business t
md become going concern SO soon as S
hall have been subscribed for.
ARTICLE V.
All the corporate powers Of this corpora n
lon shall be vested in and the management b
nd control of its affairs shall be exercised /
"a board OF hye directors, composed Of b
onstitute quorum for the transaction q
{ all business. The directors shall be
lected annually by ballot by the stockhold- A
rs, on the second Tuesday Of January of a
ach year. Each stakeholder shall be en- n
tiled TO one vote for each share of stock 81
ED and owned by him, either in person ii
Dy proxy. All elections shall be held st
lter ten days prior notice by mail shall Sc
ave Deen sent to each stakeholder at his ia
st known address. Failure to elect direc- 70
,rs on the date specified shall not act OF
forfeiture OF this charter, but the d. sh
,ctors then In office shall act until their ST
lceessors shall have been duly elected and fo
laIlned Any vacancy occurring on said ca
'ard from any cause shall be filed by ii,
rm. LUZ the une1pired m
Immediately upon the signing of This ii,
larteT the stockholders shall meet and Or
ect nve directors who shall serve until an
e election of their successors 10 no held Spp
herein provided. M
Said board Of directors, and all succeed no
So : oS S' shal, at their first meeting, du
esldent and secretary. The directors mr.
TINS corporation shall have the right in
. appoint and dismiss such clerks, man din
ers and other employees of the CORPORA mo-
pa as conditions may justify or the bust tin
IS OF the corporation require The tenure Gle
o1fice OF all employees of the cornora. wf
~ sn "a be during the pleasure Of the gu
al nave the right to appoint BY written dir
strument another director or sfockboIdar al al
! aet :, as his proxy and In his stead at any RI.
all meetings OF the board of directors.
ARTICLE vi.
a rnIs a %sd,S Of Incorporation may be tar
dAttIcu, or THIS cor flee
rstion may be dissolved, with the assent nre
three-fourths Of the capital stock nres. ppa1
:, OF represented, at a general meeting Iai
the stockholders convened for that mr. tra
'e after ten days prior notice Of snnb w W.
eting snail have been given by nnhIica-
In one OF the daily newspapers thrae on
les during said ten days t the
ARTICLE VII. sSo
y nenever this corporation "a dissolved &C. &C.
ler py limitation OF its charter. or from me- me-
other cause, Its affairs shall he lioni- hao
Gu py three commissioners to be electad 'ee
"a among the stockholders. at a generail
stlng or the stockholders convened for
purpose, after thirty days' nrior no. \
o, said meeting shall have been eivenI or
puollcation In one Of the daily news Jah
s srs puDiished In this citv once a week Of
ing Sald thirty days. Said commission~ Scr,
shaIl remain In office until the affairs bar
Iuated- In case Oh the death az aithar nh
SAID corporation shall have been fnily 80
SAD .said commissioners, the survivors shall
tinue to act. snaii
ARTICLE VIII. n
Q stockholder Of this corporation shall m nmu =
, De held liable or responsible for the con hni,
Is or faults thereof, In any further snm of !,
the unpaid balance due to the cornora H. =
on the shares owned BY him. nor SHAH inss !.
mere informative In nroa n, eH ieds