The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-12
ARTICLE /.

The name Of this corporation shall be
Ohio Louisiana Plantation Company, and by
that name II shall enjoy succession for the
term OF ninety-nine (99) years from the date
hereof unless sooner dissolved 1t shall
have the power TO sue and be sued, to Dor
row money, hold, purchase, lease, sell and
hypOthecate real and personal property; to-
make and use corporate seal to name and
appoint such agents, managers and employees
as the interest OF said corporation may re-
quire; and is hereby vested with all the i'm
munlties, rights and privileges conferred
upon corporations by the laws OF the State
OF Louisiana. 1t shall have power to make
and establish such bylaws, rules and regu-
lations for the proper management, conduct
and regulation OF the affairs Of said corpor-
alton as may be deemed necessary and
proper, and the same to change and alter at
pleasure.
The dOmicile OF this corporation shall be
in the City OF New Orleans, in the State OF
Louisiana, and all citations or other legal
process shall be served on the president, or
in his absence, on the vice-presdent, and in
the absence OF both Of said officers, on any
director residing in the City Of New Orleans.
Said company may maintain a branch Office
at Toledo, Ohio.
ARTICLE III.
The objects and purposes Of this corpor-
alton shall be to purchase and otherwise &C
quire, reclaim, cultivate, develop and dis.
pose by sale, leases or otherwise, real estate
and lands in the Parish Of Lafourche, In
the State OF Louisiana, and elsewhere, as
the Board OF Directors may from time to
time determine, to construct drainage and
sewerage systems, to build, operate, sell and
lease factories Of various kinds for the utili-
stiOn OF the products from the land az
quired from time TO time in connection with
Its other works, maintain such warehouses,
docks, wharves, railroad and tramway lines
a nd MI fra uSr ri a m hot hal
found necessary or expedient for the proper
development and carrying on OF the COM
panys business; to erect, maintain, and
operate telegraph and telephone lines, and
generally acquire by purchase or lease, Oper-
ate, sell and otherwise dispose OF any and
all species OF property, real and personal, |
necessary or convenient to be so acquired
and used to more eifectually carry out the |
main desire Of the organization Of the COM |
any, and also to acquire and operate dredges
ARTICLE ".
The capital stock of this corporation shall
be fixed at two hundred thousand (S2OO-
O0000) Dollars, divided into twenty thou |
sand (20,0O0) shares Of ten $4,000 dollars
each, payable in cash at the time OF the sub
scripti0n, or the same may be issued, at not
less than par, in payment or exchange for
property or rights received or purchased by
said corporation, or the same be issued, full
aid, for money advanced, and for such other
Board Of Directors OF said corporation may
determine; provided that no stock shall be
issued until the consideration thereof has
been received by said corporation. This cor
poration is authorized to commence bust
ness as soon as ten thousand (S1O,000.00)
dollars OF its stock is subscribed for, which
amount is hereby declared to be subscribed.
ARTICLE V.
All powers OF this corporafIon shall no
vested in a Board of Directors composed Of
five members all Of whom must be stock
holders. Three members shall constitute
quorum for the transaction of business. All
occurring on said Board of Direc-
tors shall be filed by the remaining direc-
tors for the unexpired term.
The officers of this corporation shall be
President, Vice-President. Secretary and
Treasurer, and, excepting the secretary, must
be elected from the Board Of Directors IL
not elected from the board. the Secretary
must, however, be a stakeholder.
The first Board of Directors of this cor
poration shall be elected by the stockhold-
ars as soon as practicable after the record.
Ing OF this charter In the Mortgage Office
in the Parish Of Orleans, and such directors
20 elected, shall at once proceed to elect the
II Directors and officers shall hold their
offices until the first Monday In
1911, at which time, and annually
hereafter, an election for directors shall be ,
eld at the ONCE of the corporation, at which
line each share Of stock issued shall be en-
tiled to one vote cast by the owner, In per
ION or by proxy. The said board so elected
hall proceed at once to elect the officers .
herein provided for. The failure to hold /
uch election shall not annul this charter ,
rhe then existing Board Of Directors and ,
Ulcers shall hold their respective Offices IN ,
ii a new election can be held, which shall !
'e called and held as soon as possible.
The Secretary Of this corporation shall !
n NJ oil fnxo 80 Z