The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-28

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 yice-president, or in
the absence of both, on any director resid-
ing In said city. Said company may main
tain a branch office at Toledo, Ohio.
ARTICLE 3.
The objects and purposes Of this corpora
ton shall be to purchase and otherwise
acquire. reclaim, cultivate. develop and dis
pose of by sale, leases, or otherwise. real
estate and lands in the state OF Louisiana
and elsewhere, as the stockholders or board
OF directors may from time to time deter
mine, to construct drainage and sewerage
systems, to build, operate and lease factor
les, TO utilize the products OF It's lands, to
construct, maintain and operate dredges,
boats warehouses, docks, telephone and tele-
graph lines railroads and other transporta-
ton lines, and such other structures as may
be proper or necessary for the development
and conduct of its business and generally
TO acquire and maintain, operate and dis
pose of all kinds of property, real and per-
sonal, necessary or convenient to be &C.
quired or used In carrying out the general
purpose Of the organization Of the CON-
pany.
ARTICLE 4.
The capital stock Of this corporation shall
be sixty thousand $3.50, OOO.OO) dollars. d.
vided into six hundred (600) shares of one
hundred (S1OO0O) dollars each, payable on
call or and In such manner as, the board
OF directors may require provided that no
stock shall be issued until the consideration
therefor has been received by said COM
pany.
This corporation shall commence business
and be going concern as soon as three
thousand (S3,OOO.OO) dollars worth Of capt.
tai stock shall have been subscribed for.
me lneorporators subscribing hereto do
| have subscribed for the number of shares of
STOCK opposite their names Harry Leyison,
twenty-six shares; John B. Crouch, one
senbury, one share; N. Captain, one share
ARTICLE s.
as must be exercised by the stockholders.
! shall be vested in a board Of FIVE directors,
an OF whom must be stockholders. Three
directors shall constitute a quorum of the
board Tor the transaction Of business. All
vacancies occurring on said board of direc-
tors shall be filled by the remaining direc-
tors tors tor the unexpired term. The board Of
directors shall be elected at the annual
Ing for that purpose.
The officers OF this company shall be a
president president iee,president, secretary and
ers. The president and vice-president shall
be elected from the directors and the Of
noes OF secretary and treasurer may be held
| W tue same person.
The following persons shall constitute the
first board of directors Harry LeyIson-
John b. Crouch, Z. Gilthorpe, A. T. Dusen,
bury and NJ. Caplan. Said board Of direc-
f bos and md the 9ficers chosen BY them shall
FEBRUARY, 1913, and thereafter the directors
ana onncers shall be elected annually and
elected. N"''
The annual meeting of the stockholders
snail be held at the principal Offices of the
company In the city of New Orleans on the
second wednesday of February, commenc-
ing with 1913, at which meeting each share
or stock Issued shall be entitled to one vote
cast by the owner In person or by proxy.
me proxy need not be a stakeholder. ANY
failure TO hold such annual stockholders
meeting snail not annul this charter.
The secretary shall mail to the last known
ADDRESS or each stakeholder ten days no
| lice or each annual stockholders meeting
ana seven days notice OF each special stock
holders meeting.
ARTICLE 6.
The president shall be the chief execu.
tive officer of this company and shall pre.
side at all directors meetings and shall
perform such other duties as are USUALLY
imposed upon that officer; the vice-presi
dent shall perform the duties of the presi
dent In case of his absence or inability tC
act.
All acts of sale, purchase or lease of real
esCdte snail De signed by the president and
attested by the secretary.
ARTICLE Z.
No stakeholder of this company shall
ever be held liable for the contracts. debts
| or faults thereof, In any greater sum thar
any unpaid balance due this company on
his shares Of stock nor shall any mere in
formality In the organization or proceedings
Of this company or the board Of directors
have the effect Of annulling this charter on
Of exposing any stakeholder or officer 10
any liability other than such as may be
owing by him to the company on his stock
or otherwise.
ARTICLE 8.