The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-05
ARTICLE /.

The name OF this corporation shall be
Ohio Louisiana Plantation Company, and by
that name 1t shall enjoy succession for the
term Of ninety-nine 800 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 a 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
munities, 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.
ARTICLE H.
The domicie 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-president, 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
| 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-
| zation of the products from the land a"
quired from time to time In connection with
| Its other works, maintain such warehouses,
docks, wharves, railroad and tramway lines,
and other transportation lines that may be
found necessary or eXpedient for the proper
development and carrying on Of the com
pany's 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 effectually carry out the
main desire Of the organization Of the COM
any, and also to acquire and operate dredges
and boats.
ARTICLE ".
The capital stock Of this corporation shall
he fixed at two hundred thousand (S200-
00000) Dollars, divided into twenty thou
sand (2O.0O0) shares Of ten $4,000 dollars
each, payable in cash at the time Of the sub
scriptiOn, 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
valuable consideration or services as the
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 (S10, 900 OO) |
dollars OF its stock Is subscribed for, which
amount is hereby declared to be subscribed. |
ARTICLE V.
All powers Of this corporation shall be
vested In a Board of Directors composed Of
five members all OF whom must be stock |
holders. Three members shall constitute a
quorum for the transaction Of business. All
vacancies occurring on said Board OF Direc- |
tors shall be filled by the remaining direc- |
tors for the unexplred term.
The officers of this corporation shall be a |
President, Vice-President, Secretary and |
Treasurer, and, excepting the secretary, must
be elected from the Board of Directors. II
not elected from the board the Secretary
must, however, be a stockhold p,
The first Board OF Directors II this cor |
poration shall be elected by the stockhold- |
ers as soon as practicable after the record |
ing OF this charter in the Mortgage Office |
In the Parish Of Orleans, and such directors, |
so elected, shall at once proceed to elect the |
officers as hereinaboye provided Said Board
of Directors and officers shall hold their |
respective offices until the first Monday In |
February, 1911, at which time, and annually |
thereafter, an election for directors shall be |
held at the office OF the corporation, at which
time each share of stock issued shall be en-
Titled to one vote cast by the owner In per-
son or by proxy. The said board so elected
shall proceed at once to elect the officers
herein provided for. The failure to hold
such election shall not annul this charter
The then existing Board Of Directors and
officers shall hold their respective Offices un-
til a new election can be held, which shall
be called and held as soon as possible.
The Secretary OF this corporation shall