The herald., 1911-06-15
ARTICLE III.

The domicile Of said corporation, and
the principal office for the transaction OF
business shall be in the city OF New UT
leans, state of Louisiana. The president;
or in his absence, the vice president, ShaIi
b, the officer upon whom citation ana All
judicial process shall he served.
ARTICLE III.
The objects and purposes for which this
cornorati0n is organized. and the nature OF
the business to Ice carried on by IL, arr
hereby declared TO be, as follows to-Wlt
To btTy, sell. hold and lease real estate ana
lands in any state of the United states
for any and all purposes whatsoever; 10
lease and release real estate and lands, ana
to mortgage and hypOthecate the same; 10
buy lands and lots and improve the same,
and TO let buildings of all descriptions /;
to borrow money and to secure the same
by mortgage, hypothecation or pledge: 10
lend money and secure the same by mort
gage, hypothecation or pledge; 10 issue
bonds: and generally to carry on any
business or enterprise not inconsistent with
the Constitution and laws Of this state and
of the United States.
ARTICLE ".
The capital stock of this cOrportion Is
hereby fixed at the sum OF twenty-five thou
sand dollars ($25.000l TO be divided into
and represented by one hundred and fifty
dred dollars (S100.00) each. subscriptions
to said stock shall be paid for in cash, or
Its equivalent in property, at such times
and in such amounts and manner as the
board Of directors may determine and d.
rect.
This corporation shall be authorized to
begin business whenever five thousand dol
lars (S5,0O0.00) of its capital stock shall
have been subscribed and paid for, and the
remainder OF the capital stock shall be
issued at such times and on such terms and
conditions as the board OF directors of this
corporation shall see fit. All transfers OF
stock shall be made on the books of the
company, and no transfer of stock shall be
| in any way binding on the company, unless
| and until II is made in the above described
| manner. Each share OF stock shall entitlt
| the owner thereof, either in person or by
proxy, TO cast one vote at all general meet
| ings.
ARTICLE V.
| All the power of said corporation shall
he exercised by and vested in a board OF
directors, composed of at least three CD
| stockholders, owning each at least one ~
share Of stock of said corporation said di
| rectors to he elected at general meeting
convened for the purpose on the 23rd OF
| October in each year. In the event thai
| the 23rd of October in any one year shall
| fall upOna Sunday or legal holiday, the
election shall be held on the next day fol
| lowing. Each share of stock present OF
| represented at such meeting shall be en-
| titled to one vote All shareholders shall
be notified of the holding of the annua
meeting by mailing a written notice to eaci
at his last known address ten GO) day
prior to the date Of such meeting. SaiC
election shall be held at the office of thi
corporation. under the supervision of thu
| board of directors. The stockholders re
ceiving a majority of the votes cast shall
| be declared elected.
| The board of directors shall elect from
| among their number president and vic
| president. They shall also elect a secretary
treasurer, who may but however need ne
| be a director or stakeholder. \ majorit,
| OF the stockholders shall constitute a quo
! rum for the transaction of all business. Va
| cancieS occurring in the board Of director
shall be filed from the stockholders by tn
| remaining directors, whether a quorum re
main on the board or not.
| The board of directors shall elect or ap
point all other officers, agents, clerks o
| employees, as they deem proper, and tn
| salaries of such officers and employees shall
be fixed by the board, with full power Z
| increase or diminish the same at its pleas
| ure. ANY director absent from the stat
may appoint any shareholder to act as hi
proxy at all directors meetings.
Special meetings of the stockholders ma.
| he called at any time when necessary, b.
| the president or two shareholders of tn
| corporation, after three days notice in writ
ing, stating the object of such special rieet
ing.
| All officers and members of the board o
| directors shall serve until their successor
shall have been elected and qualified.
| The board of directors shall have pOwe
| without reference to the shareholders OF tn
company. to buy, sell and lease. TO mortgage
| hypothecate and pledge all kinds Of prop
erty, whether movable of immovable. an
generally to exercise all of the powers cor
ferred on its board of directors by thes
articles Of Incorporation. Immediately upo
the completion OF the signing of this char
ter the original subscribers shall meet an
elect a board of three directors to serv
until the 23rd day of October follOwin!
when the annual election shall be held.
ARTICLE VI.
No stakeholder shall ever be held liabl
or responsible for the contracts or faults {
this corporation in any further sum tina
the unpaid balance due the corporation o
the shares owned by him; nor shall an
mere informality in organization have tn
exposing a stakeholder to any liability b
yond the amount due on his stock.
ARTICLE VII.
, This act of incorporation may be amen'
, ed. altered or modified By a vote Of thre
| fourths of the shares present or representa-
! at a general meeting Of the stockholdel
convened for that purpose, after ten day
notice published in any daily newspaper
] this city.
ARTICLE VIII.
AT the expiration Of this charter, or
sooner dissolved, its affairs shall be liqu
dated by three commissioners elected
the board Of directors, and said commi
sioners are hereby vested with full pow