The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11


ing themselves or the provisions of an ACT
or the Legislature Of this state. known as
Act No. Thirty-six 1861 OF the Session of
1855, as well as those Of other acts and
general laws of this state relative to the
organization of corporations. they have
formed and organized themselves and other
persons who may hereafter become inter
ested and associated with them into
corporation for the objects. purposes. stin.
ulatlOnS, agreements, ETC. hereinafter SGT
forth and expressed, which they adopt as
their charter, tO-wit:
Name and Title Of Corporation and Place
OF DOmicilc.
The name and title OF said cornoro+ior
shall be the "Orient Company, Limited
and under this corporate name il shall have
power ana authority to have and enjoy sue
ceSSlon for the term of ninety-nine (aol
years from the date hereof. The domiCile
ana principal office OF said corporation for
the transaction OF business shall he in tho
City OF New Orleans, State of Louisiana.
ARTICLE H.
Description Of the Purposes for Which the
corporation is Established. the Nature Of
The Business TO be carried ON and tbs
designation Of the Officer on tchOm Cjta-
fiOH may be SerUed.
Under It's corporate name IL shall have
power and authority TO contract she and
he sued, TO make and use a corporate seal
the same to break and alter al will and
pleasure, TO do general real estate land
timber, farming, immigration, mineral min
ing, contracting, commission. merchandise
ing, printing. and manufacturing businesses
In any state in the United States OF America
said businesses more specifically identified
and described as follows:
To buy, sell. lease. release, mortgage and
hypothecate real estate, lands minerals
buildings.
To cut timber. remove logs, clear lands.
reforest lands, farm lands. and mine min
erals.
To plan, have surveyed, Law out, improve
embellish. grade and upbuild village sites
town sites, manufacturing sites, suburban
additions, business lots. residence lots. parks
and places, rural settlements, farms and
land tracts. and to promote immigration,
settling. building and inhablting the same.
To build and operate mills, factories, etc.
for the manufacturing, making and use OF
timber, lumber, logs farm products. print
ing. concrete materials, brick materials
stone quarries, mineral products and TO
build, maintain and operate all things nee
essary and proper 10 conduct and carry on
such businesses.
To build and operate stores for the sale
OF merchandise, furniture, machinery, hard
ware, groceries, boots. shoes, notions, dry
goods, farm products. mineral products,
harness, wagons, carriages, and all other
articles and things necessary to a general
store.
To build and construct buildings and res
idence structures for sale or lease.
The President or in his absence the Vice
President shall be the officer upon whom ci-
tation and judicial process shall be served.
ARTICLE III. =
AMOUNT Of Capital Stock. Number Of Shares,
AMOUNT Of Each Share. and Time When
and Manner in Which Payment on stock
Subscriptions shall Be Made.
The capital stock Of this corporation is
hereby fixed at the sum of One Hundred
Thousand (S100000) dollars, divided into
one thousand 10000 shares at one hundred
tS1O0) dollars per share, and shall he paid
for in cash, property or Its equivalent at
such times and In such amounts and man.
ner as the Board OF Directors may determine
and direct. This corporation shall begin
business whenever fifty-one CD shares OF
the capital stock shall have been subscribed
for. This corporation shall have the privi
lege TO increase its capital stock according
TO the terms and conditions OF an act OF the
legislature of this state numbered twenty
six (26) of the Session OF 1882, and other
acts Of the legislature, and general laws
of this state. No stakeholder shall ever
be liable, responsible, or held so, for the
contracts. faults. or debts of this corpora
ton in any further sum than the unpaid
balance due the corporation on the shares
in organization or operation have the effect
Of rendering this charter null and void or
OF exposing a stakeholder to any liability
beyond the amount Of his stock.
ARTICLE ".
The Node in Which the Elections of Direc-
tors or Managers shall Be Conducted.
All the affairs power property and bust
ness Of this corporation shall be exercised
and governed and managed by Board OF
Directors composed Of at least three go
stockholders owning at least one ID share
of stock of this corporation. The directors
shall elect from their number a President,
a vice-president and treasurer
The following named persons shall consti-
tute the first lsD Board of Directors ::
Harley A. W. Howcott, Joseph Bres, Au-
gust Seim, with Harley A. W. Howcott as
president, Jos. X. Bres as vice-president, and
August Seim as secretary-treasurer. They
shall hold their Offices until the first t1stD
Monday in January one thousand niue hun
dred and twelve (1912) A. d., or until their
successors are elected and qualihed. There
after said directors to be elected by ballot
pose on the first (1st) Monday Of January,
one thousand nine hundred and twelve
(1912D A. D., and on the first (lst) Monday
Of January Of each succeeding year. Each
share of stock represented at such meetings
shall he entitled to one "a vote, notice OF
such meeting shall be mailed or left per-
sonally by the secretary-treasurer to each
stakeholder ten (1O) days preceding said
election Such election shall be held at the
Office and domicile of said corporation I'M
der the supervision of the then present
Board of Directors. The stockholders re-
ceiylng a majority of the votes shall be de-
clared elected. Failure to hold an election
on the day specified shall not dissolve the
corporation, the directors in office holding
over until an election can be held AFTER
ten (1O) days notice of the time and place
thereof. A majority of the Board OF IN
rectors shall constitute quorum Tor the
transaction of business. Vacancies occur
ring in the Board of Directors shall be
filed from the stockholders by the remaining
members Of the board, whether quorum
remain or not The Board OF directors
shall appoint or elect all other omeers,
agents, clerks, or employees as they deem
proper and necessary and the salaries OF
such shall be fixed by the board with full
power to increase, diminish or cancel at It's
will and pleasure. The Board OF Directors
shall meet for the transaction OF business
whenever called upon by the secretary treas.
urer, upon instructions by any member OF
the board. The Board OF directors snalI
make all rules and regulations as they
deem proper and necessary for the transae-
tion of business.
ARTICLE v.
Amendment and Mode OF Ltqstdatson az
Termination of Charter.
The stockholders Of this corporation at
general meeting convened for that purpose
shall make any notifications, additions, or