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

ure also to make and Issue bonds and otber
evidences of debt, and to secure same by
mortgage or otherwise.
ARTICLE II.
The domicile Of this corporation shall be
In the City OF New Orleans, and all citation
or other legal process shall be served on
the president, or, in his absence, on the
vice-president.
ARTICLE III.
The objects and purposes of this corpor
alton shall be to purchase and otherwise
acquire. reclaim, cultivate, develop and dis
pose OF by sale, lease or otherwise, real
estate and lands in the Parish Of Plaque
mines and elsewhere, as the Board Of Di-
rectors may from time to time determine,
to construct drainage, sewerage system, to
build, operate, sell and lease for operation
dredges and bitches, maintain such ware
houses. docks. wharyes, railroad and tram
way lines, and other transportation lines
that may be found necessary or expedient
for the proper development and carrying on
Of the company's business. to erect, main
tain and operate telegraph and telephone
lines, and generally to acquire by purchase
or lease, operate, sell and otherwise dispose
Of any and every species Of property, real
and personal, necessary or convenient to be
so acquired and used In order to more ef-
fectually carry out the main design Of the
organization of the company, and particu-
operations to acquire and operate dredges
ARTICLE ".
fixed at twenty-five thousand 1925, 900 0O)
dollars, divided into two hundred and fifty
(250) shares Of $4,000 each, payable In
cash, or Its equivalent in property or labor.
ARTICLE v.
All the powers Of this corporation shall
be vested In a Board of Directors, composed
Of three members, two Of whom shall con.
business. They shall elect from their num-
Der a president, vice-president and treasurer
The following named persons shall con-
stitute Board Of Directors: NJ. c: Baker
q. II. Randolph, L. L. Baker. and NJ. G.
Baker shall be president, G. Fl. Randolph,
vice-president, and L. Baker. secretary
and treasurer. and they shall hold office un-
til the third Tuesday of February, 1912. or
until their successors shall have been duly
elected. Any failure to hold an annual meet
ing shall not cause a forfeiture Of this
act OF Incorporation, and any vacancy oc-
curing In the Board OF Directors. from any
cause. shall be filled by the remaining d.
rectors.
The Board OF Directors shall elect Its Off
GERS. and shall appoint such agents and
managers as may be necessary, and shall
fix their compensation. The board shall also
have the right to dismiss said employees at
pleasure.
All acts Of sale, purchase lease. or others.
shall be signed by the president, and at
tested by the secretary.
ARTICLE VI.
On the third Tuesday In February, annu-
ally, beginning with the year 1912, there
shall be held a meeting of stockholders, to
elect directors for the ensuing year, which
meeting shall be called after ten (10) DAYS
notice; said notice to be deposited in the
mail, postage paid, and directed0to each
stakeholder, at his or her last known ad-
dress. At said meeting said directors shall
he elected by ballot, and a majority Of the
votes cast shall be necessary to elect, and
each share of the stock shall be entitled to
one vote, and the shareholder shall vote in
person or by written proxy. Only sharehofd-
ers shall be eligible as directors.
ARTICLE VII.
No stock shall be transferred except upon
the books OF the company. No stakeholder
shall be held liable for any contracts or
faults Of this corporation, In any further
sum than the unpaid balance Of his re-
spective shares.
ARTICLE VIII.
This act Of Incorporation may be modi-
fed. changed Amended Or said coruora.