The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-14
ARTICLE III.

The objects aud purposes for which this
corporation Is formed and the nature of bus
mess to be carried on by ii Is hereby de-
ciared 10 be dealing in, acquiring, purchas-
ing. holding, as well as selling, mortgaging.
bonding real estate in any of the forms
that may be deemed most advantageous for
the purpose of carrying on this business; TO
hold, sell and mortgage improved and unim-
proved property, real or personal. in the
state OF Louisiana to develop, reclaim, drain
or cultivate for the account Of the company
or on share basis any lands or property
in the state Of louisiana TO engage in com
mercial enterprises such as the operation Of
boarding houses. trading posts, stores, can
neries, the exploitation Of fish and fisheries
the operation of railways, tramways, canals
building and construction of boats and the
operation OF same for navigation purposes
the building of roads and highways, the con-
struction OF wharyes, warehouses, landings,
piers and station houses, the exploitation Of
timber, manufacture Of lumber, raising OF
cattle and the growing of farm products
generally; the operation Of diaries and the
manufacture OF dairy products the erection
and construction Of buildings by contract or
otherwise, dwelling houses, theaters, parks
and places of amusement, and in furthering
the objects and purposes OF this corporation
1t shall have the right to establish branches
In and out of the state of Louisiana and in
general TO do anything that may be pertinent
TO or incident to the lines of business out
lined end set forth in this article.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at the sum of one hundred
thousand dollars, divided into 900 sha res
of the par value of $4,000 each, paid for
in cash or Its equivalent or in labor done or
in property actually received. The corpo-
ration TO be going concern so soon as
shall have been subscribed and paid in. No
stakeholder shall ever be held liable or re-
sponslDle Tor the contracts, faults or de-
fault nor shall any mere informality in this
have the effects of rendering
this charter null or of exposing the stock
holders 10 any liability beyond the unpaid
balance of its capital stock.
ARTICLE V.
The corporate powers of this company
shall be vested in and exercised by a hoard
OF NOT less than three CD directors, a ma
Jorlty OF which shall constitute a quorum
10 transact business, and they shall elect
from their number a president, vice-president
and secretarytreasurer The directors
sna d,, De elected annually by. ballot, by the
at the Office of the company.
on the hrst Tuesday of December of each
year. Each stakeholder shall be entitled
either EN- in person or by proxy, to one vote
lor eaeh share of stock in his name and
such election shall be held under such rules
as may be prescribed by the board of direc-
tors, and majority of the votes cast shall
eject Messrs. ]. n. Colomb, julius f. Funk
81. Il. rdNroI are declared TO be the
iirst board of directors of the said corpora-
ton to serve until the first Tuesday OF De-
cemDer, 1917, or until their successors shall
nave been elected and qualified, with Julius
r. FUNK as president, ]. y. Colomb as vice
president, and II. L. Favrot as secretary
treasurer. Any vacancies occurring on said
board shall be filed by the remaining direc-
Lors Tor the unexpired term. The said board
III directors shall make and establish, as
Ven as alter and amend any and all by
laws, rules and regulations for the govern
nent Of said corporation.
ARTICLE vi.
This charter may be modified. changed and
altered, and this corporation NAV be his
'oIVed, or the said corporation may be
nerged or consolidated with any other cor
loratlon with the assent of three fourths of
ne STOCK represented at a general meeting
IL the stockholders convened for that pur
pose after ten days previous notice shall
ave eeen given TO each of the stockholders
nailed to his residence as 1t appears on the
BOOKS OF the company.
ARTICLE VII.
Whenever this corporation NAV no dis
olved, either by limitation or by any other
ause, its affairs shall be liGuidated by
nree stockholders elected as commissioners
to be convened for that mr..
,Ose, AFTER ten days previous notice shall
ave been given to each stakeholder mailed
o his last known residence as IL appears
n the books of the company Said com
nlssioners shall remain in Office until the
nairs OF the corporation shall have been
ettled and liquidated and In case of death
4 one or more liquidators, the vacancy
nall be filled by the survivor or surviving
Thus done and passed in my office at New
orleans. on the day, month and wear first
bove written, and in the presence of Noelie |
'oorhies and Charles Munsted. both compet- |
Mt Witnesses Uha sigy, that,