The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-28
ARTICLE III.

The objects and purposes for which this
corporation Is formed and the nature OF bus
mess IL be carried on by il Is hereby de-
clared 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, drai
or cultivate for the account of the company
or on "A 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
OF ration of same for navigation purposes,
the building of roads and highways, the con-
structiCn of wharves. 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 dairies 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
Ii 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 coruoration is
hereby fixed at the sum of one hundred
thousand dollars, divided into 1000 shares
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 a going concern so soon as
three thousand dollars Of Its capital stock
shall have been subscribed and paid In. No
stockholdsr shall ever be held liable or re-
sponsible for the contracts, faults or de-
infOrmnlttV
organization have the effects Of rendering
this charter null or of exposing the stock
holders to any liability beyond the unpaid
balance Of Its capital stock.
ARTICLE V.
shall be vested in and exercised by board
of not less than three (3) directors a ma
jority of which shall constitute a quorum
TO transact business, and they shall elect
from their number president, vice-president
and secretary-treasurer. The directors
shall be elected annually by ballot, by the
stockholders, at the Office Of the company.
on the first Tuesday Of December of each
either In person or by proxy, to one vote
for each 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 a majority of the votes cast shall
elect Messrs. J. y. Colomb, Julius F. Funk
and Henry l.. Favrot are declared to be the
first board Of directors Of the said corpora
tion to serve until the first Tuesday of De-
cember, 1912, or until their successors shall
have been elected and qualified, with Julius
+. Funk as president, J. n. Colomb as vice
president, and II. l.. Favrot as secretary
treasurer. Any vacancies occurring on said
board shall be filed by the remaining direc-
tors for the unexpired term. The said board
OF directors shall make and establish, as
well as alter and amend any and all by
laws, rules and regulations for the govern
ment OF said corporation.
ARTICLE vi.
This charter may be modified changed and
altered, and this corporation may be dis
solved, or the said corporation may be
merged or consolidated with any other cor
poratioh with the assent Of three-fourths OF
the stock represented at a general meeting
OF the stockholders convened for that pur-
pose after ten days previous notice shall
have been given to each of the stockholders
mailed to his residence as Ii appears on the
books Of the company.
ARTICLE VII.
Whenever this corporation NAV be dis.
solved, either by limitation or by any other
| cause, its affairs shall be liquidated by
three stockholders elected as commissioners
OF liquidation, at general meeting of the
pose, after ten days previous notice shall
have been given to each stakeholder mailed
to his last known residence as 1t appears
on the books Of the company. Said com.
missi0Ders shall remain In Office until the
affairs Of the corporation shall have been
settled and liquidated and In case OF death
of one or more liquidators, the vacancy
shall be filled by the survivor or surviving
Thus done and passed in my office at New
Orleans, on the day, month and year first
above written, and In the presence Of Noelie
VOORHEES, and Charles Munsted. both compel
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