The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-07
ARTICLE ..

ARTICLE 2.
The domicile Of this corporation shall be
in the city of New Orleans in the state of
Louisiana, and all citations or other legal
process shall be served on the president, or
in his absence, on the vice-president, or in
the absence of both, on any director resid-
ing in said city. Said company may main
tain branch office at Toledo, Ohio.
ARTICLE 5.
The objects and purposes OF this CORPORA
ton shall be to purchase and otherwise
acquire, reclaim, cultivate. develop and dis
pose of by sale, leases or otherwise, real
estate and lands in the state OF Louisiana
and elsewhere, as the stockholders or board
or directors may from time to time deter
mine, to construct drainage and sewerage
systems, TO build, operate and lease factor
les, 10 utilize the products Of its lands to
construct, maintain and operate dredges
boats warehouses, docks, telephone and tele-
graph lines railroads and other transporta-
ton lines, and such other structures as NAV
be proper or necessary for the development
and conduct of its business and generally
to acquire and maintain, operate and dis
pose or all kinds Of property, real and per-
quired or used In carrying out the general
purpose Of the organization Of the COM
pany.
ARTICLE 4.
The capital stock Of this corporation shall
be sixty thousand $3.50, 600 OO5 dollars. al.
yided into six hundred (600) shares of one
n nun tsioO.OOl dollars each, payable on
call or and in such manner as. the board
OF directors may require; provided that no
stock shall be issued until the Consideration
therefor has been received nv said ror,
pany.
This corporation shall commence business
ana be going concern as soon as three
thousand (S3,O0000) dollars worth OF can't
tai stock shall have been subscribed for.
lnH0rnnro ctrhoa
hereby certify that the following persons
have subscribed for the number of shares of
STOCK opposite their names: Harry Leyison.
twenty-six shares; John b. Crouch. one
share; E. Gilthorpe one share: A T Dn-
sehpury, one share; NJ. Captain, one share.
ARTICLE 5.
The powers Of this company, except such
as must be exercised by the stockholders
snail be vested in a board of FIVE directors
an OF whom must be stockholders. Three
directors shall constitute a quorum of the
board for the transaction of business, All
vacancies occurring on said board Of direc-
tors shall be filled by the remaining direc-
tors Tor the uneIpired term. The board Of
directors shall be elected at the annual
stockholders meeting, or at a special meet.
ing Tor that purpose.
The officers of this company shall be q
president yice.president,, secretary and
treasurer, all of whom shall be stockhold-
ers. The president and vice-president shall
be elected from the directors. and the Of
aces OF secretary and treasurer may be held
The following persons shall constitute the
nrst board of directors: Harry Levison,
john b. Crouch, II. Gilthorpe, A. I. Dusen.
pury and NJ. Caplan. Said board OF direc-
hold office until the second "Wednesday of
FEBRUARY, 1913, and thereafter the directors
and onicers shall be elected annually and
Until Until their successors shall have been duly
The annual meeting Of the stockholders
snaIl De held at the principal offices of the |
company In the city of New Orleans on the |
ing with 1913, at which meeting each share
OF STOCK issued shall be entitled to one vote
east by the owner in person or by proxy
me proxy need not be stakeholder Any
failure TO hold such annual Stockholders, |
meeting shall not annul this charter
The secretary shall mail to the last known |
ADDRESS OF each stakeholder ten days' no
nee OF each annual stockholders meeting |
ana seven days notice Of each special stock. |
holders meeting.
ARTICLE 6.
The president shall be the chief execu.
i've officer of this company and shall nre- |
side at all directors meetings and shall |
perform such other duties as are USUALLY
d tnpose S upon that oficer; the vice-pres- |
dent In case of his absence or inability to |
act. "
All acts of sale, purchase or lease of rasI
estate shall be signed by the president and
attested by the secretary.
ARTICLE Z.
No stockholder of this company shall
ever be held liable for the contracts. debts
pr faults thereof, In any greater sum than
any unpaid balance due this comnanv on
ms shares OF stock; nor shall any mere in
'ormality in the organization or proceedings
u this company or the board Of directors
ave the effect OF annulling this charter or
u exposing any stakeholder or officer to
my liability other than such as NAV no
wing BY him to the company on his STOCK
II otherwise.
ARTICLE S.
This act Of Incorporation may be modi-