The herald., 1911-01-12

tract, sue. and be sued in its corporate
name to make and use a corporate seal
to hold receive hire and purchase real and
personal property and to sell. mortgage, OF
pledge the same. and to borrow money and
issue bonds. notes and other Obligations
All citations or other legal process shall
be served upon the president, and in the
event Of his absence or inability to act from
any cause the same shall be served upon
the vce-president or any other officer IN
New Orleans, Louisiana.
ARTICLE II.
The objects and purposes for which this
corporation is organized, ana the nature
Of the business to be carried on by Ii are
hereby declared to be:
To purchase, or otherwise acquire, erect
construct, equip, improve, extend, work, dc
velOp, operate, maintain own, repair con
troll, sell lease or otherwise dispose OF
water rights, reservoirs, dams, canals, tun
nels. bitches, fumes, drainage systems, con
trolling works, power plants and lrrlga
tiOn works or plants, Of whatsoever KIND
or nature. for the purpose OF irrigatlne
lands, retaining submerged lands, or stor
ing waters, and the drainage and conveying
Of waters from one place or places u
another place or places.
To purchase, lease or otherwise acquire
! erect. equip, improve, extend. work, develop
1 one rate maintain, own, repair control sell
lease or otherwise dispose Of water rights
reservoirs, dams, canals, tunnels, bitches
| fumes, drainage systems, controlling WORKS
power plants, or plants or whatsoever klnC
or nature for the purpose OF purchasing
leasing or otherwise acquiring. and selling
| leasing, or otherwise dSpOsing OF power
| light heat, or energy in whatsoever form
or nature and the exercise of the customary
and necessary powers incident thereto.
To acquire by purchase or otherwise own
hold buy, sell, convey, lease, mortgage oil
cucumber real estate or other property, per
SOnal or mixed, and to survey, subdiyide
plat, improve and develop irrigated, sub
merged and other lands for purposes OF sale
or otherwise, and to do and perform al
things needful and lawful or the develop
ment and improvement OF the same for agrl
cultural, planting cattle raising, residence
trade and business.
To purchase or otherwise acquire, and &c
hold. own OF control, receive, store. convey
deliver, sell, lease or otherwise dispose OF
water. ice or moisture in any form, or rights
of any nature in and TO water, or the usage
thereof
Generally to carry on or undertake any
other business of the same general nature
which from time to time seems to the di
| rectOrs OF this corporation capable OF being
| conveniently carried on in connection with
the above objects, or calculated directly OF
indirectly to render valuable or enhance the
value of any of the cOmpany'S privileges OF
rights, and which is lawful in Louisiana
for a corporation so organized.
ARTICLE III.
The capital stock Of this corporation is
hereby fixed at the sum OF seyenty-fie thou
sand dollars (S75,OOO), divided into and
represented by seven hundred and nifty
(75O) shares OF the par value OF one hun
dred dollars (S190.)
Said stock shall be paid for in install
ments OF such amounts and al such times
as the Board of Directors may determine
but any part or parcel of said stock may
be issued by said Board Of Directors at not
less than par, in payment OF labor done or
property actually received by said corpora
ton.
This corporation shall commence business
and be a going concern soon as one
hundred (1O0) shares OF its capital stock
shall have been subscribed for, and this
Charter signed and executed by the incor,
pOratOrs.
All the corporate powers OF this corpor
alton shall be vested in and exercised by a
board of five 90 directors, to be composed
OF stockholders, three CD of whom shall
constitute a quorum for transacting all bus
mess. The Board Of Directors shall be vest
ed with full power and authority TO make
all contracts, purchases and sales, and adopt
all bylaws, rules and regulations for the
government of the business and affairs OF
the company, and alter, amend and change
the same at pleasure; appoint, hire and dis
charge all officers, agents and employees, Tx
all salaries. and generally do and perform
all things necessary in the transaction OF
the business and affairs Of the company. Any
vacancy occurring in said board shall be
filled by the remaining directors in the man
ner provided for in the bylaws.
The first Board OF Directors Of this cor
poration shall consist Of Cornelius ]. Ton
William Brusse, Dirk W. Jellema, Chas
KleinhuiZen and J. Arthur Dixon. with the
said Cornelius ]. Ton as president, William
xiaa nirE Tal
as secretary, and Chas. KleinhuiZen, treas
urer who shall hold their offices until the
third Tuesday in February, 1911, or until
their successors are duly elected and quail
fled.
On the third Tuesday in February, 1911
and annually thereafter, an election for d.
rectors shall be held at the office of the com
pany. under the supervision of three com
missioners to be appointed by the presi-
dent, and the directors then elected shall
take their seats Immediately and shall hold
Office until their successors are duly elected
and qualified. Each board shall elect it,
own officers, which shall consist of presi
dent, a vice-president, secretary and a
treasurer; two OF said offices may be held
by the same person.
All corporate elections shall be by ballot
and a majority OF the votes cast shall elect
and at all stockholders meetings held for
any purpose. each share OF stock shall be
entitled to one vote either in person or by
proxy, by the person in whose name same
is registered on the books OF the company
and the Board of Directors NAV close the
stock transfer books for a period not ex
ceeding thirty days before any meeting.
Written notice of stockholders meetings
shall be given to each stakeholder by the
secretary at least ten t10) days prior ia
elections, by mailing same, postage prepaid
to his last known postOfice address.
The Board of Directors shall have power
to establish stock transfer agencies under
reasonable rules and regulations, in the
Cities of New Orleans, Louisiana, Chicago
Illinois, and at such other places as they
may deem necessary and the business Of the
corporation shall require.
ARTICLE V.
This act Of Incorporation may be changed
altered or modified, or this corporation dis
solved, with the assent OF three fourths
| (3-4D of the stock present or represented
at any general meeting Of the stakeholder:
convened for that purpose after thirty go
days prior notIce of such meeting shall hav,
been given by publication in one of tn,
| daily newspapers published in the City o.
| New Orleans, by five 90 publications during
| said period, and such changes as may b,
| made in reference to the capital stock shall
| be made in accordance with the then exist
| ing laws on the subject.
ARTICLE VI.
Whenever this corporation Is dissolved
| either by limitation of its charter or from
any cause, its affairs shall be liquidated b!
| three CD commissioners to be appointed
| from ha I'M