The herald., 1911-06-01
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. wharves, railroad and tram
way lines. and other transportation lines
| that may be found necessary or expedient
for the proper development and carrying on
| or 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
or any and every species OF property. real
so acquired and used In order to more eff
fectually carry out the main design OF the
organization OF the company, and particu-
larly In connection with its real estate
operations to acquire and operate dredges
ARTICLE ".
The capital Of this corporation shall be
hXed at twenty-five thousand 1925 600 OO)
dollars, divided into two hundred and fifty
t25O) 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
or three members, two Of whom shall con-
stitute quorum for the transaction OF
business. They shall elect from their num-
Der president. vice-president and treasurer.
The following named persons shall con-
stitute Board of Directors: NJ. c. Baker.
q. III. Randolph, L. L. Baker. and NJ c.
Baker shall be president G. H. Randolph.
vice-president, and L L. Baker. secretary
and treasurer, and they shall hold Office IN
I'll the third Tuesday of February. 1912. or
until their successors shall have been duly
elected. Any failure to hold an annual meet
ing snail not cause a forfeiture Of this
act OF Incorporation. and any vacancy oc-
curing In the Board of Directors from any
cause, snail be filled by the remaining d.
The Board of Directors shall elect its Off
GERS, and shall appoint such agents and
managers as may be necessary and shall
nx their compensation. The board shall also
nave the right to dismiss said employees at
pleasure.
All acts Of sale purchase, lease. or Others.
snail be signed by the president, and at
tested by the secretary.
ARTICLE vi.
On the third Tuesday in February. annu-
any, 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 (1O) days
notice said notice to be deposited in the
mall, postage paid, and directed to each |
stakeholder. at his or her last known al.
dress. At said meeting said directors shall
be elected by ballot, and a majority of the
VOTES cast shall be necessary to elect. and
each snare OF the stock shall be entitled to
one vote, and the shareholder shall vote In
person or by written proxy. Only sharehord-
ers shall be eligible as directors.
ARTICLE VII.
q, NO stock shall be transferred except upon
me books OF the company. No stockhoiderl
mall be held liable for any contracts or
'um than the unpaid balance Of his re-
'pective shares. ms
ARTICLE VIII.
This act Of Incorporation may be mod,.
led, changed or amended or said cornora |