The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-08
ARTICLE III.

| The objects and purposes Of this corpor-
| alton shall be TO purchase and otherwise
acquire, reclaim, cultivate, develop and dis
| pose or by SALE lease or otherwise. real
estate and lands in the Parish OF Plaque
mines and elsewhere, as the Board of Di
rector, 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
and personal, necessary or convenient to be
so acquired and used in order to more eff
fectually carry out the main design Of the
organization or the company, and particu-
larry In connection with its real estate
operations to acquire and operate dredges
and boats
ARTICLE ".
The capital Of this corporation shall be
fixed at twenty-five thousand (S25.00 O0)
dollars, divided into two hundred and fifty
(250) 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 Board Of Directors, composed
OF three members, two Of whom shall con-
business. They shall elect from their num-
Der president, vice-president and treasurer
The following named persons shall con-
stitq ut a Board Of DIRECTORS: NJ. c; Baker,
Baker shall be president, q. III. Randolph,
vice-presldent, and L. Baker, secretary
and treasurer, and they shall hold Office I'M
I'll the third Tuesday OF February, 1912, or
chaI1 hav bao 1,,I-
elected. Any failure to hold an annual meet
Ing shall not cause a forfeiture Of this
act or incorporation, and any vacancy oc-
curing In the Board OF Directors from any
cause, shall be filed by the remaining d.
rectors.
The Board of Directors shall elect its OF
GERS, and shall appoint such agents and
fix their compensation. The board shall also
have 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. anpu-
ally. beginning with the year 1912. there
shall be held a meeting of stockholders TO |
eject directors for the ensuing year, which |
meeting shall be called after ten (1O) DAYS |
notice; said notice to be deposited In the |
mail. postage paid, and directed to each |
stakeholder, at his or her last known adj |
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 share 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
=, No stock shall be transferred except upon
the books of the company. No stockbolderI
shall be held liable for any contracts or
FAULTS or this corporation, In any further
sum than the unpaid balance Of his re-
spective shares
ARTICLE VIII
This act Of Incorporation NAV be modi-
bed, changed or amended OR said co.nora |