The herald., 1912-08-15

qulre. In furthering and accomplishing the
objects and purposes OF this corporation IL
shall have the right to extend the operation
of its affairs to any point within or without
the state as may be deemed advisable or as
Its business may require, at which point
branches may be established. 1t shall have
the authority to contract for the construc-
ton of all necessary edifces and structures
to develop townsites in connection with It's
work OF reclamation or otherwise and to
lay out streets, roadways and alleys for the
convenience OF the inhabitants thereof, and
in general to do anything that may be incl
dental or necessary to any Of the lines of
business herein set forth.
ARTICLE Nv.
The capital stock of this corporation Is
hereby fixed at the sum of one million dol
lars Isl 600, 100000, represented by 10000
shares OF 800 each, to be paid for In cash,
property, services or notes. This corpora
tion shall be going concern and fully or
ganiZed as such as soon as SO 0000 OF its
capital stock shall have been subscribed and
paid for. No stakeholder shall ever be held
liable or responsible for the contracts, faults
or defaults Of the corporation, nor shall any
mere lnformality In the organization of the
corporation have the effect of rendering this
charter null or OF exposing the stockholders
to any liability beyond the unpaid balance
on their stock subscription. This charter
when recorded shall represent the original
stock subscription list required by Law.
ARTICLE V.
All the corporate powers of this corpora
ers shall be vested In and exercised by a
board Of directors to be composed of not
more than three (3l stockholders as herein
after stated and the number Of directors
may be increased to five, all Of whom shall
be stockholders, by action of the board OF
directors, in such manner as shall be fired
by the bylaws. A majority OF the board OF
directors shall constitute a quorum for the
transaction OF business. The said board OF
directors shall elect from their number a
president, OBSERVATION-DISCLOSURES and a
secretary. The directors shall be elected
annually by ballot by the stockholders, cast
either in person or by proxy, at the Offices
of the company, on the first Monday In
June OF each year and until the election to
the said board OF directors shall be com.
posed OF the following, to-wit: Julius J.
Funk, as president; j. Lahroy Slusher, as
Observation-Disclosures, and Emile w. Du-
pont, secretary, who shall serve as such
until the said stockholders meeting on the
first Monday In June, 1913 or until success
sors shall have been elected and qualified
Any vacancies occurring In said board shah
be filled from other stockholders by the re.
naming directors. for the unexpired term.
ARTICLE vi.
This charter may be modified, changed or
altered, or this corporation may be dissolv-
ed with the assent Of three-fourths OF the
capital stock represented at a general meet
ing OF the stockholders convened for that
purpose after ten days previous notice shall
have been given each stakeholder mailed to
ARTICLE VII.
Whenever this corporation Is dissolved,
either by limitation or by any other cause,
its affairs shall be liquidated by two stock
holders elected as liquidating commissioners
at a general meeting of the stockholders to
be convened for that purpose, OF which ten
days previous notice In writing shall have
been given each stakeholder, mailed to his
last known residence as IL appears on the
books Of the company. The said liJuidating
commissioners shall remain In ONCE until
the affairs of the corporation shall have
been settled and lIquidated, and they shall
have power TO receive all the assets thereof
and distribute the proceeds, II any, and In
case Of any vacancies by death or otherwise
OF any Of the said hquidators. the vacancy
shall be filed by the survivor.
Thus done and passed, at my Office In the
city of New Orleans, on the date first here
In written In the presence OF Geo. Wolfe and
Miss N. VOORHEES,, competent witnesses, who
have signed these presents, together with
the said appearers and me, notary, after
(signed) ]. Lahroy slusher, fourteen
! shares Julius J. Funk. fifteen shares, by ].
Lahroy Slusher; Emile W. Dupont, one
share. by J. Lahroy Slusher. Geo. Wolfe.
| y. VOORHEES,
Isisned) LEWIS R. GnAHAN,
I, the undersigned recorder OF mortgages.
In and for the parish Of Orleans. state OF
! Louisiana, do hereby certify that the above
and foregoing act Of incorporation OF the
Houma land and Cattle Co. was this day
duly recorded in my Office IN book 1855,
folio =.
New Orleans, July 16. 1912.
| (signed) EMILE LEONARD, by. Rec.
LEWIS R. GRAHAM,
| (seaD Not. Pub.
July rs aug / 8 Is ~ 20