The herald., 1912-05-23

GF,Ss, CITY or NEW ORLEANS.
4. known, that on this the goth day
be month of May, in the year OF our Lord
Of the moand nine hundred and twelve, and
one tnV,unSdanendence Of the United States Of
Of the -" ,bp one hundred and thirty-sixth,
America Alexis Brian, notary public
before ommissiOned and qualified within and
duly narish Of Orleans, state or louisiana,
for tne 70 nresence Of the witnesses herein
and ID Wy ND and undersigned, personally
sfef "a anpeared the several persons whose
osne apo bereupto subscribed, who several
paness unto me, notary that, ayailing
Y oecirss of the benefits and provisions Of
tne1srs and constitution OF the state OF
TIE s'ns relative to the organization of
IOalslansi1a they have formed and organ
ecrPolsd 40 BY these presents form and or
Bed an eJhsmselyes as well as all such other
pDnnns who may hereafter JON or become
persoh.s, with them, or their successors,
-" corporation for the OBJECTS ana pur-
MO M nnder the covenants, stipulatiOns
poe. Elements following, to-wit:
ARTICLE l.
- name and title Of this corporation
The n" sINDT-STRIAL DEVELOPMENT
shli and under said name, unless
tUst Sissolyed In accordance with its
soonei a. shall exist and continue and shall
tnAIs md enjoy corporate existence Tor a
ss Ava N ninety-nine t99l years from and
Peflcu The date Of this act. 1t may have,
after u. uaeeye borrow, loan, exchange, ac-
hco nnrchase, sell ALLEVIATE, convey, lease,
aoIe Pnawn. hypOthecate, cucumber or
pleuse,, property OF any kind, whether
no,s nassrsonal or mixed, corporal or incor-
isah movable or immovaOle; IL may &C
PDl.s,, nrtgages, pledges or other forms of
eepl W. Tor money loaned or other debts :;
senli! oontract. sue and be sued, plead or
u L 1naa55lssded and may make, adopt and use
en1porate seal: IL may name and appoint
f%ansgers, directors, and officers as its
'.,arests and convenience may require, and
plee aaske and establish such bylaws for
nA! n.oner management and regulation Of
ls ps'1rs as NAV be necessary and proper
Generally shall possess all the powers
sDs s5rivileges which corporations are and
anu Rsrsafter be authorized 10 possess under
~ constitution and laws of this state.
ARTICLE II.
IT,. aomicile Of this corporation shall be
,Ss city of New Orleans, parish of Or
w state of Louisiana, and all citations
an liner legal process shall be served upon
". VoresIdent Of said corporation, or in the
.ssnf Of his absence upon the secretary
'NeieOi' ARTICLE III.
rhs objects and purposes for which this
ln ~. is organized. and the nature
!" gSs SSsipess to be carried on by it are
Ss,shy declared TO be as follows, namely:
SAction 1. To construct or otherwise &C.
.uIre buy. purchase, lease, or in any other
y ..rsr and TO own, hold, maintain and
.asrste or sell and dispose of irrigation
J.nts with the necessary buildings, rights,
80 numpIug stations, machinery, canals
m laterais: and plantations, farms and
Isnds generally, rice mills, paper mills, ware
souses, depots, grain elevators and other
: nd Tnnahinnru
s.rT ar expedient for the manufacture, stOr-
sse and PREPARATION for market Of rice, or
~ PRODUCTS or by-prOductS thereof, or of
INV other cereal, grain or article wherever,
Ar for the purpose Of any other business in
vhkh this company may hereafter engage;
section 2. To manufacture, buy, sell and
,,nsray deal in any or all things or arti-
- used In connection with growing, irri-
ming harvesting, warehOuSing or milling
IN. Or other cereal or grain, or the articles
usds therefrom, or by-products thereof,
with shall include bags, pockets, Irvine, or
sny article, receptacle, package or thing,
whether Of tin, wood, glass ware or other
material which may be useful in connection
| Vim the manufacture, handling or market
| hg vending or shipping Of the products or
akf merchandise, produced, handled,
Naeht or sold by this company.
Section g. To carry on the business of
sd storage and warehousing, either bonded
| Or unbonded, public or private, and all busi-
ps necessarily or implicitly incidental
thereto or commonly carried on or under
aiken by warehousemen TO issue certificates
and warrants, Negotiable or otherwise, to
ersons storing goods with this company,
md 70 make advances or loans upon the
nurity Of said goods or otherwise and gen.
snlly to qualify and do business as a public
uehSuseman under the laws of the state
louisiana and carry on and undertake
ny other business or businesses not prohib-
ted BY law to this company, which may
! hon time to time be conveniently carried
On o. be calculated, directly or Indirectly,
enhance the value Of or render profitable
uyf the company's properties or rights.
ARTICLE ".
The capital stock of this corporation,
sAkh shall be fully paid and worcestershire
wen issued, Is hereby fixed at one hundred
thousand dollars ($100, 900. 00), divided into
nd represented by one thousand $1,000
s'ars Of the par value of one hundred dol
an tslo0o0l each, which capital stock
ny Be increased or decreased by proceed
- taken In the manner provided by law.
ne STOCK OF this corporation shall be paid
cash at such times and in such
mounts and after such notice to subscribers
snay be fixed by the board of directors, or
ne sne or any part thereof may be issued
ac less than par, and delivered to any
Een. nrm or corporation In payment for
vnn privileges, franchises or other pro-
w or for labor done, services rendered,
property actually received by this corpo-
aMn This corporation shall have the
stt to begin business when three thou
~ ~ dollars l$3,000O0) Of its capital stock
va nave been subscribed.
ARTICLE V.
ne corporate powers of this corporation
% vested In and the business of same
managed by board of six directors
erected from among the stockholders.
s members Of the board of directors
wnsHufe quorum for the transac-
al business Of the company and
N vote OF any two shall prevail, ex-
herein otherwise provided said
sss vi directors shall have power to APP
agents, clerks and employees and
n a w salaries and compensation ; they
IA s ~ nave power to make, change, alter
sn,.,ssa iy all proper bylaws, rules and
Dns carrying this charter into effect
me management of the affairs of
a Ratlon. Any Of the said directors
49, tne right to delegate to any other
49, ~ writing any Of the rights and
aoyed oy him as such director.
ca ~. BOARD OF directors shall consist
L a.psans Frank A. Godchaux, Sol Wex-
5.s.ss pn blrg, ]. A Foster and w. b.
~ ~ sna tney shall hold Office until the
srr,ss 1ay IN May, 1913, or until their
q NJ snali have been elected and quail
~ ~ ooard Of directors shall annually
n ~. Sesi9ent, secretary, and a treas
~, AL OF whom must be chosen from
(Ssas..af own number. OF the first board
s II S1s herein selected, Frank Godchaux
&nss,. rsioent, w. b. COnover shall be
4 ~ snd ]. A. Foster shall be treas
u ers ney shall hold said offices until
~ ssors are elected.
ssis Az, sHst legal day in May, 1913, and
n M hhsfsaiter, an election for direc-
81 Sx ten days notice in writing shall
u ~ gwen to each stakeholder Of the
u ny ace OF holding said annual cleo
~ d hir nay be served by transmitting
y u ~ through the mails, addressed to
Nv ~ place of residence or bust
NJ Il ~ o. General Delivery, New Or
= ~, Inc voting for directors shall
10Gnss un0ef the supervision of three
k---s4rH 10 10 tod a