The herald., 1912-02-08
ARTICLE V.

The capital stock Of this corporation is
hereby fixed at the sum OF one hundred and
| fifty thousand $3.50, 600. OO) dollars. diyId-
ed into and represented by 1,5OO shares at
the par value of one hundred $4,000 dol
lars.
Said stock shall be paid for in INSTALL
ments OF such amounts and at 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 pro-
perty actually received by said corpora
This corporation shall commence business
ana be going concern as soon as five thou
sand (s5,O00.0O) dollars of its capital stock
shall have been subscribed for and this
charter signed and executed by the incorpo-
rators.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts OF this corporation, nor shall any
mere informality In organization have the
effect of rendering this charter void or OF
exposing a stakeholder to any liability he
yond the unpaid balance due on the shares
owned by him.
ARTICLE VII
This act Of Incorporation NAV be changed
modified or altered, or this corporation NAV
be dissolved with the assent of its stock
holders owning three fourths (3-4) of the
capital stock OF the corporation present, or
represented by written proxy, at a general
meeting convened for that purpose and after
AT least ten (1O) days notice in writing
shall have been given through mail to each
stockholder at his last known place of resi-
dence. In case of dissolution by the expira
ton Of this charter or otherwise, the stock
holders shall elect three liauidators from
among their number to settle and wind up
the anairs and business of this corporation.
In case of the death or disability of any
one or said liquidators. the survivors shall
appoint a stockholder as successor to him.
The capital stock may be increased or de-
creased IN the manner now or hereafter
prescribed by law
The subscribers hereto have each written
opposite their names the number of shares |
subscribed for. so that this act NAV also
serve as the original subscription list
. Thus done and passed in my notarial Of |
nee In the city of New Orleans Ionisiana |
~ me presence OF NJ. Captain and E. Gil |
thorpe, competent witnesses of lawful age |
residing in this city. who hereunto subscribe |
their names, together with the said parties
md me, notary, on the day and date set
'orth In the caption hereof
(Names): Edward Wisner. a1O) ten
shares W. II. Pennington, (1Oj ten shares
L. Dusenbury. (10) ten shares; A. II
raves, 10) ten shares; p G. Dusenbury.
lo1 ten shares. (Witnesses) : NJ. Captain,
(seaD SotarD Pubic
l, the undersigned recorder of mortgages
louisiana, do hereby certify that the above
nd foregoing act of Incorporation of the
Iouisiana Meadows Reclamation Company
Ias t mis- day duly recorded in my Office. in
New Orleans, January 30th, 1912.
tSigned) EMILE LEONARD.
Deputy Recorder.
! hereby certify that the above and fore
DING Is true and correct copy of the orig
nal act of Incorporation of the Louisiana
leadows Reclamation Company, together
18th the certificate OF the recorder of mort
ages on fle and of record in my Office
In faith whereof, / have hereunto set nv
and and seal this Both day of January. q
. d. 1912.
ARTHUR B. LEOPOLD,
(Seal) Not0rv Pubic
b 1 Is % % inch 1912 IN