The herald., 1912-05-30
ARTICLE I.

AM ANA@-N -
and tide OF this corporation
TIE nA INDUSTRIAL DEVELOPMENT
shsll and under said name, unless
cOe. dissolved in accordance with It's
sOonel !, sball exist and continue and shall
ebarier anioy corporate existence for a
aIe ans ninety-ninc (9JD years from and
gfod ~ 5ate of this act. II may have,
shr t Live borrow, loan, exchange, ac-
boa. .n.nrchase. sell ALLEVIATE, convey, lease,
0alsis ss pawn, hypothecaie' cucumber or
pedse nroperty of any kind, whether
nOieAsSss or mixed, corporal or incor-
raj movable or immOyable; IL may &C.
F'sALortgages, pledges or other forms OF
@pI ,.S fer money loaned or other debts /;
SCUM eontract, sue and be sued, plead or
E.5lsaded, and may MAKE, ADOPT ana use
R.orste seal; IL may name and appoint
t~iEansgers. directors. and officers as its
a1 ass ana convenience may require, and
hIf'esk and establish such bylaws for
p .-oner management and regulation OF
" Sss1rs as NAV be necessary and proper
"a generally shall possess az the powers
1s s.rjleoes which corporations are and
tna LATER be authorized TO possess under
i ss' constitution and laws of this state.
ARTICLE II.
aomicile of this corporation shall be
Is ~ rity OF New Orleans, parish of Or
stafe of Louisiana, and all citations
~ a,hsr legal process shall be served upon
y. nresident OF said corporation, or in the
M ~ N his absence upon the secretary
lsreOf. ApTrCrE III
nj. affects and purposes for which this
La,otion is organized, and the nature
@pSs business TO be carried on by II are
ss-sby declared to be as follows, namely
Ns.c,ion To construct or otherwise ac-
= INV purchase, lease, or in any other
w. a,rsr and to own, hold, maintain and
sta or sell and dispose of irrigation
Ysts with the necessary buildings, rights,
r,Ts pumping stations, machinery, canals
~ hterals; and plantations, farms and
,.,as generally, rice mills, paper mills, ware
800 depots, grain elevators and other
ss;IaInrs factories and machinery neces-
80 az expedient for the manufacture, stor-
=. and PREPARATION for market of rice, or
~ products or by-products thereof, or of
nv other cereal, grain or article wherever,
!, ar the purpose OF any other business In
ysIrS this company may hereafter engage.
Ssetion 2. To manufacture, buy, sell and
,susraIly deal In any or all things or arti-
rs ssed In connection with growing, trri-
ring. harvesting, warehousing or milling
lie or other cereal or grain, or the articles
rs6 therefrom, or by-pr0ducts thereof,
vhkh shall include bags, pockets, Irvine, or
ssy article, receptacle, package or thing,
vbstber Of tin, wood, glass ware or other
naterisl which may be useful In connection
vth the manufacture, handling or market
ls vending or shipping Of the products cs,o or
karht or sold by this company.
Seciion 3. To carry on the business OF
odd storage and warehouSing, either bonded
o. unbonded, public or private, and all busi-
pes necessarily or implicitly incidental
Aereto or commonly carried on or under
uken by warehousemen to issue certificates
md warrants, negotiable or otherwise, to
efons storing goods with this company,
md TO make advances or loans upon the
ecurky Of said goods or otherwise and gen.
snly 10 qualify and do business as public
ureAouseman under the laws Of the state
4 Louisiana and carry on and undertake
ny other business or businesses not prohib-
led BY law to this company, which may
hon time 70 time be conveniently carried
a. or be calculated, directly or Indirectly,
enhance the value of or render profitable
~ Of the company's properties or rights.
ARTICLE ".
The capital stock Of this corporation,
witch shall be fully paid and worcestershire
wen Issued, Is hereby fixed at one hundred
thousand dollars (s100, 00O.0 0), divided into
md represented by one thousand u,00O)
sare Of the par value of one hundred dol
u tsl00005 each, which capital stock
uy be increased or decreased by proceed
10 taken in the manner provided by law.
Tie stock Of this corporation shall be paid
iw IN cash at such times and in such
mounts and after such notice TO subscribers
may be fixed by the board Of directors, or
e aine or any part thereof may be issued
M not less than par, and delivered to any
person. nrm or corporation in payment for
rsttS privileges, franchises or other pro-
kry, or for labor done, services rendered,
property actually received by this corpo-
Ion, hal kax Yha
pt 10 begin business when three thou
sna dollars (S3,000.00) Of its capital stock
val have been subscribed.
ARTICLE V.
The corporate powers of this corporation
val Be vested In and the business of same
~ Dc managed by board of six directors
e elected from among the stockholders.
aLse members OF the board of directors
al constitute a quorum for the transac-
Ma o. all business of the company and a
WHY vote OF any two shall prevail, ex-
- as herein otherwise provided; said
80 o. directors shall have power to APP
Sls All agents, clerks and employees and
~. = aer salaries and compensation they
-. ~ aso nave power to make, change, alter
G modify all proper bylaws, rules and
y, carrying this charter into effect
~ lof the management of the affairs of
an wlporation. Any of the said directors
S LA naye the right to delegate to any other
sss. @r N writing any of the rights and
n enjoyed by him as such director.
AZ INST board Of directors shall consist
Aapian, Frank A. Godchaux, Sol Wex-
Joseph Brig ]. A. Foster and w. b.
~ and they shall hold office until the
- xEai DAY in May, 1913, or until their
~ s ~ shall have been elected and quail
80 ne BOARD or directors shall annually
~ PRESIDENT, secretary, and treas
~. al
say tneir own number. or the first board
49, 'ors herein selected, Frank Godchaux
sr,...w president, W. 3. COnover shall be
NJ and ]. A. Foster shall be treas
A., sna rhey shall hold said offices until
~ successors are elected.
css.n NC nrst legal day In May, 1913, and
hs AN hereafter, an election for direc-
~, al oe he'd at the Office of the COM
krs h LEI ten days notice in writing shall
IN 80 80 gwen TO each stakeholder of the
On -, ~ place Of holding said annual cleo
nm - A IN may be served by transmitting
y ~ m through the mails, addressed TO
M q anown place of residence or bust
sos care OF General Delivery, New Or
kh AZ. uhe voting for directors shall
0nn,ssioe under the supervision Of three
frss.eners 10 be appointed by the board
q b ns, and each stakeholder in person
nif a. roA shall be entitled to cast one
al hs,,e sen snare owned by him, which
nn,s,,ee oeen standing In his name on the
b * ~. BOOKS for at least ten days prior
az asss se OF said election. A failure from
tr,im !. whatsoever to hold said annual
4pn ~ meeting or to elect directors or
dsohe - 49, me date above specified, shall not
nj oissa.aa NE corporation but the directors
Q tA,is =. then In Office shall hold over IN
~ ous,,s e usscessors shall have been elected
t.fi ~ s,u and II shall be the duty of the
~ y, directors. within ten days, TO con-
= purposs !, meeting Of stockholders for
exhs 80 Oh electing directors, of which
en- s,ics.en stockholder shall have three
lhpnid notice In writing, by mail, as
y cpnn.s issued to him by the secretary of
= Ma ra A failure to elect directors
y eo,,os eting shall likewise not dissolve
- III eestlon; but the incumbent direc-
~ Srsascers shall remain in office until
~ spnsssors are elected at the next en-
~ a ~ erection and have qualified. In