The herald., 1912-05-16
ARTICLE III.

ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature OF
the business to be carried on by it are here
by declared to be-
To purchase or otherwise acquire. erect
construct equip, improve, extend, work. de
velop, operate. maintain, own, repair, con
troll, sell, lease or otherwise dispose OF
water-rights, reservoirs, dams, canals, tun
nels, bitches. fumes, drainage systems, con
trolling works, power plants and irrigation
works or plants, of whatsoever kind or ma
ture, for the purpose of irrigating lands, re
claiming submerged lands or storing waters
and the draining and conveying of waters
from one place or places to another place OF
places.
To purchase, lease or otherwise acquire
erect, equip, improve, extend work, develop
operate, maintain, own, repair, control, sell
lease, or otherwise dispose of water-rights,
reservoirs, dams, canals, tunnels, bitches,
fumes, drainage systems, controlling works
power plants, or plants of whatsoever kind
or nature, for the purpose of purchasing
leasing or otherwise acquiring, and selling
leasing, or otherwise disposng of power
light, heat, or energy In whatsoever form
or nature, and the exercise of the customary
and necessary powers incident thereto.
To acquire by purchase or otherwise, own
hold, buy, sell. convey, lease, mortgage OF
cucumber real estate or other property, per
sonal or mixed, and to survey, subdivide
plat, improve and develop irrigated, sub
merged and other lands for purposes OF sale
or otherwise, and to do and perform al
things needful and lawful for the develop
ment and improvement of the same for agri
cultural, planting, cattle raising, residence
trade and business.
To purchase. or otherwise acquire, and "a
hold, own or control receive, store, convey
deliver, SELL lease or otherwise dispose OF
water, Ice or moisture In any form, OF
rights of any nature in and to water OF
the usage thereof.
Generally TO carry on or undertake any
other business Of the same general nature
which from time to time seems 10 the di
rectors OF this corporation capable of being
conveniently carried on in connection with
the above objects, or calculated directly oil
indirectly to render valuable or enhance the
value of any OF the cOmpany's privileges oil
rights. and which is lawful in Louisiana
for corporation so organized.
ARTICLE III.
The capital stock OF this corporation !:
hereby fixed at the sum Of one hundred anC
fifty thousand dollars (S1J00O0OO), divided
into and represented by fifteen hundred
(1j00) shares Of the par value OF one hun
dred dollars (S100).
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 b'
issued by said Board Of Directors at moi
less than par, in payment of labor done OF
property actually received by said corpora
tiOn.
This corporation shall commence business
and be going concern as soon as one hun
dred shares Of its capital stock shall have
been subscribed for, and this charter signed
and executed by the incOrporatOrs.
ARTICLE ".
All the corporate powers Of this corpor
| alton shall be vested in and exercised by
board of five 90 directors, to be compose,
| OF stockholders. three 90 Of whom shal
constitute a quorum for transacting all bust
| ness The Board Of Directors shall be veste,
| with full power and authority TO make al
| contracts, purchases and sales, and adop
| all bylaws rules and regulations for tn
| government of the business and affairs o
the company, and alter, amend and chang
the same at pleasure appoint, hire and dis
| charge all officers. agents and employees
! fix all salaries, and generally do and pei
| form all things necessary In the transaC
| ton OF the business and affairs OF the CON
| pany. ANY vacancy occurring in said boar
| shall be filled by the remaining directors /
| the manner provided for in the bylaws. Tn
| first Board of Directors of this corporatlo
4 shall consist of Samuel A Webster, A.
4 Dusenbury and A. B. Graves. with the sal
4 Samuel A. Webster as president, A. ]