The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-07
ARTICLE v.

The capital stock OF this corporation is
hereby fixed at the sum Of one hundred and
fifty thousand CSl5O.OOO. OOD dollars. divid-
ed into and represented by 1900 shares at
the par value OF one hundred (S100.00C 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 NAV be
issued by said board OF directors at not less
than par in payment OF labor done or pro-
perry actually received by said corpora
ton.
This corporation shall commence business
and be going concern as soon as five thou
sand $1,000 .00l 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 be-
yond the unpaid balance due on the share.
owned by him.
ARTICLE VII.
This act Of Incorporation NAV be changed
modified or altered, or this corporation may
be dissolved with the assent OF its stock
holders owning three fourths (3-4) OF the
represented by written proxy, at a general
meeting convened for that purpose and after
at least ten (1Ol days notice in writing
shall have been given through mail to each
stakeholder 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 llquldators from
among their number to settle and wind up
the affairs and business OF this corporation.
In case Of the death or disability Of any
one OF said liquidators. the survivors shall
M int -Nau l.AII
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 may also
serve as the original subscription list.
Thus done and passed in my notarial Of
flee In the city OF New Orleans, louisiana
in the presence Of NJ Captain and F. Gil
thorpe, competent witnesses OF lawful age
residing in this city, who hereunto subscribe
their names, together with the said parties
and me- notary, on the day and date set
forth in the caption hereof
(Namesl Edward wisner. (10) ten
shares; W. r. Termination, (1Ol ten shares
Graves, Q0) ten shares; P. G. Dusenbury,
l1Ol ten shares. (Witnesses) 4: NJ. Captain,
f. Gilthorpe.
ARTHUR B. LEOPOLD.
(SeaD Notary Public
/, the undersigned recorder of mortgages
In and for the parish Of Orleans. state of
Louisiana, do hereby certify that the above
and foregoing cot OF Incorporation OF the
Louisiana Meadows Reclamation Company
was this day duly recorded in my office, in
book 1851, folio -
New Orleans. January 3Oth. 1912.
(Signed) EMILE LEONARD.
Deputy Recorder.
! hereby certify that the above and fore
going is a true and correct copy OF the orig
inal act Of Incorporation Of the Louisiana
Meadows Reclamation Company, together
with the certificate OF the recorder OF mort
cages on file and OF record in my Office
In faith whereof. have hereuntO set nv
hand and seal this Both day OF January,
A. d. 1912.
ARTHUR B. LEOPOLD,
(SeaD Notary Public.
feb l s Is 90 30 mch Z 1912