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

The name OF this corporation shall be
WESTSIDE IMPROVEMENT COMPANY,
and under Its corporate name 1t shall exist
and have succession for period of ninety
nine years from date hereof, and 1t shall
have and exercise for the purposes Of its
business all the powers, rights and privi-
leges conferred by law on similar corpora
lions and Ii shall be and Is further author
lied and empowered to do and perform any
act or thing and conduct any and all bust
ness usually connected with and pertaining
to the affairs and business set forth in
Article III of this charter and which Is not
specially prohibited by law.
1t shall have power and authority to
hold, own, receive, purchase and lawfully
lease, rental or in any other lawful manner
the title and ownership to all property, real
personal and mixed, which 1t may deem use
ful and expedient to hold, use and employ
for or in connection with the exercise and
use of Its corporate rights, powers and pur-
poses, and likewise with full power and au-
thority to ALLEVIATE, dispose of, lease, rent
SELL convey mO Orn hEPotnesatef pledge
PERSONAL or mixed or any part thereof
1t shall have power to borrow money, and
to Issue notes, bonds, and other evidences
of Indebtedness from time to time, and to
secure the payment OF the same or any part
thereof, by pledge or hypothecation of pro-
perry, or by mortgage, or other evidences OF
lien placed upon It's property, franchise, real,
personal and mixed or any part thereof.
1t shall have power to elect officers and
directors, TO name and appoint its mana
gers, agents and other employees, and to fix
same at will to establish and adopt such
bylaws, rules and regulations as may be
deemed expedient and proper for the con-
duct and management Of Its property and
abolish at pleasure; TO make and use a
common or corporate seal, and the same
10 break and alter at pleasure, and gener-
kally TO do and perform all acts and things
requisite and necessary to carry out the
/0bjects and purposes Of this corporation.
ARTICLE II.
The domicile Of this corporation shall be
In the city OF New Orleans, state Of Louisi-
ana, and all citations and other legal pro-
cess shall be served on the president. and in
his absence on the vice-president, and in the
absence OF both OF said officers on the Sec
rotary OF this corporation.
ARTICLE III.
The objects and purposes for which this
corporation as Is formed 1 and ORGANIZED and the
1t are declared to be: To acquire, reclaim,
Improve AID cultivate landed property; also
to acquire by purchase or lease. operate,
sell and otherwise dispose of any and every
species Of property real and personal, neces-
sary or convenient to be so acquired and
used In order to more effectually carry out
the main design of the organization Of the
company.
ARTICLE ".
The capital stock Of this corporation IS
hereby fixed at the sum of one hundred
thousand dollars (s100, 0OO.00), divided into
and represented by ten thousand (10,OOO)
shares Of the par value Of ten (s10.00) dol |
'ars each, to be paid for In money or for |
abor done or services rendered. or such |
stock as may be issued or delivered for |
ands and other property to be taken, ac-
epted and received by the corporation for
Is corporate purpose sat such valuation and
Ipon such terms for said stock as the board
Z directors may determine and direct from
line TO time to be expedient. The capital
took of the corporation may be increased
r reduced by proceedings taken In the
tanner prescribed by law.