The herald., 1912-03-28

1
IN the city of New Orleans State of Lou.
lslana, and all citations and other legal pro
cess sha II be served on the president and
IN ms absence on the vice-president of said
COtporatlOn In case of the absence or ina
billy of both of said officers then said pro-
cess snail be served on the secretary
said corporation shall have the right and
power 10 establish and maintain offices
cnnDtSinS nrDtshou' the United States 9hd foreign
ARTICLE Ill.
The objects and purposes for which this
corporation Is organized, and the nature of
the business to be carried on by il are
hereby declared to be to buy, SELL anu deal
IN, Tor It's own account, or for the account
Vi any indIvld9al, firm or corporation, real
estate, mineral, timber and agricultural
lands, tenements, mortgages mort gage notes
DOnds, shares OF stock and other securities
10 lend money on property. real personal
or mixed 10 make leases as lessor or les
10 act as broker, agent or trustee for
individuals, firms or corporations to guar.
antee titles to land and other real estate
10 reclaim, improve and develop real estate
OF all kinds to lay out and embellish town
lols OF SUBURBS; pave streets, banquettes
ana alleys; to construct and erect, or Ia
contract for the construction and erection
OF Duildlngs; and generally to do and on.
sase in any other business, undertaking or
enterprise connected with, growing out OF
Sermane or incidental to any of the object 8
ana purposes heerinabOve set forth or con
templated by this charter.
ARTICLE ".
Inc capital stock of this corporation Is
nereDy nxed at the sum of five thousand
ISSo,ooo'oo) dollars, divided into fifty (JOI
s@naTes @ OF the par value of one hundred
tSlOo.oo) dollars each. which shall be maid
Tor In cash, on such terms and conditions
as may be decided by the board Of directors
oronn Or may DE issued for not less than par for
nr apx-fan
rendered 10 said corporation All shares az
STOCK shall be full paid and non-assessahIe
no transfer of stock shall be binding unon
and one Vonrporation unless made upon its books,
an anu al cerIincates of stock shall be signed
py Such offlcers as may be determined Inv
the board of directors. '''
ARTICLE V.
All the corporate powers of this comnanv
snail he vested in, and the mana cement and
control OF its affairs shall be exercised bv
a board of directors composed Of throo
stockholders, which number NAV he in.
creased 10 no more than five at the discre
tion or the board of directors. n ma inrity
~ ~, WHO'LL shaii constitute quorum for the
transaction OF all business Said directors
except the first board OF directors who shall
serve Tor a period of three years. or until
october, 1915, shall be elected every wear
p On .ne hrst Monday Of October Each stock
holder shall be entitled In person or nv
written proxy TO one vote on every sha ~
or stock owned by him and standing in biS
hdme on the books of the company All
eectlons shall be held under such rules and
Ieguiations as may be determined by the
1oar1 on directors, and after at least ten
Hays notice In writing of such election shall
nave Deen given TO each stakeholder at his
@ las' khoWh address. or by publication in
one vi the daily newspapers for at least
zen Gays preceding such election. The direc
lots tnus elected shall continue in Office for
one year texcept the first board of direc
tors, which shall serve until the election 10
Oe held In October, 1915 as hereinahove
stated or until their successors shall have
been duly elected and qualified. No fail
ure to elect shall be regarded as a forros
ture OF this charter. ANY vacancy occnr.
ring on said board of directors shall no
nIfed by the remaining directors for the
unexplred term. The said board of direc
tors snail likewise elect the additional meno
Oers IN case they should determine TO In. |
crease the number of the board Of directors |
IS ABOVE provided. Said board of directors
snail, at Its first meeting after its election. |
eject from among It's number a president |
one or more vlce-presidents secretary and
treasurer. 1t may combine the two last
mentioned offices, and may even elect a sec. |
retary, VINO need not be a stockhOider. Said
Doaru OF directors shall have the right and
power TO appoint and dismiss such clerks.
managers and other employees of the cor.
,oratlon, including the secretary. who Is not |
stockholder, as conditions NAV iustifv
'r the business Of the corporation NAV re-
luire: The tenure Of ONCE OF all EMPLOYEES
y this corporation shall be during the
pleasure OF the board of directors.