The herald., 1912-11-14
ARTICLE II.

parish 81 Ascension, state ~ Louisiana, 10
Belle Helene Sugar Refinery ia the same
parish 10 extend the said line Of railway
hy constructing branches or otherwise iH any
direction beyond either % said points, %.
construct or otherwise acquire and own,
maintain and operate such branch lines In
connection with said main line IL the board
II directors may deem rNpcdirut - acquire
by appropriation or othrrwI>" all rights of
way or other land necessary FOR lis tracks.
drpptS. yards, ruund-houSc~ siinfrurA~.
spurs, etc. AMI in connection with said
main line, whether extended cor not. tu Ir-
quire or construct all necessary spurs, side
tracks. switches. turn outs, water tanks.
coal sheds. yards, stations. round houses.
shops. Warehouses, platforms elevators cane
huiStS, oil tanks. ferries, bridges, rolling
stock and an other adiunrt~ and appgricn
ances necessary, proper or convenient for
the operation of said main line or branch
lines of railway and the traffic thereon,
either by steam, electric or other motive
power aS the board Of directors may dr"m
pNpedirnt 10 lease or sell IFS line u'
railway in whole or in part. To other com
panie> To lease railways from other com
pani"S or individuals In whole or Iu part .
to acquire and own the stocks, bonds and
securities Of other railway corporations. To-
construct, or otherwise acquire and own and
operate warehouses; 10 establish telegraph
and telephone lines and Own operate sell
or lease the same To establish electric
plants, generate electricity and distribute
same for hire for lighting. heating and
power purposes To construct or otherwise
acquire, own, maintain and Operate steam
ships. STEAMBOATS,. canal boats or uIrEcs and
ferry boats To develop generally the IEri-
cultural and manufacturing interests of the
stat" Of Louisiana and generally 10 have
such incidental powers and privileges and
10 10 Sucn things as relate To- the objects
and purposes herein st forth, as may Doe
necessary. useful or convenient Tor en-cting
said objects and purposes.
ARICLE III
The plpifpl stock pf This porp,ratitu l..
hereby declared 10 be the sum ~ one hun
bred thousand dollars $500, 600. ZOO divided
into and represented by one thousand shares
Of the par value OF one hundred dollars
each.
This corporation shall have the right to
begin its operations as a going concern at
once, fifty shares OF Its capital stock having
been subscribed for. Said stock shall be
paid for in cash or its equivalent and all
shares Of stock shall be full paid and non
asseSSable. Transfers Of stock shall not be-
binding upon said company unless recorded
upon its books. The business and affairs Of
this corporation shall Dee managed and CON
Quoted by a board OF three directors. The
first board Of directors shall consist OF
George W. Reese, Il. 4. Webb and +. L.
Brady. who shall hold office until the fourth
Monday in October, 1913, or until their sue
ceSSOrs shall have been elected and quail
fed. The board Of directors Immediately
upon their election annually shall meet and
elect from their own number a president, a
vice president, a secretary and Il treasurer.
The Offices Of vice president and secretary
or vice-president and treasurer or secretary
and treasurer may be held by the same indi.
vidual. Until the fourth Monday of OctO-
Der, 1913, or until their successors are duly
elected and qualified, George W. Reese shall
be president. Il. A. Webb shall be vice-pres-
ident and L. 7. Brady shall be secretary
and treasurer. On the fourth Monday OF
October, 1913. and annually thereafter an
election for directors and Immediately there
after an election for Officers shall be held al
the Office of the company after ten days no
tice OF such meeting shall have been given
In writing to each stakeholder of the tim,
and place Of holding said annual election
which may be served by transmitting same
TO said stockholders through the mails, ad
dressed respectively to their last known
place of residence or business.
The voting shall be by ballot and eacl
stakeholder shall be entitled to cast one
vote for each share owned by him, which
shall be standing in his name on the book
of the company for at least ten days prior I,
the date of said election. Failure from am
cause whatsoever to hold said election o
meeting, or to elect directors or officers
shall not dissolve the corporation. but tn,
directors and officers then in Office shall
hold over until their successors shall havt
been elected and qualified. In case any oil
rector or officer should die or resign befOr
the end of his term Of Office, the vacanc.
may be filed by the remaining directors b,
the election of a stakeholder in his place
who shall act until his successor shall havt
btth CltNNtu a lhC htAb ChSuihS uhu titN
ARTICLE ".
Two members of the board OF director
shall constitute a quorum for the transaC
ton of all business Of the company, and
majority vote at any meeting shall prevail
Said board of directors shall have power L
appoint one or more managers TO whom the!
may delegate the conduct of the Ordinar,
business and affairs of the company, undo
the supervision of said board. Said boar
of directors shall have power TO appoint al
agents, clerks and employees and fix thei
salaries and compensation, or may delegat
said authority TO the manager or managers
They shall have power to make, change, al
ter or modify all proper bylaws, rules an
regulations for carrying this charter int,
effect and for managing the affairs OF tn
corporation.
ARTICLE V.
Except as to the Increase or decrease o
the capital stock, this act OF incorporation
may be changed, modified or altered or tn
said corporation may be dissolved at a meet
ing Of the stockholders called specially 70
that purpose after ten days notice OF tn
time and place of holding such meeting shal
have been directed to each stakeholder II
the manner prescribed by Article " OF thi
act.
ARTICLE VI.
No action Of stockholders at any meeting
shall be valid or binding unless stOckhOld
ers holding or representing a majority o
the capital stock shall be present or repre-
sented by written proxy and 1t shall re
quire a vote OF at least two-thirds OF tn,
stock so present or represented to amen'
the charter or dissolve the corporation. A
to any other action by the stakeholder
meeting a majority vote OF the stock presen
and represented shall control.
ARTICLE VII.
Upon the termination OF this charter b.
limitation, or upon the dissolution Of tn
J corporation as herein provided for, it's busi
ness and affairs shall be liquidated by thre
commissioners selected from among tn
stockholders at a general meeting called 70
that purpose, after the notice required b
Article " of this act. In case of the deaf
Of any liquidating commissioner during IN
, term OF his duties as such, the remainin
commissioners shall elect a successor frOI
among the stockholders.
ARTICLE VIII.
The president OF this corporation Is here
by designated as the officer upon whom sci
vice Of citation or other legal process shaI
be made In the absence of the presiden
said service shall be made upon the vic,
president and in the absence Of both officer
upon the secretary.
!, ARTICLE TX.
No stakeholder shall be liable or In an
manner responsible for the contracts Q
faults OF this corporation beyond any III
paid balance that may be due on the share
Of stock owned by him nor shall any mer
~lnformality In this act have the effect {
rendering this charter null or expOsin
stockholders to liability beyond the amour
Of their stock.