The herald., 1912-01-11
ARTICLE III.

ARTICLE III.
The objects and purposes for which this
corporation is formed and the nature of bus
mess to be carried on by Ii Is hereby de-
clared to be dealing In, acquiring, purchas-
Ing, holding, as well as selling, mortgaging,
bonding real estate In any of the forms
that may be deemed mosr advantageous for
the purpose OF carrying on this business to
hold, sell and mortgage improved and unim-
proved property, real or personal, in the
state OF Louisiana; to develop, reclaim, drain
or cultivate for the account of the company
or on a share basis any lands or property
In the state Of Louisiana (; to engage In COM
mercial enterprises such as the operation of
boarding houses, trading posts, stores, can
neries, the exploitat ton of fish and fisheries,
the operation OF railways, tramways canals
building and construction of boats and the
operation of same for navigation purposes,
the building OF roads and highways, the con-
s,trS OF Wharves, warehouses, landings,
timber, manufacture of lumber, raising of
cattle and the growing of farm products
generally; the operation of diaries and the
manufacture of dairy products: the erection
and construction of buildings by contract or
otherwise, dwelling houses theaters, parks
and places OF amusement, and In furthering
the objects and purposes of this corporation
1t shall have the right to establish branches
In and out or the state of Louisiana and In
general to do anything that may be pertinent
to or incident to the lines Of business out
ARTICLE w.
The capital stock of this corporation Is
hereby fixed at the sum OF one hundred
thousand dollars, divided into 1000 shares
OF the par value of $4,000 each, paid for
In cash or its equivalent or in labor done or
In property actually received. The corpo-
ration to be a going concern so soon as
three thousand dollars of its capital stock
shall have been subscribed and paid in. No
stockholder shall ever be held liable or re-
sponsible for the contracts, faults or de-
fault, nor shall any mere informality In this
organization have the effects of rendering
this charter null or of exposing the stock
holders to any liability beyond the unpaid
balance of Its capital stock.
ARTICLE v.
The corporate powers of this company
shall be vested in and exercised by a board
OF not less than three (3) directors, a ma
jority of which shall constitute a quorum
to transact business, and they shall elect
from their number president, vice-presldent
and secretary-treasurer. The directors
shall oe elected annually by ballot by the
on the first Tuesday of December of each
year. Each stakeholder shall be entitled
either In person or by proxy, to one vote
for. each share of stock in his name and
as may be prescribed by the board of direc-
tors, and a majority Of the votes cast shall
elect: Messrs. ]. n. Colomb, julius +. Funk
and Henry L: Favrot are declared to be the
nrst board of directors Of the said corpora
ton to serve until the first Tuesday of De-
cember, 1912, or until their successors shall
have been elected and qualified, with Julius
r: FUNK as president, J; n. Colomb as vice
treasurer. Any vacancies occurring on said
board shall be filed by the remaining direc-
tors for the unexpired term. The said board
OF directors shall make and establish, as
well as alter and amend any and all by-
laws, rules and regulations for the govern
ment of said corporation.
ARTICLE vi.
This charter may be modified, changed and
altered. and this corporation may be dis
S %svead or the said corporation may be
poratioh with the assent Of three-fourths of
the stock represented at a general meeting
Of the stockholders convened for that pur-
have been given to each OF the stockhoiders
mailed to his residence as 1t appears on the
books Of the company.
ARTICLE VII.
Whenever this corporation may be dis
solved, either by Limitation or by any other
cause, Its affairs shall be liGuidated nv
three stockholders elected as Commissioner
OF liquidation, at a general meeting Of the
stockholders to be convened for that pur-
pose, after ten days previous notice shall
nave been given to each stakeholder mailed
to his last known residence as 1t appears
on the books of the company. Said COM
missloners shall remain In Office until the
affairs Of the corporation shall have been
settled and liquidated and In case Of death
of one or more liquidators, the vacancy
shall be filed by the survivor or surviving
commissioners.
Orleans. on the day, month and year first
above written, and In the presence Of Noelie
VOORHEES, and Charles Munsted. both compet-
ent witnesses, who sign their names to-