The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09
ARTICLE /.

The name Of this corporation shall be
wESTSIDE IMPROVEMENT COMPANY,
and under its corporate name II snail exist
and have succession for a period of ninety
nine years from date hereof, and II 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
ICED and empowered TO do and perform any
act or thing and conduct any and all bust
ness usually connected with and pertaining
20 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 II may deem use
ful and expedlent 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, mortgage, hypothecate, pledge
or otherwise cucumber, its property, real,
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. 10y pledge or hypOthecation Of pro-
perty,. or by mortgage. or other evidences of
lien placed upon its property, franchise, real,
personal and mixed or any part thereof.
Ii shall have power to elect officers and
directors, TO name and appoint its mana
gers, agents and other employees and TO fix
their compensation, and TO discharge the
same at will; TO establish and adopt such
bylaws, rules and regulations as may be
deemed expedient and proper for the con,
business, and The same to alter, amend and
abolish at pleasure: TO make and use
common or corporate seal, and the same
TO break and alter at pleasure and gener.
ally to do and perform all acts and things
requisite and necessary 10 carry out the
objects and purposes Of this corporation.
ARTICLE II.
The domicile Of this corporation shall he
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-presdent, 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 is formed and organized and the
nature OF the business TO be carried on by
Ii are declared to be To acquire reclaim,
improve and 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
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 $500, 000.00), divided into
and represented by ten thousand 100000
shares of the par value of ten $4,000 dol
lars each, to be paid for In money, or for
labor done or services rendered, or such
stock as may be issued or delivered for
lands and other property to be taken, &C
cepted and received by the corporation for
its corporate purpose sat such valuation and
upon such terms for said stock as the board |
Of directors may determine and direct from |
time to time TO be expedient. The capital |
stock OF the corporation may be increased |
or reduced by proceedings taken In the |
manner prescribed by law.