The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-04
ARTICLE III,

The objects and purposes for which this
corporation Is formed and the nature of bus
mess to be carried on by IL 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
tnat may be deemed most 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 share basis any lands or property
In the state of Louisiana: TO enga 90 in com
mercial enterprises such as the Operation of
boarding houses, trading posts, stores can
nerles, the exploitation of fish and fisheries
tne 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,
structlon or wharves warehouses landings
PIERS ana station houses, the exploitation of
cattle and the growing Of farm products
generally; the operation of dairies and the
manufacture of dairy products the erection
ana construction of buildings by contract or
otherwise, dwelling houses, theaters, parks
and places of amusement, and In flrthering
the objects and purposes of this corporation
IL snail have the right to establish branches
IN ana out or the state of Louisiana and I'm
general to do anything that may be pertinent
TO or incident to the lines of business out
Iined and set forth in this article.
ARTICLE ".
The capital stock of this corporation is
hereby nxed 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 |
N property actually received. The corpo- |
three thousand dollars of its capital stock
shall have been subscribed and paid in. No |
stakeholder shall ever be held liable or re- |
;;ponsible for the contracts, faults or de-
shall ma info
organization have the effects of rendering
his charter null or of exposing the stock.
holders to any liability beyond the unpaid
balance or its capital stock.
ARTICLE V.
The corporate powers of this company
hall be vested in and exercised by a board
II not less than three 90 directors, a ma
GRITTY OF which shall constitute a Quorum
o transact business, and they shall elect
rom their number president, vice-presdent
md secretary-treasurer The directors
hall be elected annually by ballot, by the
tockholders, at the Office Of the company |
N the first Tuesday of December of each
ear. Each stakeholder shall be entitled
ither In person or by proxy, to one vote
or each share of stock in his name and
uch election shall be held under such rules
IS may be prescribed by the board of direc-
ors, and a majority Of the votes cast shall |,
lect; Messrs. ]. n. Colomb, Julius +. Funk
md Henry L. Favrot are declared to be the
lrst board OF directors of the said corpora
ion to serve until the first Tuesday of De-
ember, 1912, or until their successors shall
ave been elected and qualified with Julius
:. Funk as president, J. n. Colomb as vice
resident, and II. L. FavrOt as secretary
reasurer. Any vacancies occurring on said
'oard shall be filed by the remaining direc-
ors for the unexpired term. The said board
4 directors shall make and establish, as
vel as alter and amend any and all by
avs, rules and regulations for the govern
nent OF said corporation.
ARTICLE VI.
This charter may be modified, changed and
ltered, and this corporation NAV be dis
Owed, or the said corporation NAV be
Merged or consolidated with any other cor
GRAFTON with the assent of three fourths of
ne stock represented at a general meeting
the stockholders convened for that pur.
ose after ten days previous notice shall
ave been given to each of the stockholders
nailed TO his residence as 1t appears on the
ooks or the company.
ARTICLE VII
Whenever this corporation NAV be dis !
Dlved, either by limitation or by any other
ause, its affairs shall be liquidated by s
1ree stockholders elected as commissioners
I liquidation, at a general meeting of the 5
[ockhoIders to be convened for that pur- |
ose. after ten days previous notice shall !
ave been given 10 each stakeholder mailed {
q the books of the company. Said COM 9
issioners shall remain In Office until the q
1alrs or the corporation shall have been
titled and liquidated and In case OF death I
one or more liquidators, the vacancy
iall be filled by the survivor or surviving
Thus done and passed In my office at New
rIeans. on the day. month and year first s
,ove written. and In the presence of Noelie a
oorhies and Charles Munsted. both compet- e
II witnesses, who sign their names to- /