The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-22
ARTICLE v.

The capital stock of this corporation is
hereby fixed at the sum of one hundred and
fifty thousand (S15O.000.0O) dollars, dvid-
ed into and represented by 1,5O0 shares at
the par value OF one hundred (S100.00) dol
lars.
Said stock shall be paid for in INSTALL
ments OF such amounts and at such times
as the board of directors may determine
issued by said board Of directors at not less
than par in payment of labor done or pro-
perty actually received by said corpora
ton.
This corporation shall commence business
and be going concern as soon as five thou
sand (S5,O00.00) dollars of its capital stock
shall have been subscribed for and this
charter signed and executed by the incorpo-
rators.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor shall any
mere informality In organization have the
effect OF rendering this charter void or of
yond the unpaid balance due on the shares
owned by him.
ARTICLE VII.
This act Of Incorporation may be changed,
modified or altered or this corporation NAV
be dissolved with the assent of its stock
holders owning three-fourths (3-4) Of the
represented by written proxy, at a general
meeting convened for that purpose and after
at least ten 1Ol days notice in writing
shall have been given through mail to each
stockholder at his last known place OF resi-
dence. In case OF dissolution by the expira-
ton or this charter or otherwise. the stock
holders shall elect three liquidators from
among their number to settle and wind up
the affairs and business of this corporation.
In case of the Death or disability of anv
one OF said liquidators, the survivors shall
appoint stakeholder as successor to him.
The capital stock may be increased or de-
creased In the manner now or hereafter
prescribed by law
The subscribers hereto have each written
opposite their names the number Of shares
subscribed for, so that this act nay also
serve as the original subscription list
Thus done and passed in my notarial Of
hce in the city Of New Orleans, Louisiana.
In the presence Of VI. Captain and r. GIL
thorpe. competent witnesses Of lawful age.
residing In this city. who hereunto subscribe
their names, together with the said parties
and me, notary, ON the day and date set
Names: EDWARD Wisner, uN ten
shares; W. r. Pennington. (1O) ten shares !:
A. L. Dusenbrry, (10) ten shares A. b.
Graves, (10) ten shares; p. G. Dusenbury
z. Gilthorpe.
ARTHUR B. LEOPOLD,
tSeai Notary Public
], tie undersigned recorder of mortgages
In ard Tor the parish of Orleans state Of
Louisiana, do hereby certify that the above
ana foregoing act OF Incorporation of the
Louisiana Meadows Reclamation Company
was th1s day duly recorded in my Office, in
New Orleans, January 30th. 1912.
(Signed) EMILE LEONARD
Deputy Recorder
i hereby certify that the above and fore
going Is true and correct copy of the orig
inal act OF Incorporation OF the Louisiana
Meadows Reclamation Company together
with the certificate OF the recorder of mort
cages on file and of record in my Office.
In faith whereof, / have hereunto set nv
hand and seal this Both day Of January,
A. D. 1912.
ARTHUR B. LEOPOLD,
(SeaD Noforp Prbiic
feb Is % % inch 1912