The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-10
ARTIEIE i

ARTICLE I.
The name Of this corporation snaiI De
.The Jefferson Shell Contracting com.
MANY" and under its corporate name II Shaii
exist and have succession for period OF
ninety-nine 800 years from date hereof
and ii shall have and exercise LOT 'ne Pul
nose of its business, all the powers, rlSn'S,
and privileges conferred by law on slinllar
corporationS and ii shall be ana IL Is lur,
ther authorized and empowered 10 40 anu
perform any act or thlnS anu Sonu a' al, al
and all business usually connected WIN
and pertaining 10 the affairs ana business as
set forth in Article Ill of this charter, which
is not specially prohibited by law
II shall have power and authority 10 hoIu'
own. receive and purchase and lawfully ac-
Uuire by deeds of conveyance, contract
lease. rental or in any other lawful manner
the title and ownership TO an properly,
real personal and mixed, and likewise WIN
fun power and authority to ALLEVIATE, dls
nose Of lease rent, sell, convey, mortgage,
hvpothecate, pledge or otherwise cucumber,
its franchises and property, real personal
and mixed or any part thereon.
II shall have power TO borrow money, ana
TO issue notes. bonds and other evidences OF
indebtedness from time TO time, ana 10 Sc
cure the payment of the same or any part
thereof by pledge, hypothecation or prop
ertv or by mortgage or other evidence OF
lien placed upon its franchises and property,
real personal and mixed, or any part there-
of.
II shall have power to elect officers and
directors to name and appoint IFS managers
agents and other employees. ana 10 TX thelr
compensation and TO discharge the same AT
will: TO establish and adopt Sucn bylaws
rules and regulations as may be deeemd eX-
pedient and proper for the conduct ana
management of its property and business,
and the same to alter, amend and abolish
at pleasure: to make and use common or
corporate seal and the same to break ana
alter at pleasure, and generally 10 30 ana
perform all acts and things requisite and
necessary to carry out the objects ana pur-
poses 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, ana
in his absence, on the Vice President, and
in the absence OF both officers on the sec
rotary OF this corporation.
ARTICLE III.
The objects and purposes for which this
corporation is organized ana the nature OF
| the business to be carried on by it are
| hereby declared 10 be:
1St To purchase, rent and build operate
| and sell and lease for operation, dltchlng
| machinery, dredges, barges, towbOats and
water craft of any kind or nature.
2nd. To enter into contract with indi-
viduaS, firms or corporations for the con-
structiOn of such canals, levees. roads,
bridges, bitches, dams, pumping plants and
|
| nient in connection with the reclamation OF
property owned or controlled by such ind-
viduals, firms or corporations.
Bird. To acquire. reclaim, improve and
| cultivate landed property.
4th. To acquire by purchase or lease,
| operate. sell or otherwise dispose OF in and
every species OF property, real and personal.
| necessary or convenient to be so acquired
| and used.
5th. To do a general contracting business
| in the purchase and acquisition, lease and
4 hill atA al Nhnr
materials of a similar character and to hold
and exercise all such incidental powers and
| privileges as relate TO the business and pur-
| poses herein above set forth, or that may
| hereafter be conveyed by law upon this COM
| pany or companies of similar characse";
and to do in and all things necessary and
properly to carry out the business Of this
| corporation as herein set out without further
authorization from the shareholders.
| ARTICLE ".
The capital stock of this corporation is
| hereby fixed at and declared TO be the sum
| Of fifty thousand dollars CSJ0OOOl, to BE
represented by five hundred 5000 shares of
one hundred dollars each.
The company shall commence business and
become a going concern as soon as thirty
one $50 or more shares have been sub
scribed.
The shares of the capital stock of this
corporation shall be paid for in money. or
for labor done or services rendered, or such
shares as may be issued or delivered and
for other property rights and franchises 10
be taken, accepted and received by the cor
pOratiOn for its corporate purposes, at such
valuation and upon such terms for said
shares as the board of directors may deter
mine and direct from time to time TO be eX
pedient. The capital stock OF the corpora
tiOn may be increased or reduced by p"O-
ceedings taken in the manner prescribed by
law.
The shares Of the capital stock Of this
corporation may be issued for money, for
labor done or services rendered, or for
other property rights and franchises, which
may be thus paid for or exchanged and made
over 10 the company. The valuation Of any
and all rights, contracts, labor or services,
and property movable, immOvable and mixed
corporal or incOrporeal, accepted and re-
| ceiyed by the corporation for Its corporate
purposes in payment, exchange or other
wise, for any of the shares of capital stock
of this corporation and fixed by the board
of directors upon such terms and conditions
for the issuance OF such shares OF stock
shall be conclusive evidence OF such valua-
ton; and any and all persons, partnerships,
| associations, corporations, stockholders
creditors dealing with this corporation, are
concluded thereby, and any and all persons,
partnerships, associations, corporations.
stockholders or creditors dealing with this
corporation hereby waive any rights or
| cause OF action against the original or SUD
sequent owner or owners Of such shares of
the capital stock issued to ii him, her or
them in payment or exchange for labor done
or services rendered, or for such rights,
franchises, credits, contracts and property
valued by the board of directors as afoie-
said and each, every and any and all con-
tract, contracts or undertaking made by or
! entered into with this corporation shall be
subject to this provision of this charter.
All of said stock shall be full paid and
| worcestershire when issued and delivered.
| and transfers thereof shall not be binding
on the company unless recorded In its books,
| and shall be further subject to such rules,
| regulations and conditions as the board OF
directors may prescribe.
ARTICLE V.
The corporate powers of this corporation,
| including the powers to make and amend its
| bylaws, and the management and control
| of its affairs, shall be vested in and exer-
| cised by a board OF directors composed Of
| five 90 persons, who shall be the holder Of
at least one % share Of the capital stock
of this company, a majority of whom, rep
| resented either In person or by proxy, shall
constitute a quorum for the transaction Of
all business.
Any director In his absence from ary
meeting of the board Of directors shall have
power to appoint In writing another director
or stakeholder as his proxy, with full power
to act in his stead at such meeting.
The directors shall be elected annually
by ballot by the holders of the stock, IN
the first Tuesday Of January of each year.
Each holder of stock shall be allowed TO
vote In person or by written proxy, one vote
for each share Of stock owned by him aud
all elections shall be held under such rules
and regulations as may be adopted by the
ed shall continue in Office for one year and
until their successors shall have been lly
elected and qualified. Any failure to elect
officers or directors shall not be regarded
as a forfeiture of the charter Any vacancy
occurring on said board Of directors shall