The herald., 1913-10-30
CHARTER
OF GRANT SMITH CONTAIN LIN

TIED. or LOUISIANA.
state of Louisiana, Parish OF orleans Nl'S
4 New Orleans. ,
dav Of September in the year one thouSand
nine hundred and thirteen, before me- AT,
thur B. Leopold. a notary public IN anu
for the parish Il Orleans, state ot LOuiSl,
ana. duly commissioned and qualified, and
in The presence of the witnesses hereinafter
pamei and undersigned, personally cam lo
and appeared the persons whose names dle
hrreunto subscribed. all above the full age
OF majority. who severally declared that,
.avai'iug themselves OF Act 30 OF lSSS, as
we'll as the general laws of the state OIL
Louisiana relative TO the orsaniz2atdon, ,.,l "l
into and constitute a corporation Tor the
objects and purposes and under the stipu-
ailors hereinafter set forth.
Article THE name and title OF the
corporation hereby formed IS declared to be
Grant Smith & Company Limited, OF Lou
iSanl Its domicilc shall be In the clty
OF New Orleans. state OF Louisiana ana u
shall have and enjoy succession by It's cor
porate name for a period OF ninety-nine
t99l years from and after the date hereof
This corporation shall have power and
authority 10 contract, sue, and be sued IN
its corporate name; TO make ana use a
corporate seal; 10 hold, receive, hire ana
purchase real ana personal property ana 10
SCI morris gage, or pledge the same, ana 70
borrow money and issue bonds, notes ana
other Obligations. .
All citations or other legal process shall
be served upon the president. and, In the
event OF his absence or Inability to act from
any cause the same shall be served upon
the yice-presldent, or any other OthceF IN
New Orleans, Louisiana.
Article 1.-THE objects and purposes fsr
which this corporation Is organized, and
the nature Of the business to be be carried
on by il are hereby declared To be 10
purchase or otherwise acquire, erect, con
Struct, equip. improve, extend, work, de
velop, operate. maintain. own, repair, con.
troll, sell. lease or otherwise dispose OF
water rights, reservoirs, dams, canals, tun-
nels bitches, fumes, drainage systems, con
trolling works, power plants and irrigation
works or plants, of whatsoever kind or
nature. for the purpose of irrlgatlnS lands,
reClaiming submerged lands, or storing wa
ters and the draining and conveying of
waters from one place or places 10 another
place or places. To purchase, lease or other
wise acquire, erect, equip, improve, extend.
work, develop, operate, maintain, own, re-
pair, contro., sell, lease, or otherwise dis
pose OF water rights, reservoirs, dams, ca
naIs, tunnels, bitches. fumes, drainage sys-
tens, controlling works, power plants or
the purpose Of purchasing, leasing, or 9th
erwise acquiring and selling, leasing, or
otherwise dispoSing OF power, light heat
or energy in whatsoever form or nature,
and the exercise OF the customary or nee
essary powers incident thereto.
To acquire by purchase or otherwise, own,
hold, buy, sell, convey, lease, mortgage OF
cucumber real estate or other property,
| =
| plat, improve and develop irrigated, sub
merged and other lands for the purpose OF
sale or otherwise and TO 10 and perform all
| things needful and lawful for the develop
ment and improvement Of the same for
agricultural, planting, cattle raising, resi-
| dence, trade and business.
To purchase, or otherwise acquire, and to
| hold, own or control, receive, store, convey,
deliver, sell. lease, or otherwise dispose of
| water, ice or moisture in any form. or rights
Of any nature in and TO water, or the usage
| thereof.
To engage in the business OF dredging.
pie-driving. or other construction work of
| any character. either for this corporation or
| for other persons, firms, or corporations,
and TO purchase, or otherwise acquire, and
| TO hold, own or control construct, operate.
| repair, lease, or SELL any dredgeS. pile dri-
| yers, machinery, boats, ship yards, or any
| other tools or appliances, plant or equip
ment necessary or desirable in carrying on
the business of said corporation.
Generally, TO carry on or undertake any
| other business Of the same general nature
which from time to time seems to the di-
| rectors of this corporation capable of being
conveniently carried on In connection with
the above objects, or. calculated directly or
indirectly TO render valuable or enhance the
value of any of the company's privileges or
| rights, and which is lawful in Louisiana
| for corporation so organized.
Article III.-The capital stock OF this
1.-TWO hundred thousand dollars (S2OO, ,OOOl
| divided into and represented by two thou
| sand (2,OOO) shares of the par value of
one hundred (S100.00) dollars
Said stock shall be paid for in Install
ments OF such amounts and at such times
as the board of directors may determine,
but any part or parcel Of said stock may
be issued by said board Of directors at not
less than par, in payment of labor done or
property actually received by said corpor-
alton.
This corporation shall commence bust.
ness and be going concern as soon as ten
thousand (S1O,OOO) dollars of its capital
stock shall have been SubscT ibed for. and
this charter signed and executed by the in
corporators.
Article IV.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by board of five (5D directors, 10
be composed of stockholders three CD of
whom shall constitute quorum for trans
acting all business. The board of directors
shall be vested with full power and author
ity 10 make all contracts, purchases and
sales, and adopt all bylaws, rules and regu.
latlons for the government Of the business
and affairs OF the company and alter, amend
anG change the name at pleasure; appoint
hire and discharge all officers, agents and
employees; hx all salaries. and generally do
ana perform all things necessary in the
transaction of the business and affairs OF
the company. Any vacancy occurring in said
board shall be filled by the remaining di.
rectors In the manner provided for In the
| bylaws.
The first board Of directors of this cor.
poration shall consist of Allan T. Duseu.
burr. Willard z. Pennington, Pierre Jack
son, X l.. Macgregor and Willard Z. Hau
ser, with Grant Smith as president and
fierre Jackson as vice-president secretary
ana treasurer, who shall hold their offices
| until the third Monday In January. 1914
or until their successors are duly elected