The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-25

the nature of the business to be be carried
on by 1t are hereby declared 10 De 10
purchase or otherwise acquire, erect, con
strucr, equip, improve, extend WoGh' o uG.
velop, operate, maintain, own, repair, con.
troll, sell, lease or otherwise dispose OF
water rights, reservoirs, dams, canals, tun-
nels, bitches, fumes, drC mage systems, con
trolling works, power plants and irrigation
works or plants, OF whatsoever kind or
nature for the purpose Of irrigating lands,
retaining submerged lands, or storing wa.
tiers, and The draining and conveying OF
waters from one place or places To another
place or places. To purchase, lease or other
wise acquire. erect, equip, improve, extend,
work, develop, operate, maintain, own, re-
pair control, sell, lease, or otherwise dis
pose OF water rights, reservoirs, dams, ca
mails, tunnels, bitches, fumes, drainage sys
tens. controlling works, power plants OF
plants OF whatsoever kind or nature, for
the purpose OF purchasing, leasing, or 9th
erwise acquiring and selling, leasing, OF
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 oil
cucumber real estate or other property
personal or mixed, and to survey, subdivide
plat, improve and develop irrigated, sub
| merged and other lands for the purpose OF
sale or otherwise, and to do and perform al
things needful and lawful for the develop
ueuL anu Improvement OF the same tOl
| agricultural, planting, cattle raising, resi-
| dence, trade and business.
To purchase, or otherwise acquire, and Il
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
| pile-driying, or other construction work OF
any character, either for this corporation oil
| for other. persons, firms, or corporations
and to purchase, or otherwise acquire, anC
to hold, own or control, construct, operate
| repair, lease, or sell, any dredges, pile dri
vers, 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 lll.-The capital stock of this
corporation is hereby fixed at the sum of
two hundred thousand dollars $500, OOO) =,
divided into and represented by two thou
sand $4,000 shares OF the par value of
one hundred ($100.00) dollars.
Said stock shall be paid for In Install
ments OF such amounts and at such times
but any part or parcel Of said stock NAV
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 100000 dollars of its capital
stock shall have been subscribed for and
this charter signed and executed by the in
corporators.
Article Iy.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by board of five 90 directors, to
be composed Of stockholders, three 81 Of
whom shall constitute a quorum for trans
acting all business. The board of directors
S si De vested with full power and author
lily TO 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, nix all salaries and generally do
and perform all things necessary In the
transaction Of the business and affairs of
board shall be filled by the remaining d.
bylaws.
The first board of directors of this cor
poration shall consist of Allan T. Dusen-
burr. Willard r. Pennington, Pierre Jack
son, X l.. Macgregor and Willard E. Hau-
ser, with Grant Smith as president and
aa lacks. Jackson as viee-president, secretary
until the third Monday In January, 1914,
or until their successors are duly elected
and qualified
On the third Monday in January. 1914.
and annually thereafter, an election for
directors shall be held at the Office of the
company under the supervision OF three
commissioners to be appointed by the presi-
dent, or, In the absence of the president
by the vice-presldent, and the directors
then elected shall take their seats immedi-
ately and shall hold office until their sue
eessors are fully elected and qualified. Each
board shall elect its own officers, which
snail consist Of president, q vice-president
a secretary and treasurer: three of said
ohces may be held by the same person.
All corporate elections shall be by ballot,
and majority Of the votes cast shall elect
and at all stockholders meetings held for
any purpose, each share OF stock shall be
entitIed TO one vote, either In person or
oy proxy, by the person In whose name
same Is registered on the books of tbe com,
pany, ana the board Of directors NAV close
the stock transfer books for a period not
eHGeeding thirty days before any meeting.
written notice Of stockholders meetings
shall be given to each stakeholder by the
secretary at least ten 1O) DAYS prior TO
electlons, by mailing same postage pre-
paid to his last known post-office address.
Inc BOARD or directors shall have power
to establish stock. transfer agencies ppnSer
reasonable rules and regulations, in the
city or New Orleans, Louisiana, and ar
such other places as they may deem neces.
shall require. corporation
Article V.-This act Of Incorporation NAV
De changed, altered or modified, or the cor.
poration dissolved, with the assent OF three
Iourths t3-4) of the stock present or rep
resented at any general meeting of tbe
stockholders convened for that pmrposa az.
yer yer thirty days prior notice of such meeting
81 osat ~, nave oeen given by publication in one
CITY OF New Orleans, by fire (5) publications
curing SAID period. and such changes as
may be made In reference to the csnItaI
STOCK STOCK snail be made in accordance with the
tnen existing laws on the subject.
:, Article VL-Whenever this CORPORATION 10
dissolved either by limitation OF its char.
yer or from any cause, its affairs shall no
iiquldated by three (3) commissioners TO he
appointed by the president or vice-president
from among the stockholders at meetjng
OF the stockholders convened for that mr.
pose after thirty 1907 days prior notice
snail nave been given, by the secretary. to
eacn stockholder. Said commissioners shall
remain In ofice until the affairs of said cor.
poration shall have been fully liquidated. In