The herald., 1913-10-02

erwlse acquiring and selling, leasing. o
otherwise disposing Of power, light, hea
| 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 o
cucumber real estate or other property
personal or mixed, and to survey, SubdiVlde
plat, improve and develop irrigated, sub
merged and other lands for the purpose o
sale or otherwise, and to do and perform a.
things nCedful and lawful for the develop
ment and Improvement Of the same 10
agricultural, planting, cattle raising, resi-
dence, trade and business.
To purchase, or otherwise acquire, ana u
hold, own or control. receive, store convey
deliver, sell. lease, or otherwise dispose o
water, ice or moisture In any form, or riSht
of any nature in and to water, Or the usage
thereof.
To engage in the business of dredging
pie-irlying, or other construction work o
any character, either for this corporation OF
for other persons, firms, or corporations
and to purchase, or otherwise acquire, an,
10 hold, own or control, construct, operate
repair, lease, or sell, any dredgeS. pile drl
yers. machinery, boats, ship yards, or any
other tools or appliances. plant or equip
ment necessary or desirable in carrying OF
the business of said corporation.
Generally, TO carry on or undertake any
other business OF the same general nature
which from time 10 time seems To the d!
reCtors of this corporation capable or beinl
.
the above objects. or calculated directly oil
Indirectly 10 render valuable or enhance the
value of any OF the cOmpanyS privileges OF
rights, and which is lawful in Louisiana
for a corporation 50 organized.
Article lII.-The capital stock OF thl'
corporation is hereby fixed at the sum OF
two hundred thousand dollars $500 0Ol
divided into and represented by two thou
sand (20OO) shares Of the par value ol
one hundred (SlO1.OOD dollars.
SAID stock shall be paid for in install
mentS of such amounts and a. 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 OF
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 IV.-All the corporate powers of
this corporation shall be vested in and eX-
erciscd by a board Of five t5) directors TO
be composed of stockholders, three 90 OF
whom shall constitute a 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-
latiOns for the government Of the business
and affairs of the company, and alter, amend
anG change the name at pleasure; appoint,
hire ana ulSClarge all ON .tFS, agents anu
empI)yeS, fx all salaries, and generally do
and perform all things necessary in the
transaction of the business and affairs of
the company. Any vacancy occurring in said
board shall be filed 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. Dusen-
BUR- willard Il. Pennington, Pierre Jack
son, K. l.. MacgregOr and Willard +. Hau-
SER with Grant Smith as president and
Pierre Jackson as yice-president, secretary
ana treasurer, who shall hold their offices
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
company under the supervision Of three
commissioners TO be appointed by the preSi-
dent, or, in the absence of the president.
by the vicc-president, and the directors
then elected shall take their seats immedl-
ately and shall hold office until their sue
ceSSOrs are fully elected and qualified. Each
board shall elect its own officers, which
shall consist of a president. a Weep president,
a secretary and a treasurer: three Of said
offices 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
entitled 10 one vote, either in person or
by proxy, by the person in whose name
same Is registered on the books OF the com
pany, anu the board of directors may close
the stock transfer books for a period not
exceeding thirty days before any meeting.
Written notice OF stockholders meetings
secretary at least ten (10) days prior to
elections, by mailing same. postage pre-
paid, TO his last known pOst-ofice address.
The board of directors shall have power
to establish stock transfer agencies, under
reasonable rules and regulations, in the
city of New Orleans Louisiana, and at
such other places as they may deem neceS-
sary as the business OF the corporation
shall require.
Article V.-This act Of Incorporation may
be changed. altered or modified, or the cor
pOratiOn dissolved, with the assent Of three
fourths (3-ID of the stock present or rep
resented at any general meeting OF the
stockholders convened for that purpose af
ter thirty days prior notice of such meeting
shall have been given by publication in one
Of the daily newspapers published In the
city of New Orleans, by fire 90 publications
during said period, and such changes as
may be made In reference TO the capital
stock shall be made In accordance with the
then existing laws on the subject.
Article VI.-Whenever this corporation is
dissolved either by limitation OF Its char
ter or from any cause, Its affairs shall he
liqudated by three 81 commissioners to be
appointed by the president or vice-president,
from among the stockholders at a meeting
of the stockholders convened for that pur-
pose after thirty 800 days prior notice
shall have been given, by the secretary, TO
each stakeholder. Said commissioners shall
remain In Office until the affairs Of said cor
pOration shall have been fully liquidated. In
case Of death of either commissioner. the
survivors shall continue to act.
Article Vino stockholders of this cor
poration shall ever be held liable or re-
spOnsible for the contracts or faults there
OF in any further sum than the unpaid bal
ance due to the corporation on the shares
owned by him, nor shall any mere infor-
mality in organization have the effect Of
rendering this charter null, nor of expos
ing a stakeholder to any liability beyond
the amount of his stock.
The subscribers hereto have each written
opposite their names the number Of shares
subscribed for, that this act may also
prove as the original subscription list.
Thus done and passed in my notarial Of
fee in the city of New Orleans, Louisiana,
in the presence of VI. Captain and F. A.
Giffin, competent witnesses of lawful age,
and residing in this city, who hereunto sub
scribe their names, together with the said
parties and me, notary, on the day and
date set forth in the caption hereof
Original signed: A. T. Dusenburv, 20
shares; Grant Smith, 20 shares; Pierre
Jackson, 20 shares Robert L. Macgregor,
f. Hauser, 20 shares
Witnesses NJ. Captain, f. A. Gifhn.
ARTHUR B. LEOPOLD, Notary Public.
l, the undersigned recorder of mortgages
In and for the parish of Orleans state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation Of Grant
Smith & Company, Limited, of Louisiana,
was this day duly recorded in my Office in
New Orleans. La, Sept. %, 1913.
(Signed) EMILE j. LEONARD,
Dep Recorder