The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18


and regulation Of the affairs " said cO-pOr-
alton As may be necessary and proper.
Article II-Tha domlliIa of said co-D0r.
a'ion shall De- AZ New orleans. Louisiana.
sli ala citations or other legal process, shall
b" served upon the president 81 said cor
pDrat.'H. OF in The even, ~ his absence IpoR
The N."-pr"~.i.ut. or IN he absence ~ both
Of these IN .erS Irll the secretary
A-,fr.. III III. object, and purposes
for which rl., corporation is established.
and the nature ~ ~. business fJ h. carried
on by A. ar. hereby declared and specified
TO De
10 purchase. own. hold. sell. mortEIs'.
lease. ALLEVIATE. r..r..y". a.gr,lr.. and deal IN
/ real estate and interests therein ~ al sorts
in The stat" ~ Louisiana or elsewhere In
IN" United states, fo develop. improve. cal.
'lvate and SCI! Ja- same % locate. develop.
improve AMI operate 'rsyu~.'.~ and villages
upon any lands that 4; ,at, .u.,u D~ acquire.
10 iutrpiuc" from any r.rf ~ 'ac United
States "r any foreign rp.ufr.. rpr.'-.s o.
-.'t.erS 20 cultivate" AMI develop Us .luiS
70 engage in the general colonization bust
ness for lis own account. cop as the ageRt
~ others To develop oil. mineral and tim
Der lands ~ drilling wells. ant mining rnS
all kinds OF minerals CONSTRUCTING, ~lgymili4
buiIding logging roads. and NATURALIZATION.
and marketing the product ami output y
such wells mines and mills. TO buy pr
build. maintain and operate stores. pa =
ius houses tramrOalS warehouses IOWA.
tors dwellings water craft. pumping. drain.
docks: 10 raise huv sell and deal in Ilvs
stock 10 engage ig The huSinrsS OF fgrna-,
erciSr an such incidental powers and priv
irvaS a. relate 10 the powers hareiaahov.
set forth.
Article IN-Th~ capital stock or said
corporation is hereby fixed az one hundred
and nifty thousand tSl50 OO0 Oul Dollars
divided into, or represented by six thousand
| 81. OuuD shares Of twenty five tS25.oOl dol
lars each
Article V-AN the powers Of this cor
poratiou shall be- vested In and exercised by
"A board Of directors 10 be composed OF not
less than three or more than seven stock
holders to -, elected annually on the first
Monday Of September Of each and every
4, wear All such elections shall Ia. nv baliot
conducted at the ofirc OF the said CORPORA
ti0n under the superintendent OF three com
s miSSioners TO Dee appointed by the board Of
directors, and ~ such e'ection-as well a.
. Of all Meetings OF stockholders. except for
The purpose OF liquidation or dissolution
Z or a. othrrwis, required bv I,y-tan dave
! notice shall be given by mailing 70 each
stakeholder who appears As such On the
books Of the company. at his last designated
address. or al the general delivery at New
1 Orleans, II he has not designated an address
/, an announcement stating the time and place
: Of meeting
Each stakeholder shall be entitled 10 on.
vote for each share of stock standing in hi,
: name on the books of the COMPANY 10 ~.
+ east in person or by proxy. and the majorIt,
r The board Of directors shall have III.
power TO nh all vacancies that may occur
on the board.
/ The failure TO elect directors on the date
above specified shall not dissolve the cor
poratiOn. but the directors then in office
shall remain I'm ofire until their successors
are elected Due notice Of another election
shall be given as above proyided and such
notices Of election shall continue 10 be- given
; until the election Is held.
\ majority Of the directors shall constI-
tut" a quorum for tho transaction OF anv
business. and the board Of directors at their
, tir>t meeting following each annual election
r shall elect a president 4 vice president sec
. retary-trpa surrr. and such other officers as
1 IL shall deem necessary. The board shall
have power In its discretion to unite two
/. | or more offices and the same 10 confer unnn
one person
The board OF directors may make and
establish as well as alter and amend any
To- and all bylaws rules and regulations nee
eSSary and proper for the support and man
/. asement Of the business and affairs OF said
corporation, not Inconsistent with its char
ter
Said board shall also have fun power and
, authority to borrow money through the
I president or some other duly authorized
agent or agents; 10 execute mortgages, issue
notes. bonds or other obligations and gen
orally to do things reasonable and necessary
for the proper carrying on OF the business
Of the corporation: as also TO issue and
, deliver fun paid shares Of stock or bonds
or obligations OF said corporation in paw
ment of labor money borrowed. or prop
erty or rights actually received by said cor
poratiOn.
Any member OF the board OF directors VIII.
may be absent from the domicile OF the com
pany, or who may be prevented by sickness
, from attending may give a written proxy 10
any other member OF said board OF directors,
10 represent him In all matters at any meet
ing OF the board Of directors whether gen
/, eral or special.
| Article VI.-Wheneyer this cOrporatIon
may dissolve, either by Limitation or by any
other cause whatsoever, It's affairs NAV be
! liquidated by three 81 stockholders TO bp
appointed at a general meeting OF the stock
holders for the purpose OF liquidation, as
, hereinafter provided, each share being emit
tied to one vote in person or by proxy Said
commissioners shall remain In office until
the affairs OF said corporation shall have
/ been fully settled and liquidated, and shall
have full authority and power TO transfer
and give title to all the assets and property
OF the corporation. In case OF death dIsa.
, bility, or resignation OF one or more of said
commissioners, the vacancy shall be filled
by election by the surviving commissioner
or commissioners
= The stockholders are especially empow-
[ cred by a three -fourths vote OF the entire
stock cast at a meeting called for that pur-
= pose, to sell the entire assets OF this cor
pOration either for cash. or for stock In
/ some other corporation
g Before any stakeholder shall make a sale
: of his stock he Shall offer same TO his CO.
; stockholders who shall have the preference
o over outside parties in the purchase OF said
Q stock, provided the prices offered by them
be equal TO those available elsewhere.
: ArIIcle VII-This act of the corDoratIon
d . nay De modlhed or altered, or said corpora
!, tnreeiourths OF the capital stock repre-
senIed AT general meeting or the stock
{ holders convened Tor such purpose, after