The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17
ADTTCIE I

ARTICLE I.
The name of this corporation shall be
''The Jefferson Shell Contracting Com,
pany," and under its corporate name II shaii
exist and have succession Tor perIoo OF
ninety-nine 1921 years from date hereof,
and il shall have and exercise for the pur-
pose of it's business, all the powers, rights,
and privileges conferred by law on similar
corporations, and 1t shall be ana II Is Iul
ther authorized and empowered to do ana
perform any act or thing and conduct any
and all business usually connected win
and pertaining to the affairs and business as
set forth in Article III of this charter, wnlch
is not specially prohibited by law.
Ii shall have power and authority 10 hold'
own. receive and purchase and lawfully &C
quire by deeds OF CONVEYANCE, eUn nannar
the title and ownership to all property,
real. personal and mixed, and likewise with
full power and authority TO ALLEVIATE, dis
pose of, lease, rent sell, convey, mortgage,
hypothecate pledge or otherwise cucumber,
its franchises and property, real, personal
and mixed, or any part thereof.
1t shall have power TO borrow money, an1
indebtedness from time to time, and TO Sc
cure the payment of the same or any part
thereof, by pledge, hypothecation of prop,
erty or by mortgage or other evidence or
lien placed upon its franchises and property,
real, personal and mixed, or any part there-
of.
1t shall have power to elect officers and
directors, to name and appoint It's managers,
agents and other employees, and TO Tx their
compensation and to discharge the same at
will +; to establish and adopt such bylaws,
rules and regulations as may be desemd ex,
pedient and proper for the conduct and
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 and
alter at pleasure, and generally to do and
perform all acts and things requisite and
necessary to carry out the objects and pur-
poses of this corporation.
ARTICLE II.
The domicile of this corporation shall be
in the city of New Orleans, state of Louisi-
ana, and all citations and other legal pro
cess shall be served on the president, and
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 and the nature of
the business to be carried on by it are
hereby declared TO be:
LIST To purchase, rent and build operate
and sell and lease for operation, ditching
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
power stations as are necessary or c0nVe-
| nient In connection with the reclamation OF
1
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.
| 9Th. To do a general contracting business
| in the purchase and acquisition, lease and
sale Of shells, gravel, sand, stone and other
materials of a similar character and to hold
4 tV,af .NnVafn oil
| 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 (S50,OOOl, to .'e
represented by five hundred (5OO) shares OF
| one hundred dollars each.
| The company shall commence business and
| become a going concern as soon as thirty
one (31) 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 suci
| shares as may be issued or delivered and
| for other property rights and franchises TO
| be taken, accepted and received by the cor
| poraton 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 pro-
| 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 Tor
| other property rights and franchises, which
may be thus paid for or exchanged and made
| over to 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-
| ceived 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 II
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 oil
cause of action against the original or SUD-
Sequent owner or owners OF such shares OIL
the capital stock issued to 1t him, her OF
them in payment or exchange for labor done
or services rendered. or for such rights
franchises, credits, contracts and propert'
| valued by the board of directors as afo E.
said; and each, every and any and all con
entered into with this corporation shall bt
subject to this provision of this charter.
All of said stock shall be full paid anC
non assessable 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 o.
directors may prescribe.
Il ARTICLE v.
!, The corporate powers OF this corporation
, including the powers to make and amend it
OF its affairs, shall be vested in and exer
, cised by a board Of directors composed q
not less than three go or not more thar
five 90 persons who shall be the holder o
> at least one "a share of the capital stool
|, of this company, q majority OF whom, rep
/ resented either in person or by proxy, shal
, constitute a quorum for the transaction o
all business.
Any director in bis absence from an
meeting of the board Of directors shall hav'
; power to appoint In writing another director
or stakeholder as his proxy, with full powe
to act In his stead at such meeting.
: The directors shall be elected annually
by ballot by the holders of the stock, D.
the first Tuesday of January OF each year
bach holder Of stock shall be allowed L
, vote in person or by written proxy, one vot,
for each share Of stock owned by him ait
all elections shall be held under such rule
and regulations as may be adopted by tn,
board of directors. The directors thus elect
ed shall continue In Office for one year anC
until their successors shall have been u!
elected and qualified. Any failure to cleo
officers or directors shall not be regarded
as forfeiture of the charter. Any vacanc!
occurring on said board OF directors shall
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