Lower coast gazette., 1913-08-30

ARTICLE II.

De at fOlnLe q Id I1dCiic al 1"S
Parish of Plaquemines, State of Louis
lana. and all citations and other legal !
shall be served upon the
President, or in his absence upon the
Vice President, or in the absence of
both upon the Secretary.
ARTICLE III.
The objects and purposes tor which
this Corporation is organized and the
business carried on by it are declared
to be; the building and the contracting
for the building Of levees and revet'
ments, the digging of canals, drainage
bitches and other water courses FORTS
" use and that of others, and tor
this purpose to purchase, lease ana
otherwise acquire real estate, dredRes'
boats, machinery and other apparatus
for the building, operating and main
tanning of the said levees, canals, ditch
es, and other water courses; to acquire
erect and operate workshops, and
other things necessary for the erection
Of dredges, and all things incidental
thereto for the proper carrying on OF
the objects and purposes OF this Cor
poration.
ARTICLE ".
The capital stock of this Corporation
is hereby fixed at Fifty Thousand
($5OOOO, COY Dollars divided into and
represented by Five Hundred shares OF
stock at the par value of One Hundred
(slOO. 00) Dollars each, which shall be
paid for in cash, or at such time as the
Board of Directors may fix. This Cor
poration shall be a going concern when
and az soon as Fifteen Thousand
lsl5OOO. OO) Dollars Of the capital stock
shall have been subscribed for.
ARTICLE v.
All the corporate powers of this Cor
poration shall be vested in and exercis-
ed by a Board of Directors. Said d.
rectors shall be elected at a meeting OF
the stockholders to be held on the f'rst
, Monday in July Of each year.
!. Notice of such meeting and OF al
other meetings, not provided for by
law, shall be given in writing to each
stakeholder by mailing same to sucf
stockholders last address ten tlO) days
before each meeting.
AT the first reeting of the Board O
Directors after it's electioni it shall cleo
from among its number a President,
Vice.President. a Secretary-Treasure
II in the form of one person, or a Secre
Il tary and a Treasurer as the Board 0
Directors may deem necessary; whe
,e the office Of Secretary shall be heI
ID separately it may be held by one othe
in than a stockholder. All vacancies o.
$. curing in the Board of Directors sha
If be filled by the remaining Director
to for the unexpired term.
Until the first Monday in July, 1871
the following shall constitute the mr.
Board of directors, namely;
Frank C. Movers, Emile A. Schay'
and Clarence Henritzy with the So
Frank C. Movers as President, Il
said Emile A. Schayot as Vice-Pres
:: dent and the said Clarence Henritzy
Secretary-Treasurer and they sh'
serve until their successors are electe
is At all of the meetings of the stoc
holders each stakeholder shall be 6
titled to one vote for each share
me stock standing in his name on the boo
out of the Corporation, and such sha'
may be voted in person or by writ
proxy. =
ost an
the This act Of Incorporation may
amended or this Corporation may
for dissolved by and with the consent
,ser Three-fourths of the entire capl
stock represented IN peraon Or
tho proxy at q general meeting called
such purpose after notice az PROVE
by law. :
the poration, its affairs shall be hquida
int. by three (3) Commissioners. cleo
from among the stockholders at a M
ing called for that purpose or At
meeting at which the dissolution
!, voted, and they shall serve until
!" affairs of the Corporation shall b
been liquidated.
Should either of the Commission
ret. be unable to act for any reason,
Pub remaining Commissioners shall hll
lines vacancy.
b of ARTICLE VII.
'ous- No ~stockholder shall ever be held
per BILE for the contracts or faults OF
Corporation in any further sum
sup the unpaid balance due the Corport
that on the shares Of stock owned by
inc nor shall any mere informally IN
maze organization have the effect OF rel
'nteo ing this Charter null or Of exposing
senu stockholders to any liability beyon'
unpaid amount remaining due o.
stock.
M, to ARTICLE VIII.
ic in -,
,nd The subscribers hereto have WI
fol- opposite their respective narnes
amount of stock in this corpor
subscribed by each Of them and
act Of incorporation shall serve al