The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-09

the vlce-president or any other ofncer IN
New Orleans, louisiana.
Article 1.-THE objects and purposes Tor
which this corporation is organized, ana
the nature of the business TO be De carried
on by il are hereby declared TO be: 10
purchase or otherwise acquire, erect. con
struct equip, improve, extend, WORK, De
velOp, operate, maintain, own, repair, con,
troll sell, lease or otherwise dispose oil
water rights, reservoirs, dams, canals, tun'
ncIs. bitches fumes drainage systems, con
trolling works, power plants and irrigation
works or plants, Of whatsoever kind or
nature, for the purpose OF irrlSatlnS lands
/ reclaim submerged lands, or storing wa
ters, and the draining and conveying OF
waters from one place or places TO another
place or places 10 purchase, lease or other
wise acquire, erect, equip, improve, extend
work, develop, operate, MAINTAIN, own, re-
pair, COutro., sell, lease, or otherwise dis
pose Of water rights. reservoirs, dams, ca
uaIs, tunnels, bitches, humes, drainage syS
tens, controlling works, power plants or
plants OF whatsoever Kind or nature, Tor
the purpose of purchasing, leasing, or Oth
crWi>e acquiring and selling, leasing, OF
otherwise dspOsing 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 or
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 all
things ncedful and lawful for the develop
ment and Improvement Of the same for
agricultural, planting, cattle raising, resi-
Geu"r. trade and business.
To purchase, or otherwise acquire, and To
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.
pilc-iriyiug. or other construction work of
any character, either for this corporation or
for other persons, firms, or corporations,
and to purchase, or otherwise acquire and
TO hold own or control, construct, operate,
repair, lease or sell, any dredgeS, pile dri-
yerS, machinery, boats. ship yards, or any
other tools or appliances. plant or equip
Went necessary or desirable IN carrying on
the business Of said corporation.
Generally, 10 carry on or undertake any
other business Of the same genera! nature
which from time to time seems 10 the Iii
rectOrS Of this corporation capable of being
conveniently carried on in connection with
the above objects or calculated directly or
Indirectly 10 render valuable or enhance the
yalIe Of any Of the cOmpanys privileges or
rights, and which is lawful in Louisiana
for a corporation so organized.
Article III.-The capital stock OF this
corporation Is hereby fixed at the sum of
two hundred thousand dollars $500. OO0l,
divided into and represented by two thou
sand t2,OOO) shares Of the par value of
on" hundred tSlOUOOj dollars.
SAID stock shall be paid for in install
mentS OF such amounts and At such times
as the board of directors may determine
but any part or parcel OF said stock may
be issued 10y said board OF directors at not
eSS than par, In payment Of labor done or
property actually received by said cOrpor
alton.
This corpora ton shall commence bust
ness and be going concern as soon as ten
thousand 100000 dollars Of its capital
stock shall have been SubScI ibed 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-
ercised by a board Of i've 60 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
lty 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
anC change the name at pleasure; appoint
hire and discharge all officers, agents and
empl1yes. nix 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 filled 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
T..
ser, with Grant Smith as president and
Pierre Jackson as vice 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
directors shall be held al 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 yice-president, and the directors
then elected shall take their seats immedi-
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 vice-president,
secretary and 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 to 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
shall be given to each stakeholder by the
secretary at least ten 10l days prior to
elections, by mailing same. postage pre-
paid. to his last known pOst-office 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 npces-
sary as the business OF the corporation
shall require.
Article V.-This act Of Incorporation NAV
he changed, altered or modified or the cor
poratlon dissolved, with the assent Of three
fourths (3-4) 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 be
llquldated by three (3) commissioners TO be
appointed by the president or yice-president
from among the stockholders at a meeting
OF the stockholders convened for that pur-
pose after thirty 800 days prior notice
snail nave been given, by the secretary. TO
each stakeholder. Said commissioners shall
remain In office until the affairs of said cor
pOratlon shall have been fully liquidated In
case or death of either commissioner, the
SURVIVORS shall continue to act.
Article Vll.-No stockholders of this cor
poration shall ever be held liable or re-
sponslDle Tor 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 bevond
the amount of his stock