The herald., 1913-10-23
CHARTER
CHARTER
OF GRANT SMITH & COMPANY, LIN
ITEn nE InIFISIA\A


OF GRANT SMITH & COMPANY, LIN
TIED, OF LOUISIANA.
| State OF Louisiana. Parish Of Orleans, City
Il New Orleans. -,
BE 1t known, that on this elEhteent1
day Of September. in the year one thousand
nine hundred and thirteen, before me, AT,
thur B.. Leopold, a notary public In and
for the parish OF Orleans, state or lOnlsl,
ana, duly commissioned and qualiied, and
in the presence OF the witnesses hereinafter
namei and undersigned, personally came
and appeared the persons whose names are
hereunto subscribed. all above the full age
Of majority. who severally declared that,
availiug themselves Of Act SO OF 1883, as
well as the general laws of the state OF
Louisiana relative to the organization oil
corporations. they hereby form themselves
into and constitute a corporation for the
objects and purposes and under the stipu'
~latlons hereinafter set forth.
Article 1.-The name and title OF the
corporation hereby formed Is declared TO be
Grant smith & Company, Limited, Of Lou.
iSiana. Its domlcile shall be in the city
OF New Orleans, state of Louisiana, and Il
shall have and enjoy succession by Its cor
pOrate name for a period Of ninety-nine
t99) years from and after the date hereof.
This corporation shall have power and
authority TO contract, sue, and be sued In
its corporate name; to make ana use q
purchase real and personal property and 10
SCI. mortgage, or pledge the same, and 10
borrow money and Issue bonds, notes and
other obligations.
All citations or other legal process shall
be served upOn the president. and, in the
event Of his absence or inability TO act from
any cause. the same shall be served upon
the vlce-president, or any other officer IN
New Orleans, Louisiana.
Article LITTLE objects and purposes fer
which this corporation Is organized. and
the nature Of the business to be be carried
on by 1t are hereby declared TO be To
purchase or otherwise acquire, erect, con
StrucJ, equip, improve, extend, work, de.
velOp, operate, maintain, own, repair, con,
troll, sell, lease or otherwise dispose OF
water rights, reservoirs, dams, canals, tun,
nels, bitches, fumes, drainage systems, con-
trolling works, power plants and irrigation
works or plants, OF whatsoever kind or
nature, for the purpose OF irriSIting lands,
retaining submerged lands, or storing wa
tiers, and the draining and conveying OF
waters from one place or places to another
place or places. To purchase, lease or other
wise acquire, erect, equip, improve, extend,
work, develop, operate, maintain, own, re-
pair, cOntro., sell. lease, or otherwise dis
pose OF water rights, reservoirs, dams, ca
nals, tunnels, bitches, fumes, drainage syS-
tens, controlling works, power plants or
plants Of whatsoever kind or nature, for
the purpose of purchasing, leasing, or 9th
erwise acquiring and selling, leasing, or
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,
aSAAf SNN 49, Nv as w. u
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 needful and lawful for the develop
ment and improvement Of the same for
agricultural, planting, cattle raising, resi-
dence, 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.
plle-driying, 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-
vers, machinery, boats, ship yards, or any
other tools or appliances, plant or equip
ment necessary or desirable in carrying on
the business of said corporation.
Generally, to carry on or undertake any
other business or the same general nature
which from time to time seems to the d.
rectors of this corporation capable of being
conveniently carried on in connection with
the above objects, or calculated directly or
indirectly to render valuable or enhance the
value OF any of the cOmpany's privileges or
rights, and which is lawful in Louisiana,
Tor a corporation so organized.
Article lll.-The capital stock of this
corporation is hereby fixed at the sum Of
two hundred thousand dollars 1920. OOO).
divided into and represented by two thou
sand (2,OOG) shares Of the par value Of
one hundred (SlO0.00) 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 by said board Of directors at not
less than par, in payment of labor done or
property actually received by said corpor-
alton.
This corporation shall commence bust
ness and be a going concern as soon as ten
thousand (SlO,OOOD dollars Of It's capital
STOCK shall have been subScl ibed for, and
this charter signed and executed by the in.
Article Iv.-AIl the corporate powers Of
this corporation shall be vested In and ex-
ercised by 4 board OF five (5) directors. TO
De composed OF stockholders, three 90 of
Whom snail constitute a quorum for trans
acting all business. The board of directors
snail be vested with full power and author
ity to make all contracts, purchases and
sales, and adopt all bylaws, rules and regu-
latiohS Tor the government Of the business
and affairs of the company, and alter. amend
anG change the name at pleasure; appoint.
hire and discharge all officers, agents and
employees; TX all salaries, and generally do
ana 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-
FectOrs In the manner provided for In the
bylaws. wv
The first board of directors of this cor
poration shall consist of Allan Il. Dusen-
bur" Willard r. Pennington, Pierre Jack
son, X. L. Macgregor and Willard L. Hau-
ser, with Grant Smith as president and
flerre 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,
ana annually thereafter, an election for
directors shall be held at 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
tnen 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 yice-president
a secretary and a treasurer; three of sail
offices may be held by the same person
All corporate elections shall be by ballot
and a majority of the votes cast shall elect
and a. all stockholders meetings held for
any purpose, each share of stock shall he
entitled to one vote, either In person or
ny proxy. by the person in whose name
same Is registered on the books Of the com
pany, ana the board of directors NAV 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 bv the
secretary at least ten 90 DAYS prior TO
elections, by mailing same. hostage nre,
n4ln fn his last pnv- -