The herald., 1913-04-24
ARTICLE |.

ARTICLE l. =,
The name Of this corporation sna!I -
..1-ha JEFFERSON Shell K Contracting CON-
nany" and under its corporate name II shai,
exist and have succession for peTlou %
(99) years from GATE neLeoL'
and 1t shall have and exercise IoI 'h r,gRpts
ina nrivileges conferred by law on sHhilaI
CORPORATIONS, and II shall be ana II Is LUZ
ther authorized and empowered 10 90 anu
nerform any act or thing and conduct any
= "a oil bnsiness usually connected with
and pertaining to the affairs ana business az |
set forth in Article III or thls char'ei' WIN"
is not specially prohibited by law. .olt
II shall have power and authority 10 noiu'
avn receive and purchase and lawfully ac-
ouire by deeds of conveyance contraC,,
lease rental or in any other iaWiui .nanuI
the title and ownership TO an PIopeLrH,
real. personal and mixed. and likewise VII" VIII
full powcr and authority to ALLEVIATE, uls
nose Of lease, rent, sell, convey, mOrlsase'
hvDothecate, pledge or otherwise encumoer;
its franchises and property, real peFSon"'
and mixed, or any part thereon -. an,
II shall have power 10 borrow money, anu
TO issue notes, bonds and other evidences OF
indebtedness from time TO time, anu 10 Sc
cure the payment of the same or any part
thereof nv pledge, hypothecation or prop
ertv or hy mortgage or other evidence Oh
lien placed upon its franchises ana properly
real, personal and mixed, or any part there-
II shall have power to elect officers ana
directors, to name and appoint its managers,
agents and other employees, ana 10 TX thelr
compensation and to discharge the same at
will: TO establish and adopt such bylaws,
rules and regulations as may be deeemu eA,
pedient and proper for the CONDUCT anu
management Of its property ana business,
and the same to alter, amend ana ABOLISH
at pleasure; 10 make and use common or
corporate seal and the same to break anu
alter at pleasure, and generally 10 40 anu
perform all acts and things requisite anu
necessary to carry out the oDJecls anu pur-
poses OF this corporation.
ARTICLE H.
The domicile of this corporation shall be
in the city Of New Orleans, state OF Loulsl-
ana and all citations and other legal pro,
cess shall be served on the president, ana
in his absence, on the Vice President, ana
in the absence OF both officers on the sec
rotary Of this corporation,
ARTICLE Ill.
The objects and purposes for which this
corporation Is organized ana the nature ol
the business to be carried on by 1t are
lst. To purchase, rent and build operate
and sell and lease for operation, ditching
machinery, dredges; barges, towooats ana
water craft of any kind or nature.
2nd. To enter into contract with indi-
viduals, firms or corporations for the CON
struction OF such canals, leVees, ROADS,
power stations as are necessary or conve.
| nient In connection with the reclamation OF
property owned or controlled by such indi-
viduals, firms or corporations ,unroro ord
IL
cultivate landed property.
4th. To acquire by purchase or lease:
| operate, sell or otherwise dispose or IN ana
| every species of property, real and personal:
| necessary or convenient to be so acquired
and used.
5th. 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
| and exercise all such incidental powers and
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 characIe"
| 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 10 be the SUN
| of fifty thousand dollars (S50OOOl, TO .'t
| represented by five hundred (jOO) shares OF
one hundred dollars each.
| The company shall commence business and
become a going concern as soon as thirty
| one (3D or more shares have been sub
| scribed.
| The shares of the capital stock Of thi:
corporation shall be paid for in money, OF
| for labor done or services rendered, or suca
shares as may be issued or delivered anC
4 for other property rights and franchises tC
be taken, accepted and received by the cor
poratiOn for its corporate purposes, at sueI
valuation and upon such terms for sait
| 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
| ton may be increased or reduced by pro
ceedngs taken in the manner prescribed by
law.
The shares of the capital stock OF thi,
Il corporation may be issued for money, To-
labor done or services rendered, or To-
other property rights and franchises, whlci
may be thus paid for or exchanged and mad
over to the company. The valuation OF an.
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 corporal
wise, for any of the shares of capital stoc
of this corporation and fixed by the boar
of directors upon such terms and condition
J for the issuance OF such shares OF stocb
shall be conclusive evidence Of such valua
ton and any and all persons, partnerships
associations, corporations, stockholders
e creditors dealing with this corporation, ar
concluded thereby, and any and all person:
7 partnerships, associations, corporation
B. stockholders or creditors dealing with thi
J corporation hereby waive any rights Q
q cause Of action against the original or SUI
, sequent owner or owners Of such shares
+ the capital stock issued to it him, her @
e them in payment or exchange for labor don
e or services rendered, or for such rights
franchises, credits, contracts and propert
valued by the board OF directors as afoi'
|. said and each, every and any and all col
Y tract, contracts or undertaking made by
S entered into with this corporation shall
l. subject to this provision OF TINS cndrler'
d All of said stock shall be full paid an
e worcestershire when issued and delivere'
d and transfers thereof shall not be bindiu
). on the company unless recorded in its book
Y and shall be further subject TO such rule
il regulations and conditions as the board
J. directors may prescribe,
K ARTICLE V.
$ The corporate powers of this corporation
e including the powers to make and amend i
bylaws, and the management and contr
OF its affairs, shall be vested In and exc
o csed by a board of directors composed
! not less than three 81 or not more tina
4 five (5) persons, who shall be the holder
q at least one "a share of the capital stoC
. of this company, a majority Of whom, re
+ resented either In person or by proxy, sha
o constitute a quorum for the transaction
. all business.
e ANY director In his absence from ar
meeting of the board of directors shall ha'
= power to appoint In writing another direct
- or stakeholder as his proxy, win full pow
! to act In his stead at such meeting.
The directors shall be elected annual
by ballot by the holders of the stock,
the first Tuesday Of January of each yea
- Each holder Of stock shall be allowed
. vote in person or by written proxy, one vo
- for each share OF stock owned by him A.
y all elections shall be held under such rul
y and regulations as may be adopted by Il
&c board of directors. The directors thus cleo
j, ed shall continue In office for one year al
Il until their successors shall have been 7
u elected and qualified. Any failure to ele
e officers or directors shall not be regards
y as a forfeiture of the charter. Any vacant
J. occurring on said board of directors sha
q be filed by the remaining directors fro
q among the stockholders for the unexpir'
6 term.
4, IzAsN h. aroA ri 80