The herald., 1913-05-08
ARTINIE I.

ARTICLE I.
The name Of this corporation shall De
sThe Jefferson Shell x Contracting COM
pany," and under It's corporate name II shall
exist and have succession Tor a perlod OF
ninety-nine (99) years from date hereof,
and IL shall have and exercise Tor the pur-
pose Of its business, all the powers, rlShls.
and privileges conferred by law on similar
cOrpora tionS and il shall be and IL Is 1ur-
ther authorized and empowered 10 do ana
perfOrm any act or thing and conduct any
and all business usually connected win
and pertaining to the affairs and business :
set forth in Article III of this charter which
is not specially prohibited by law.
Ii shall have power and authority TO hold.
own. receive and purchase and lawfully ac-
quirc by deeds OF conveyance, cohItact,
lease, rental or in any other lawful manner
the title and ownership TO all property,
real, personal and mixed and likewise with
full power and authority TO ALLEVIATE, us
pose Of lease, rent, sell, convey, mortgage,
hypothccate, pledge or otherwise cucumber,
its franchises and property, real, personal
and mixed, or any part thereof.
Ii shall have power to borrow money, and
10 issue notes, bonds and other evidences OF
indebtedness from time to time, and 10 Sc
cure the payment Of the same or any part
thereof, by pledge. hypOthecatiOn OF prop
erty, or by mortgage or other evidence Oh
real, personal and mixed, or any part there
Of
II shall have power to elect officers and
directors to name and appoint its managers,
agents and other employees and TO fix their
compensation and to discharge the same at
will; TO establish and adopt such bylaws
rules and regulations as may be deeemd ex
pedient and proper for the conduct ana
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 10 break ana
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 d0micile of this corporation shall he
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 the absence of both officers on the sec
retary Of this corporation.
ARTICLE III.
The objects and purposes Tor which TINS
corporation is organized and the nature OF
the business TO he carried on by II are
hereby declared to be:
1St. 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-
vidualS, firms or corporations for the con
struction of such canals, levees, roads.
bridges, bitches, dams, pumping plants and
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.
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
N no
sale of shells, gravel, sand stone and other
materials of a similar character and to hold
and exercise all such incidental powers and
privileges 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 charac,e";
and TO do in and all things necessary and
properly to carry out the business of this
corporation as herein set out without furtner
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 ($5O.OOOD, to Ie
represented by five hundred (J00) shares of
one hundred dollars each.
The company shall commence business and
become a going concern as soon as thirty
one (3l) 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, Suc.I
shares as may be issued or delivered and
for other property rights and franchises 10
be taken, accepted and received by the cor
poratiOn 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 eN
pedient The capital stock of the corpora
tiOn may be increased or reduced by pro-
ceedinSs 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 for
other property rights and franchises, which
may be thus paid for or exchar ged and made
over TO the company. The valuation Of any
and all rights, contracts. labor or services.
and property movable immovable and mixed,
corpOreal or incOrporeal, accepted and
ceived by the corporation for its corporate
purposes in payment, exchange or other
wise, for any of the shares of capital stock
OF tniS 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 j.
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 or
cause of action against the original or SUD
Sequent owner or owners of such shares Of
the capital stock issued to ii him, her or
them in payment or exchange for labor done
or services rendered, or for such rights.
valued by the board of directors as afo.e
said and each, every and any and all con
tract, contracts or undertaking made by or
entered into with this corporation shall be
subject to this provision of this charter.
All Of said stock shall be full paid and
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 of
directors may prescribe.
ARTICLE V.
The corporate powers of this corporation
the powers TO make and amend its
bylaws, and the management and control
OF its affairs, shall be vested in and exeI-
not less than three 90 or not more than
five (5) persons, who shall be the holder OF
at least one % share of the capital stock
of this company, a majority of whom, rep
resented either in person or by proxy, shall
a quorum for the transaction of
all business.
Any director in his absence from ary
meeting Of the board OF directors shall have
power to appoint in writing another director
or stockholder as his proxy, win full power
to act in his stead at such meeting.
The directors shall be elected annually |
by ballot by the holders of the stock, On
the first Tuesday of January OF each year. |
Each holder Of stock shall be allowed to
vote in person or by written proxy, one vote |
for each share OF stock owned by him aid
all eelctiOns shall be held under such rules
and regulations as may be adopted by the |
board Of directors. The directors thus elect |
nd shall continue in Office for one year and
until their successors shall have been Ily |
elected and qualified. Any failure to elect |
officers or directors shall not be regarded
as forfeiture of the charter. ANY vacancy |
on said hnard Of diractorS cho in |