The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-01

| ARTICLE l.
i The name of this corporation shall b
THE Jefferson Shell & Contracting Com
pany," and under its corporate name II shall
exist and have succession for period o
and it shall have and exercise for the pur
pose of its business, all the powers, rights
and privileges conferred by law on simia
corporations, and it shall be and 1t Is fur
Their authorized and empowered to do ant
perform any act or thing and conduct an,
and all business usually connected will
and pertaining TO the affairs and business a.
set forth IN Article III of this charter, which
is not specially prohibited by law.
1t shall have power and authority to hold
own, receive and purchase and lawfully &C
i quire by deeds Of conveyance, contract
| lease, rental or in any other lawful manner
the title and ownership to all property
real personal and mixed, and likewise witt
full power and authority TO ALLEVIATE, dis
pose of, lease, rent, sell. convey, mortgage
L hypOthecate, pledge or otherwise cucumber
its franchises and property, real, persona
| and mixed, or any part thereof.
Il 1t shall have power TO borrow money, and
to issue notes, bonds and other evidences OF
! Indebtedness from time to time, and to Sc
| cure the payment OF the same or any part
thereof, by pledge, hypothecation of prop
| erty, or by mortgage or other evidence ol
! lien placed upon its franchises and property
| OF.
1t shall have power to elect officers and
| directors, TO name and appoint IFS managers
| agents and other employees, and to fix their
compensation and TO discharge the same al
will; to establish and adopt such bylaws
| rules and regulations as may be deeemd ex.
pedient and proper for the conduct and
| management OF its property and business,
and the same to alter, amend and abolish
| at pleasure: to make and use a common or
| corporate seal and the same to break and
| perform all acts and things requisite and
| necessary to carry out the objects and pur-
poses of this corporation.
ARTICLE III.
| The dOmiCile of this corporation shall be
| 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 his absence, on the Vice President and
| In the absence of both officers on the sec
rotary OF this corporation
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by Ii are
hereby declared 10 be:
LIST. To purchase, rent and build, operate
and sell aud lease for operation, ditching
machinery dredges. barges, tOwboats and
water craft of any kind or nature.
2nd. To enter into contract with indi-
Vlduals, hrmS 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 ind-
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
in the purchase and acquisition, lease and
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 characce";
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 to be the sum
Of fifty thousand dollars CS5O.OOO), to Be
represented by five hundred 5000 shares of
one hundred dollars each.
The company shall commence business and,
become going concern as soon as thirty
one, t31) or more shares have been sub
scribed.
The shares of the capital stock of this
corporation shall be paid for in money, or
shares as may be issued or delivered and
for other property rights and franchises to-
be taken, accepted and received by the cor.
poratiOn for It's 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 ex
pedient. The capital stock of the corpora
tiOn may be increased or reduced by pro-
ceedings 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 exchanged and made
over to the company. The valuation Of any
and property movable, immovable and mixed
corporeal or incorporeal accepted and re-
ceived by the corporation for Its corporate
purposes in payment, exchange or other
wise, for any Of the shares of capital stock
of this 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 d
creditors dealing with this corporation, are
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,
franchises, credits, contracts and property
valued by the board of directors as afoie
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
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, |
including the powers to make and amend its |
bylaws, and the management and control |
Of its affairs, shall be vested In and exer- |
cised by a board Of directors composed Of |
five 90 persons, who shall be the holder of |
at least one 1) share of the capital stock
Of this company, majority of whom, rep
resented either In person or by proxy, shall
constitute quorum for the transaction of
all business.
Any director In his absence from aryl
meeting Of the board Of directors shall have
power to appoint In writing another director
DR. stakeholder 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, IN
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
'or each share of stock owned by him aad
Ill elections shall be held under such rule,
Ind regulations as may be adopted by the
u shall continue in Office for one year and
Until their successors shall have been lily
elected and qualified. Any failure to elect
,ficers or directors shall not be regarded
Is forfeiture of the charter. Any vacancy
occurring on said board Of directors shall