The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11

Iations for the proper conduct, manasemest
and regulation OF the analrs OF saIu ro'p0
alton as may be necessary and proper
Article 1.-THE domiclle OF sara toTpol
alton shall be at New orleans, Ioulsland;
and all citations or other legal process snaL
be served upon the president or said cor
Doration, or In the event OF his absence upon
The vice president, or In the absence or Doth
OF these officers, upon the secretary.
Article III-The objects and purposes
for which this corporation is established,
and the nature Of the business TO be carried
on by ii, are hereby declared and specined
to be:
lease ALLEVIATE, receive, acquire and deal In
real estate and interests therein of all sorts
in the state Of Louisiana or elsewhere II
the United States 10 develop, Improve, cul-
tiyate and sell the same to locate. develop,
improve AMI operate tOwnsiteS and villages
upon any lands that IL may own or acquire
10 introduce from any part OF the United
States or any foreign country, colonlSts or
settlers TO cultivate and develop It's lands
to engage in the general colonization busl-
ness for its own account, or as the agent
Of others; TO develop oil. mineral and tim
Der lands by drilling wells, and mining 1of
all kinds Of minerals, constructing sawmils,
building logging roads, and manufacturing
and marketing the product and output OF
such wells, mines and mills; 10 buy or
build. maintain and operate stores, pack
ing houses. tramroadS, warehouses, eleya'
tors dwellings, water craft, pumping drain
age and irrigation plants, stations and
stock to engage in the business Of farmers
and planters: and generally to hold and eI-
erciSe all such incidental powers and priv
ileves as relate TO the powers hereinaOoVe
set forth.
Article IV-The capital stock OF said
corporation is hereby fixed at one hundred
and fifty thousand $3.50, 100000 Dollars
divided into, or represented by SIX thousand
80 OOOD shares, Of twenty-five (S2J.OO) dol
lars each.
Article v.-An the powers Of this cor
pOratiOn shall be vested in and exercised by
a board of directors TO be composed Of not
less than three or more than seven stock
holders. TO be elected annually on the first
Monday Of September OF each and every
year. All such elections shall be by ballot
conducted al the once Of the said corpora
tion under the superintendent OF three com
miSSlOners to be appointed by the board OF
directors; and of such eection-aS well as
of all meetings OF stockholders, except for
the purpose OF liquidation or dissolution,
or as otherwise required by law-ten days
notice shall be given by mailing to each
stakeholder who appears as such on the
address, or at the general delivery ar New
Orleans, II he has not designated an address.
an announcement stating the time and place
of meeting
vote for each share OF stock standing in his
name on the books of the company, 10 be
east in person or by proxy, and the majority
of the votes cast shall elect.
The board of directors shall have the
power TO nil all vacancies that may occur
on the board.
The failure to elect directors on the date
above specified shall not dissolve the cor
pOration. bur the directors then in Office
shall remain in Office until their successors
are elected Due notice of another election
shall be given as above provided, and such
notices Of election shall continue TO be given
until the election Is held.
A majority OF the directors shall cOnsti
tute a quorum for the transaction OF any
e, %I,aEz
first meeting following each annual election
shall elect a president, vice president, sec
rotary treasurer, and such other officers as
II shall deem necessary. The board shall
have power in its discretion to unite two
or more offices, and the same TO confer upon
one person.
The board OF directors may make and
establish as we'll alter and amend, any
and all bylaws, rules and regulations nee
essary and proper for the support and man
agement Of the business and affairs of said
corporation, not inconsistent with its char
ter.
Said board shall also have full power and
authority to borrow money through the
president or some other duly authorized
agent or agents to execute mortgages, issue
notes, bonds or other obligations and gen.
orally TO do things reasonable and necessary
for the proper carrying on OF the business
of the corporation; as also to issue and
deliver full paid shares Of stock or bonds
or obligations OF said corporation in pay
ment Of labor or money borrowed, or prop
erty or rights actually received by said cor
poration.
Any member OF the board OF directors who
may be absent from the domcile OF the COM
pany, or who may be prevented by sickness
from attending, may give a written proxy TO
any other member OF said board OF directors
to represent him in all matters at any meet
Ing OF the board OF directors. whether gen.
eral or special.
Article VI-whenever this corporation
may dissolve, either by Limitation or by any
other cause whatsoever, its affairs may be
liquidated by three 90 stockholders to be
appointed at general meeting OF the stock
holders for the purpose of liquidation as
hereinafter provided, each share being enti-
tied to one vote in person or by proxy. Said
commissioners shall remain In office until
the affairs Of said corporation shall have
been fully settled and liquidated, and shall
have full authority and power to transfer
and give title to all the assets and property
Of the corporation. In case Of death. disa-
bility, or resignation Of one or more OF sa Id
commissioners, the vacancy shall be filed
by election by the surviving commissioner
or commissioners.
cred by a three-fourths vote of the entire
stock, cast at meeting called for that pur-
pose, to sell the entire assets of this cor
pOratiOn. either for cash, or for stock In
some other corporation.
Before any stakeholder shall make a sale
of his stock he shall offer same to his CO.
stockholders, who shall have the preference
over outside parties in the purchase of said
/
be equal to those available elsewhere.
ArtIcle VII.-This act of the corporation
may be modified or altered, or said corpora
ton may be dissolved, with the assent OF
three-fourths of the capital stock repre-
| scented at a general meeting OF the stock
| holders convened for such purpose after
| previous notice shall have been given in one
or more daily newspapers published in New
Orleans three times within the ten days
| next preceding next meeting, and notice
mailed each stakeholder, who appears as
such on the books of the company, to the
post office address designated by him, or IN
case of failure to designate an address TO
the general delivery, city of New Orleans.
Any changes which may be proposed or
made In reference to this capital stock of
said corporation shall be made In accordance
with laws Of the state Of Louisiana, on
the subject, and 1t may be increased or di.
minished upon compliance Herewith upon
| an affirmative vote of two-thirds of the
| stock Of the corporation.
Article VIII.-No stakeholder shall ever
| be held liable or responsible for the con
tracts or faults Of this corporation in any
further sum than any unpaid balance du,
on the shares of stock owned by him mol
| shall any mere informality in organization
have the effect of rendering this charter
null, or Of exposing stakeholder to an!
liability beyond any amount due on hi
stock.
Article IX.-The first meeting of tn
stockholders Of this corporation shall b
held, without further notice, on the 22n,
day of August at which meeting a boar
of directors shall be elected to serve unit
the next annual meeting or until thei
successors have been duly elected and In
stalled.
Article X.-Said corporation shall com
mence business or operations as soon q
one hundred and twenty 120) shares o
Its capital stock shall have been subscribe