The herald., 1914-06-04
THE HER AID

and agents az the interest and convenience
Of said corporation may require, and 10 make
and establish, as well as alter and amend
At pleasure. such bylaws, rules and rcsula-
tlous for the proper management and regula-
u0u of the affairs Of said corporation Is may
be necessary and proper.
Article 1.-THE d1wiClle OF SAID corpora
ti.u shall he al New Orleans. parish OF Or
leans state Of Louisiana, and all citation
or other legal process shall be served upon
the president Of said corporation, or ~ case
II hrs absence upon the vice. president, or,
IN the absence OF both II these officers, upon
the secretary Of the coIporatl...
Article IlI-Thc objects and purposes Tor
which TINS corporation = established, and the
nature ot the business 90 uc carried on by u,
are declared and SprC,-cd 20 De. To bay. sell.
lease. hold, reclaim. develop, improve, bGsll
ui..r, ,rIiGatc and cultivate lands and rea.
property 81 all kinds: TO buy. sell erect or
lease houses and land, Tor dwellings, OF for
commercial, ur other purposes {. lay put W.
la.r ~It,- town sites and manufacturing
sizes. 10 buy, sell. store, snip, forward and
handle, -i.r. sugar, cotton, sugar cane and
other a-gI.u.turl products. wood, timber,
lumber and articles made there'roa and TO
manufacture such ARTICLES; % purchase, con-
-rrucr. own. lease and operate canals and
canal rights OF way, or interest therein, 10
buy. sell. hold and Otherwise acquire and
alternate stocks and bonds; provided that
SAID COOPERATION SElI MOI engage IN TIE
business rI stock 1ulUl-C. and s.a. be with
..t 'ar power OF eminent domain and 10 o.
ANY and all such acts and things a- may or
Tie aforesaid objects and purposes.
Article i\.-lhc capital s..u. @. sard cor
In.a'.Hu j. hereby INyl III me sum o. bIe
hundred thousand S.uorHg0 dollars, d..
vlIcl l.t0 and represented 10y one thousand
Nnun shares of a lar value 4 one hundred
.SlTUl dollars each and shall be PAID igt
Iu cash or IN property or services, II suga
tine and Iu such amounts and manner as The
In the event that any stakeholder shall de
sire 20 dispose OF hrs STOCK, same must be
.r~i oncred Co. The board o. directors IN WHt-
ing, who shall have 1--WE days within winch
go purchase the same tor the company, ~ the
hest price tlr which the holder has bona
tide oNcr. In the event OF lallUTe OF the
board Of directors 10 purchase sad stock
u shall he offered 10 the then SiocNhoiieTs,
who shall have uvc days within which to
purchase same, at the best rrice for which
the holder has a bona Idc otter. The board
u directors Is specially authorized TO issue
the whole or sand capital stock, or any part
thereof, IN exchange Tor real estate OF not
less than the reasonable value OF the stock
issued therefor This corporation shall he
authorized TO begin business Whenever ten
thousand dollars Of ITS capital stock shall !
have been subscribed for.
Article V.-Au the powers Of this corpora !
non shall he vested In and exercised by 4 /
hos-1 nf SIX directors each of whom shall
hold in his or her own name at least one
share of stock: said board Of directors shall
he elected annually on the first LEGAL dav
of February of each wear; the first election
"a he hold in the yc5r 1qIs All such eler.
Mons sLsU he NV ballot at the offire NJ the
corDoration. under the supervIsion OF three
Observation-Disclosures n be annojnted bv the boaTd
Of directors. and in the absence Of anv com
nissioncrs the president shall have power to
in the place by appointment, and Of all such
eIertiort as veil as of ali meetings Of stark.
holders. cxcept purposes OF LIQUIDATION or
dissolution or as otherwise required by law
Ten DAYS notice shall be Given hv mailing 70
ra-t. SforL Lorfr- who arrears as such ON the
h,ogs - tLe r,rrrsr,, a. MS last drsigratcI
address. or At he general delivery. at New
Orleans If he has not DESIGNATED an address
an announcement stating the time and place
of The meeting. Each SHAREHOLDER shall be
entitled 10 one vote tor ccah share OF stock
COMPANY. cast in person or bv proxy. and the
majority Of the votes cast shall elect The
bor-d NJ directors shall have mower IN fiji all
yar7rrfrs thar NAV occur on The hoard Fail.
rrc IN elect directors on the d9v above spc-
.freT shall r1- dissolve the c1rrorafior L,r-
the directors then in office shall remain IN
r,.-e ,r,rI ,rcir successors are elected Due
notice ~ another election shall forthwith be
given rs above provided Such notice Of cleo
hon shall "a. continued 10 he Given until an
election j. held
4 majority, Of the directors shall constitute
n rrg-r,r- for the transaction # any business
Tho hoard nf directors n their first meet.
- f,r,,-i--r "a RI, annual meeting shall eIcr+
rom rIri- T,,rr-br- a nrcsidcrf a yiCc.nresi-
de-t and a sccref1r,-rre.=, ,-e- ard such
o-Lc- .A-rrrs as the hoard Shall deem nee
rs-,-y. bur s7id other officers need not be
members of the hoard Of directors. The board
TWO or more Offices and the same to confer
mon one rc-so-. and shall have power 10 tx