The herald. [volume] (New Orleans, La.) 1905-1953, 1914-04-30
CHI RTER


uF THE HONDURAS TRADING AND DE-
NELOPMENT COMPANY;
United States Uf America, state OF LOUISIANA,
Parish OF Saint Iamwauy.
BE il known That on this sixth day Of the
month OF january, III the year OF our Lord,
one thousand nine hundred and fourteen, be
Inc IN and for the parish OF Saint lammany,
State of Louisiana, therein residing duly
commissioned and qualified and IN the pres,
CUcc Of the witnesses hereinafter named and
undersigned, personally came and appeared
the several persons whose names are here
matter subscribed, who sevcrally declared that
avdIlIug themselves Of the laws OF the State
OF Louisiana IN such cases made and pro
yIded, they have Covcuautcd and agreed
ami do by these presents covenant and agree
and bind themselves, as well as all such
with them, TO form a corporation Tor the OBJ
jcctS and purposes and under the articles
and stIpuiations follow e, to.wlt:
Article !. The name Of this corporation
shall be Honduras Trading & Development
Company and under its said corporate name
1t shall have power and authority to have
and enjoy corporate existence and succession
for the tuIl term and period OF ninety-Hlue
years from and after the date hereof; to con-
tract, sue and be sued, to make and use a
corporate seal, and the same to alter and
break at pleasure; 10 hold, receive, lease
purchase and convey, as well as mortgage
and hypOthcCatc property, real, personal and
mixed, CorpOredl and luCOrporeal; 10 name
and appoint such managers, agents, dlrec-
.
and convenience may require, and 10 make
and establish, as well as alter and amend,
/ from time to time, such bylaws, rules and
/ regulations for the proper government OF the
affairs OF SAID corporation as may be neCeS-
/ sary and proper.
/ Article H. The domicile Of said corpora
| ton shall be in the City Of New Orleans,
| State OF Louisiana, and all citations or other
! legal process shall be served on the president
/ of said corporation, or in the event OF his
absence, on the vice president thereof, and
/ in the absence of both of said officers, upon
/ the secretary OF said corporation.
! Article Ill The objects and purposes Of
] this corporation are hereby declared to be
to construct or purchase, lease and operate
| saw mills for the purpose OF manufacturing,
/ selling and dealing in lumber, timber and
logs; to purchase, lease, own, hold and sell
! lands; TO carry OF a general business tor the
manufacture, purchase and sale OF turpen-
tine rosin a1d other products derived from
wood; to purchase, work and sell mines and
minerals, and oil and gas wells and the prod
ucts thereof; to conduct genera! mercantile
business, either wholesale or retail; TO build
own, lease and operate barges, lighters,
sail or steam vessels, with necessary wharvcs
docks, landings and ship yards, but not as
common carrier; to construct, purchase or
lease and TO operate tram roads and rail
roads, but not a common carrier; to con-
. struct, purchase or lease and operate cTeo-
sotIng and wood preserving plants; to buy,
sell and deal in building materials of all
| kinds; to breed, purchase and sell horses,
cows, and other live stock and poultry; to
| construct and operate water powers, and to
acquire and operate electric light plants Tor
| the furnishing of electricity for light and
power; to acquire and operate ice plants and
sell the product thereof; and generally to do
all things that may be necessary, convenient
| or incidental to the carrying on OF any OF
/ the above objects and purposes. Such bust
| ness and operations are to be carried on in
| Spanish Honduras, Central America, or in
/ such other places or countries as the corpor-
alton may determine.
Article " The capital stock of said cor
! poration is hereby fixed at the sum of two
| hundred and fifty thousand dollars, divided
| into and represented by twenty five hundred
shares of the value of one hundred dollars
each. Said stock shall be paid for in cash,
at such time and in such amounts and aftel
such notice to the subscribers, as may be
| fixed by the board of directors, the same
may be issued at not less than par for labor
done, or property actually received by the
| corporation.
Article " All the corporate powers of said
corporation shall be vested in and exercised
| by a board of directors to be composed OF
not less than five nor more than nine direc.
tors, to be elected annually on the second
Monday in January, except the first board
| appointed by this charter, who shall hold
their office until the second Monday in JAN
uary, 1915.
All such elections shall be held by ballot
and conducted at the office of said corpora
ton, under the supervision of three commits
sioners to be appointed by the board of di.
rectors.
Notice of such election shall be given by
the secretary of the company by publication
for not less than ten days prior thereto in
newspaper published in the parish Of Or.
| leans
At all such elections and at all corporate
meetings, every stakeholder shall be entitled
to one vote for each share of stock standing
in his name on the books of the company, to
be cast in person or by his written proxy,
and majority Of the votes cast shall elect
| Any vacancy occurring among the direc.
tors by death, resignation or otherwise, shall
be filled by election for the remainder OF
the term by the remaining directors.
| failure to elect directors on the date
above specified. shall not dissolve the cor
poration, nor impair its corporate manage