The herald., 1914-11-26

personal and mixed; to issue bonds, notes
and olher OUlIgauOuS; to have and employ
sucn managers, directors, otheeTs, agents ana
Uther employees the interest and Couve-
nIence OF sand corporation may require or
demand, and to make and establish such by
laws, rules and regulations TOR the corporate
management and control OF the business and
AFFAIRS OF the corporation as may be deemed
necessary or eXpedIent.
Article 1.-The domicile of said corpora
ton shall be in the city of New Orleans,
state OF Louisiana, and all citations and
other legal process shall be served on the
president and in his absence on the vice-pres-
ident OF said corporation. In the absence OF
both OF said officers, then said process shall
be served on the secretary OF said corpora
tion.
Article III.-The objects and purposes for
which this corporation is formed and the
| ture of the business to be carried on by it
are hereby declared to be: to deal in, buy
| and sell, for its own account for the ac-
count OF other, all real estate, lands, tene-
| ments, etc, mortgages, mortgage notes, bonds,
| shares of stock and all other securities; to
lend money on property, both real and per-
| sonal, and to make leases; to act as broker,
| or commission agent or trustee or depository
| for individuals, firms corporations; to
| guarantee titles to land or other real estate,
and to issue guarantee or other bonds; 10 re-
claim and improve landed property; TO lay
1
struct sidewalks and alleys; to put down
| sewer, drainage, water and gas or other
| trenches or pipes and to connect the same with
| the municipal plants or for the sole use of
| such subdivision; to contract or erect, or to
| contract for the construction or erection OF
| buildings, workshops, mechanical plants, and
| generally TO do and engage in any and every
other kind of business or undertaking or enter
prise connected with, or growing out or ger
name or incidental TO any of the purposes
hereinabove set forth and not prohibited BY
the laws or Constitution of the state of Lousi
| ana.
Article-IV. The capital stock of this cor
poration is hereby fixed at the sum of Ter
thousand Slo,0oOoO) Dollars (Which may be
increased to a sum not exceeding Twenty-fv,
Thousand (2S,OO0O0) Dollars), divided into one
thousand 0.0OO) shares of the par value o.
Ten $1,000 Dollars, each, which shall be paiC
for in cash or installments the cell of tn,
Board of Directors, may be issued at no
less than par for property purchased by o.
services actually rendered TO said corporation
All shares of stock shall be full paid anc
non. assessable. No transfer Of stock shall b,
binding upon the corporation, and all certih
Gates of stock shall be signed by the Presiden
or Vice President and the Secretary of thi
corporation.
Article-V. All the corporate powers of thi
company shall be vested in and the manage
/, ment and control of its business and affair
!, shall be exercised by Board of Directors
, composed of three stockholders, which numbe
may be increased to no more than seven, a
the discretion of the Board of Directors ma
jority of whom shall constitute a quorum 70
the transaction of all business. The director
shall be elected annually on the first Tuesda,
of the month of January Of each year, by bal
J lot of the stockholders. Each stakeholder shall
be entitled, in person or by written proxy {
one vote of each share of stock owned by hir
and standing in his name on the books Of tn
! corporation. All elections shall be held unde
such rules and regulations as may be determi
ned by the Board of Directors, but after a
least ten days notice of such election shall
have been given to each stakeholder by mai
sent TO his last known address, or by publica
] ton for at least ten days preceding such cleo
tion, in one Of the daily. English newspaper
r published in the City of New Orleans. TIL
directors thus elected shall continue in offc
for one year or until their successors shal