The herald. [volume] (New Orleans, La.) 1905-1953, 1914-12-03

personal and mixed; to issue bonds, notes
and other obligations; to have and employ
such managers, directors, oincerS, agents and
other employees as the interest and conve-
nIence OF SAID 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 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
ton.
Article III.-The objects and purposes for
which this corporation is formed and the ma
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 or 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 depository
for individuals, firms or corporations; to
guarantee titles to land or other real estate,
and to issue guarantee other bonds; to re-
claim and improve landed property; to lay
out town lots suburbs, pave streets, con-
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 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
incidental "a nj he ee
hereinabove set forth and not prohibited BY
the laws or Constitution of the state of Louisi
ana.
Article-IV. The capital stock of this cor.
poration is hereby fixed at the sum of Ter
thousand (Sl0,000.0O) Dollars (which may be
increased to sum not exceeding Twenty FIVE
thousand (2S,0O0Oo) Dollars), divided into on,
| thousand 0,00Ol shares of the par value o.
| Ten $1,000 Dollars, each, which shall be paiC
| for in cash or installments on the call of the
| Board of Directors, or 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
| worcestershire. No transfer of stock shall b,
| binding upon the corporation. and all certf
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 a Board of Directors
| composed of three stockholders, which numbe
| may be increased to more than seven, a
| the discretion of the Board Of Directors, a 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
| lot of the stockholders. Each stockholder shall
be entitled, in person or by written proxy I
! one vote Of each share of stock owned by hin
| and standing in his name the books of tn
| corporation. All elections shall be held undo
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
sent to his last known address, or by public
ton for at least ten days preceding such elcc
tion in one of the daily English newspaper
published in the City Of New Orleans. TIL
directors thus elected shall continue in ofic