The herald., 1914-01-29

the same, either in bulk or by plot or othe;
subdivision; to plot, layout or subdlvide any
and all lands acquired by said corporation
to erect dwellings and other improvements
and buildings thereon, and to lease, hypolhe'
cate or sell the same; to build, erect CON
struct, and to contract for the building cree
ton and construction OF all kinds OF Hpuses, Sii
fats and apartment houses or other OullulhsS
of whatever kind, and to operate, lease or seli
the same; to cut bitches, drains or buiIu
tramways for the Improvement OF such lanus
I. cultivate and sell, manufacture ana
sell the products or accretion OF such lands'
TO issue bonds, borrow and lend money Sc
cured by mortgage or otherwise; nave anu
to employ such managers, directors, oncers,
agents and other employees as the interest OF
the said corporation may require; TO MAKE
and establish such bylaws, rules and reguia-
tions for the management and control OF the
affairs of said corporation as may be neces-
sary: to have and to possess all the powers
granted by the laws of this state; TO DO All
things necessary and proper 10 develop, I'm. I'm.
| erty of this corporation, and to carry out the
objects and purposes for which this corpora
ton is formed.
| Article 1.-THE domicile of this corpora
tan shall be the city of New Orleans, Louisi-
shall be served on the president or in his
absence, on the vice-President, and IN tne
| absence of both, on the secretary.
| 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 hereba declared to be to deal ln acquire
purchase, hold, exploit, lease, sell ana mort =
i gga0r real estate improved and unlmproved
OF whatever nature, and all manner OF Ianos
| throughout the state of LOUISIANA, IN the Ke-
public of Nicaragua and eisewhersI pa1sIv,
of two hundred and eighty-hve thousano seven "a
hundred and twelve acres OF land 10 pe
purchased by the SAID corporation S snI uo oi
scribed as Hands situated on both sldes OF
Punta Gorda river, and extending from Mon,
!, kew Point on the Atlantic Ocean side, and
western side by La Flor, in the departmen,
of Chantales in the Republic OF Nicaragua
, | TO exploit the same well as to develop, I'M
prove drain and plot out into subdlviSions
any and all OF such lands, erect dwellings
and other buildings and improvements there
on, and to lease, hypothecate, sell or other
wise market the same or its products, II
whole or in part; to build, erect, construct
and to contract tor the exploltalioll' I n
= erecting of all necessary machinery ana con
| structon of all necessary tenement houSes
flats or apartment and other buildings OF hk'
character; to build and operate tramways anC
manufacturing plants; to construct ana nam
tain all manner of machinery and mining I'm
plements for minerals and ores and the msI ma
5 keting of same; to act as agents loI otlI
: corporatons, individuals or hrms, Tor the ssl
a OF lands minerals, ores or other products o
4 mines; to collect rents, and IN TINS capacit!
, to charge and collect commissions ana com
, pensation as payment for such services, am
: TO do all things pertinent or germane 10 IN
c powers herein granted
s Article IV.-The capital stock of this corpo
!, | ration is hereby fixed at one million hve nun
. dred thousand Isl 100000 dollars; divided INT INT
= and represented by one thousand FIVE hundre
= n 5n0C shares of the par value of one thousan
! Isl OO0) dollars each; which said stock sha
4 be paid for in cash or in such instalments
= | the board of directors may direct or tor iaDc
. | done or for rights or property actually n
!, ceived by said corporation. All transfers
: the shares of the capital stock OF this corp; @
i | ration shall be entered on the STOCK Dool
i ard no transfer of stock shall be in any mai
ner binding on this corporation until SO re-
r, istered in its said stock book.
~ Article V-This corporation shall become
Il going concern and commence business VINE
% not less than one thousand shares of its ca
d ;tal stock shall have been subscribed TO
:, and if any shares remain after the SAID Of
- ! thousand shares required to make this corp
D. ration a going concern, shall have been su
e scribed to, said remaining shares may be di
:. posed of by the board Of directors Tor cas-
. property or labor, at not less than par Valu
G hll shares shall be full paid and non-assess
:. bic.