The herald., 1914-05-28

canals, tunnels, bitches, fumes, drainage
systems, controlling works, power plants and
| irrigation works or plants, OF whatsoever kind
or nature, for the purpose OF irrigatlng lands,
| retaining submerged lands, storing wat
ers, and the draining and conveying Of wat
ers from one place or places to another place
| OF places.
To develop mineral oil lands, lay pipes to
| convey minerals and oil and gas, or to barge
| the same, and TO deal generally in minerals,
| gas, oil and mineral, gas or oil lands, in or
| out of the State of Louisiana, and for these
| purposes IL shall have power TO buy, sell and
| lease gas and oil lands, 10 erect buildings, TO
| bore wells, 20 purchase, erect and operate
machinery, to borrow money, TO buy, make,
| operate, lease and rent tank cars and tanks,
| and to do all things necessary, requisite or
convenient to carry out the purposes above
| set forth, as well as all powers inherent IN
and TO corporations.
| To acquire by purchase or otherwise, own,
| hold, buy, sell, convey, lease, mortgage OF
| cucumber real estate or other property, per
sonal or mixed, and TO survey, subdivIde,
| plat, improve and develop irrigated, sub
merged and other lands the purpose of
| sale or otherwise, and to do and perform all
| things needful and lawful for the development
and Improvement of the same for agricultural,
| planting, cattle raising, residence, trade and
| business.
Article III. The capital stock of this cor
| poration IS hereby hxed at the sum of fifty
| thousand dollars, divided into and represent
| ed by five hundred $500 shares Of the par
| value of one hundred dollars $4,000 each
| Sdlu STOCK snail De pdlu lot IN instruments
| OF such amounts and at such times the
| board of directors may determne, but any
| part parcel of said stock may be issued
| by said board Of directors at not less than
| par in payment of labor done or property
| actually received by saia corporation.
This corporation shall commence business
| and be a going concern soon three
| thousand dollars (S300OOO) of its capital stock
shall have been subscribed for, and this char.
| ter signed and executed by the incorporators
| Article ~. All the corporate powers OF this
corporation shall be vested in and exercised
| by board of three 90 directors to be com
posed of stockholders, two GU of whom shall
constitute a quorum for transacting all bust
| ness. The board OF directors shall be vested
| with full power and authority to make al
contracts, purchases and sales, and adopt al
bylaws, rules and regulations for the govern
ment of the business and affairs of the com
pany, and alter, amend and change the sam,
| at pleasure; appoint, hire and discharge al
| officers, agents and employees, Tx all salaries
| and generally do and perform all things neces
| sary IN the transaction OF the business anC
affairs OF the company. Any vacancy occur
| ring in said board shall be filled by the re
naming directors in the manner provided TO
| in the bylaws.
The first board of directors of this corpora
ton shall consist of Jacob Israel, lsidor,
| Israel and Ruth Israel, with the said Jacol
| Israel president, lsidore Israel as vict
president, and Ruth Israel as secretary treas
urer, who shall hold their Offices until tn,
fourth Monday of May, 1914 or until the
|
| On the fourth Monday in May, 1915, ant
annually thereafter, an election for direc
| tors shall be held at the office Of the com
pany under the supervision of two commIs
siOners to be appointed by the president, anC
the directors then elected shall take the
seats Immediately and shall hold Office unit
their successors are duly elected and qualified
Zach board shall elect its officers, whicl
shall consist OF president, a vice president
secretary treasurer; two of said Offices ma,
be held by the same person.
| All corporate elections shall be by ballot
and a majority Of the votes cast shall elect
and at all stockholders meetings held 70
any purpose, each share OF stock shall be en-
titled to one vote, either in person or By
proxy, by the person in whose name same i
registered on the books Of the company, ant
| transfer books for a period not exceeding
| thirty days before any meeting.
Written notice Of stockholders meeting
shall be given to each stakeholder by tn
secretary-treasurer at least ten l0) day
prlor TO elections, by mailing same, postag
prepaid, to his last known pOstofIce address
! Article V. This act Of Incorporation ma,
be changed, altered or modified, or the cor
poratiOn dissolved, with the assent OF three
fOurths OF the stock present or represente,
at any general meeting OF the stOckholder
convened for that purpose after 30 days prio
notice Of such meeting shall have been give
| by publication IN one OF the daily newspaper
published in the city Of New Orleans b,
three publications during said period, an
such changes as may be made in reference {
the capital stock shall pe made in accord
ance with the then existing laws on the sub
JeCt.
Article VI Whenever this corporation :
dissolved by limitation Of its charter or fror
any cause, its affairs shall be liquidated b.
two commissioners to be appointed fr0r
among the stockholders at a meeting OF tn
stockholders convened for that purpose ate
90 days prior notice shall have been give
by the secretary-treasurer to each stockholdei