The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-08

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, hypothe-
cate or sell the same; 10 build, erect, con-
struct, and to contract for the building, cree
ton and construction of all kinds of houses,
fats and apartment houses or other buildings
of whatever kind, and to operate, lease or sell
the same; TO cut bitches, drains or build
tramways for the improvement OF such lands
to cultivate and sell, or manufacture and
sell the products or accretion OF such lands;
to issue bonds, borrow and lend money Sc
cured by mortgage or otherwise; nave ana
to employ such managers, directors, othcers,
agents and other employees as the interest OF
the said corporation may require; to make
and establish such bylaws, rules and regula-
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 to develop, 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
ton shall be the city of New Orleans, Louisi-
ana, and all citation or other legal process
shall be served on the president or in his
absence, on the vice-president, and in the
absence of both, on the secretary.
Article III.-The objects and purposes for
which this corporation is formed and the ma
are herebq declared to be to deal in, acquire,
purchase, hold, exploit, lease, sell and mort.
gage real estate, improved and unimproVeo
of whatever nature, and all manner OF lands
throughout the state of Louisiana, in the Re-
public of Nicaragua and elsewhere, partic-
ularly including the exploitation in Nicaragua
of two hundred and eighty five thousand seven
hundred and twelve acres of land to be
purchased by the said corporation and de:
scribed as lands situated on both sides OF
Punta Gorda river, and extending from Mon:
key Point on the Atlantic Ocean side, and
western side by La Flor, IN the department
of Chantales in the Republic of Nicaragua |;
to exploit the same as we'll as to develop, i'm
prove, drain and plot out into subdivisions
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, in
whole or in part; to build, erect, construct,
and to contract for the exploitation, buiiding'
erecting Of all necessary machinery and con-
struction of all necessary tenement houses,
fats or apartment and other buildings of like
character; to build and operate tramways and
manufacturing plants; to construct and main
tain all manner of machinery and mining i'm
Elements for minerals and ores and the mar
keting of same; TO act as agents tor other
corporations, individuals or hrms, TOR the sale
of lands, minerals, ores or other products of
mines; to collect rents, and in this capacity
to charge and collect commissions and com.
pensation as payment for such services, and
TO do all things pertinent or germane to the
powers herein granted.
Article Iv-The capital stock of this corpo-
ration is hereby fixed at one million FIVE hun
dred thousand (Sl, 500 0OO dollars, divided into
and represented by one thousand FIVE hundred
Q,s00) shares of the par value Of one thousand
$1,000 dollars each; which said stock shall
be paid for in cash or in such instruments as
the board of directors may direct, or for labor
done, for rights or property actually re.
ceived by said corporation. All transfers Of
the shares of the capital stock of this corpo-
ration shall be entered on the stock book,
and no transfer of stock shall be in any man
ner binding on this corporation until so reg
istered in its said stock book.
Article V-This corporation shall become a
going concern and commence business when
not less than one thousand shares of its cap
ital stock shall have been subscribed for,
and if any shares remain after the said one
thousand shares required to make this corpo-
ration a going concern, shall have been sub
scribed to, said remaining shares may be dis
posed of by the board of directors for cash,
property or labor, at not less than par value
All shares shall be full paid and non-assessa-
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