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

the same. either in bulk or by plot or other
subdivision: to plot, layout or subdivide 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: to bulid, erect, con-
,trllct and To contract for the building, cree
ton and construction OF all kinds Of houses,
flats 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, officers,
agents and other employees as the interest OF
the said corporation may require; TO make
and establish such bylaws, rules and regul a
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
prove and market the lands and other prop
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. 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 unimproVed
of whatever nature, and all manner OF lands
throughout the state of Louisiana, i'll the Re
public of Nicaragua and elsewhere, partic-
ularly including the exploitation in Nicaragua
of two hundred and eighty-hve 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 well 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
OIL, and to lease, hypothecatc, 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, building,
erecting OF all necessary machinery and con-
struction of all necessary tenement houses,
flats 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 for other
corporations, individuals or firms, for 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 germane to the
powers herein granted.
Article IN.-The capital stock of this corpo-
ration is hereby fixed at one million FIVE hun
dred thousand (Sl,5GO.0OO) dollars, divided into
and represented by one thousand five hundred
q 500 shares of the par value of one thousand
Isl ,OO0 dollars each; which said stock shall
be paid for in cash or in such instalments as
the board of directors may direct, or for labor
done, for rights property actually re,
ceved by said corporation. All transfers OF
the shares of the capital stock OF this corpo
ration shall be entered the stock book
and no transfer of stock shall be in any man
ner binding this corporation until so reg
istered in its said stock book.
Article V.-This corporation shall become
going concern and commence business wher
not less than one thousand shares OF its cap
ital stock shall have been subscribed for
and if any shares remain after the said on,
thousand shares required TO make this corpo
ration going concern, shall have been sub
| Scribcd 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
| Bile.