The herald., 1914-03-26
CHAR TER
OF THE IlONDURA TRADING AND DE
NELOPMENT COMPANY

| United States OF America, State OF Louisiana.
Parish of Saint Tammauy.
BE n known, That on this sixth day OF the
month Of January, IN the year Of our Lord,
one thousand nine hundred and fourteen, be
fore me, benjamin VI. Miller. d notary pub
Inc IN and tor the parish Of Saint Tammany,
| State OF Louisiana. therein residing duly
commissioned and qualified. aud IN the pres
cuCc OF the wItncSNc, hereinafter named and
| undersigned, personally came and appeared
! the several persons whose names are here
! matter subscribed, who seyerally declared that
! ayalllug themselves OF the laws OF the State
| Of Louisiana IN such cases made and pro.
| ylded, they have Cuvcuautcd and agreed
| and do by these present, covenant and agree
/ and bind themselves, a. well as all such
| persons dS may hereafter become associated
/ with them, To- form q corporation Tor the OBJ
JcCtS aud purposes and under the articles
and rtIpulatIouS follow ing. to-wit.
! Article !. The name OF this corporation
shall be Honduras Trading Il Development
| [ umpany, and under it, SAID corporate name
! II shall have power and authority To have
and enjoy corporate existence and succession
| for the full term and period OF ninety 3 nine
years from and after the date hereof; TO con-
| tract. sue and be sued. To make and use a
| corporate seal. and the same to alter and
] break AZ pleasure; 70 hold. receive, lease.
/ purchase and convey, a. well a. mortgage
| and hyPothcCatc property. real, personal and
| mixed. CyrPorcai and luc'rporeaI. to name
! and appoint such managers, agents, dIrcc-
| tors and otuCCr> a. Its business. interests
| and convenience may require. and 70 make
/
/ from time To time, such bylaws, rules and
! regulations Tor the proper government OF the
| affairs Of SAID corporation as may be neces-
| Article H. The domiciIe OF said corpora
| ton shall be IN the City Of New Orleans,
State Of Louisiana. and all citations or other
Z legal process shall be served on the president
! OF SAID corporation, or IN the event u his
absence, on the wee pres dent thereof, and
IN the absence of both OF said officers, upon
the secretary OF said corporation.
ATfI he ll1 md OF
this corporation are hereby declared 10 be
10 construct or purchase, lease and operate
saw mills for the purpose OF manufacturing.
selling and dealing IN lumber, timber and
logs; to purchase, lease own, hold and sell
lands; to carry on a general business for the
manufacture, purchase and sale of turpen-
tine. rosln and other products derived from
wood; TO purchase, work and sell mines and
minerals, and OIL and gas wells and the prod
uCts thereof; to conduct a general mercantile
business, either wholesale retail; to build,
own, or lease and operate barges, lighters,
sail OF steam vessels. with necessary wharvcS,
docks, landings and ship yards, but not as a
common carrier; 10 construct, purchase or
lease and to operate tram roads and rail
roads, but not common carrier; to con-
StruCt, purchase lease and operate creo-
sotng and wood preserving plants; to buy,
sell and deal in building materials Of all
kinds; TO breed, purchase and sell horses,
COWS, and other live stock and poultry; to
construct and operate water powers, and to
acquire and operate electric light plants for
power; TO acquire and operate ice plants and
sell the product thereof; and generally to do
all things that may be necessary, convenient
or incidental to the carrying on Of any of
the above objects and purposes. Such bust
ness and operations are T. be carried on IN
Spanish Honduras, Central America, or in
such other places or countries the cOrpor-
alton may determine.
Article ". The capital stock Of said cor.
poratlon Is hereby fixed at the sum of two
hundred and fifty thousand dollars, divided
into and represented by twenty-five hundred
shares OF the value Of one hundred dollars
each. Said stock shall be paid for in cash.
at such time and IN such amounts and after
such notice to the subscribers, as may be
fixed by the board OF directors, or the same
may be issued at not less than par for labor
done, or property actually received by the
corporation.
Article v All the corporate powers of said
corporation shall be vested in and exercised
by board of directors to be composed OF
not less than hve nor more than nine dlrec.
tors to be elected annually on the second
Monday in January, except the hrst board
appointed by this charter, who shall hold
their office until the second Monday in jan
uarv, 1915
Ali such elections shall be held by ballot
and conducted at the office OF said corpora
ton, under the supervision Of three commits
soners to be appointed by the board OF d.
rectOTS.
Notice of such election shall be given by
the secretary of the company by publication
for not less than ten days prior thereto in
newspaper published IN the parish OF Or
leans.
At all such elections and at all corporate
meetings, every stakeholder shall be entitled
to one vote for each share of stock standing
in his name the books of the company, TO
be cast in person or by his written proxy,
and a majority of the votes cast shall elect.
Any vacancy occurring among the direc-
tors by death, resignation or otherwise, shall
be filled by election for the remainder of
the term by the remaining directors.
A l., ~, f1,n Iafa
above specified shall not dissolve the cor
poration, nor impair its corporate manage
ment. but the directors then in office shall
remain in office until their successors are
elected and qualified.
The board of directors shall elect from
their own number a president, a vice presi-
dent, secretarS and treasurer. They may
from time to time name and appoint all such
other officers and agents as it may deem
necessary for the purpose and business of
the corporation. They shall have power to
fix and define the duties Of every officer
and employee, and all officers and employees
shall hold office and employment at the pleas.
ure of the board. The board may make and
establish as well as alter and amend any
and all bylaws, rules and regulations neces- |
sary and proper, in its judgment, for the con-
duct, support and management of the bust |
ness and affairs of said corporation.
The board shall have fun power and au-
thority to borrow money, execute mortgages
and create liens; to issue bonds, notes and
other obligations, and generally TO do all
things reasonable, convenient and necessary
for the proper carrying on of the business Of
the corporation.
The board may issue full paid shares of
stock for cash, in payment of labor done, |
or property actually received by said corpora. |
ton.
Article VI. Whenever this corporation may |
be dissolved, either by limitation or from |
any other cause, its affairs shall be lidui- |
dated by three commissioners, TO be elected !
from among the stockholders at a general |
meeting Of the stockholders for such purpose |
of which meeting notice shall be given in the |
manner and time provided for stockholders |
meetings by Article VII Of this charter, and |
a majority in amount of the capital stock |
OF said company represented at such meeting |
shall be requisite TO elect. Said commits. |
sioners shall remain in office until the af- |
fairs of said corporation shall have been IL |
quidated. In case of death of one or more
of said commissioners the vacancy shall be |
filled by election by the surviving commits |
sioners
Article VII This act of Incorporation NAV
be modified, changed or altered or said cor. |
poraton may be dissolved with the assent |
of three-fOurths OF the capital stock repre- |
scented at a general meeting of the stock |
holders convened for such purpose, and after |
notice shall have been given in one news |
paper published in the parish of Orleans, |
once a week for four weeks preceding the |
meeting and by a written notice to each |
stakeholder mailed to him thirty days prior |
to the date OF meeting at the post office ad- |
dress designated by him in writing.