The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-20


- and 10 secure same by pledge, mort
i ar or otherwise, 70 appoint or eject suCn
directors officers, managers or agents. as
It's business may TequIT. 10 Ia ~ rnenaqe-
; reocal at pleasure bylaws, Tor me IudlasS
rucnt Of It's affairs, and Eenerally 10 eNea-
else al the rights and powers lhhl may 800 ~"
or hereafter be granted oy IA" u 'o' Po'"
lions ~ this character
0hpTirTE 1.-THE domice Of this cor
Ir,-sr!on snail be In the city 81 Ne"f v.
leans parish OF Orleans, STATE OF LF'uISIin'i
land All citations or other irEil process sue,
NJ. served on the president or, IN ms aoathtr'
. on tLc v.spprr-ldrnt. or secretary treasurer.
NRTICLE II-Tle objects and purposes
for which this corpora ION = cStabilsLrh anu
30 rgtur. Of the business TO b" carried on
Inv il are hereby declared To be. - buy' sen,
...a.p improve, drain, reclaim, lrriEd-e, plant
land cu,,!yat" lands and Trai r,la's IL l -
state OF Louisiana and e'~"N here, 10 pant
lrfrivatr nuv, sell and deal IN cotton, cane
rice and q. her agriculture. products 10 pre-
l~erye can and pack fruits. NLILi~, E"-rta-
|p,-s ~hriwps. oysters, and al. kinds " d-Fl-
,ru.Iural products and >rd.fUai>: tu con
I-Irur'. own. lUgs" and Jp,rdi" canals Tor me
purpose II drainage and irrigation; 10 build,
Town. lease. sell ANA operate sugar IchheI-
lies ru.mlIlS cotton gins, cotton compress
les. uauu'ri"S. warehouses and other manu-
i factories as may ne necessary or convenient
in connection with the business II this cor
pJratIUu; 10 promote immigration into aud
the development Of lands in 1a.S state, To
feed aud pastur" catts In connection with
Their lands and for any 81 The above PIr-
sell or rent out property, both movable or
IimmovabIr and Tor the purpose OF develop
ling the sam" 10 construct ana .t'i"'' ~
connection with any ar 'hr'F ANUS 'Ia -
If-rprisrS railways trdm"aEN, or par ''n's
! q, u Ike advances 10 farmers and other per
sons who NAV own %" lease ana CULTIVATE
LANDS: TO conduct and operate general Ihtr-
lcautiIe and supply stores. and II Shlh nave
tho RIGHT ID purchase and hold stock in other
. corpora ions . and generally 10 DO an thlnES
that may br necessary in or convenient LOT
/ the accomplishment OF any OF iAe d'ONe
named purposes, and IN connection lAeiV-
!, with 70 make all contracts requisite OF tF-
pedient TO the accomplishment OF any OF the
purposes for which this corporation Is or
ARTICLE Iv.-The capital stock of this
. ro-poration is hereby sNed at the sum OF
one hundred and nifty thousand dollars
$3.50. 100000, divided into ana tS no
Inv fifteen hundred l,jOoD shares OF me PH'
yslue OF one hundred dollars tSlOo.Oo) each'
which shall lie paid for in cash, or may De
D issued at not less than par FOR services Eeh,
- dered TO- or property purchased, Os sdLe
D corporstiOn or payable in inStal nents on
such term, and conditions as the board OF
5 directors may Tx. 49,, ,u
s not be issued until fully paid, and shall De
signet by the president and by the secretary.
3 treasurer or in the absence or lhaollIlg Vi
rhe president or secretary, by the N We
0 president Said stock shall be transIerapls
rnIy on the books Of the company upon sur,
o render or due proof OF loss OF the Original
certificate: and until such transfer on me
n hooks OF the company IS made, the company
shall be- authorized 10 treat the recorded
oWner as the owner for all purposes
This corporation shall be organized ana
become going concern as soon as III I've 80.
T, thousand t$l5,O000OD dollars snaI nave
r. been subscribed 10 the capital stock.
3 ARTICLE V.--All the powers OF this cor
lpOratiOn shall be vested in and exercised py
3 a board Of three directors pursuant 10 Such
rules and regulations as they may adopt
s The said directors shall be elected by ballot
at an annual meeting OF the shareholders
!, under the supervision or two commissioners 1i
\ OF election appointed by the board OF direc
tors which meeting shall be held on the
second Monday Of July Of each year, com
mencing with the year 1917, after due no
Itice sent by mail to each stakeholder TO the
v address furnished by such stakeholder to the
2 secretary treasurer not less than ten days
). prior to the holding OF such an election
The first board OF directors snail 2id DE- De con-
Moses, and Julius Adler, with Samuel re
e murray as president, Julius Adler as vice
e president, and Clarence II. Moses as secre'
fary-trcasurpr and said board OF directors
shall hold office until the second Monday OF
July In the year 1917.
, The officers Of this company shall be 4
!, president, a vice-preSident and secretary
= trca surer The secreta ry- treasurer need not
! be a shareholder or director.
: At all meetings Of the shareholders each
y share holder shall be entitled to cast one
vote, in person or by proxy, on each share
7 Of stock held by him. At any meeting OF
the board OF directors, any director, who Is
unable to attend may be represented by any
other director, or any stock holder, who shall
5, cast the vote OF the absent director. All
), proxies shall he in writing.
81 The board OF directors shall have full
), power and authority TO sell, lease. mortgage
3 BILE and immovable belonging to the com
pany, without referring TO the stakeholder.
,. for power TO do so, and they may also pur,
chase. for cash, or on credit, property OF
. any kind required for any OF the purposes
OF the company, without authority of the
70 shareholders or make any contract and per
' form any act whatsoever for and In the
. name OF the corporation, which the corpora
" tlOn itself could make and perform.
The board OF directors shall have full
lpower and authority to employ, and appoint
for such time as they deem proper, and Il
dismiss such managers, superintendent
agents and employees as they may deem bes
and TO vest in them such powers as they set
fit, and to fix their remuneration.
In case OF any vacancy In the board o.
:, directors the remaining members shall hav
L. the power to fill the vacancies, and all direc
tors and officers OF this company shall re
main in Office until their successors are elect
ed and qualified Failure TO hold the annua
H. meeting shall not dissolve the corpora ton
ARTICLE VI.-This act OF incorporation
may be changed modified or altered. or thi
ID. corporation may be dissolved with the assen
OF three-fourths OF the stock present or rep
resented at a meeting convened for that pur
n pose after ten (10) days written motto
mailed TO each stockholder at his last know
postoffice address.
m ARTI lie VII.-All proceedings relativ
- to the increasing or diminishing of the capi
tai stock shall be taken In the manner pre-
scribed by the laws OF the state of Louis
- ana.
ARTICLE VIII.-Eo stakeholder shall
ever be held liable or responsible for tn
m. contracts or faults OF the said corporation
in any further sum than the unpaid balan nc
due on the shares OF stock owned BY him
nor shall any mere informality In organiza
ton have the effect of rendering this charte
null or void. and OF exposing a StOckholde
IS, 10 any liability beyond the amount Of hi
%, unpaid stock; nor shall any mere informal
-, ity or irregularity In organization ever hav
the effect OF rendering any stakeholder liza
%, bic as partner
~ ARTICLE lX.-Whenever this corpOratio
." II dissolved either by limitation OF time o
by the determination OF the stockholders II
afairs shall be lquidated under the super
vision OF two liquidators TO be appointed 10
&c that purpose at a general meeting OF tn
3S stockholders convened after ten days' nc
- tice, which notice shall be sent by mail I
m he address Of each Stockholder as left b
a. them with the secretary OF the company.
TO- At such meeting to consider the liquids
ton or the corporation the result shall
determined by the consent OF three-fourth
or the stock present or represented ar suc
meeting. In case Of the death Or inahIIIt
TO act or one OF the liqulda tors, the stOcI
holders snail elect a new llduidatOr in m
manner above provided for the selection q
llquldators.
m Thus done and passed in my Office AZ IN
city or New Orleans. on tho day, month an
m year hereinabove first written. in the pre
Snee OF A. ;. Urban and NJ. H. Rooney, con