The herald., 1914-06-04

| canals tunnels bitches, fumes, drainage
systems, controlling works, power plants and
/ irrigation works or plants, OF Whatsoever kind
OK nature, Tor the purpose OF irrigd'lnS Iouos
retaining submerged lands. or storing vat
| crs, and the draining and conveying OF wat
| crs from one place or places 10 another place
| or places.
/ To develop mineral oil lands, lay pipes to
convey minerals and oil and gaS, or 10 barge
/ the same. and to. deal generally III minerals,
| gas OIL and mineral, gas or OIL lands IN or
/ out OF the State Of Louisiana, and tor these
/ purposes II shall have power to buy, sell and
| lease gas and oil lands, 10 erect buildings, to
bore wells, to purchase, erect ana operate
machinery, 10 borrow money, to buy, make,
I operate lease and rent tank cars and tanks,
and to do all things necessary, requisite or
| convenient 10 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 or
cucumber real estate or other property; per
sonal or mixed, and TO survey, subdivIde,
| plat improve and develop irrigated, sub
| merged and other lands for the purpose of
| sale or otherwise, and to do and perform all
! things neediul 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 seor-
| poratiou Is hereby fixed at the sum OF nifty
| thousand dollars, divided into and represent
ed by tive hundred $500 shares Of the par
value OF one hundred dollars (SlOOOO each.
of such amounts and at such times as the
board of directors may determlne, but any
part or 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 said corporation.
| This corporation shall commence business
and be a going concern as soon as three
thousand dollars (S,OOOO) 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 60 directors, to be com.
posed of stockholders, two % of whom shall
constitute quorum for transactlng 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 Tor 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, nix all salaries
and generally do and perform all things neccs
sary in the transaction OF the business an'
affairs Of the company. Any vacancy occur
ring IN said board shall be filled by the re
; naming directors IN the manner provided 10
IN the bylaws.
The FIRST board of directors of this corpora
ton shall consist OF Jacob Israel, lsldOr,
Israel and Ruth Israel, with the said Jacol
Israel as president, lsidore Israel as VIC
president, and Ruth Israel as secretary-treas
urer, who shall hold their Offices until tn
fourth Monday OF May, 1914, or until thei
successors are duly elected and qualified.
On the fourth Monday in May, 1915, ant
annually thereafter, an election Tor dlrec
tors shall be he'd at the Office Of the com
: pany under the supervision of two commits
-oners to be appointed by the president, AM
, the directors then elected shall take theI
seats Immediately and shall hold office unit
= their successors are duly elected and qualified
Each board shall elect its own officers, whic
T shall consist OF a president, vice president
] a secretary treasurer two OF SAID otnces ma
= be held by the same person.
I 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 b.
= proxy, by the person in whose name same l
registered on the books Of the company, an
the board Of directors may close the stoc
10 transfer books for period not eXce>dln
thirty days before any meeting.
Written notice of stockholders meeting
> shall be given to each stockholder by III
prior 10 elections, by mailing same, postag
! prepaid, to his last known postofflce address
: Article V. This act Of Incorporation ma
be changed, altered or modified, or the col
poration dissolved, with the assent OF three
] fourths Of the stock present or repIesente
. at any general meeting OF the stockholdeT
convened for that purpose after 20 days prio
notice Of such meeting shall have been give
by publication in one Of the daily newspaper
e published in the city Of New Orleans, b
{ three publications during said period, an
y such changes as may be made in reference
e the capital stock shall pe made IN accord
), ance with the then existing laws on the sui
Article VI. Whenever this corporation
> dissolved by Limitation Of its charter, or froi
> any cause, its affairs shall be liquidated b
I. among the stockholders. at meeting Of n
!. stockholders convened for that purpose aft'
;. 90 days prior notice shall have been. give
!. by the secretary-treasurer to each stoekhoIde