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

the nature Of the business to be carried or
by it. are declared TO be to purchase, least
Tor exchange locate. sell mortgage. and gen
IPrally 10 deal In mines, mining property dnt
lOther real estate; 10 prospect Tor ana Il
mine gold silver, copper or other metals 10y
Iauy Of the known processes: to extract SucI
minerals or the ores containing san"i I,
icNtract the said metals or other minerals
from ores by Tn" process OF milling or DINER
wise TO establish and operate mills or other
plants and machinery Of all kinds used II
mining and milling operations: To establish
land conduct stores and CommiS~arieS for The
retailing Of merchandise Of all kinds to IS
ItabliSh and 10 operate tramroadS and rail
| roads in connection with lis mining and mill
/ ing operations. together with such lOcomo
/ tiyrS ami rolling stock as may be necessary
to buy and sell either with or without mill
| ing. ores Of all kinds and generally 10 carry
Ion any other business or undertaking incl
dental 90 or connected with the objects and
purposes above set forth.
! ARTICLE IN.-Thc capital stock II this
corporation shall jn IN" sum " nifty thou
/ sand dollars $50 900 O0l. divided into and
/ represented hy tiv" hundred l1oU, shares u
| the par yalu" Of on" hundred dollars
! l>lOOuOI each. which stock may be- paid for
| in cash, or in property. labor or services
made over or rendered 10 the corporation.
All shares Of stock shall hr fully paid and
non aS~,~Sablr and transfers of stock shall
not Dee binding upon the corporation unless
recorded upon It's books The stock sub
,rriptiuu list appended to this charter show
ing that IN" entire amount Of the capital
stock has been subscribed. said corporation
may begin business ar once
ARTICLE N.--Thc ordinary business and
Affairs If said corporation shall D." conducted
by a hoprd Of not less than three nor more
than min" directors. Who shall be- StorkhOld-
l"r>. The number II IA" members OF the said
.oard shall be fixed annually by the stock
holders at their annual meeting: and the
number first fixed shall 50 remain for at
least one year. The first board Of directors
under this charter shall be elected by the
stockholders IS soon as reasonably convent
%
board 50 elected shall hold office until the
first Monday in March. 1915: and annually
thereafter an election of directors shall be
held az the office Of the corporation. after
ten tluD days notice in writing having been
mailed to each stakeholder. Voting for di-
reCtorS shall be by ballot. and each stock
holder shall be entitled to cast one vote for
each share Of stock owned by him. fail
IRE to hold said annual meeting or election
of directors or officers shall rot dissolve the
corporation but the directors and officers
then in office shall remain and continue their
duties as such until another board and set
OF officers shall be elected and shall have
qualified.
ARTICLE VI-The board Of directors OF
this corporation shall have power to enter
into all ordinary contracts for and on be
half OF this corporation and 10 bind ID 10
such; the said board shall not have power or
authority 10 sell any part Of the real estate
which shall be acquired by this corporation.
nor 10 mortgage or In any manner cucumber
same. unless the board shall be so author
three ff'hS go Of the issued and OutStand-
ing capital stock OF the corporation.
\ majority Of the members OF said board
shaIi constitute quorum for the transaction
OF all business.
The board Of directors shall have power
10 appoint and dismiss the agents. clerks and
employees OF the corporation. or may dele
gate such authority to a manager. They
shall have power 10 adopt. change and mod
fly all proper bylaws required for the man
agement Of the business and affairs Of the
ARTICLE VII.-The officers OF this cor.
poration shall consist Of a president. a vice
president, IA secretary and a treasurer to be
chosen annually by the stockholders. the first
two from among the directors and the last
two either from among the directors or
among the stockholders. The first officers
Of this corporation shall he selected at the
same meeting at which the board OF dirar-
tors Is 10 be chosen. as above provided Va
cancteS In the board or among the officers
SHAH be filled for the uncXpired time by the
board Of directors
ARTICLE NIII.-ENccpt as to the increase
or decrease OF the capital stock. this act of
Incorporation may De amended or the corpo-
ration may be dissolved at general meeting
n the stockholders called for that specific
purpose after ten GOl days notice Of the
time, place and purpose of holding such meet
M given by mail: said meeting to he con-
'rned by the secretary upon order from a
majority of the board of directors. or upon
N" written request of those holding not less !
hau one-thitd 1-3D of the capital stock.
ARTICLE IN.-Upon the termination OF
his charter by limitation or unOn its dis |
solution as above provided for. its affairs |
snail be liquidated by three CD commission
'rS selected from among the stockholders at |
general meeting called for that purpose as |
lbONe provided. Should any commissioner |
lie during the term Of his duties as such |
he remaining commissioners shall elect |
successor from among the stockholders.
ARTICLE Mo Stockholder shall he |
liable nr in any manner responsible for the |
'ontractS Or faults OF this corporation be |
'Ond any unpaid balance that NAV be due on |
he shares OF stock owned by him: nor shall |
my mere lnfOrmality in this act have the |
fleet of rendering this charter null or of |
Exposing the stockholders to liability hevOnd |
he amount Of the unpaid balance due on |
The subscribers hereto have set opposife
heir respective names the number of shares
TO by them respectively. and this
ct shall serve as the original subscription
Isl or said corporation.
Thus done and passed. in my ofire. at the
NY or New Orleans, on the day and date
lrst herein above written. in the presence of |
;. W. Schweitzer and c. A. Miranne. Jr
Competent witnesses, who hercunto sign their
James with said appearers and me. notary
fter due reading Of the whole
Iorlslnai signed Walter Il. Randall 49S |
mares Il: X. BeauvaiS, | share Marie Beau
ais. i share. Geo. W. SchweitZer. c. A. /
iiranne, Jr.
ALEXIS BRIAN, Notory public.
| hereby certify that the foregoing charter
4 the Lorraine Mining and Milling Companv
vas this day duly recorded in NV office in |
i. II. l119. folio -.
New Orleans. December 3rd. 1913.
(Signed) EMILE LEONARD, /
Dep. Recorder
| hereby certify that the above and fore J
Oing Is true and correct copy Of the char Il
er of the Lorraine Mining and Milling Com
ANY and Of the certificate of the deputy re-
order thereto attached
New Orleans, Louisiana, December 3rd
913. ALEXIS RRt.T
tSeal Notary Public. L
lee II Is % Jan S - 1914