The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-05

personal ana mixed; TO Issue bonds, notes
ana otner OUllgauUnS; to nave anu employ
suGn managers, directors, otncerS, agents ana
otner employees the interest," and couye-
nlence oI SAID corporation may require or
demand, ana 10 make and establish such by
laws, rules and regulations for the corporate
management and control OF the business and
analTS OF the corporation may he deemed
necessary expedient.
Article 1.-The domicile of said corpora
ton shall be in the city of New Orleans,
state of Louisiana, and all citations and
other legal process shall be served on the
president and in his absence on the vice-pres-
Ident OF said corporation. In the absence OF
both OF said officers, then said process shall
be served on the secretary of said corpora
ton.
Article III.-The objects and purposes for
which this corporation is formed and the ma
ture OF the business TO be carried on by it
are hereby declared to be: to deal in, buy
and SELL for its own account or for the &C
count OF other, all real estate, lands, tene-
ments, etc, mortgages, mortgage notes, bonds,
shares OF stock and all other securities to
lend money on property, both real and per-
sonal, and to make leases; to act as broker,
or commission agent or trustee or depository
for individuals, firms or corporations; TO
guarantee titles to land or other real estate,
and TO issue guarantee or other bonds; to re-
claim and improve landed property; to Law
out town lots suburbs, pave streets con-
struct sidewalks and alleys; TO put down
sewer, drainage, water and gas or other
trenches or pipes and TO connect the same with
the municipal plants or for the sole use of
such subdivision; to contract or erect or TO
contract for the construction or erection OF
buildings, workshops, mechanical plants, and
generally TO do and engage in any and everv
other kind of business or undertaking or enter
prise connected with, or growing out or ger.
al IN anu of H.,
hereinabove set forth and not prohibited by
the laws or Constitution of the state of Louisi.
ana.
Article-IV The capital stock Of this cor.
poration is hereby fixed at the sum of Ten
thousand CslO,mOO0) Dollars (Which NAV be
increased to sum not exceeding TWENTY-FIVE
thousand (2sM00ol Dollars, divided into one
thousand G,0OO) shares of the mar value NJ
Ten $1,000 Dollars, each, which Shall be maid
tor IN cash or installments on the call of the
Board OF Directors, or may be issued at NOT
less than par for property purchased by or
services actually rendered to said cornoraf;on
All shares OF stock shall be full paid and
non,,assessable. No transfer of stock shall be
Dinoing upon the corporation, and all certi6.
Gates OF stock shall be signed by the President
corporation.
Article-V. All the corporate powers of this
company shall be vested in and the manage.
ment and control of its business and affairs
shall be exercised by a Board of Directors
composed of three stockholders. which numbe,
may be increased to no more than seven AZ
the discretion of the Board of Directors. a ma.
Jority of whom shall constitute a quorum for
the transaction of all business The directors
snail be elected annually on the first Tuesday
OF the month of January of each year, by hal.
lot OF the stockholders. Each stockhoider shall
be entitled, in person or by written proxy 10
one vote OF each share of stock owned by him
ana standing IN his name on the books of the
corporation. All elections shall be held under
such rules and regulations as may be determi.
ned by the Board of Directors, but after a,
least ten days notice of such election shall
nave been gwen to each stakeholder by mail
ton for at least ten days preceding such eiec.
ton IN one of the daily English newspapers
published IN the City Of New Orleans. The
directors thus elected shall continue in Office
Tor one year or until their successors shall