The herald., 1914-01-15

the same either in bulk by plot or othe:
subdivision; TO plot, layout or subdlvide any
and all lands acquired by said corporation ;
to erect dwellings and other improvements
and buildings thereon, and to lease, hypothe-
cate or sell the same; to build, erect, con-
struct and to contract for the building, erec-
tion and construction OF all KINDS OF houses,
fats and apartment houses or other buildings
Of whatever kind and to operate, lease or sell
the same; to cut bitches, drains or build
tramways for the improvement OF such lands
TO cultivate and sell, or manufacture and
sell the products or accretion OF such lands;
to issue bonds, borrow and lend money sc,
cured by mortgage or otherwise; nave ana
to employ such managers, directors, othcers,
agents and other employees as the interest OF
the said corporation may require; TO make
and establish such bylaws, rules and reguia-
tons for the management and control OF the
affairs of said corporation as may be neces-
sary; TO have and to possess all the powers
granted by the laws of this state; to do all
things necessary and proper to develop, m
prsve and market the lands and other prop
erty OF this corporation, and TO carry out the
objects and purposes for which this corpora
tion is formed.
Article 1.-THE domicile of this corpora
| tisn shall be the city of New Orleans, Louisi'
ana and all citation other legal process
shall be served on the president or in his
| absence, on the vice-president, and IN the
absence of both, on the secretary.
Article III.-The objects and purposes for
which this corporation is formed and the ma
| ture of the business to be carried on by II,
are herebq declared TO be to deal in, acquire,
| purchase, hold, exploit, lease, sell and mort,
| gage real estate, improved and unimproved
| Of whatever nature, and all manner OF lands
| throughout the state Of Louisiana, in the Re
| public of Nicaragua and elsewhere, partIc'
| ulsrly including the exploitation in Nicaragua
of two hundred and eighty-fve thousand seven
| hundred and twelve acres OF land to be
purchased by the said corporation and de,
| scribed as lands situated on both sides OF
| Punta Gorda river, and extending from Mon.
IL. At. IL 1rE
western side by La Flor, in the department
| of Chantales in the Republic of Nicaragua
| to exploit the same as well as to develop, I'M
prove, drain and plot out into SUBDIVISION:
| any and all Of such lands, erect dwelling:
| and other buildings and improvements there
/ en-, and to lease, hypothecate, sell or ether
| wise market the same or its products, II
| whole or in part; TO build, erect, construct
and TO contract for the exploitation, building
| erecting of all necessary machinery and con
| s:ruction of all necessary tenement houses
| fats or apartment and other buildings OF like
| character; to build and operate tramways snC
manufacturing plants; to construct and main
| tain all manner of machinery and mining i'm
| plements for minerals and ores and the mar
keting Of same; to act as agents for othei
corporations, individuals or firms, for the salt
| Of lands, minerals, ores or other products o
mines; to collect rents, and IN this capacit,
to charge and collect commissions and com
pensation as payment for such services, and
| to do all things pertinent germane to the
powers herein granted.
Article IV.-The capital stock of this corps
| ration is hereby fixed at one million tve hun
dred thousand C$1, 100000 dollars, divided int
and represented by one thousand hve hundre'
C,5OO) shares of the par value Of one thousan,
Isl OOO) dollars each; which said stock shall
| be paid for in cash or in such instalments a
the board of directors may direct, or for labo
done, or for rights or property, actually re
ceived by said corporation. All transfers o
the shares of the capital stock of this corpo
ration shall be entered on the stock book
| and no transfer of stock shall be in any man
ner binding on this corporation until so reg
istered in its said stock book.
Article V-This corporation shall become
going concern and commence business whe
not less than one thousand shares Of its cap
ital stock shall have been subscribed toi
and if any shares remain after the said on
thousand shares required to make this corpo
| ration a going concern, shall have been sub
scribed to, said remaining shares may be dis
posed of by the board of directors for cash
property or labor, at not less than par value
All shares shall be full paid and non -assesss
BILE.