The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-19

personal and mixed; to issue bonds note
ana Otner OOiIgaIIonsi TO have ana empIo,
sucn managers, directors, otnceTs, agenls an,
other employees as the interest and couye
nence OF sand corporation may REQUIRE o
demand, and 10 make and establish such by
laws, rules and regulations for the corporal,
management and control Of the business an,
dndlrS OF the corporation as may De deeme,
necessary expedIent.
Article 1.-The dOmicile of said CORPORA
ton shall be IN the city OF New Orleans
state OF louisiana, and all citations anc
other legal process shall be served on tn,
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 lII.-The objects and purposes 70,
which this corporation is formed and the ma
lure OF the business to be carried on by II
are hereby declared to be: to deal in, buy
ana sell, Tor Its own account or for the &C.
count OF other, all real estate, lands. tene
inents, etc, mortgages, mortgage notes, bonds
shares OF stock and all other securities. n
lend money on property, both real and per.
sonal, and to make leases; to act as broker
OF commission agent or trustee or depository
tor individuals, firms or corporations. n
guarantee titles to land or Other real aSs,a,-
ana to issue guarantee or other bonds: 10 re.
claim and improve landed property; to. Law
out town lots or suburbs, pave streets. con.
struct sidewalks and alleys; to put down
sewer drainage, water and gas or otber
trenches or pipes and to connect the same with
t"e municipal plants or for the sole use OF
such subdivision; TO contract or erect or n
contract for the construction or erection ~
buildings, workshops, mechanical plants. and
generally to do and engage in ane and every
otner KIND OF business or undertaking or enter
pilse connected with, or growing out or ger.
IldHe OF incidental to any of the purposes
here,nabove set forth and not prohibited nv,
ana. Vi AouiSi'
ATtiele-IV. The capital stoch of this cor.
thousand CslOOOoOO Dollars (Which nav Ln
increased 70 a sum not exceeding Twenty.fve
Thousand (25.OOOOO) Dollars), divided into one
thousand n,oo0l shares Of the par value NJ
zen SlO.unl Dollars, each, which shall be paid
I3r IN cash or installments on the call of the
BOARD OF Directors, or may be issued al NOT
less IMAM par for property purchased NV or
services actually rendered to said corporation.
All shareS OF stock shall be full paid and
non,assessable. No transfer of stock shall he
binding upon the corporation, and all certif.
Gates OF stock shall be signed by the Presiden,
or Wee: President and the Secretary of this
Article-V. All the corporate powers Of tb;s
company shall be vested in and the manage.
ment and control of its business and aHs;rs
shall be exercised by a Board of Directo,s
composed OF three stockholders, which number
may be increased to no more than sevsn y,
me discretion of the Board of Directors a ma
l9rity OF whom shall constitute a quorum for
me transaction of all business The directors
shail be elected annually on the first Tuesday
o.. me month OF January Of each year, by bal.
t tot OF me stockholders. Each stockholder shall
be entitled. in person or by written proxy n
one vote OF each share of stock owned by him
and standing in his name on the books Of the
All elections shall be held under
and l.
ned by the Board Of Directors, but after al
least ten days notice of such election shall
nave been given to each stockholder bv mail
Sent 70 his last known address, or by publica.
.ion Tor at least ten DAYS preceding such cleo
tion IN one of the daily English newspapers
pnoiished IN the City Of New Orleans. The
directors thus elected shall continue in Office
Tor one year or until their successors shall