The herald., 1914-01-22

the same, either in bulk or by plot or otheI
subdivision; TO plot, layout or subdivde 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, cree
ton and construction of all kinds of houses,
Eats and apartment houses 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
10 issue bonds, borrow and lend money Sc
cured by mortgage or otherwise; have and
to employ such managers, directors, officers,
agents and other employees as the interest Of
the said corporation may require; to make
and establish such bylaws, rules and regula-
tions 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, im-
prove and market the lands and ether prop
erty Of this corporation, and to carry cut the
objects and purposes for which this corpora
ten is formed.
Article 1.-The domicile of this corpora
tisn shall be the city of New Orleans, Lousi-
ana, and all citation or other legal process
shall be served on the president or in his
absence, the vice president, and in the
absence of both, on the secretary.
Article III.-The objects and purposes for
ture of the business to be carried on by it,
are hcrebq declared to be to deal in, acquire,
purchase, hold, exploit, lease, sell and mort
rage 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-
ularly including the exploitation in Nicaragua
of two hundred and eighty live 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
key Point the Atlantic Ocean side, and
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 subdivisions
any and all Of such lands, erect dwellings
and other buildings and Improvements there
on, and to lease, hypothecate, sell or ether
wise market the same or its products, in
whole or in part; to build, erect, construct,
erecting of all necessary machinery and CEN
struction of all necessary tenement houses,
fats or apartment and other buildings of like
character; to build and operate tramways and
manufacturing plants; to construct and main
tain all manner of machinery and mining i'm
plcmcnts for minerals and ores and the mar
corporations, individuals or firms, for the sale
Of lands, minerals, ores other products Of
mines to collect rents, and in this capacity
to charge and collect commissions and COM
pcnsation payment for such services, and
to do all things pertinent or germane to the
powers herein granted.
Article IV.-The capital stock of this corps-
ration is hereby fixed at one million FIVE hun
bred thousand Isl, 500 000) dollars, divided into
and represented by one thousand FIVE hundred
Q,500) shares of the par value of one thousand
$1,000 dollars each; which said stock shall
be paid for in cash or in such instruments as
the board of directors may direct, or for labsr
done, or for rights property actually re-
ceived by said corporation. All transfers Of
the shares of the capital stock of this corps-
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
stered in its said stock book.
Article V.-This corporation shall become
going concern and commence business when
not less than one thousand shares Of its cap
ital stock shall have been subscribed for,
and if any shares remain after the said enc
thousand shares required to make this corps-
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-assessa-
BILE.