The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07
CHAR TER

|
! CHARTER ,,.,-,..,
| OF "POfDRAS Really CONTAIN.
/ State OF LOUISIANA, fdTish Of oTitdhs' III!
/ Of New Orleans.
Re II known that on thiS twenty lout'.
day OF April. IN the year one thousand. min,
/ hundred and fourteen, before me. JercrSeT
! Charles Neuck. a notary public IN and l..
| the parish OF Orleans. state Of LOUISIANA dNIl
! ence OF the witnesses hereinafter i."ihtd a.'
! undersigned, personally came and appeared
! the persons whose names are herCuniJ sub
scglJtd. who scvtFaliy declared iAai avail
INK themselves % the PROVISIONS q the Con
situation and statutes OF TINS state relative
| 20 the. organization o. oorgoIatlogs, they nave
| formed aud "-ra"iz,d and ~ tht-c presents
DO form themselves INTO and constitute cor
der the s'lr1laEgn~ and agreements mere
matter >,t t"'H ana expressed "a.~A D-'E
Hereby adopt -~ their ..a.Itf. i'-Ni..
Arr,le I-ile name ana ,ilt % sara cor
pora'i.r -aa. .e the Toy -raa NHat.y O'i-'
r--y. and under MS rail corporate i.ai.,
I u shall. have power ard authority 10 nave ana
ENJOY sE.-r--'.a i.- me term "i -ite'E-i..It
I 'FN year from AND after TIE date hereof
=. contract, Sue and h, sued, O. make and
.-e corporate seal. and the same Z. break
and alter 10 pleasure, 20 purchase, TrgSiNe e.
lr--c. hold and c"rvcE. as well as mortgage
az. Hypn,.t,atc, under ITS corporate name.
rr.grr'y both yea. and personal. I'D name ana
ari..Ht such managers and directors. officers
..t agents as the interest ana 1'.Feairi. Ne
a-t establish. a. wei as alter and amend
or pleasure. such bylaws, rules and rcsIla-
tons for the proper management and rrSH.l-
rau 0, the aHair- II said corporation as may
1c necessary and Iruitr.
A.r,lc 1.-The t0mlllc OF sand corpora
goo" shall Pc ,t Ne" Orleans. Iar.sh 81 'T-
leans. state 81 i'"'>laIa- ana all citation
or other .r.a. process shall He served upon
the president - sand CORPORATION, or IN case
Of HI, absence, upon the yl,e-prc~ dent, "r,
nm the absence Of both az these 1'ulcrs, upon
IN" secretary ot the corporation.
Arrg.c lII-lhc objects and purposes Cor
which tins corporation ], established, and the
nature uI the business 90 be carried on by n,
are declared and specified 10 De. To buy, sell.
lease, hold. reclaim develop, improve, build
upon, IrrIgatc and cultivate lands and real
lease houses and lands Tor dwellings or Tor
commercial or other purposes. TO lay out VII
lasc sites, town sites and manufacturing
sites: 10 buy, sell, store, ship, forward and
handle. rice. sugar. cotton. sugar cane and
other agricultural products, wood, timber,
lumber and articles made therctrom, and to
manufacture such articles; 90 purchase, con.
struct, own, lease and operate canals and
canal rights Of way, or interest therein; to
buy, sell, hold and otherwise acquire and
ALLEVIATE stocks and bonds; provided that
said corporation shall not engage IN the
business Of stock jobbIng, and shall be with
ont the power OF eminent domain; and to do
any and all such acts and things as may or
shall be necessary and proper to carry out
the aforesaid objects and purposes.
Article lN.-Ihe capital stock OF sand cor
poration Is hereby hxed at the sum Of One
hundred thousand tSluOpnOO) dollars, dI-
vlded into and represented by one thousand
l.g0ol shares OF par value Of one hundred
tSlpDOo) dollars each, and shall be paid Tor
IN cash or IN property or services, at such
time and IN such amounts and manner the
board OF directors may determine and direct.
In the event that any Stockholder shall de
sire to dispose of his stock: same must be
trst offered 10 the board OF directors IN writ
ing, who shall have hve days within which
to purchase the same Tor the company, at the
best price tor winch the holder has bona
tide offer In the event Of failure Of the
board OF directors 10 purchase SAID stock
Il snail he offered TO the then stockholders,
who shall have I'VE days within which to
purchase same. al the best price for which
the holder has bona hde offer. The board
OF directors Is specially authorized to issue
the whole Of said capital stock, or any part
thereof, IN exchange Tor real estate Of not
less man the reasonable value OF the stock
issued therefor: lhS corporation shall be
authorized to begin business whenever ten
thousand dollars OF ITS capital stock shall
have been subscribed Tor.
~ Ill - ,,ast5 "a lIiis co. t
-, it ~ T y %
III - - ;, SSCm VI ""oin sndLI
~ s ~. 49, -. IA ~ ~ i'llt' a. cas- oHT nc
he leC,.d st,,.ii 10 ~ "a f, - S. I
~ Eebr,,,-,. nf - .r g.. -, i. Gag
% - 80 % - 80 70, ''e Isl TlStIi"i
80 .h.Ii - i I'll. ~ 80 - -
,.; " ~ 49, a. .te CIlee U! tne
OVERWHELMINGLY ~, ;PtI - IN ~ 49,
- ,I;-oo.C. - ~ iIPPoiti.,ou Oy 'Iie ooaIu
,b gu -s;d. IIi - VI any ooi..,
eli IL ,'T P 'SSLuS ~ eilaii nd'e PoHHeI 70
iact;P - IN ~ 20 III -, 80 % q SUI
6nIdeTs $3.50 ,I-r1sos o. ~ lisa -. ~
dissoI,1,;o, ~ p,bP y, ,,q uiIH t oi
re-, H. 80. sboii he - - ~ ID
e5cb SiocLbnIGc- r. $500 ~ ~ ~
booLs - tLc r,,,,'.,,, ~ 80 - IL ot ny
sJdress ~ az "a a. -. W ~
0-Iesns = be- ~ -. J;.I ,, "a -rS"
an ACKNOWLEDGEMENT stat;oo ~ -, 90. "a - nI,
Of the r,eet;ng Ell sbareroIJo- III -
ert;tieJ - - - g. - - ~ Us
StaJ;,, :; -; - 20 al. ~ sI LI VI S'oSH
co,Dn5nT rast n $3.50 ~ b o,, "a .iIe
1.;~;t' f ~ piSoI VI W ~, anu -r rile
bo5rd ~ J;-aCto-s sL,II ~. -, - s1r III
,,ac,rcies H., ~, - 80, r. - ri
ne IN cIt Jinc;S ~ ~ a. Oo GI an
c;foJ iii - 49, ~. IL 10y aoC'S 9PD
-. d;as.as IT,, :; 60 ~ ~ 'i'Io'i' OI'
e.; Ill ~; s ol'rS' siia.i ieiidI n III
Dnt;ce IS ,,ba T,; Iii 'ierttu. D t
g;,,n .s -. oS,;JoJ SD So 80 Vi" IN NC
- Lri Lo oP,;,,oJ ~ oS,Ce Oi 'eN
eIect;o,, e bsId ~ " s''e" U"''' al
majority OF the directors shall constitute
a quorum for the transaction Of any business.
The board OF directors, at their first meet
ing following each annual meeting, shall elect
from their number a president vice-presi-
dent and secretary-treasurer, and such
other oincers as the board shall deem nee
essdry; but SAID other othCerS need not be