Lower coast gazette., 1914-11-21

or lease boats, barges, dredges and
equipment necessary or incidental
to any character of its contracting
business, together with the right to
do anything that may be necessary or
incidental to the accomplishment Of
objects and purposes hereinaboye
recited, with the right to own stock
in other corporations.
ARTICLE III
The Capital Stock of this Corpora
ton is hereby fixed at the sum Of
Fifty Thousand Dollars ESQ, 000. o0)
none Of which asall be preferred, ard
J. h Capitel Stock shall consist Of
Tive Hundred Shares Of a par value
= l',a Hundred Dollars $500 Oc>
Tne capital sta"k of this cor.
poraticn may be subsequently, in-
creased to One Hundred and Fifty
Dollars $3.50, 100000
ARTICLE w.
81 'he corporate powers Of this
Corporation shall be vested in and
exercised by q Board of Directors
composed Of three (2) stockholders of
is Corporation, elected annually at
4 meeting Of the stockholders held for
that purpose, which meeting shall be
held at the domicile of the company on
the first Monday of October Of each
year, beginning with the first Monday
in October, 1915, notice of which
meeting shall be given to each stock
either personally or by de.
posting at least fifteen (15) DAY
such meeting, a notice in the
post office properly addressed to the
last known address Of each stock.
as shown by the books of the
The first Board of Directors of tn:
Corporation is hereby declared to be
composed Of:
Sam F. Heaslip, ST.. New Orleans,
La.
Il. S. Leovy, Venice. La.
Z, N. Murphy, New Orleans, La.
TIE first Board Of Directors a
herein above constituted, shall hold
office until the first Monday in Octo-
Der, 1916, or until their successors
shall have been duly elected and quail
fled.
The Board Of Directors of this Cor.
poration shall, Immediately after their
election and qualification for office,
select from among their number Z
President, 4 Vice-P President and q
Secretary Treasurer. which latter of.
fieer shall be General Manager.
The first officers of this corpora.
ton arc hereby declared to be:
Sam F. Heaslip, ST., shall be Presi.
dent; R. S. Leovy, shall be Vice~Presi.
dent; r. NJ. Murphy shall be Secre.
tary- Treasurer and General Manager,
and they shalt continue in office until
their successors shall have been elect.
ed and qualified. At all elections IN.
der this charter each stockholder shall
be entitled to cast one ~ vote. eitae,
in person or by written proxy TO,
each share of stock standing in hi:
name on the books Of the Company
and this right Of voting as TO mem
bership on the Board Of Director:
shall be cumulative.
Said Board Of Directors shall have
power to appoint agents and employ
ees for this Corporation and to ~
move the same at pleasure, and they
shall have power to fill any vscan
cies in their number and shall make
such bylaws from time to time enc
amend the same, ~ they may deem
expsdent.
ARTICLE v.
This charter may be amended, tn.
Capital Stock increased or decreased
or the Corporation dissolved u pro.
vided for by Act 267 Of the 1<gisla,
turs Of the State Of Louisiana for tn
year 1914. ,
Thus done and signed at my offics
at New Orleans, louis;ana, in III
presence Of Messrs. John py1nend, Jr.
and A. Gifftn Levy, competent VII
nesses, after due reading Of the whole
the subscribers to this Corporation
hereby affixing after their names tn,
amounts Of stock respectively sub
scribed by each and hereby declaring
this to constitute their stock subscrip
ton list.
Witnesses: Il
JOHN DYMoND, JR.
A. GIFFEN LEVY
ExASrE WDuNE,
NoA->., DAHL.