The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-12

personal and mixed; 10 issue bonds, notes
and Olner obligations; TO have and employ
such managers, directors, OfhCeTs, agents and
other employees as the interest and couye-
nIenCe OF sand corporation may require or
demand, and TO make and establish such by
laws, rules and regulations for the corporate
management and control OF the business and
affairs OF the corporation as may be deemed
necessary eXpedIent.
Article 1.-The domicile of said corpora
ton shall be in the city OF New Orleans,
state OF Louisiana, and all citations and
other legal process shall be served on the
president and in his absence on the vce-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 III.-The objects and purposes for
which this corporation is formed and the ma.
turc of the business to be carried on by If
are hereby declared to be: to deal in, buy
and sell, for its own account or for the &C.
count of other, all real estate, lands tene-
ments, etc, mortgages, mortgage notes, bonds
shares OF stock and all other securities; 10
lend money on property, both real and per-
sonal, and to make leases; to act as broker
or commission agent or trustee or depository
for individuals, firms or corporations; to
guarantee titles TO land or other real estate
and TO issue guarantee or other bonds: to re.
claim and improve landed property: to Law
out town lots suburbs. pave streets, con.
struct sidewalks and alleys; to put down
sewer, drainage, water and gas or other
trenches or pipes and to connect the same with
the municipal plants or for the sole use OF
such subdivisions; to contract or erect, or tc
contract for the construction or erection OF
buildings, workshops. mechanical plants. and
generally to do and engage in any and every
other kind of business or undertaking or ente,
PRISE connected with, or growing out or ger
Fa1 z
herelnabove set forth and not prohibited BY
the laws or Constitution of the state of Louisi
ana
Article--IV. The capital stock of this cor
poration is hereby fixed at the sum of Ter
thousand (sl0,OOOOO) Dollars (Which NAV h,
increased to sum not exceeding Twenty-fyt
thousand (25,0O0O0 Dollars), divided into one
thousand 1000 shares of the par value o.
len tSlOOO) Dollars, each, which shall be paiC
for in cash or installments on the call of the
board OF Directors, may be issued at MOI
less than par for property purchased by OF
services actually rendered TO said corporation
All shares of stock shall be full paid ant
worcestershire. No transfer of stock shall be
binding upon the corporation, and all certif
Gates of stock shall be signed by the President
or Nice:President and the Secretary of thi.
corporation.
Article-V. All the corporate powers of tbi,
company shall be vested in and the manage
ment and control of its business and affair
snail be exercised by Board of Directors
composed OF three stockholders, which nunbe-
may be increased to no more than seven. al
the discretion of the Board of Directors. ma
Jorlty OF whom shall constitute a quorum for
the transaction of all business. The director,
snail be elected annually on the first Tuesday
of the month of January of each wear. bv hal
lot OF the stockholders. Each stakeholder shall
be entitled, IN person or by written proxy tc
one vote OF each share of stock owned by hin
and standing in his name on the books Of the
corporation. All elections shall be held undo,
such rules and regulations as may be determi
ned by the Board of Directors, but after al
least ten days notice of such election shall
have been given to each stakeholder BY mai
sent to his last known address, or by publica
ton for at least ten days preceding such cleo
ton in one of the daily English newspaper.
published in the City Of New Orleans. The
directors thus elected shall continue in Office
Tor one year or until their successors shall