The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-02

officers, managers, directors, agents and other
employees as the interest and convenience
OF said corporation may require or demand;
to make and establish such bylaws, rules and
regulations for the corporate management and
control OF the affairs of SAID corporation as
may be deemed necessary and expedient.
Article 1.-THE objects and purposes for
which this corporation Is organized and the
nature of the business to be carried on by
it are hereby declared to be: to buy, sell
and deal in, for its own account or for the
account OF any individual, firm or corpora
ton, real estate, mineral, timber and agrIcul-
tural lands tcnements and conduct plauta-
tiors or farms; bore or drill oil wells, artc-
sian wells, and to lease. hire or rent property,
lands, tenements; TO make leases as lessor
lessee; and generally, to do and engage IN
any other business, undertaking enterprise
in connection with, growing out OF, germane
incidental to any of the objects and pur-
poses hercinabovc set forth contemplated
by this charter
Article III.-The capital stock of this cor
poration is hereby fixed at the sum OF fifty
thousand dollars which amount may be in
creased to a sum not exceeding two hundred
thousand dollars, divided into five hundred
$500 shares OF the par value OF one hundred
tSlOOOO) dollars. each, which shall be paid for
IN cash, on such terms and conditions may
be decided by the board of directors, or may
be issued for not less than par for property
purchased by or services actually rendered to
said corporation All shares of stock shall
be full paid and non assessable. No transfer
Of stock shall be binding upon the corpora
ton unless made upon its books, and all GER
tihcates of stock shall be signed by the pres
ident ice-presIdent and the secretary OF
said corporation.
Article IV-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 vice
president of said corporation. In case of the
absence or inability of both OF said officers,
then said process shall be served on the
secretary of said corporation.
Said corporation shall have the right and
power to establish and maintain and conduct
Offices throughout the United States of Amer
lea and foreign countries
Article V.-All the corporate powers of this
company shall be vested in, and the man
agement and control of its business and at
fairs shall be exercised by a board of direc-
tors composed of nine stockholders, which
number may be increased to no more than
fifteen at the discretion of the board OF d1rec-
tors, a majority of whom shall constitute a
quorum for the transaction of all business.
Said directors shall be elected every year
on the first Monday in October. Each stock
holder shall be entitled IN person or by writ
ten proxy to one vote on every share of stock
owned by him and standing in his name on
the books of the company. All elections shall
be held under such rules and regulations
as may be determined by the board of direc-
tors and after at least ten days notice in
writing of such election shall have been
given to each stakeholder at his last known
address, or by publication in one of the daily
newspapers published in the English Ian
guage in the city of New Orleans, for at least
ten days preceding such election. The direc-
tors thus elected shall continue in office for
one year or until their successors shall have
been duly elected and qualified. No failure
to elect shall be regarded as a forfeiture Of
this charter. Any vacancy occurring on said
board Of directors shall be filled by the re-