The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-02
CHARTER
c,uF LAND AND DRAINAGE

C0MfhS America. State of Louisiana,
,..;,,d States o % City Of New Orleans.
Psnsh Oh inn on this the twenty-fourth
Be il snor Month of August, IN the year Of
Az Of tne thousand nine hundred ana nj,
g LOroa of II the independence oil inc Gnl.eu
rss. y. a America, the one nH RC;sn @ notary
-, before nmr,lssioned and qualified with
sbIie duly ~. narish of Orleans, State OF
2 and foi ~. N the presence OF the wit
,susisna' ssfter named and undersigned,
srsses neie l.-nr and appeared the several
r5onsh ,se names are heTeunto SUBSCRIBED
fs'nsss,slly declared that, avaiLins mem IN
% The benefits ana PfoHisioi ' u 'L ns
.lres Of vs. =, the State Of LOUISIANA ana OF
fsrstItuiion re said State relative to the or.
AZ lsss Oh ~ rornorations, and particularly OF
,,n1snoh y. of Act No 267 OF the Acts OF
4, pfOsIsioNss Assembly of the State OF LoulSi-
AZ Genera vear 1914, they have united to
90 100 "a AZ by these presents form ana Or
brr. sn SS.mselyes, as well as an suCn Other
pair Sbo may hereafter JON OF De0 :n.e
sssons s;,h them or their successors, INTO
s,secisseo. 'aoTation for the objects and pur-
aOck rnder the covenants, stipulatons
rss'..S,sements fOllwing' t,"iti ~. H. 49,
Afieie l. III he Gulf Land and Drainage
gnnOn '" TIn,crorporated," and under and by
| CSepany, unless sooner dissolved IN accord
sd IN law and this charter IL shaL eN-
lrrs sh VIE and shall have and ENJOY
I. and eonI.s,ce and succession for a pc
oporsIe ,v.nine (g9) years from and alter
nod o. his his act 1t may have, hold, re-
DC CAV os,ow. loan, exchange, acquire by
| ave ~, ar purchase, devise or Dequest,
rsnb 1910, dispose OF, convey, lease,
st avn. hypothecate, cucumber OF mort
gtcss,.dcerty Of any kind, whether real per
pe ~ mixed, eorpoTeal or ihcorpoIedl' NOV
snsi " ;,moyable, all subject to such lImI-
sbk OF ~ be prescribed by law. 1t may
prOns - nd endorse bonds or notes and
ssEe, sI-,.es of debt. II may accept mort
sihef oiiS-ss or other forms Of security tor
pees Psd for other debts. 1t may con-
nnS md be sued, plead or be implicated
Bses so,uorate name IN any court OF CoihPe,
y; -, .diction 1t may make, adopt and
m cannon seal and alteI inc same dt
Nc II NAV hold stock IN other cor |
rs'sais and us capital stock may be issued |
Pfsn:..i s,ock in other corporations. 1t |
m ~P anooint and employ such mana |
p1 I.c,ors officers, agents ana Other EN-
gfs its said business and convenience
fsl's.,,;,r and may nix their compensation,
~ due regard to the nature, character
~, 'D ss,lue of their services. 1t may make
,ne ,."hl;sh by-laws, rules and regulations
no ens;s,ent with this charter or any ex-
~ law fixing or altering the management
sns arno,rty. the regulation and govern
iis affairs, and the manner OF the
D.ssc,t;on and registration OF ITS stock. II
@ ~ ~;nd up and dissolve itself, or be wound
~ ~ dissolved in the manner prescribed by
II NAV conduct business IN this State,
-, States, the Federal districts the ter
-,anes and possessions oil inc ChlteG states,
I..v soreisn countries. 1t generally shall
-. ~ All the powers, rights, privileges and
r.rs,,ies which corporations are and may !
s.-,,,r he authorized 10 possess under the
s..;,rt;on and laws of this State, and par
s..srly under Act No. 267 OF the Acts OF
=. General Assembly OF the State OF Loulsl-
:, sor the year 1914. And It shall have the
rvu to invest its board OF directors with
n a its corporate powers, subject to such
ssne,;ous as may be named in this charter.
irt;eIe 1.-The domicle OF this corporation
An he AT the city of New Orleans, parish
0rleans, State of Louisiana, and all cita-
- and other legal process shall be served |
- rs president, or in the event of his alb
-, UPON its yce-president, or in the event
! me absence Of both of said officers, upon
"a secretary -treasurer.
ir,ce IfI-The purpose or purposes for
,SiA this corporation is formed and the ,
r,u,r Of the business to be carried on by |
4 ,rs hereby declared to be:
SETON l. To plant, grow and cultivate all
IA, Of fruits, plants and vegetables. To
r,ix, buy, sell and deal in horses, mules,
uns live stock and poultry of all kinds;
n generally to engage IN the business of
trnns and planting To build, buy, estab- $
ia maintain, operate and conduct hotels,
sres canning factories, packing houses,
rzrhouses, depots, cold storage plants, ice {
hcDnes concrete or clay factories or works
nj sawmills; and to buy, sell, import, export |
Nd generally deal and trade in, store, carry,
u,nspr and manufacture the products of
n o. all Of the above operations and any 4
y III ~. II Il
ndinery, tools, implements and supplies.
s<ton ii. To conduct the business of |
nj estate agent, and to deal in, buy, sell, h
1uuire, lease, sublet or farm for its own a
xnunt or for the account of others, real es- n
he. lands and tenements, and to survey, 4
Esdivide and plat such lands for the purpose q
rle and to improve and develop the same d
V the erection of houses or buildings there {,
n and to do such other lawful acts as may il
needful or desirable in and about the said
.ppyement or development thereof for any D
Epose; and generally to contract, purchase,
"a hold, lease, convey, mortgage, pledge, s.
znsfef or otherwise acquire or dispose of 81
nd. water rights, mills, factories, build d
~ and other structures, and all other prop d
uy, both real and personal, of every class a
~ description, or any interest therein nee d
cnfJ or desirable for the carrying on of the il
t.sssid business or either of them. la,
Sffon III. To purchase, acquire, hold, S,
~ pledge, sell, lease and dispose of, and C
e2eislly deal IN, the stocks, bonds and other al
ennties or evidences Of indebtedness, prop m
II rights, business, good will, franchises III
s'seu OF every kind of any firm, asso- a,
san.ns Individual or corporation, foreign, do ir
80 or municipal, or Of any state, parish, al
aauiI ward, road district, drainage or SUBJ e,
e'lase district, or any political subdivision e,
|. e naie OF Louisiana or elsewhere. And nj
la any property, rights, business, good al
III nalenises and assets so acquired in the
- oonas, or other securities of this cor W
.anon or otherwise. n.
Ssl'on W. 10 carry on a general contract is
me construction business and operations, CO
s.stns Of entering into and executing con. in
~ Nln persons, frms and public or pri- &c
. orporations, and particularly TO make of
~ sI.eis and do all things incident to the
- under contract of railroads, tn
- roads, highways and turnpikes. To IN
- reclaim and improve submerged, re
! Or other lands, and to do and carry tn
!, snsral dredging and draining business,
MAJ purpose to own and operate con- sh
~ = aIeasing and draining plants, con- vi
- ,mAeninery, tools, implements, dredge do
a''ehing machinery, scows, lighters, in
- vessels, engines, cars, wagons and all
v Oh every class and description con- ra
49, o. necessary thereto. ;ts
~ 10 carry on any other business | ca
=, :. eI ine law IT may be entitled to or,
xnlcn may seem to the corporation sa
-. ased, directly or indirectly, to
- me aforesaid objects or either of no
49,. % facilitate it in the transaction of be
4 N.ssso business or businesses, or any sis
~ s', or IN the transaction of any other tn,
~ = sai,n s that may be calculated, di. he
- hurectiy to enhance the value of ca,
- profitable any of the company's RE
en,,;.. ao rights; and generally to hold an
49, all such incidental powers and boz
= 49, relate to the objects and pur. ON
!. 80, set forth as may be neces. AM
49,. or convenient for calculating an
l16er NJ tn purposes. cor
P'sstion is hereby fixed at fifteen ex,
- gisgU) dollars, divided into one dir
- s.s. MY lsO shares of the par value att
= All SnIdfed Slo0 dollars each, all of me
} i ,ss q common stock, and the same 9th
ysoeytr !, ior cash money, or in payment cas-
--t-sss vi services