The herald., 1915-01-07

| from and after the date hereof, to contract
| to sue and be sued, to make and use cor
| porate seal, and the same to alter and breai
| at pleasure; to hold, to receive, purchase, nv
| pothecate, convey, sell, lease, or pledge rca
and personal property; TO issue negotiable,
loans and notes or other evidence of debt
! to name and appoint such managers
agents, directors, and officers as its bus
| mess interests and convenience may re
| quire; and to make and establish as well d,
alter and amend from time to time such by
| laws, rules and regulations for the propei
government OF the affairs of this corporation
as may be necessary and proper.
Article 1.-The domicle of this corpora
ton shall be in the City of New Orleans
State Of Louisiana, and all citations and Other
legal process shall be served upon the presi
dent OF this corporation, in the event oil
ms absence upon the secretary thereof and
IN the absence of both of said officers upon
the yice-president OF the company.
Article 1.-THE objects and purposes fol-
which this corporation Is organized and the
nature OF the business to be carried on BY it
are hereby declared to be:
The dealing IN, acquiring, purchasing, hold
ing, selling, mortgaging, bonding, leasing
manufacturing, alternating, improving devcl-
oplng, or III any wise cncumbering real es.
tate IN any one of the forms that NAV be
deemed most advantageous for the puropse OF
carrying out its business, and to hold, sell.
mortgage, lease OF purchase improved or uniul-
proved properties of any kind within the State
OF louisiana, and to develop, reclaim, drain
" N'ibAHdtI diIy ldlltlS Itlu or acquired by 1t
to contract for dredging the construction OF
canals and levees and any other construction
or engineering work connected with or col
lateral to land reclamation, and in such
connection to operate railroads. tramways.
and navigation canals; to build roads and
highways; to construct wharveS, warehouses;
landings, piers, station houses, and other
improvements necessary, and to use and oper-
ate all floating crafts as the needs of the
business may dictate; in furthering the Oh
lects and purposes of this corporation IL shall
have the right to extend the operation of its
affairs to any point within the State which
may be deemed advisable or without the State
as ITS necessities may require, at which point
branches may be established. 1t shall have
the authority to contract for the construction
of all necessary structures and edifices. 10
develop town sites in connection with the
work of reclamation and developing and TO
lay out streets, roadways and alleys for the
convenience of the inhabitants and in gen.
eral TO do any and all things that NAV he
incidental TO any Of the lines of business here
tOfore set forth.
Article IV-The capital stock of this cor.
Roration is hereby fixed at the sum of Ten
and represented by One Hundred QOO) shares
OF stock at the par value of One Hundred
lSlOOOOD Dollars per share. Said stock shall
he paid for in cash at such time, and after
such notice to the subscribers as the Roard
of Directors may fix, the same may be
issued at not less than par for labor done
or services rendered for the said corpora
ton, or property or rights actually received
by said corporation.
The amount TO which the capital stock may
be increased shall at no time exceed
Two Hundred and Fifty Thousand (s25O,OOO)
Dollars.
This corporation shall become a going con-
Germ, and shall be authorized to commence
business when and as soon as Five Thousand
(S5,00000) Dollars of its capital stock shall
have been subscribed and paid for.
Article YAH of the corporate powers of
said corporation shall be vested in and exer-
cised by a Board of Directors, to be composed
IF not more than five 80 and not less than
-hree 90 stockholders, a majority of whom
sitting at any time shall constitute a quorum
said directors to be elected annually on the
second Monday Of February, beginning in the
year 1915. Each stakeholder shall be entitled
n person, or by written proxy, to one vote
IN each share Of stock owned by him and
standing in his name on the books of the |
All elections shall be held I'M
Ter such rules and regulations as may be de- |
ermined by the Board of Directors, but, after |
egal notice of such election shall have been
yiven to such stakeholder by mail sent to his