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

1 The board of directors So eIe.,.a .lu
from their own number the officers ~ ,hs .eS
| POI ation, who shall be president
| PIeSiueht, and shall also elect a secretsr,,
bosrd VI ue as. who may be members of the
! poaIu OF NOT, as the directors NAV see A. -
| Ioth OF SAID othces may be held bv one 80
| .lie SAINT person as secretary-treasurer .s
may De determined by the board. a.
! nd H. .e.Ion OF directors shall be by ballot
anu tne persons receiving the largest numb,
OF votes snail be declared elected For -.
| ing directors or for any other purnoses -
snare OF stock, whether present or bv nroxv
| re enu.Ied 10 one vote. A majority of
| inc votes cast shall be required 10 nass 80 ~
resolution or decide any Question II,h,;. az
10 the stockholders, except for the aTte-at;S
or amendment of this charter or the d;esoI,,l
| vided. Sii4aA'er pro-
The said board of directors shall have ,o,,.-
! ana authority TO make all necessary r,,les "a
| regulations Tor the management, operation and
| SoIiioi ol the business of the Corporation as
wen as TO make all necessary rules md -
| laws, with power to fill any vacarc,, 49,. -
fihg In their number or any yacancy Co.,.
! IlhH among the officers Of the corporation A
.iajortty OF the directors voting at any one
,, time, IN person or by proxy shall he re0,,;raS
| to pass any resolution OF aqopt anv hysia,,.s
ana winch, when SO adopted, shall become
valid corporate acts oNNO'''e
Article Nl.,Notice of all meetings of stock.
holuerS Tor electlng directors or for any o,bor
purpose, except as may be hereinafter di-ec,aJ
shali be gwen in writing by the secretarv 70
| be deposited in the mails at least ten d.
pei9re such meeting, directed to each stock
holder at his last known address snnaar;,1o,
| upon the books of the corporation unless ID
/ hotce IS waived IN writing by all the stock
holders appearing as such upon the books,
AfuCle Wins act of Incorporation may
De mOdihed, added to, changed or ar,spdej
| or tins corporation may be dissolved NV ~
the assent of the holders OF two-tbirJs -
amount OF its then entire outstanding stool
gwen at general meeting of the stockhold
ers to be convened after ten days' nrior no
tce, to be given in one of the daily ,.,,S.
papers published in the city of New Orleans
IN additional to the personal notice 10 each
OF the stockholders, provided in Article vi
OF its charter, and such changes as mn -
made in reference to the increase or derTease
OF the capital stock shall be preceded by such
notice, delays and formalities as are by law
required.
In event of the dissolution of said co-no-.
alton, either by Limitation of its charter or
otherwise, its affairs shall be liquidated by
three commissioners, TO be appointed and
elected at special meeting called for that
purpose, as above provided and he shall re-
main in office until the affairs of said cornora.
ton shall be fully liqudated; and in case
OF the death of one or more of said liouida.
tors, the survivors or survivor shall continue
to act.
Article VIII-No stakeholder shall be held
liable or responsible for the contracts or
faults OF this corporation in any further sum
than the unpaid balance due to the CORPORA
ton on the shares owned by him, nor shall
any mere infOrmality in organization have the
effect OF rendering this charter null or of ex-
posing stakeholder to liability beyond the
amount OF his unpaid Stock if any.
Thus done and signed at my Office, in the
city OF New Orleans, on the day, month and
year hrst hereinabove written. in the pres
ence of E. {. Settler and F. W. Gaudin, COM
petent witnesses, who hereunto sign their
names, together with said appearers and me-
notary, after due reading of the whole
Original Signed: A. Z. Graves, las shares;
Lou r. Graves, l share; Maude d. Krider, /
share: Witnesses: E. c. Seither, F. W.
Gaudin.
ALIENS BRIAN, Notary Public
/, the undersigned, recorder of mortgages in
and tor the parish OF Orleans, State of Louisi-
ana, hereby certify that the above and fore
going act of Incorporation of Gulf Land and
Drainage Company, Incorporated" was this
day duly recorded in my Office in book ll57,
folio -.
New Orleans, Louisiana, Aug 81, 1915
- (Signed) EMILE ]. LEONARD,
Deputy Recorder.
true copy.
ALEXIS BRIAN, Notary Public
(Revenue Stamp
sept 10 % 30 nov