The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-16
I pTO9ersy or services actually received nv

Oh property or services actually ,ao.;,.,
OF rendered to said corporation eu oS
and bscor1iP atlon SHALL commence cuisines.
ana become going concern as soon as St.sss
thousand dollars of its capital ct ds niteer
peeH subscribed and paid for; said stoi a laws
De iuiiy paid at the time of its issrorNo Snal
hereafter worcestershire ano
| The parties hereto decIa-o 81
scriOed for the number of shares IS an avn, SUB
| ildl STOCK set opposite their resnect;ye ; aP
lHis heIeto' aggregatng fifteen tbo,,saL
SlJ'ooOl dollars, the same to be maid e.. ~
! Cash or IN property or other chooses =; toL ~
| OF notes OF the value satisfactor, % ~ aSioI
! ers. Inc board of directors bere;n,ft ~ "oIu
| ated IS specially authorized 10 d;snosn =. ere ,
STOCK tor any and all Of the purposes ~ ',Ie
| proper. oeeM lair and
The capital stock of this cornor,,io.,
be increased or decreased, from time - ma, ma
70 any amount not exceeding one byndrnI
v;en nf DO, ILoild 1, IN accordance with the pro.
VISION OF me law appertaining thereto.
| Article N-All the powers of ,b;s cay,.
| stidiL nc vested IN and be exercised nv a III
Vi directors composed Of not less than tbTee
~ 9' ,oIt man hve stockholders, as the board
Oh directors may from time to time IT,
mine TO be elected each wear nv H. -
holders at the annual meeting; each direc.p
shall be bona hde stockholdcr. ard IL : eo
nHd,l OF directors who shall serve until the
GiGC'loh 10 be held on the first Tuesd,v -,
| February, l9l6, and until their succrsso-s' -.
elected and qualified, with their pos,oG.ra "a
dresses are as follows: A. b. Graves Ne,y
CIIeanS, -" shares; Lou Il. Graves, New o..
leans share; Maude d. Kridcr Neyv O-.
| leans, La, share; with said u 90 VI
| as president; Lou r. Graves, as vice-rres;
dent and Maude d. Krider as secretaTv.ircss.
urcr. al 'icis-
On the first Tuesday in Febr,,r, ,o,e 49,,
annually thereafter except when snrI Anu
snail tall on a legal holiday then mo, 81
| next following layday, the Stockholders eh,II
eIe'' a board OF directors for the ensuing wear.
tHg oodru already installed to continue 10
h"Ii over until their successors are elected
and qualified O-'0''d
The board Of directors so elected shall select
rom theIT own number the officers OF the cor
Po aiIon, VINO snail be president, a vice
president, and shall also elect a secretary
and treasurer, who may be member, of The
BOARD or not as the directors may see tit and
| both OF SAID Offices may be held by one and
| inc same person as secretary treasurer, as
may be determined by the board
The election OF directors shall be bv ballot
and the persons receiving the largest number
OF votes shall be declared elected. For elect
| ing directors or tor any other purposes, each
snare OF stock, whether present or hy Droxv
shall be entitled to one vote A majority al
the votes cast shall be required 10 pass any
resolution or decide any question submitted
10 tle SiocAhoIderS, except for the alteration
or amendment Of this charter or the dissolu-
ton OF the corporation, as hereinafter pro-
vided F''
The said board of directors shall have power
and authority to make all necessary rules and
regulations Tor the management operation and
control OF the business OF the corporation az
well as to make all necessary rules and by-
laws, with power to fill any vacancy occur
ring IN their number or any vacancy occur
ring among the officers Of the cOrporatron A
majority OF the directors voting at any one
time, IN person or by proxy, shall be required
10 pass any resolution or ADOPT any bylaws
and which, when so adopted, shall become
valid corporate acts.
10 ,F Ill
holders for eleCting directors or for any other
purpose, except as may be hereinafter directed
shall be given IN writing by the secretary TO
be deposited IN the mails at least ten DAYS
before such meeting, directed to each stock
holder Al his last known address appearing
upon the books OF the corporation. unless said
notice Is waived IN writing by all the stock
holders appearing as such upon the books.
Article Nll.-IhlS act OF Incorporation NAV
be modified, added to, changed or amended.
or this corporation may be dissolved bv and
the assent of the holders Of two-thrds in
amount OF its then entire outstanding stock
gwen at a general meeting OF the stockhold-
ers to be convened after ten days prior no.
tice, to be given in of the daily news
papers published in the city OF New Orleans,
III additional to the personal notice to each
of the stockholders, as provided in Article VI
OF Its charter, and such changes may be
made in reference to the increase or decrease
of the capital stock shall be preceded by such
notice, delays and formalites as are by law
required.
In event of the dissolution of said corpor-
alton, either by limitation of its charter or
otherwise, its affairs shall be liquidated by
three Ommissioners, to be appointed and
elected at a special meeting called for that
purpose, as above provided, and he shall re-
main in office until the affairs of said corpora
ton shall be fully liquidated; and in case
OF the death of or more of said liquida-
tors, the survivors 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 the shares owned by him, nor shall
any mere informalty in organization have the
effect of rendering this charter null of ex-
posing a 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, the day, month and
year FIRST hereinabove written, in the pres
ence of +. C. Seither and +. w. Gaudin, COM
petent witnesses, who hereunto sign their
names, together with said appearers and me,
notary, after due reading of the whole.
Lou r. Graves, share; Maude D. Krider,
share. Witnesses: Z. {. Seither, f. w.
Gaudn.
ALIENS BRIAN, Notary Public.
/, the undersigned, recorder of mortgages in
and for 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 J. LEONARD,
Deputy Recorder.
ALEXIS BRIAN, Notary Public.
(Revenue Stamp
sept 10 % 30 nov