The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-07
OF property or services actually received h..
or rendered to said cornnr..;a-' aeNeiVeu Dy

PioPeiS OF services actually received nv
or rendered to said corporation. W
lhls corporation shall comme,c.
! ana become going concern as soon as Sf,sas
thousand dollars of its capital STOCK sbaIi -
peen subscribed and paid for said stock shall
be fully paid at the time of its ;ssnaro 'n ni
thereafter worcestershire anu
Inc parties hereto declare that each .,L
| scrlbed for the number of shares Of 80 SUI
tai soSN ser opposite their respective sigma.
lures hereto, aggregating fifteen tboTsa.'I
! (SlS,OoO) dollars, the same to be maid Co. =;
cash or IN property or other chooses in act;an
or notes OF the value satisfactory to the hold
ets. me BOARD OF directors hereinafter ere
ated IS specially authorized to dispose of ~.
STOCK for any and all of the PURPOSES abo,,o
proper. iaii anu
The capital stock of this corporation NAV
be increased or decreased, from time To tim.
10 any amount not exceeding one bunJrcj
thousand dollars, in accordance with the nro.
VISION OF me law appertaining thereto.
Article N-All the powers of this cornora,;o,
shall be vested in and be exercised b t aSIoI
Of directors composed Of not less than tbree
nor more than hve stockholders, as the board
OF directors may from time to time deter.
holders at the annual meeting: each dirrcto-
snail be bona hde stockholder, and the FIRST
| board of directors who shall serve until ~
election TO be held on the first Tuesday in
February, 1910, and until their successors are
elected and qualified, with their postofice al
| dresses, are as follows: A. b. Graves. Nevy
| Orleans, l4S shares Lou r. Graves. New o..
leans, share; Maude d. Krder, New Or
| leans, La, ] share; with said A. B. Graves
| as president; Lou R. Graves as vice.nres;
dent and Maude d. Krider as secretary.treas
| urer.
On the first Tuesday in February, 1916. and
| annually thereafter, except when such dav
| shall fall on a legal holiday, then upou the
| next following layday, the STOCKHOLDERS shall
! elect board OF directors for the ensuing wear
| the board already installed to continue TO
l fIarw
and qualified.
The board Of directors 90 elected shall select
| from their own number the officers OF the cor
po"ation, who shall be a president, a vice
| president and shall also elect a secretary
| and treasurer, who may be members of the
! board or not, as the directors may see fit and
| both OF SAID Offices may be held by one and
the same person as secretary-treasurer, as
may be determined by the board
The election of directors shall be by ballot
and the persons receiving the largest number
OF votes shall be declared elected For elect
ing directors or for any other purposes, each
share OF stock, whether present or by proxy,
shall be entitled to vote. A majority Of
/ the votes cast shall be required to pass anv
resolution or decide any question submitted
to the stockholders, except for the alteration
or amendment OF this charter or the dssou.
ton OF the corporation, as hereinafter pro-
vided.
The said board of directors shall have power
and authority to make all necessary rules and
control of the business of the corporation as
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 corporation. A
majority of the directors voting at any one
time, IN person or by proxy, shall be required
! to pass any resolution or ADOPT any bylaws
and which, when so adopted, shall become
valid corporate acts.
Article NI.-Notice of all meetings of stock
holders for electlng directors or for any other
purpose, except as may be hereinafter directed,
shall be given in writing by the secretary 10
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.-This act of incorporation may
be modified, added to, changed amended,
or this corporation may be dissolved by and
the assent of the holders of two-thirds in
! amount of its then entire outstanding stock,
given at a general meeting OF the stOckhold-
ers to be convened after ten days prior no.
tice, to be given in one of the daily news
papers published in the city of New Orleans
in 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 formalities as are by law
required.
In event of the dissolution of said corpor.
alton, either by limitation of its charter OF
otherwise, its affairs shall be liquidated by
three commissioners, 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 one or more of said lquida
tors the survivors survivor shall continue
to act.
Article VIII.-No stakeholder shall be hello
liable or responsible for the contracts OF
: faults of this corporation in any further sun
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 a stakeholder to liability beyond the
amount of his unpaid stock, if any.
Thus done and signed at my Office, in thu
city of New Orleans, on the day, month anC
year first herenabove written, in the pres
. ence of E. c. Seither and F. w. Gaudln, com
petent witnesses, who hereunto sign thei
names, together with said appearers and me
j notary, after due reading of the whole.
+ Original Signed: A. b. Graves, las shares
Lou K. Graves, l share; Maude ID. krlder,
5 share Witnesses: Z. c. Settler, +. w
Gaudin
L ALEXIS BRIAN, Notary Public.
L, the undersigned, recorder of mortgages II
: and for the parish of Orleans, State OF Louisi
, ana, hereby certify that the above and fore
going act of incorporation of Gulf Land ant
i Drainage Company, Incorporated" was thi
E day duly recorded in my office IN book llS'
New Orleans, Louisiana, Aug. d, 1915
. (Signed) EMILE J. LEONARD,
Deputy Recorder.
ALEXIS BRIAN, Notary Public
e (Revenue Stamp
E sept 9 10 % 30 nov