The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-23
OF property or services actually received nv

OF property or services actually received NV
or rendered to said corporation -
inns corporation shall commence bus;,...
ana become going concern soon as fifteen
thousand dollars OF its capital stock shall have
been subscribed and paid for; said stock shall
be fully paid at the time of its issuance and
/ thereafter worcestershire anu
The parties hereto declare that each sub.
scriDed Tor the number of shares of said can
Ital stock set opposite their respective signs
lures hereto, aggregating fifteen thousard
tSlS,VO) dollars, the same to be paid for in
| cash or in property or other chos.s in ,n,;n
| or notes of the value satisfactory To N. boIJ
| ers. The board of directors hereinafte- 90
| ated is specially authorized to dispose of 81.
| stock for any and all of the purposes above
| stated, in its Judgment NAV seem 81 -
proper. ~
The capital stock of this CORPORATION MAJ,
| be increased or decreased, from time 10 t;n,e
| to any amount not exceeding one bundled
| thousand dollars, in accordance with the nro
| vision of the law appertaining thereto F''
Article Vail the powers of this corpora,;or
| shall be vested in and be exercised bv a board
| OF directors composed Of not less than three
/ nor more than flve stockholders as the hosrd
| Of directors may from time TO time deter
| mine, 10 be elected each year by the stock
| holders at the annual meeting; each director
| shall be bona hde stakeholder, and the FIRST
| board of directors who shall serve until The
| election TO be held on the first Tuesday in
| February, 1916. and until their successors are
| elected and qualified, with their postoffice adj.
dresses, are as follows; A. b. Graves. New
leans, | share; Maude d. Krider, New Or.
| leans, La, ! share; with said A. B. Graves
| as president; Lou r. Graves, as vice-presi.
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 legal holiday, then upon the
| next following layday, the stockholders shall
elect board of directors for the ensuing wear.
the board already installed to continue 10
hold over until their successors are elected
and qualified.
The board OF directors SO elected shall select
from their own number the officers of the cor
po"aton, 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 one vote. A majority OF
the votes cast shall be required to pass any
resolution or decide any question submitted
to the stockholders, except for the alteration
or amendment of this charter or the dissolu.
ton OF the corporation, as hereinafter pro-
vlded
The said board of directors shall have power
and authority to make all necessary rules and
, regulations for the management, operation and
control Of the business OF the corporation, as
/, well as to make all necessary rules and by.
laws, with power to I'LL any vacancy occur
! ring in their number any vacancy occur
ring among the officers of the corporation.
majority of the directors voting at any one
time, in person OF by proxy, shall be required
to pass any resolution ADOPT any bylaw:
and which, when so adopted, shall become
: valid corporate acts.
Article VI.-Notice of all meetings of stock
, | bnldarS for ell fnr tba
. purpose, except as may be hereinafter directed
1 shall be given in writing by the secretary, e
be deposited in the mails at least ten day!
before such meeting, directed 10 each stock
! holder at his last known address appearing
upon TIE books of the corporation, unless sale
t notice is waived in writing by all the stock
4 holders appearing as such upon the books.
Article Widths act Of Incorporation ma,
r be modified, added to, changed amended
e or this corporation may be dissolved by anC
y the assent of the holders of two-thirds il
amount of its then entire outstanding stock
! given at a general meeting of the stockhold
0 ers to be convened after ten days prior no
J., tice, to be given in one of the daily news
; papers published in the city of New Orleans
f in additional TO the personal notice to eacl
= of the stockholders, provided in Article V
!, of its charter, and such changes may b.
!, made in reference to the increase or decreas
e of the capital stock shall be preceded by sucl
s notice, delays and formalities as are by Law
I required.
>. In event of the dissolution of said corpor
( alton, either by limitation of its charter o
y otherwise, its affairs shall be hquidated b.
!, | three commissioners, to be appointed an
elected at a special meeting called for tina
a purpose, as above provided, and he shall re
|, main in Office until the affairs OF said corpora
n ton shall be fully liquidated; and in cas-
y of the death of more of said lquida
7, tors, the survivors or survivor shall confirm
e to act.
e Article VIII.-No stockholder shall be hel
: liable or responsible for the contracts O
v faults of this corporation in any further SUI
d than the unpaid balance due to the corpora
v ton on the shares owned by him, nor sha
:, any mere informality in organization have tn
:, effect of rendering this charter null or of eS
II posing a stakeholder TO liability beyond tn
/ amount of his unpaid stock, if any.
D. Thus done and signed at my office, in III
IS city Of New Orleans, on the day, month an
= year first hereinabove written, in the pre-!
Ie ence of E. c. Settler and F. w. Gaudin, con
petent witnesses, who hereunto sign the
4, names, together with said appearers and M
a notary after due reading of the whole.
r. Original Signed: A. b. Graves, l4S share:
D. Lou X. Graves, share; Maude d. Krider,
S share Witnesses: Z. C.. Settler, +. v
D. Gaudin.
h |, the undersigned, recorder of mortgages
B. and for the parish of Orleans, State OF LOUIS
N ana, hereby certify that the above and for
ID going act of incorporation of Gulf Land ar
ID Drainage Company, Incorporated" was tn
,e day duly recorded in my office in book lis
r folio -. -
T. (Signed) EMILE J. LEONARD,
= Deputy Recorder.
!. ALEXIS BRIAN, Notary Publ
te (Revenue Stamp
he sept 10 % 80 nov