The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-14

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| residence, trade and business.
| 10 purchase, or otherwise acquire, and 10
| hold own or control, receive, store, convey,
| deliver, sell, lease or otherwise dispose OF
| water, ice or moisture in any form, or rights
| Of any nature IN and to water, the usage
| thereof.
Generally to carry on undertake any
other business OF the same general nature,
which, from time to time. seems to the dlrcc-
| tors OF tins corporation capable OF being CON
venlcntly carried on in connection with the
above objects, or calculated directly or Indl-
rectIy 10 render valuable or enhance the
| value OF any OF the Companys privileges or
rights, and which is lawful in Louisiana, Tor
a corporation organized.
Article III.-The capital stock Of this cor.
poratlon IS hereby HNed At the sum Of sixty
thousand dollars 5000, divided into and
represented by SIX hundred 900 shares OF
the par value OF one hundred dollars tSltgtu
| each. This capital stock may be increased to
two hundred sixty thousand dollars
SAID stock shall Ice paid for in installments
OF such amounts and at such times as the
board OF directors may determine, but any
part or parcel OF said stock may be issued by
said board Of directors at not less than par
IN payment OF labor due or property actually
received by said corporation.
This corporation shall commence business
ana be 4 gong concern as soon thirty nine
thousand dollars OF its capital stock shall
! have been subscribed for and this charter
signed and executed by the inCOrporatorS
Article IN.-All the corporate powers of this
corporation shall be vested in and exercised
by a board OF hve 81 directors, to be com
posed OF Stockholders, three OF whom shall
constitute quorum Tor transacting all bust
ness. he board OF directors shall be vested
with fall power and authority to make all con
tracts, purchases and sales, and adopt all
bylaws, rules and regulations for the GOV.
eminent OF the business and affairs Of the
company, and alter, amend and change the
same at pleasure, appoint, hire and DISCHARGE
all officers, agents and employees, fix all sal
ares, and generally to do and perform all
things necessary III the transaction Of the
business and affairs Of the company. Any
vacancy occurring IN said board shall b,
nlled by the remaining directors in the man.
ner provided for in the bylaws.
The hrst board Of directors OF this corpor-
atom shall consist of John ). Perry, Morton
d. Hall, II. 5. Bramwcll, George II. Penn and
Frank y. llelmer, with the said Frank A.
flelmer as president II. ). Bramwell, as vice
president, and John ). Perry, as secretary
and treasurer, who shall hold their Offices I'M
til the first Monday December, 1915 or I'M
flied.
On the first Monday in December, 1915, and
annually Thereafter an election for directors
snail he held At the office of the company, uH-
der the supervision of three commissioners 10
be appointed by the president, and the direc-
tors then elected shall take their seats I'M
medately and shall hold Office until their sue.
CeSSorS are duly elected and qualified. Each
board shall elect its own officers, which shall
consist OF a president, a secretary and
treasurer; two Of said offices may be held by
All corporate elections shall be by ballot.
and majority OF the votes cast shall elect.
and ut all stockholders meetings held for any
purpose, each share Of stock shall be entitled
10 one vote, either IN person or by proxy, 10y
the person in whose name same i registered
on the books OF the company, and the board
OF directors may close the stock transfer books
Tor period not exceeding thirty days before
any meeting.
Written notice Of stockholders meetings
shall be given TO each stakeholder by the sec
rotary at least ten OO days prior to cleo
tons, by mailing same, postage prepaid, 10 his
last known poSt-otICe address.
The board OF directors shall have power 10
establish stock transfer agencies under reason
able rules and regulations, in the cities Of
New Orleans, Louisiana; and Chicago, Him
Ols, and At such other places as they may
deem necessary and the business OF the cor
poration shall require
Article N.-This act Of incorporation may
be changed, altered or modified or this cor
poratlon dissolved in any manner provided by
law; ST with the assent OF three-fourths 90
OF the stock present or represented at any
general meeting Of the stockholders convened
Tor that purpose after thirty (30D DAYS prior
notice OF such meeting shall have been given
by publication in one Of the daily newspa-
pers published in the city OF New Orleans
by five 81 publications during said period
and such changes may be made in refer
ence to the capital stock shall be made in ac-
cordance with the then existing laws on the
subject.
Article Wv neneVer TINS corporation Is
dissolved, either by limitation OF its charter
or from any cause, its affairs shall be liqui-
dated by three 80 commits TO be ap-
pointed from among the stockholders at a
meeting OF the stockholders convened for that
purpose after thirty 800 days prior notice
shall have been given by the secretary to
each stakeholder. Said commissioners shall
remain in office until the affairs of said cor
poration shall have been fully liquidated. In
case of the death of either commissioner, the
survivor shall continue to act.
Article VII.-No stakeholder of this corpor
alton shall ever be held liable or responsible
for the contracts faults thereof in any
further sum than the unpaid balance due TO
the corporation the shares owned by him, |
nor shall any mere infOrmality in organization |
have the effect of rendering this charter null, |
nor OF exposing a stakeholder 10 any liability |
beyond the balance due on his stock.
The subscribers hereto have each written |
opposite their names the number of shares \
subscribed for, so that this act may also serve
as the original subscription list. SAID sub |
scriptions TO the amount of thirty nine thou |
sand (S5o,0DO0O) dollars TO be paid by the con- |
veyance of the real estate and property in |
which said parties are interested, described |
as follows, and valued by the present direc- |
tors at the said amount to-wit:
A certain tract of land with improvements |
situated at Barataria, parish of Jefferson, state
of louisiana, designated a portion of Plat |
No. p Of Plan 80 of Seiim Magner, late no. |
tary; said tract of land measuring more or I
two $500 feet front on the River Ouacha or
Grand Bayou Barataria, by depth of three
hundred and eighteen (3ls) chains and sew
enty-one GD links on the line of the property
Of Silas Turner and two hundred and eighty
three (280 chains and twenty-one cd links
On the line of the property OF John Coleman
less one half ca arpent front on Bayou Bara-
tara, by two hundred and eighty-three (2S5) \
chains twenty-one (2D links in depth more
or less; bounded on one side by the lands
now or formerly belonging TO Terrence Drouet,
nor or formerly the lands of Fernandez and
Chapron, and on the other side by the land OF
the late. J. P. Dautin, now or formerly the
land of John Coleman, the same having been
sold. however, without any guarantee as TO
the exact depth of said tract, containing TWEEN.
ty-six hundred $500 acres; in accordance
with plan of survey made by the John A
Kruse Engineering Company.
Thus done and passed in my notarial Office,
in the city of New Orleans, Louisiana, in the
presence of Allan s. Perry and Lieven De
PORTER competent witnesses of lawful age,
and residing in this city, who hereunto sub
scribe their names, together with said parties
and me, notary, on the day and date set
forth in the caption hereof. Corrections and
made and approved before sign
ing.
Original signed: John s. Perry, Chicago,
ILL.,, IS shares; +. A. Helmer, Chicago, III,
l95 shares; II. 6. Bramwell, Lincoln, Ill, 10 |