The herald., 1915-02-18
CHARTER.
OF DEER ISLAND IMPROVEMENT COM
pANY UNCOMFORTABLE.

OF DEER ISLAND lMPRONEmENl NOh
PANY, INCORPORATED:
I.ri,ed States Of America, State Of Louisiana,
Parish OF Orleans.
BE n known, that on this day OF the month
# January, in the year 1914 and OF the In
dependence Of the United States OF America
the 10Th before me, Herman Michel, No,
,nry Public. duly commissioned and qualihed
!. and for the Parish OF Orleans, State OF
Louisiana. and IN the presence OF the VII
r.sse- hereinafter named and undersigned,
Personally came and appeared. The several
r-r,0us whose names are hercuntO sub
ribbed who ,evCTaliy declared that awaiting
themselves Of the privileges Dt the statutes
md laws Of the State Of LOUISIANA, relative
Id the formation OF corporations, and partcu
. 'srly Act No ~ of the session Of the General
Assembly OF the State Of Louisiana, OF 1914
they have cuycnauted and agreed. and dc
.s these presents covenant and agree, ant
slud and abligate themselves, well a. al
-rrh persons a. may hereafter become dSso
lated with them. go form and constitute q
'pdy cprpo, ate and polite IN law, Tor The
Directs and purposes, and under the Stlpuld
'rpu, and provisions following, to-Wlt:
Article The name and title OF this cor
.puatiou shall be- the Deer Island Improve
,.cut Company. incorporated, and under tha'
.trnc shall have and enjoy all the rights, pTIvi
Lrgc~ and advantages granted by law To cor
inraiipuS. and shall have the power and au
.luTr'N To- ,H1Dy succession and corporate
existence for and during the period of ninety
rlue C|D years from the date hereof. unies,
H''.'' 'Ai0N.lF'' IVA 'ti' '-'''''''N' ~
r-oyIdcd for
said corporation shall have power and au
.nurIiy 20 contract, TO sue and be sued, IL
make and Use a corporate seal, and the same
600 break. alter amend at pleasure, TO hold
receive, purchase. convey, deliver, mortgage
nypUthcCltc and pledge any property, real
ar personal, and TO issue notes and othei
utliga'i0us. negotiable instruments or other
evidences OF debt, To have and employ such
managers. agents and other employees as the
interest and convenience OF said corporation
lay require or demand, and to make and es
'rblIsh such bylaws, rules and regulations
n the corporate management and control OF
IS affairs as may be deemed necessary anc
,>pcdlcnt.
Article 1.-The objects and purposes for
sci Inch this corporation Is created are hereby
! declared 10 be, TO purchase, hold and DISPOSE
81 all or any portion OF that property known
a~ Deer Island, IN Harrison County, State o.
Mississippi, and for thI, purpose TO buy, sell
mortgage, exchange or otherwise acquire
ALLEVIATE or deal in real estate generally
! % neither improved or unhnpTUNcd, IN the State
If Louisiana and Mississippi, or elsewhere
either for itself or for the account OF others
| and either principal or as agent, on com
mission or otherwise; and also to improve
property real or personal; to grant and TAXI
mortgages ard assignments Of mortgages upoI
! the same and generally to do any and al
! ihiugs and acts whatsoever necessary or IN
,ideutal to, or connected with the transaction
Of the business Of said corporation.
Article III.-The Capital Stock OF thi
| corporation Is hereby fixed at the sum o
| fteen thousand ISl5,DOl dollars, divided
| into, and represented by one hundred anC
Fftv Q5W shares. of the par value Of on
| hundred SlOOOOl dollars each. and when is
! sued. shall be paid for IN cash or property, o
! IN the equivalent thereof. All shares OF stool
| shall be issued full paid and non-assess
| able, and no transfer OF stock shall be bind
| ing said corporation, unless recorded oil
! us books.
! No S,ockholdcr of said corporation shall sci
/ MS stock to any person, until he has hrs
| offered It to the then stockholders Of tn
! corporation AZ its then book value, and an,
transfer Of stock made in violation of thi
/ provision. shall not be recognized by tn
| corporation.
This corporation shall be a going concern
| IS soon as ten thousand CSl0OO.O0 dollar
t its cauital stock has been subscribed a
| hcreiRabove provided.
Article IN.-The domicile of this corporation
! shall be in the City of New Orleans, Paris
| Of Orleans. State OF Louisiana, and all eta
| ton or other legal process shall be serve
upon the president, and i'll his absences, a
! the law directs.
Article N-All Of the powers of this cor
poration shall be vested in. and the manage
nent aud control of its affairs shall be eXer
| ,ised by, a Board of Directors, to be com
! pScd of not less than five OF more than min
stockholders. three of whom shall conStitut
quorum for the transaction of the business
| # the corporation, each of whom shall owl
| ~ his own right during the term of his office
! at least one full paid share Of the capita
| stock of this corporation.
! The first board Of directors OF this corpor
alton shall be composed Of Meyer Eisemar
! 70 Baronne street; Alvin +. Johnson, 592
Laurel street; :. W. Souers, l205 Peters ave
| rue; +. Dean, 6l6 Mason Blanche building
and Eldon ) Lazarus, 9O4 Maison Blanch
| building. all of New Orleans, La.
The officers Of the first Board of Director
shall be Meyer Eiseman, president; Alvin +
Johnson, vice-president, and $. W. Souer,
secretary and treasurer.
| The said first Board of Directors and tn
| said officers above named, shall serve an
! remain in office until the first Monday /
| February, 1910. on which day, and annual
| thereafter the Board of Directors shall b
| elected by the stockholders at a meetin
| called for that purpose. All directors and OF
! hCcrS shall hold office until their successor
| are elected and qualified. and any failure {
elect directors shall not be regarded a fol
fixture of this charter.
! In the election of directors, each stock
! holder shall be entitled to one vote for eac
! hare OF stock owned by him and standing i
his name the books of the company, an
nay be cast either IN person or by duly au
,horized proxy, and a majority of the vote
r1st shall elect. Any vacancy occurring in tn
board of Directors. shall be filled by the r.
naming directors for the unexpired term.
Article Nl.-All meetings of the stockholt
| rs shall be called by written notice, MALE
20 the last known address Of each stockholde
not less than fifteen days before the dat
Ned for such meeting, unless said motto
has been waived in writing by the stocE
! holders.
Article NII.-This act of Incorporation ma
he amended. modified changed altered,
this corporation may be dissolved, with tn
assent of the stockholders holding and ownin
two-thirds OF the capital stock thereof, VIII
may be present or represented at a geners
meeting of the stockholders, convened for thu
purpose, and of which due notice has bee
given.
Whenever this corporation shall be di.
solved, either by limitation or from an
other cause, its affairs shall be liquidated b
three commissioners to be selected for thu
purpose from among the stockholders at
meeting of the stockholders convened for sue
purpose; said commissioners shall remain
office until the affairs of said corporation sha
he fully and finally liquidated. Any vacanc
occurring amokg the liquidators, froi
any cause whatsoever. shall be filled b
the remaining commissioners. Said liquid;
tors shall exercise all of the rights conferre
upon them by law, and they are especial
empowered to settle the affairs of said corpo
alton, to collect the outstanding debts, Sc
and convey the property, pay its debts, an
divide the remaining money and prOpert
| among the Stockholders.