The herald., 1916-11-23

under NV signature anu the impress OF my
Seal OF Once. 49,
New. Orleans, La. Nov. IS: A; d. 1916
Nov . 30 dec "A p %
CHARTER
OF TIE CONTINENTAL CONSTRUCTION
COMPANY, INC.
United States Of America. State of LOuisi-
ana. Parish OF Orleans
Re It known, that on this 10Th day OF the
month Of November, IN the year OF our Lord,
one thousand nine hundred and sixteen
l9l6. before me, Watts X. Leyerlch, a mo-
tarv public. in and for the parish OF Orleans,
safe OF louisiana. duly commissioned and
qualified and in the presence OF the VIII
nesscS hereinafter named and undersigned,
personally. came and appeared, the several
persons whose names are hereuntO subscribed,
all Of the age Of majority, who declared
that availing themselves OF the provisions
Of the laws of this state relative 20 the or
,auizltIon OF corporations, they hereby form
themselves into and constitute corporation
,f1- the objects and purposes. and under the
,,tiuulationS hereinafter set forth.
Article 1.-The name and title of this
corporation shall be: Continental COnstruc-
ION Company, Inc, and under its corporate
name il Shall enjoy succession for the full
fern and period OF ninety-nIne years from
and after the date hereof, and shall have
the power and authority 70 contract, sue
and hc sued: to accept and receive mOrtRa-
and use 4 corporate seal, and the same to
break and alter al pleasure; 10 purchase,
receive. lease, hold. or otherwise acquire
and convey, as well as mortgage and n.y.
pDtheCate under its corporate name, prop
erty both real and personal and mixed; TO
borrow money and make and issue bonds and
other evidences Of debt, and to secure the
same by mortgage or otherwise; TO name and
appoint such managers, and directors, Off
GERS and agents as the interest and convent.
cuce OF said corporation may require; and
70 make and establish, well as alter and
amend al pleasure, such bylaws, rules and
regulations for the management and regtr
lataion OF the affairs OF the corporation as
may he necessary, proper or convenient.
Article 1.-THE domicile of this corpora.
ton shall he in the city OF New Orleans, and
all citations or other legal process shall be
served upon the president Of the corpora
ton, or in his absence, upon the vice-presl-
dent
Article III-The objects and purposes for
which this corporation IS organized and the
nature OF the business TO be carried on
by IT,. are hereby declared to be:
l. TO carry on and conduct general en-
cheering and contracting business, Includ-
ing designing, constructing, engineering, re-
pairing, removing, or, otherwise engaging
in any work Of an engineering or construc-
ton nature, upon buildings roads highways'
trauwayS, ferries, watercOurses, bridges,
piers. docks, wharyes, mines, shafts EN-
bankments, hydraulic works, waterworks,
railroads, railways and railway structures,
manufacturing pants, sewers, SdHdISi iSNSSS
and public and private work OF all kinds.
,. To construct, own and lease, and oper-
ate dredgeS and other machinery, necessary
to drain and reclaim lands, construct. deep
en- and improve channels, canals and bitches
to own, operate and carry on all works per
tanning to such drainage and reclamation.
). To mine, transport and sell coal and
the by-prOducts thereof
T. To manufacture and furnish materials
and supplies necessary for use in connection
with the purposes hereinbefore set forth.
5 To buy, own, reclaim, cultivate, de.
yelop. improve. build upon, lease, and sell
and operate boats for transportation, pro-
PEELED by sail, steam, gasoline, electricity
| or other power; to construct, own and oper,
ate sawmills or other factories or industrial
O. To acquire, purchase. hold, sell. assign,
transfer, pledge or otherwise dispose OF
shares, stocks. debentures, debeRture stock,
| bonds obligations and securities issued or
granted by any company, constituted in or
carrying on business in the United States,
or in anv colony dependency or posses.
sion thereof, or in any foreign country, and
| debeu;ures, debenture stock, bonds, obliga-
| tions and securities issued or granted by
any government, municipality, district, OF
| other public body.
Article IV-The capital stock of this cor.
poration is hereby fixed at one hundred
| thousand (SlOo,OOOOO) dollars, divided into
| and represented by one thousand (l0OO shares
| Of the par value of one hundred $4,000
| dollars each; all OF which IS subscribed foI
| at the execution hereof. One hundred OF
these shares have been paid for in cash, al
par at prior TO the execution OF this char
ter, and the remaining nine hundred (9O0l
! shares are issued at par, in exchange foiI
| certain property, accurate, detailed and
| temizcd description of which as TO amount
! location, extent, character and state of i'm
provement together with a statement OF the
/ value thereof, as appraised by the directors
is hereto annexed and made part hereof
| to be read in connection herewith Said cap
| ital stock may be increased to the sum Of
| five hundred thousand dollars, OF which in
| crease. not more than one hundred thousand
| CSlOO,OOOOO) dollars may, at the option o.
| he stockholders expressed by a two-third:
affirmative vote, be cumulative preferred
stock. All shares. of stock are fully paic
| transferable only upon the books OF tht
| company, and in accordance with its bylaw:
| and regulations.
Article V-The powers of this corpora
! ton shall be vested in and exercised by
| board composed of not less than three, no.
more than seven. directors; each of whom
! shall own in his own right at least one full
paid and unpledged share of the capita
| stock. The number of directors within I'll,
limits above prescribed, and the number re
quired to constitute quorum of the board
shall be fixed from time to time by the by
\ laws.
The said board of directors shall be elect
| ed annually, by ballot, at a stockholders
| meeting, to be held at the Office of the cor
poration on the second Tuesday of Januar,
| in each year, beginning with January, 1917
\ after notice given to each stakeholder b,
! mail, addressed to his last known post offic
| address at least ten days before the dat
| of said meeting. Stockholders shall hav
the right of cumulative voting in the cleo
| ton of directors. Each share of stock shall
| be entitled to one vote, and it shall requir
majority to elect. The board of director
| shall have the power to NIL all vacancie
| which may occur on the board through death
| resignation, disqualification or other cases
| even though no quorum remained at the tim
| such vacancies are to be filled. Failure {
elect directors the day above specific
shall not dissolve the corporation, but til
directors then in Office shall remain in offic
until their successors are elected and quail
fed.
The board of directors shall elect fror
their number, at the first meeting, a pres
| ident and a treasurer, and they shall ais
| elect a first vice-president, second vice
president, a third vice-president- and a sec
| rotary, who need not be members of tn
board. The directors shall have authocit
! TO elect such other officers as they deem nee
essary convenient for the carrying G
the company's business; and they shall hav
the power TO unite two or more Offices an
to confer the same upon one person, or {
| dispense with any Office, at their discretion
The board of directors shall also have tn
power to make and establish as well as alte
and amend, all bylaws, rules and regulation
necessary and proper for the support an
management of the business and affairs G
this corporation, not inconsistent with II
charter. They shall have authority to issu
and deliver full paid shares of stock an
bonds, or other obligations of the compan
in payment for money, OF property or right