The herald., 1916-12-14

sources Of the State OF Louisiana and the
| various States, territories and countries
through which said corporations main or
connecting lines OF railway may run, and
l generally 10 have and exercise all such IN
cidental powers ard privileges aN relate to
the objects herelnbefore set forth.
Article lN.-Ihe capital stock ~ THIS cor
po~atIon j. hereby fixed at the sum- Of three
hundred thousand dollars tS5OO,0OOO), divided
INTO and represented by three thousand
shares Of the par value Of one hundred dol
The capital stock OF this corporation has
been subscribed for in full and certificates
Of full paid and non asscsSablc stock shall
he issued ID said subscribers IN consideration
Of the conveyance and transfer 10 this cor
pDration ot the railroad. equipment, iran
ghi>cs. properties and other rights more
fully described and appraised by the dITec'
tor, named an tins act OF lncoI1"rauon' III
the schedule heret9. annexed, made part here
~ and marked "A.
said property having been delivered con-
| rernrJ-anrously herewith and the said cap
ital stock having been fully subscribed and
gala for. the corporation shall az once De
come going concern.
| Article N.-Nl the corporate powers ~ TINS
corporation shall he vested lu ana exercised
~ q Board of Directors composed oi eleven
stockholders a. ne elected annually on the
| .l,rt Tuesday in January IN each year Al
"a general stockholders meeting. y majority
of said directors shall constitute quorum
Al such elections shall he by ballot and
shall hr held and conducted az the office OF
may pc established by the Board Of Dircc-
Notice Of such meeting aud OF all other
STOCK holders meetings shall ne given III thc
manner prescribed hy law and, when not 50
prescribed. then written notice ~ such meet
,rg> shall hr deposited, at least nitecn days
2~i0~ o. the date "t such meeting. III the
po-t1f1cc m the city OF New Orleans. post
age prepaid. addressed 90 each Ni'tka'.dcr
Al nj, last known residence or place OF bus
A. an such election, and At all corporate
meetings, ever, stakeholder shall be Cutl-
lied To one vote for each share Of stock
standing in hi, name ON the books "i the
corporation. TO be cast 10y HIM IN person oL
| bv IN, written proxy: and the majority OF
the vote, cast shall elect Any vacancy oc-
curing among the directors OF SAID corpa-
ration by death. resignation 81 otherwise
shall be ullcd by election Tor the uneNpiTcd
term by the remaining directors
| \ failure u elect directors on the date
specified shall not dissolve the corporation
accneut but the directors then IN office
shall remain i'm office until their successors
shall have been duly elected and shall have
qualified.
shall elect from its number a president and
one or more vice presidents. II more than
one yCe-pre~ldcnt lie elected, such addi-
fional yice-prcSilcntS need not ne members
of said board. It shall also elect treas
urer and a secretary or one person to act as
both secretary and treasurer, either OF whom
may 70 may no, he member OF the board.
The board of directors from time 20 time
NAV name and appoint all such officers and
agents a. 1t may deem necessary for the
purposes and business OF said corporation
The said board shall have the power TO fix
aud define the duties 81 every officer and
employee. ard all officers and employees
shall hold office and employment at the pleas
ure OF said board.
The board may make and establish as well
aS alter and amend. all bylaws rules and
regulations necessary and proper IN ITS judy
merit for the conduct and manageTen; Of the
business and affairs OF said corporation. The
board Of directors shall have full power and
authority to borrow money, To execute mort
cages and 70 create liens; To issue bonds,
| notes and other obligations, and to secure
| same by mortgage, pledge and otherwise
and generally to do any and all things rca-
| Sonable. convenient and necessary for the
| proper carving on OF the business and al
| fairs Of said corpoTaton; and to clothe an
executive committee with full corporate pow
/ ers during the interim between meetings OF
the board
The board of directors may issue ll-paid
| labor done and performed for said corpora.
| ton property actually received by said
corporation upon complying with the for
/ malites required by law.
The board OF directors shall have power
and authority to name and appoint transfer
agents in financial centers to mai trans
ferS Of the stock of said corporation under
such rules and regulations the said board
may establish and prescribe.
Stock transferred the books of such
transfer agents shall be deemed transferred
on the books of the corporation.
Article NI-Whenever this corporation
shall be dissolved, either by limitation or
{ from any other cause, itS affairs shall be
liqudated by three commissioners to be APP
pointed from among the stockholders at a
e general meeting Of the stockholders convened
. Tor such purpose; a majority in amount OF
the capital stock of said corporation repre-
4 scented at said meeting shall be requisite to
l. elect. Said commissioners shall remain IN
= | office until the affairs of said corporation
d shall have been fully liquidated. In case
II of the death OF more of the liqui-
II datOrs the vacancy or vacancies shall be
d filled by election by the surviving commits
5 sioners, or liquidators Said commissioners
= ! shall have all powers conferred upon them
J. by law or by the stockholders at such meet.
j. ing if not inconsistent with law.
y Article NIII.-This act of Incorporation may
e be changed, modified or amended or the cap.
l. ital stock OF the corporation may be increased
? Tor decreased, or said corporation may be dis
a solved in the manner now or hereafter pro
ID vided by law.
y Article VIII.-No stakeholder shall evei
he liable for the contracts faults of SAID
N corporation in any further sum than the un
l. paid balance due the corporation the
te shares of stock owned by him, nor shall any
to mere informality in organization have the
c. effect OF rendering this charter null or o.
Of exposing stakeholder to any liability be
tie yond the unpaid amount, II any, remaining
to Article IX.-The following shall constitut,
e, the first board of directors of this corpora
I. ton: {. z. Allgeyer, New Orleans, La; Lee
al BenOist, New Orleans, La; Thomas Green,
n Bush, New Orleans, La; H. Generes Dufour
Ks New Orleans, La; c. z. Ellis, New Orleans
TO La; III. ID. Emerson, New Orleans, La
5, Frank b. llayne, New Orleans, La; Bernard
r. McCloskey, New Orleans, La; Hugh Nc
Ne Closkey, New Orleans. La; Hugh +. Vincent
d, New Orleans, La; Walter Weiss, New Or
I'd leans, La, and II. d. Emerson shall be pres
ne ident, Thomas Greene Bush, ce-president
be Lee BenOist, vice president George Janvier
secretary and Bernard McCloskey treasurer
a The said board of directors shall hold of
IS, nee until the third Tuesday in January, 1918
Id or until their successors shall have beer
he duly elected and shall have qualified
b. The subscribers TO the capital stock o
IN said corporation and their respective ad
C dresses are:
{. +. Ageyer, New Orleans La, one q
or share; Lee Renoist, New Orleans, La On,
s. CD share; Thomas Greene Bush. New Or
to leans, La, one Q share; H. Generes Du
TO four, New Orleans, La, one ID share; c. p
or ElliS, New Orleans La, one "a share; II
ld d. Emerson. New Orleans, La. one "a share
r. Frank II. Ilayne, New Orleans. La, one q
Is, share; Bernard McCloskey, New Orleans
NJ La one % share; Hugh McCloskey, New
ne Orleans, La, one % share; Hugh f. Vim
at cent: New Orleans, La, one "a share; Wal
n ter Weiss, New Orleans, La. one % share
On Lee BenoiSt, trustee, New Orleans, two thou
ar sand nine hundred and eighty nine (2oS9
eT- shares.
"a; Thus done and passed at my Office in III
n city OF New Orleans on the day month an,
S. Il