The herald., 1916-02-03
T III E III E II A Id

underwTite or guarantee the stock, securI-
ties or undertaking OF any corporation or
, persons.
To construct, improve, maintain, work
manage, carry out, control any roads,
ways, tramways, railways, branches, or sid.
IngS, bridges, water rights, reservoirs, water
courses, irrigation lines, wharves, manufac-
tories, warehouses, electric works shops,
stores, and other works and convenltuces
which may seem calculated directly or ndi-
reCtly 10 advance the oOmpanys interests,
and 10 contribute to, SubsdIzr, or oihcrSI e
assist or take part IN the construction, I'M
provemeut, maintenance, working, manage
mcnt, carrying out, or control thereof.
To acquire. construct. manage, operate and
control railroads, railways, canals and other
trans porrati0u agencies. III any Of the states
and territories oil the United States. outside
oi the State Of Louisiana, and IN other cDuU-
trlrs; subject, however, TO such limitations
and restrictions Is are or may be provided
by local Laws with respect thereto.
To manufacture. purchase. w otherwise a,-
gulrc, 90 hold. own, mortgage, pledge, sell,
ASS III and transfer. or otherwise dispose 81.
10 invest. trade, deal IN and deal with goods
"aTys and merchandise, and real and per
-.rN property of every class and dcsyrip-
ton, and IN particular lands, buildings. bus
mess concerns and undertakings. mortgages
share, stocks, dchcuturcs. securities. ,1ugrs-
SlJ-s produce, policies. book debts and claims,
and any interest IN real or personal property
and any claims against such property. or
/ against any person or corporation, and to
carry on any business, concern or udertak-
ing SO acquired.
To acquire the good will, rights and prop
! rrty. and z. undertake the whole or am, r4-r
| Of the assets and Liabilities OF any person.
firm, association or corporation, and To- pay
! Tor the same in cash. stock or bonds Of TN,
| corporation or otherwise.
10 acquire, hold, use, sell. assign, lease
grant licenses IN respect OF, mortgage. or
| otherwise dispose Of letter, patent of the
! OrIted States OF any foreign country pat
| eutS, patent rights, licenses and privileges,
| inventions, Improvements and processes.
| trademarks and tradc-names, relating to our
useful IN connection with any business OF
! this corporation.
! To enter into, make, perform and carry out
! contracts OF every kind Tor any lawful pun
| pose, without limit to amount. with any
/ person, firm, association or corporation.
| To draw, make, accept, endorse, discount,
! execute and issue promlsSory notes bills 0f
! exchange, warrants and other negotiable or
| transferable instruments.
To issue bonds, dchcutures or obligations
! OF this corporation from time to time, for any
| OF the objects or purposes OF the corpora
| uon. and to secure the same by mortgage,
| pledge, deed Of trust. or otherwise.
: To purchase. hold and reissue the shares
| Of It's capital stock.
To have one or more offices. to carry on all
or any OF its operations and business without
restriction or limit 10 amount, TO pur-
! chase, or otherwise acquire, to hold, own. to
mortgage, sell, convey, or otherwise dispose
/ of real and personal propertysof every class
and description in any OF the States, Dis
trlCtS, Territories or Colonies Of the United
States, and in any and all foreign countries
subject to the laws OF such state, district
territory! colony or country
The foregoing clauses shall be construed
both as objects and powers and II Is hereby
expressly provided that the foregoing emu.
meration OF specific powers shall not be held
to limit or restrict in any manner the powers
of this corporation
In general, to carry on any other business
III connection with the foregoing, whether
manufacturing or otherwise, and to have and
to exercise all the powers conferred by the
laws Of Louisiana. upon corporations formed
under the act hereinabove refererd 20.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum Of five
hundred thousand dollars (S5OOOO0OO) which
capital may be increased from time to time
to sum not exceeding million dollars
tSl,GO,OGOD, divided into five thousand
shares, Of the par value of one hundred dol
lars $4,000 each, which shall be paid for in
cash, or IN instruments the call OF the
board Of directors, or may be issued at not
less than par for services rendered TO or prop.
erty, leases, concessions, or other property
rights actually purchased by the corporation.
All shares OF stock shall be full paid and nom
assesSable, and all certificates OF stock shall
be signed by the president and secretary of
this corporation. No transfer Of stock shall
be binding upon this corporation unless made
upon its books. and no stakeholder shall sell
or dispose Of his stock without first offering
It TO the corporation, who shall have the right
to buy same within ten days from said offer
at current or market value.
Article Val the corporate powers of this
corporation shall be vested in and the man
agement and control of its business and af-
fairs shall be exercised by a board of direc-
tors composed of six stockholders, a majority
OF whom shall constitute quorum for the
transaction of all business The directors
shall be elected annually on the second Mon
day of each year by ballot of the stockhold-
ers. Each stakeholder shall be entitled in
person, or by written proxy, to one vote for
every share OF stock owned by him. All cleo
tions shall be held under such rules and regu-
lations as may be determined by the board
of directors and after at least thirty days no
tice shall have been given to each stock
IN the post office, properly addressed TO each
stakeholder The directors thus elected shall
continue in office for year or until their
successors shall have been elected and quail.
fed. No failure to cleo: shall be regarded as
a forfeiture Of this charter. Any vacancy &C.
curing said board of directors shall be
filled by the remaining directors for the I'M
expired term Said board of directors shall,
at its first meeting, elect from its members
a president, vice-preSident, a secretary and
a treasurer. 1t may combine the offices of
secretary and treasurer into one. Said board
of directors shall have the right and power
s. |
and other employees of the corporation as con-
ditions may justify or the business of the
corporation may require. The tenure of of
fee of all the employees of the corporation
shall be at the pleasure OF the board OF di-
rectors.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts /
faults or debts of this corporation, nor shall /
any mere informality in its organization have !
the effect of rendering this charter null or of I
exposing a stakeholder to any liability be- /
yond the unpaid balance due on the shares of /
stock owned by him.
Article NII.-This act Of incorporation may /
be changed. modified or altered, or this cor /
poration may be dissolved, under such terms |
and conditions may be provided in said /
Article 267 of 1914.
In case OF the dissolution of this corpora
ton, It's business and affairs shall be liqui- |
dated by three commissioners to be elected |
by the stockholders at the meeting which de-
cides TO liquidate.
Article VIII.-Until the election TO be held |
on the second Monday of January, 1917, the
following named stockholders shall consti- |
tute the first board of directors, namely:
II. Thorn. Gotham, 700 Tchoupitouas street;
Louis Scherck, 700 Tchoupitoulas street, Wal
ter B. Sirera. 700 Tchoupitoulas street;
Charles A. Burthe, 700 Tchoupitoulas street;
p. A. O'Brien, 200 Tchoupitoulas street, and
Victor Burthe, 700 Tchoupitouas street. OF
which H. Thorn Gotham shall be president;
Louis Scherck shall be vice-president; Walter
y. Sirera shall be secretary, and Charles -.
Rurthe shall be treasurer.