The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-28

iii NJ dissolve the corporation
,or impair its corporate existence OF ~"
agement. but the directors men .t ~
.IaU have been duly elected and shall nave
qualified. ,.-- -. -. 6rs- meeting
shall elect from its number d ,,n-s than
,, Nonresident be elected, such auu''
.,5,al Independents need not oe n'e..,e ,s
= lid hoard Il shall also elect treas
,-e- and a secretary or one person 10 dNt ~
Eoth secretary and treasurer, either OF Mnp"'
.,,,,, r, may not be a member OF the oodlH
The hoard Of directors from time TO 'ug
NAV name and appoint all Such on''EIS ~
cents as il may deem necessary loT 'ne
e,-,,,.as ard business Of SAID corporation
The aid board shall have the power 70 ny
and define the duties OF every oIlS ei aaI |
employee. and all otlGers ana e ,ha nieas,
shall hold office and employment d. '''' P'N'
The hoard NAV make and establish as well
A. alter and amend, all bylaws, rules. ana
regulations necessary ana PtoPeL 81 - q t5e
rnert for the conduct and management OF T r;.e
L,,s;ress and affairs OF said corporation Inc
board Of directors shall have full power anu
authority to borrow money, TO execute mo-.
cages and to create liens; 10 issue oOhus'
les and other obligations, and to secure
same by mortgage. pledge and otherWlse'
and generally 70 do any and all thinss 70
sonable convenient and necessary Iol ~
nrnne- carving on OF the business ana al
f,iTs of said corporation; and TO clo'he an
axec,,,ive committee with full corporate pow:
ers during the interim between meetings %
the board. ;..,,s f,,II.oaid
L.-es III stock for cash or in payment lot
labor done and performed tor sald corpora
ton or property actually receVSu -!
! corporation upon complying WIN
Tbe hoard OF directors shall have power
and authority to name and appoint transIeI
agents in financial centers TO MAKE .a 5s-
| fers Of the stock Of said corporation under
| such rules and regulations as the said Ooaru
NAV establish and prescribe. ~
| SCOT transferred on the books OF sucn
| transfer agents shall be deemed uahsieI'eu
| on the books of the corporation.
Article VI.-Whenever this corp?rauon
shall be dissolved. either by Limitation or
from any other cause, its afairs shal DC
| Inundated by three commissioners 10 DC APP
| oo;rted from among the stockholders at
| general meeting of the stockholders convened
/ for such purpose; majority IN amount Oh
| the capital stock OF said corporation repre-
| sented at said meeting shall be requisite 70
| elect Said commissioners shall remain IN
1 office until the affairs OF said corporation
| Shall have been fully lqudated. In case
of the death OF one or more OF tne nqIl,
dators the vacancy or vacancies shall De
| filled by election by the surviving cornmls-
sioners, or liquidators. Said commissioners
shall have all powers conferred upon them
by law or by the stockholders at such meet
ing il not inconsistent with law.
Article NIII-This act of Incorporation may
be changed, modified or amended or the cap,
ital stock Of the corporation may be increased
or decreased or said corporation may be dls-
solved in the manner now or hereafter pro-
vided by law.
Article VIII-No stakeholder shall ever
be liable for the contracts or faults OF SAID
corporation in any further sum than the I'M
paid balance due the corporation on the
: shares of stock owned by him, nor shall any
, mere nformality in organization have the
effect of rendering this charter null or OF
| Stockhnlder liability De-
E yond the unpaid amount, If any, remaining
e due on his stock.
0 Article IX-The following shall constitute
, the first board Of directors of this corpora,
/. ton: C. f. Allgeycr, New Orleans, La; Lee
j Benoist, New Orleans. La; Thomas Greene
: Bush, New Orleans, La; II: Generes Dufour
5 New Orleans, La; c. P Ellis New orleans
J, Frank B. Hayne, New Orleans, La; Bernard I
: McCloskey, New Orleans, La; Hugh Nc
e Closkey, New Orleans, La; Hugh E. Vincent
e ident, Thomas Greene Bush, vice president
e Lee Benoist, vice-president, George Janvier
secretary and Bernard McClOskeey;, treasurer
/ The said board Of directors shall hold OF
5, fee until the third Tuesday in January, l9lS
d or until their successors shall have beer
e duly elected and shall have qualified
J. The subscribers to the capital STOCK
c. f. Ailgeyer, New Orleans, La one Il
Or share; Lee Benoist, New Orleans, La, On
s. D share; Thomas Greene Bush, New Or
to leans, La, one az share; H. Generes Dn
to four, New Orleans, La, one % share; c. I
'T Ellis, New Orleans, La. one ID share; Il
ID D. Emerson; New Orleans. La, one Cd share 2,
S, share Bernard McCloskey, New Orlean:
n La, one ~ share; Hugh McCloskey, Ne'
he Orleans, La, one ID share; Hugh E. Wiz
at cent, New Orleans, La, one ID share; Wa
n ter Weiss, New Orleans, La, one O share
On Lee Benoist trustee, New Orleans, two thot
r. sand, nine hundred and eighty.nine (29SI
r. shares.
a; Thus done and passed at my Office in ii
n, city of New Orleans on the day. month an
rel year herein first above written IN the pre-
nd ence of Eugene Thorpe and A. Miles Co
-e; competent witnesses, residing in this pa
ir. together with the said appearers and m
mt notary. after due reading Of tie whole.
Original Signed; J dss b Bsnoist slr
Is geyer, share; Frank B. Hayne. shar
e.. c. P. Ellis, ! share; Hugh E. VINCENT,
81: nard Mccloskey,, j share; Hugh McCloske
OF share; Walter Weiss. / share.
l;s " Al. e; HAMMER, Not. ei Pub.
:es in and for the parish of Orleans, State
VS. Louisiana, do hereby certify that the abo
'u- and foregoing act of incorporation of {
or New Orleans & Lower Coast Railroad
OF book 1901, folio 523.
ne New Orleans, December !, 1916.
n. (Signed) EMILE J. LEONARD, by. R
ra- ga"
nd The following described property was CO
nd veyed and transferred to New Orleans a
ich Lower Coast Railroad Company by the su
Fn, scribers to its capital stock in consider
nd ton of the issuance to them, respectively
he said stock, to-wit:
ire /. That certain line of railroad of N,
Ill Orleans, Fort Jackson & Grand Isle Ra
IS; road Company, beginning in the Fifth d
er- trict of the City Of New Orleans (Algier
es- Louisiana, at a point near the Mississir
DR. river and extending in a general southei
Ia direction through the parishes of Orlear
re, Jefferson and Plaquemines to Buras, Lou
re- lana, together with its rights of way a
to superstructures; all land, real estate, IA
as and tracks, side tracks, bridges, viaduc
nd buildings, depots, station houses, engi
ad houses, sheds, warehouses, turntables, wat
lc- stations, fences, structures, erections, 6
is lures, appurtenances, adjuncts, etc.
nd q The franchises for the operation Of I
er said line of railroad from the city of N,
Sc Orleans, the Parishes of Orleans, letters
te and Plaquemines and all other franchis,
c. The railing stock e0uioment. LOGON