The herald., 1916-01-27

road
ways, tramways, railways, branches, or SiC
Ings, bridges, water rights, reservoirs watci
courses, irrigation lines, wharveS, manufaC
tories warehouses, electric works. shop,
stores, and other works and convenience
| which may seem calculated directly OF ind,
rectly TO advance the company's interest.
and TO contribute to, SubsIdIze. or othcrwis
| assist or take part IN the construction i'm
proVement, maintenance, working, manage
ment, carrying out, or control thereof.
To acquire, construct manage, operate an
control railroads, railways. canals and othe
/ transportation agencies. IN any Of the state
/ and territories Of the United States out~!d
! OF the State OF Louisiana. and in other Couu
| trlcs; subject, however, TO such limitation
/ and restrictions as are or may be provide,
/ 10y local laws with respect thereto.
! To manufacture. purchase. cor otherwise ac
! qulre. TO hold, own. mortgage. pledge. sell
| assign and tTdU>irr. Or otherwise tlSuDsc of
to invest trade, def in and deal with goods
! wares and merchandise, and real and per
/ >ouaI property of every class and dcSGrlp
/ non; and IN particular lands, buildings, bus
! mess concerns and undertakings. mortgages
shares, stocks, dcbcuturcs. securities. Conccs
! NIprs produce, policies book debts and claims
and any interest IN real or personal property
| and any claims against such property. OF
| against any person or corporation, and t,
carry on any business, concern or udertak
lng SO acquired.
To acquire the good Will, rights and prop
crty, and to undertake the whole Or any part
Of the assets and liabilities Of any person
urn, association or corporation. and to paw
tor the same I'm cash, stock or bonds Of this
corporation or otherwise
To acquire, hold, use, sell. assign. lease
grant licenses IN respect Of, mortgage, or
otherwise dispose Of letters patent VI the
United States or any foreign country. pat
ents. patent rights, licenses and privileges,
Inventions. Improvements and processes,
trademarks and trade-uames. relating ~ our
useful IN connection with any business OF
tins corporation.
To enter into, make. perform and carry out
contracts OF every kiuc, for any lawful pur-
person, hr'n, association or corporation.
To draw, make, accept. endorse, discount.
execute and issue Promissory notes bills Of
exchange, warrants and other negotiable or
transferable instruments.
To issue bonds. debentu-es or obligations
OF this corporation from time 10 time, for any
Of the objects or purposes Of the co-r,or,.
lon, and to secure the same by mortgage
pledge, deed Of trust otherwise.
To purchase hold and reissue the shares
OF its capital stock.
To have one or more Offices. 10 carry on all
or any OF it, operations and business without
restriction or limit as TO amount, to Dur.
chase, or otherwise acquire, to hold. own to
sell, convey. or otherwise diSpose
OF real and personal property of every class
and description in any of the States Dis
tricts, Territories or Colonies Of the United
States. and IN any and all foreign countries.
subject 10 the laws Of such state dis,rirt
territory, colony or country.
The foregoing clauses shall he construed
both as objects and powers and it 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
IN connection with the foregoing whether
manufacturing or otherwise, and to have and
70 exercise all the powers conferred by the
laws OF Louisiana upon corporations formed
under the act herenabove refererd to.
Article IN.-The capital stock of this COR
Doration IS hereby fixed at the sum of five
hundred thousand dollars (SSOOOOOOO which
,apital may be increased from time to time
% sum not exceeding one million dollars
lOO0OUOOO, divided into FIVE thousand
shares, OF the par value OF one hundred dol |
arS tSl00OOD each, which shall be paid for in |
ash, or IN lnstalments the call of the |
board OF directors, or may be issued at not |
esS than par Tor services rendered to or prop
'rty, leases, concessions, or other property |
lights actually purchased BY the corporation !
All shares OF stock shall he full paid and non /
lSseSSable, and all certificates of stock shall /
,e signed by the president and secretary of !
ms corporation. No transfer of stock shall /
'e binding upon this corporation unless made /
lpOH us DOCKS, ana no StOCkhOldeT shall sell /
n dispose OF his stock without FIRST offering |
to the corporation, who shall have the right I
0 buy same within ten days from said offer
t current market value
Article N.-All the corporate powers of this !
shall be vested in and the man.
cement and control of its business and af-
airs shall be exercised by a board of direc.
0rs composed Of six stockholders, a majority
whom shall constitute a quorum for the
transaction Of all business The directors !
he ed H..
ay OF each year by ballot of the stockhold.
RS. Each stakeholder shall be entitled in
erson, or by written proxy, TO one vote for
very share of stock owned by him. All cleo
ons shall be held under such rules and regl-
itlons as may be determined by the board
! directors and after at least thirty days no.
cc shall have been given to each stock
older. by depositing a notice of such meeting
] the post office, properly addressed to each
ockholder. The directors thus elected shall
)ntnue in Office for one year or until their
lccessors shall have been elected and quail
ed. No failure TO elect shall be regarded as
forfeiture OF this charter. Any vacancy oc-
irring on said board of directors shall be
lied by the remaining directors for the un.
lplred term. Said board of directors shall
ITS hrst meeting, elect from its members
president, vice-president, secretary and
treasurer. 1t may combine the offices of
,cretary and treasurer into one. Said board
directors shall have the right and power
appoint and dismiss such managers clerks,
I'd other employees of the corporation as con.
tions may Justify the business of the
may require. The tenure of Of
&c OF all the employees of the corporation
lall be at the pleasure of the board of di-
ctors.
Article Vino stakeholder shall ever be {
I'D liable or responsible for the contracts,
uts or debts of this corporation, nor shall
~ mere informaity in its organization have ,
e effect of rendering this charter null or of !
lposlng stakeholder to any liability be- I
md the unpaid balance due on the shares of
ock owned by him. :
Article VII-This act Of Incorporation NAV :
changed, modified altered, or this cor I :
ration may be dissolved, under such terms | >
I'd conditions as may be provided in said I
rticle 267 of 1914.
In case of the dissolution of this corpora :
IN, its business and affairs shall be liqui. !,
ted by three commissioners to be elected :
the stockholders at the meeting which de- .
1es to liquidate :
Article NlII.-Until the election to be held I,
the second Monday of January 1917, the :
flowing named stockholders shall consti- y
te the first board of directors namely: p
Thorn. Gotham, 200 Tchoupitoulas street; e
uis Scherck, 700 Tchoupitoulas street; Wal \
b. Srera, 700 Tchoupitoulas street; =
a. O'Brien, 700 Tchoupitoulas street, and
ctor Burthe, 700 Tchoupitoulas street, OF
itch H. Thorn Gotham shall be president; v
uis Scherck shall be vice president; Walter u
Sirera shall be secretary, and Charles 4. I
rthe shall be treasurer L
Thus done and passed. at my Office, in the o
Y If New Orleans, Louisiana, on the day, p
nth and year herein first above written, in
, presence of Messieurs August II. Ritter n
d Benjamin Morasca, competent witnesses, s.
10 have hereunto signed their names with p
said appearers and me, notary, after read n