The herald., 1917-08-02

State Of Louisiana, or elsewhere: to develor
and improve, as well to transfer, convey
| hypothecate, mortgage or pledge the same
| either in bulk or by plot or other subdivI.
sion; TO plat, lay out, or subdivide any and
all lands acquired by said corporation; 70
build, erect, construct and to contract for
the building and construction of buildings
and other improvements thereon of whatso-
the same; to cut bitches, drains, and canals
and build tramways and railroads for the
improvements and exploitation OF such lands.
2ud. To raise, deal in and buy and sell
all manner and kinds of fruits and vege,a-
hleS; 70 engage in the general truck farming
business; to cultivate and sell, or manufac-
ture and sell the produce and accretious of
such land; 70 act as the agent of other cor
Il lands, collecting OF rents, and IN this ca
paclty TO charge and collect commissions and
compensation as payment for such services
rendered corporations, individuals or firms
10 issue bonds; borrow and lend money Sc
cured by mortgage otherwise; 10 operate
store or stores; TO own, operate and main
tam power plants, elephants, saw-mIlls, fac
tories. docks, wharves and terminals; TO lay
pipe lines, tramwdys and railroads; TO build
boats, barSes or other cOnveyances; 70 build,
operate and construct docks, wharves and
terminals, and to lease or suitcase all or any
part thereof to any other persons or corpora
tons for the like purpose; and in order to
fully carry out said objects and purposes,
t. purchase, lease or otherwise acquire pipe
lines, tramways, railroads, docks, wharves,
terminals. boats, barges, tank cars, locOmo-
tlveS and cars, pumping stations, steam
plants, air plants, and all other machinery,
apparatus and paraphernalia necessary or in
cIdental thereto.
3rd. To build, construct, lease, purchase
otherwise acquire buildings, machinery or
other apparatus that is or might be necessary
for working up the products OF said land
either IN the raw or natural state or changed
by manufacture, either produced by this cor
EF.yae sanvN
to market the products to the best advantage.
4th. To carry such other business or
businesses aPpertanlng TO the purposes here
inabove set forth, or such as are generally
engaged in by corporations of this kind
Article IV.-The capital stock of this cor
poration i hereby fixed at the sum OF
hundred and fifty thousand (Sl50Oc00O dol
lars. divided into one thousand five hundred
$4,000 dollars each, provided that the
amount to which the capital stock Of this
corporation may be increased shall be two
hundred and fifty (S250,OUOOO) dollars.
Eight hund. ed and sixty-fou (S64D shares,
~ eighty.six thousand four. hundred $50
10000 dollars of the capital stock of this
corporation must be subscribed before the
filing OF the articles of Incorporation. The
subscribed capital stock OF this corporation
shall be payable i'll cash, property (real or
PERSONAL, or for labor and services rendered
and performed
No stakeholder shall ever be held liable or
Of this corporation in any further sum than
the unpaid balance due the corporation on
the shares of stock subscribed by him, nor
shall any mere informality in organization
have the effect Of rendering this charter
null, or of exposing any shareholder 10 any
liability whatsoever.
This corporation shall not engage in bust !
ness until eigh;y-six thousand four hundred
l$S6,4oo0O dollars, or eight hundred and
sixty-four 500 shares of the capital stock |
shall have been issued and actually paid in, !
either IN cash, property or services rendered |
as aforesaid. If any of the stock of this |
corporation is exchanged either in whole or
IN part tor property or good will, in that |
event the provisions Of Sec ; Of Act 267 OF |
1914, shall be complied with strictly.
Article V.-All the corporate powers of this |
corporation shall be vested in and exercised |
by a board Of directors composed of three |
each Of whom shall own in hrs
Dwn right, during his term OF office at least
i've - full paid shares Of stock, a major
ty OF whom shall constitute a quorum Tor
the transaction Of business.
The officers OF this corporation shall con-
'ist Of president, vice-president, and secre-
'ary-treaSurcr. all OF whom shall be mem
Jers OF the board OF directors.
The following named persons shall consti |
,u,e the first board Of directors, to-wit.
kphriam Rosenberg, No. 90 GravicT street |
New Orleans, La; Earl Bruce Rowan, No |
10 Graver street, New Orleans, La; Otto |
F. Briede. No. 40 Girod street, New Orleans |
State Of Louisiana, with Ephriam Rosenberg |
president, OTTO f. Bride, vice-presidcnt and |
Earl Bruce Rowan. secretary-treaSurcr, and |
these directors and officers shall hold office /
until the first Monday Of July, 1918, or until |
,heir successors are duly elected and quail
fed
Thereafter the directors shall be elected /
on the first Monday in July o.: |
each year, beginning with 1913; all elections
u directors shall be by ballot. and each |
shareholder shall be entitled 20 one vote for
each share Of stock standing in his name
N the books OF the corporation, this vote to
be cast in person OF by written proxy, and |
It shall Require two-thirds OF the stock pres
ent or represented 70 elect
Failure 20 hold an election for directors 1
On the first Monday Of July. 1913, or annually |
thereafter. shall not work forfeiture Of this
charter, but the old board Of directors shall
remain in Office until their successors are
duly elected and qualified
Article NI.-The board OF directors shall
hold regular meetings al such times as shall |
be fixed in the bylaws of this corporation.
These meetings shall be held at the domicile
IF the corporation, but the president may call |
special meetings of the board of directors at
'uch times he may deem advisable, and