The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-12

State Il Louisiana, 5r elsewhere; 20 develop
and improve, a. We. as - transfer, convey,
AyP5taeca;e, mortgage o. pledge the same,
either n bulk or by p.0; Or other subdIyi.
sion, 20 plat, lay ou:, or subiivlde any and
all lands acquired BY SAID corporation; 80
build, erect, construc: and 70 contract Tor
the building and construction OF buildings
and other improvements thereon OF what's
the same; - cut bitches, drains, and canals
and build t-amways and railroads Tor the
Improvements and exploitation OF such lands.
21d. To raise, deal IN and buy and SCI!
al manner and kinds OF fruits and vege:a.
alcs - engage IN the general truck farming
business; - cultivate and sell, o. manItac-
;ure and sell the produce and accret.ons Of
such land; TO act as the agent o; other coz
u lands, collecting o: rents, and,In this ca
paCity 70 charge and collect COMM ss!ons and
compensation as payment FOR such services
rendered corporations, individuals or nrus;
% issue bonds; borrow and lend money
cured by mortgage or otherwise; 70 operate
store or stores; 70 own, operate and nam
.aIn power plants, lce-plan;s, saw--nIlls, lac
torres. docks, wlaTyes and terminals; 20 lay
pipe lines. t-amways and railroads; 20 build
boats. barSeS other cOnveyanceS; 20 build,
operate and construct docks, whaTves and
terminals and 70 lease or suitcase all or any
par, thereof 70 any other persons o.. corpora
lions for the like purpose; and in order to
fully carry out said objects and purposes,
% purchase, lease OF otherwise acquire pipe
lines, tramways, railroads, docks, wharves,
terminals boats, bargeS, tank cars, lOC0Ts-
tives and cars, pumping stations, steam
plants, air plants, and al other machinery,
apparatus and paraphe1naiia necessary or IN
cldental thereto.
3rd. To build, construct, lease, purchase
otherwise acquire buildings, machinery or
other apparatus tina: Is or nil ht be necessary
for working up the products OF said land
either IN the Taw or natuTa! state or changed
BY manufacture, either produced by this coz
pOratio1 or other persons or corporations, and
to market the products 70 the best advantage.
Ith. To carry on such other business or
businesses appe-taining to the purposes here.
lnaoOve set ioT;h, or Such as are generd4Iy
engaged in by corporations OF this kind.
Article IN.-The capital stock OF this coz
p0-stlon : hereoy liked a. the sum o. one
lars, divided into one thousand fve hundred
Q5Ul shares OF the par value OF one hundred
$1,000 dollars each, provided that the
amount % which the capital stock OF tins
hundred and fifty US250,10.00) dollars.
Eight hundred and sxty-four lSb+) shares,
Or eIghty-sIx thousand four hundred $50
10000 dollars OF the capital stock OF ms
filing Of the articles OF Incorporation. The |
subscribed capital stock OF this corporation !
shall be payable IN cash. property zeal or
PERSONAL. or for labor and services rendered
and performed.
No stockhoider shall ever be held liable or
responsible for the faults, contracts or debts |
OF this corporation IN any further sum than |
the unpaid balance due the corporation on |
shall any mere iriormali;y IN organiza:ion+
have the effect n rendering this charter |
null. OF exposing any shareholder % any |
liability whatsoever.
This corporation shall not engage in bust.
ness until eigh'y-six thousand four hundred |
1886, 10000 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. II any o; the stock OF this
corporation Is exchanged either in whole o.
in part for property or good will, in that |
event the provisions OF Sec. Of Act 2o7 o:
1914, shall be complied with strictly.
Article N.-All the corporate powers a this
shall be vested in and exercised
by board Of directors composed OF three
stockholders. each Of whom shall own in rs
five - full paid shares Of stock, major
lty 81 whom shall constitute a quorum Tor |
he transaction Of business.
The officers Of tins corporation shall con-
SYST Of a president vice president. and ser-e-
tary-treasurer all 81 whom shall be mem
bers OF the board o.; directors.
The following named persons shall c7as;i-
tute the hrsc board Of directors. to-wit:
New Orleans, La; Earl Bruce Rowan. ".
90 Gravier street. New Orleans. La: O,:a |
+. B-ieie, No. 40 GiCoi street. New Orleans,
La. all zee dents Of the Cry Of New o-.e1as,
president, Otto F. Bride. v.ce.p-es,ica; and |
ka-l B-uce Rowan, sec-etary-t-ea.a-e-, and
these directors and officers shall hold Office +
until the ms: Monday II July. l9ls o- u.,. /
heir successors are duly elected and qaaa- !.
fed.
Thereafter the directors shall 5e c.ce.ci .
annually on the hrs: Monday n July. o.:
each, year beginning with 1919; all e.er-.'a'
o.; directors shall BE by ballot. and each
SHAREHOLDER shall be entitled 20 one wee joy
each share u stock standing N his name
on the books Of the corporation, th:s vote %
be cast IN person or ~ written proxy. and
i shall require :wo-:h.-ds Of the stock pres
en- ~ represented - elect:
Failure 20 hold an election f1r directors
on he first Monday Of July, l9i3 ~ annually
thereafter, shall no: wo-k forfeiture q this
charter, but the old board o; directors sha..
remain in Office ua;.l ;sei- successor, are
duly elected and qualified
Article NI-The board OF directors sha..
hold regular meetings a; such times as saa..
BE fixed in The bylaws Of this corporation.
These meetings shall be held at The domicile
Of the corporation. bu: the presiden, may call
special meetings 81 the board OF directors a;
such times as ne may deem advisable, and
81 Ill ~ all AL 4