The herald., 1917-07-26

State Of Louisiana, or elsewhere; 10 develop
and improve, well as to transfer, convey,
hypotheCate, mortgage or pledge the same,
either In bulk or by plot or other subdlvl.
sion; to plat, lay out, or subdIvIde any and
all lands acquired by said cOrporausn; to
build. erect, construct and to contract for
the building and construction OF buildings
and other Improvements thereon OF whatso-
ever nature, and 70 operate, lease or sell
The same; to cut bitches, drains, and canals
and build tramwayS and railroads for the
Improvements and exploitation OF such lands.
2nd. To raise, deal in and buy and sell
all manner and kinds of fruits and vegeta-
bies 10 engage in the general truck farming
business; u cultivate and sell, or manufac-
ture and sell the produce and accreuons Of
such land; to act as the agent OF other cor
pordtIous, individuals or firms Tor the sale
U' lands, collecting OF rents, and IN this ca
pacity 10 charge and collect commissions and
compensation as payment Tor Such services
rendered corporations, individuals or firms;
to issue bonds; borrow and lend money Sc
cured by mortgage or otherwise; to operate
store stores; 10 own, operate and main
tain power plants, Elephants, saw-mlIls, fac
tories, docks, wharves and terminals; 10 lay
pipe lines, tramways and railroads; TO build
boats, bdrseS OF other COnveyances; to build,
operate and construct docks, wharves and
terminals, and to lease or suitcase all or any
part thereof to any other persons corpora
tions for the like purpose; and in order 10
fully carry out said objects and purposes,
70 purchase, lease or otherwise acquire pipe
lines, tramways, railroads, docks, wharves,
terminals, boats, barges, tank cars, locoms-
tIves 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
or 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.
FnrE
to market the products to the best advantage.
4th. To carry on such other business or
businesses appertaning TO the purposes here
nabove set FORTH or such as are generally
engaged in by corporations OF this kind
Article IN-The capital stock of this cor
poration is hereby hxed at the sum OF one
hundred and nifty thousand (Sl5QUoU) dol,
lars, divided into one thousand five hundred
$500 shares of the par value of one hundred
$1,000 dollars each, provided that the
amount to which the capital stock Of this
corporation may be increased shall be two
hundred and fifty (S250000O dollars.
Eight hundred and Sixty-fOur 800 shares,
or eighty-Six thousand four hundred $780,
10000 dollars OF the capital stock of this
corporation must be subscribed before the
hling OF the articles OF Incorporation. The
subscribed capital stock OF this corporation
shall be payable in cash. property treal 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 infDrmality IN organization
have the effect Of rendering this charter
null, of exposing any shareholder TO any
liability whatsoever.
This corporation shall not engage in busi.
ness until eighty-sIx thousand four hundred
sixty-four 800 shares OF the capital stock
shall have been issued and actually paid in,
either in cash, property or services rendered
aforesaid II any OF the stock Of this
corporation Is exchanged either in whole or
in part for property or good will, in that
event the provisions of Sec. } Of Act 267 OF
1914. shall be complied with strictly.
Article VA! the corporate powers of this
corporation shall be vested in and exercised
by a board Of directors composed Of three
stockholders each OF whom shall own in his
own right. during his term of office at least
1--WE 80 full paid shares Of stock, major
lty OF whom shall constitute quorum Tor
The transaction Of business
The officers Of this corporation shall con
Sist Of a president, vice president, and secre-
tary-treasurcr. all 81 whom shall be mem
bers Of the board Of directors.
The following named persons shall constI-
tute the first board Of directors, to-wit:
Ephriam Rosenberg. No. 90 Gravicr street
New Orleans, La; Earl Bruce Rowan, No
F. Brieie, No. 4l6 Girod street. New Orleans,
La. all residents Of the City Of New Orlenas,
State OF Louisiana, with Ephriam Rosenberg.
pre-, dent, O"o F. Bride, vice-prcsident and
these directors and officers shall hold Office
until the first Monday Of July, 1918 or until
their successor, are duly elected and quail
Thereafter the directors shall be elected
annually on the FIRST Monday in July OF
each yca-, beginning with 1913: all elections
e directors shall be by ballot, and each
shareholder shall be entitled TO one vote Tor
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