The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-29
Forfeited Loans VIII Be Sold at Public Auction
All Proceeds Above Principal and Interest Will
BE Returned to Borrower.

zinc -.mr Z, alter and amend d, pleasure.
Article U.-AI citations and other lrat'
process, shall be served ou I'll, n-.-.ien. 90.
SAID corporation, and lu case 80. ms absence
upon the v,ce-pre,i dent, "r tlr secretary
treasurer thereof
Article III-The objects and purpose t1s
which tl,, corporation is organized and c~-
tahIi,hcd. and the nature Of the bu~'"c~, -.
be carried on by j: are declared 90 "r A.
follows:
t. locate. construct, maintain, oHn. lease.
operate and manage. railroad OF railroad, OF
thc character known a~ street, urban, inter
urban. suburban, RAILROADS. street railways,
and trawwayN, with necessary SIDE tracks
~ tChc>, tura-nutN. stations, d1-kS, "haINSN'
bridges, elevators, warehouses, terminals
track connections, poles. wires. etc. and -
that end, u acquire, purchase, lease, hold
and Own. street railways, urban, lnicrurnan
and suburban, railways, and ;ramNayN, nights
nj Way. privileges and franchises, etc. street
railway and trawways, whether urban, inter
urban, ~ suburban, and whether Completed
pr luC'wpcted, ~ thlN state or elsewhere;
70 construct. maintain, and operate the same
and 10 use all and any appliances, contriv-
ance,. motor power. electricity, gasoline. gas
or any other motive power. the Use ~ winch
J., or may hereafter be recognized and adapt
Ell for such railroad or railroads, street raiI-
Ways or tramways, and which Is necessary
and suitable to operate the same; also -
acquire, construct own hire lease rent and
operate and use ferries and vessels IN con
ntCtInu with or auxiliary or that may he
tenn. and the business thereof, and To con-
-;ruc,. and establish. purchase. lease, own,
manage. maintain and operate electrical
plants and work, Tor the purpose OF supplying
motive power to said railroads, and electric
i'y fpr light, power and heat and all pur-
poses TO railways and railroads, and the
| general public. and 10 towns and cities ana
| the inhabitants thereof: and To any and all
| persons and corporations: TO lease, or sell
| It's lines OF railroad IN whole or III part or
any Of is facilities. or appurten2nceS rSLns
| OF way. franchises and privileges, 70 other
| companies; to lease other street railways and
! tramwayN, whether urban, Interuroan or
| suburban, IN whole or IN part, either wlthln
| Jr without the State OF Louisiana; to pur-
| chase, merge ar consolidate with other rail
way companies or corporations, chartered
| under the laws OF the State of Louisiana,
| nr any other State; 10 acquire by lease OF
purchase, rights Of way, and privileges and
franchises. for electric wires, poles and elec.
trical plants, complete and incomplete and
| he same to build complete manage operate,
maintain. lease. sell. alternate, or dispose OF.
| In furtherance of the above objects and
| purposes to purchase. acquire, hold, pledge
and hypOthecate and dispose OF stocks and
| bond, and other evidence OF Indebtedness OF
street railways and tramways, electric light
power. heat and light companies, OF the char
| acter hcreiuabove described, and IN respect
| OF any and all OF such stocks and bonds, to
possess and exercise all the powers OF IN
| dlvidual holders thereto, including the right
| To vote thereon. and generally TO hold and
| exercise all such incidental powers and
privileges a. relate TO the business and pur-
poses herein set forth or that may be here
iuaf'er conferred by law upon this company
| or companies OF similar character, and 20 do
any and all things necessary and proper TO
| carry ont the business and purposes Of this
| corporation as herein stated and set out
| without further authorization from the
| Article IV.-The capital stock of this cor
| poration is fixed at one hundred thousand
| t$lO.G0O) dollars, represented by one thou
1 ~ NTnh N
| (S1OOI each.
Article V-The corporate powers OF this
| corporation shall be vested in and exercised
| by a board of directors composed of not less
| than three 90 or more than seven "a
| persons each of whom shall be the holder OF
| at least one share OF the capital stock of this
| company, three 90 of whom, when represent
| ed either in person by proxy, shall con-
| Stitute a quorum for the transaction OF all
| business.
Any director in his absence at any meet
| ing Of the board OF directors shall have
| power to appoint in writing, any director or
| stakeholder as his proxy, with full power to
| act in his stead, al such meeting. The direc'
tors shall be elected annually by ballot. by
the holders OF the stock on the hrSt Monday
of January OF each year, beginning on the
first Monday of January, 1918. Such cleo
tons shall be held and conducted at the
Office of the company, under such regulations
as may be made by the board OF directors.
| Notice of such meetings and all othe'
stockholders meetings shall be given IN
manner required by law, and where not st
required, then previous notice OF such meet
| ing shall be given in writing mailed TO eaci
shareholder at his last known post-ofice ad
dress. At elections and all corporate meet
ings, each stakeholder shall be entitled Z
one vote for each share Of stock standing II
his name on the books of the company, L
be cast by him or by his written proxy, ant
the majority OF votes cast shall elect. TIT
board OF directors may from time to TIM
name and appoint all such officers and agent
| I'M he rt1rV psp
and business OF the corporation, and shall
have power to fix and define the duties o
| all officers and employees. who shall holt
office and employment at the pleasure o
said board. Said board may make and Is
tablish all bylaws, rules and regulations
necessary and proper IN its judgment for tn
management of the business, and the affair
. | of the corporation, and to alter and ament
| the same at pleasure Said board Of director
shall have full power and authority 20 Dor
row money, execute mortgages, and creau
liens, to issue bonds notes and other obi
cations, and to secure the same by mortgage
pledge and hypothecation, or otherwise, ant
generally 10 do any and all things necessary
for the proper carrying on OF the bushes
and affairs OF said corporation, and 10 selec
and establish an executive committee witt
full corporate power, during the interim be
tween meetings of the board.
The board Of directors shall hold ofict
until their successors have been elected anC
qualified. They shall elect a president,
vce-president and secretary-treasurer. In cas-,
OF any vacancy occurring on the board iron
death, resignation otherwise, the remain
ing members OF the board shall fill the va
cancy until the next election.
Article NI.-The following persons, to-wit
z. W. Burgis, 52S Bouny STREET, New Orleans
Louisiana; f. Howard McCaleb, 49s Walnu
street, New Orleans, louisiana; K. VI. Sal
want 32Ol Ursuline Ave, New Orleans, Lou
siana shall be and are hereby constituted a
the first board Of directors, all three OF whom
shall constitute quorum, with said E. w
Burgis, as president; f. Howard McCaleb
as vice-president, and K. NJ. Salvant, a
secretary-treasurer who shall be the officer
OF the corporation and shall serve until tn
regular meeting OF stockholders on the frs
Monday Of January, 1918, or until their sue
cessors have been elected and qualified.
The said first board Of directors may in
crease the board OF directors TO seven On
to be selected from among the stakeholder
by said board without further authorization
. Of stockholders until the next annual stock
. holders meeting for the election of seye
(7) directors and until their successors shal
!, | have heeu duIy elected and ouali6sd