The herald., 1917-06-28

State Of Louisiana, 1r elsewhere; 70 develop
and improve, a. well as - transfer. convey,
hypothecate, mortgage Of pledge the same,
eith"T IN bulk OF by plot OF other subdIvI-
sion; - plat, lay out. OF Subdlvide any and
all lands acquired by SAID corporation: to
build, erect, construct and 10 contract Tor
the building and construction OF buildings
and other Improvements thereon Of whatSo-
ever nature, and 10 operate, lease or sell
The sane; 10 cut bitches. drains and canals
and build trdmwayS and railroads for the
Improvements and exploitation OF such lands.
md. 10 raise, deal in and buy and sell
all manner and kinds OF fruits and vegeta-
hles; 10 engage in the general truck farming
business; - cultivate and sell, or mauufaC-
ture and sell the produce and accretions Of
such land; 10 act A. the agent Of other cor
poratlpns, individuals firms for the sale
Of lands. collecting Of rents, and in this ca.
pdcity % charge and collect commissions and
compensation a payment for such services
rendered corporations, individuals or firms
- ISSUE bonds; borrow and lend money Sc
cured by mortgage or otherwise; 10 operate
a store Or stores; 10 own, operate and main
tam power plants, elephants. saw-millS. fac
torres, docks, wharves and terminals; 10 lay
pipe lines, tramwayS and railroads; 70 build
boats. barges or other conveyances; TO build,
operate and construct docks. wharves and
terminals, and 10 lease or suitcase all or any
part thereof 10 any other persons or corpora
tons tor the like purpose; and in order to
fully carry out said objects and purposes.
to purchase, lease IT otherwise acquire pipe
lines, tramwayS, railroads. docks. wharves,
terminals. boats, bargeS, tank cars, locomo-
tlves and cars, pumping stations, steam
plants. air plants, and an other machinery,
apparatus and parapheruaha necessary or in |
cidental thereto.
jrd. To build, construct. lease. purchase
or otherwise acquire buildings, machinery or
other apparatus thar 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 |
no a FHar
10 market the products 10 the hes, advantage |
4th. To carry on such other business or |
bus nesses appertaining 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 is hereby fixed at the OF one
hundred and nifty thousand (SlO,@O) dol.
lars. divided into thousand 1--WE hundred
tSOO) shares OF the par value OF one hundred
Slo0O dollars each, provided that the
amount to which the capital stock of this
corporation may be increased shall be two
hundred and fifty CS2S0,OD.OO dollars.
DR. eighty-six thousand four hundred ($S6..
10000 dollars Of the capital stock Of this
corporation must be subscribed before the
fling OF the articles OF Incorporation The
shall be payable in cash, property Creal or
PERSONALLY. or for labor and services rendered
and performed.
No stakeholder shall ever be held liable or
NJ this corporation in any further sum than
he unpaid balance due the corporation on
he shares of stock subscribed by him. nor
hall any mere iufOrmality IN organization
lave the effect Of rendering this charter
null, or of exposing any shareholder 10 any
liability whatsoever.
This corporation shall not engage in bust
less until eighty.Six thousand four hundred
$50, 10000 dollars, Or eight hundred and
lNty-fOur 500 shares Of the capital stock
hall have been issued and actually paid in,
lther IN cash. property Or services rendered
IS aforesaid If any OF the stock OF this
operation Is exchanged either IN whole or ,
n part for property or good will, in that
vent the provisions OF Sec. OF Act 267 Of |
9lI, shall be complied with strictly
Article N.-Ai the corporate powers Of This
operation shall he vested IN and exercised d
" board OF directors composed OF three ..
tnckhoders, each Of whom shall own in his ,
wn night, during his term Of office At least
we 80 full paid share, Of stock. a major ,
ty OF whom shall constitute a quorum Tor
he transaction II business.
The Officers II this corporation shall con VI
lSt Of a president, vice president, and sccrc-
all OF whom shall be mem
erS of the board Of directors
The following named persons shall const-
Itc the first board Of directors tp-wIt:
Ephriam Rosenberg, No. 90 Gravlcr street.
Jew Orleans, La; Earl Bruce Rowan, 80.
=. Briede. No ll6 Girpi street. New Orleans,
a. all residents Of the City of New DreHas,
tate OF Louisiana, with Ephriam Rosenberg,
resident, OTTO F. Bride. vice president and I
.arl Bruce Rowan. Sccrctary-trea>urer. and
1eSe directors and Officer, shall hold office
mil the first Monday of July, 1918, or until
heir successors are duly elected and quail
ed.
Thereafter the directors shall be elected
nnually on the first Monday in J-'y Of =
ach year, beginning with 1918; all elections .
[ directors shall be by ballot and each .
iareholder shall be entitled to one vote for
ach share Of stock standing in hi, name
n the books Of the corporation, ,hi, vote 20 S
{ cast in person or by written proxy, and q
shall Require two-thirds OF the stock pres
M nr represented to elect. !
Failure TO hold an election for director,
n the first Monday Of July, 1918 or annually
hereafter, shall not work a forfeiture OF this ,
iarter, but the old board Of directors shall /
emain in office until their successor, are q
uly elected and qualified. !
Article NL-The board Of directors shall
old regular meetings at such times shall
e fixed in the bylaws OF this corporation.
hese meetings shall be held at the domicile
/ the corporation, but the president may call
1ecial meetings Of the board Of directors az
ich times as he may deem advisable. and
c shall be required call such sDeCial j