The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-05

! state Of Louisiana, ~ elsewhere. 70 dcvc,o,
| and improve, well 70 transfer. convey
| Ayp't1ccate, mortgage or pledge the same
| either IN bulk or by plot or other ,Ihilv.
! SION; 70 pia;. lay out, or subdvidc any an,
! all lands acquired by sand corporation; .
| yHlId, erect, construct and % contract 10
| The building and construction OF building
| and other Improvements thereon OF wldtso
! ever nature, and - operate, lease or sci
| The same; % cut bitches, drains. and canal,
| and build trlmways and railroad, Tor tn,
! improvements and exploitation OF such lands
| 2ud. 10 raise, deal IN and buy and sci
| all manner and kinds OF fruits and vegeta
| plcN; "a engage IN the general truck farming
! business; - cultivate and sell, or mauufac
! ture and sell the produce aud aCcretions OF
| such land; To act the agent OF other cor
! porat.ons, individuals OF firms for the sale
| II lands, collecting Of rents, and in this ca
pdc'ty 10 charge and collect commits slonS and
compensation a. payment Tor such services
rendered corporations, individuals or firms,
10 issue bonds: borrow and lend money Sc.
cured by mortgage or otherwise; to operate
a store Or stores; TO own, operate and main.
tam power plants, lce-plantS, saw-millS, rae
tories. docks, whIrveS and terminals: 70 lay
boats. bdrgeN or other cOnveyanCes; 10 build
operate and construct docks, wharves and
terminals, and 10 lease or suitcase all or any
part thereof 10 any other persons or corpora
toms Tor the like purpose; and in order to
fully carry out said objects and purposes.
n purchase, lease otherwise acquire pipe
lines, tramways, railroads, docks, wharvcS,
terminals, boats, barges, tank cars, locomo-
tlves and cars, pumping stations. steam
plants, air plants, and all other machinery,
apparatus and paraphernahd necessary or in
c;iental thereto
5rd To build, construct. lease, purchase
or otherwise acquire buildings. machinery or
other apparatus that i or might be necessary
for working up the products OF said land,
either IN the raw OF natural state or changed
by manufacture, either produced by this cor
.A~lr
- market the products 70 the best advantage.
4th. To carry on such other business or
businesses appertalnlng 70 the purposes here
lnabOve 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 fixed at the sum OF one
hundred and fifty thousand tSl5O,00OO dol
lars, divided into one thousand five hundred
tSlUOO dollars each, provided that the
amount 20 which the capital stock OF this
corporation may. be increased shall be two
huHdred and nfty (S250OOOO d,llars.
Eight hundred and Sixty-four tS64J shares,
or eighty-six thousand four hundred $780,
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 III cash, property (redl or
PERSONAL, or for labor and services rendered
and performed.
No stakeholder 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
the shares Of stock subscribed by him. nor
shall any mere iutormality in organization
have the effect of rendering this charter
null, Of exposing any shareholder to any
liability whatsoever
This corporation shall not engage in bust.
ness until eighty-SlN thousand four hundred
tSS6,4O0o0) dollars, or eight hundred and
sixty four 800 shares OF the capital stock
shall have been issued and actually paid in.
either in cash, property or services rendered
as aforesaid. Ii any OF the stock Of this
corporation Is exchanged either in whole or
in part for property good will. in that
event the provisions OF Sec. Of Act Dol OF
1914, shall be complied with strictly
Article N.-All the corporate powers OF this
corporation shall be vested in and exercised
by a board OF directors composed 81 three
own right, during his term OF office at least
1--WE - FULL paid shares Of stock, major |
ity "i whom shall constitute a quorum Tor
the transaction Of business.
The officers OF thi, corporation shall CON |
SiNt Of a president, vice president, and secre-
'ary-treaSurer, all of whom shall be mem
bers OF the board OF directors.
The following named persons shall consti- |
tute the first board Of directors, to-wit:
Ephrlam Rosenberg. No. ~" Grav.cr street. !
New Orleans La; Earl Bruce Rowan. No. |
40 Gravlcr street, New Orleans, La; OTTO
+. Briede, No. 4l6 G,rod street. New Orleans,
State of Louisiana, with Eph-iam Rosenberg.
president, Otto +. Bride, vicc-president and
Ea-l Bruce Rowan, ~ecrc:ary-:red and
these directors and officers shall hold ofnge
"n,il the first Monday Of July. 1913, or until
heir successors are duly elected and quail
hed
Thereafter the directors shall be elected
annually on the first Monday i'm July 81 |
each year beginning with 1913; a., elections
u directors shall be by ballot. and each |
shareholder shall be entitled 70 one vote for |
each share Of stock standing in hi, name !
IN he books OF the corporation, this vote % |
BE cast in person or by written proxy, and |
il snail Require two-;hird, OF the stock pres
EN- or represented % elect.
Failure to hold an election for directors |
on the first Monday Of July, 1918, o. annually |
thereafter. shall not work 4 forfeiture Of this |
charter, but the old board of directors shall |
remain in office until their successors are /
duly elected and qualified
Article VI-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 domcile
Of the corporation, but the president may call |
special meetings Of the board OF directors al
such times as he may deem advisable, and
1e shall he rAnuired n call such SDecfal