The herald., 1917-03-08


incidental to any business or enterprise OF
the Company, with all necessary sidetracks,
locomotives, cars, depO's, round houses and
other equipment necessary TO the. operation
OF said piers. docks, wharves, bridges, tram
ways and railways and the tTathc thereon
provided that this corporation shall not have
the power OF eminent domain.
Sixth: To hold, own, buy sell. convey, ,ex-
I change, lease, rent or otherwise cucumber,
/ dispose OF and deal IN real estate or other
property, personal mixed, improved or un-
improved and to mortgage, pledge or alien
| ate and cucumber the same; 70 operate and
. cultivate lands, plantations and farms; grow
thereon all agricultural products and carry
| on general agricultural business; to oper-
| ATE sugar rehnerIes, cotton gins, canning FAC
/ tories and rice mills; to operate stores, COM
mlssarics, merchandise establishments and
carry on general mercantile business
Seventh: To drain, reclaim and improve
submerged, swampy or other lands, whether
! belonging TO II or other persons; 10 dig, CON
/ StTuCt, work, dredge, strengthen, widen, deep
| Ell otherwise work upon natural or other
| waterCOurseS, canals, drains, sewers, bitches
| and bikes, under contract or under the dlrec-
ton Of public officers or courts, and to do
and carry on a general dredging and drain
| age business, and for that purpose to own and
/ operate construction, dredging and draining
! plants, consisting OF machinery, tools, nipple
| meuts, dredge boats, dItChIng SCOws, light
| ers, dcrrlcks, vessels, engines, cars, wagons
| and property OF every class and description
| convenient or necessary thereto; to deal IN,
| Duy, sell, acquire, lease, SuDlGt OF ldTUl IOT
| its own account for the account OF others,
| real estate, lands and tenements, and to sur
| vey, Subdivide and plan such lands for the
! purpose OF sale, and 10 improve and develop
| the same by the erection OF houses and build
ings thereon and to do such other Lawful!
| acts as may be needful or desirable in and
| about the said improvement or development
| thereof for any purposes, and generally to
| purchase, own, hold lease, convey, mortgage,
pledge, transfer or otherwise acquire dis
| pose OF lands, water rights, mills, factories,
| buildings and other structures, and all other
| property, both real and personal OF every
| class and description, or any interest therein
| necessary or desirable for the carrying on Of
| the aforesaid businesses either OF them.
! 10 prospect, bore, drill for, mine, quarry and
| produce oil, gas or other minerals or metal;
10 cut timber and deal in timber and lumber;
| TO operate sawmIlls, lumber yards, and carry
on general sawmill business.
Ninth: To encourage immigration into the
State OF Louisiana and to develop generally,
| the agricultural and manufacturing interests
OF the State and to assist in the advancement
OF the material prosperity and progress there
of; to organize, found establish and encour-
age colonies III the State OF Louisiana and
elsewhere.
Tenth: To enter into, make, perform and
carry out contracts of every sort and kind
with any person, firm, association, corpora
ton, private, public or municipal, or body pol
itc and with the government OF the United
States, and territory or colony thereof, or
any foreign government.
Eleventh. Generally to do all and every
thing necessary, suitable, convenient
proper for the accomplishment OF any of the
purposes of any more of the objects
herein enumerated or incidental to the pow
ers herein named, which shall at any time
appear conducive or eXpedient to the protec-
ton or benefit of the corporation, either as
holders of or interested in any property or
otherwise, with all the powers now or here
after conferred by the laws of the State of
Louisiana upon corporations organized under
the act herein referred to-
Article IN-The authorized canital 'storL Of
this corporation is hereby declared TO be the
sum OF one million, five hundred thousand
dollars Sl,5U,GOOOD which is divided into
and represented by fifteen thousand Q5,OOO
shares OF the par value of hundred dol
lars $4,000 per share. Said capital stock
shall be fully paid and non assessable when
issued; shall be represented by certificates
and shall be personal property. No transfer
OF SAID capital stock shall be binding upon
this corporation unless made in accordance
with the charter and bylaws and recorded
on the books thereof.
Article V.-The business and affairs of this
corporation shall be managed, and all of the
corporate powers thereof shall be vested in
and exercised by Board of Directors of not
less than hve 50 nor more than twenty-five
(25) directors, to be elected from among the
stockholders, and five 81 of the directors
at any time in office, either present in person
or represented by proxy, including the Presi-
dent and other officers, shall constitute a
quorum. The said Board of Directors shall
elect from among their number a President
one or more Vice President, the number 10
be determined each year by each Board of
Directors, a Treasurer and a Secretary The
office of Secretary and Treasurer may be COM
blned by the Board and filled by one and the
same person. Neither the Treasurer nor the
Secretary need necessarily be members of
the Board of Directors
The Board of Directors shall have the full
and complete control of the property of this
corporation and they shall conduct use and
manage the same as in their discretion they
may deem best If not inconsistent with the !
OBJECTS and purposes of the Company and the |
welfare OF same. The said Board of Di- |
rectors shall have the further power to make, |
alter and annul such bylaws and regulations |
for the government of this corporation as |
they may think proper and shah have the |
right to appoint an Executive Committee 10 |
be composed of such number of directors as |
they might determine, and shall have the |
authority to delegate to and confer on said
ENecutiye Committee such power and author |
ny as they, the said directors, may in their |
Judgment deem necessary and conducive 20 |
the best interest of this corporation.
The Board Of Directors shall have the fur
1ner power 10 appoint general manager and |
an agents, clerks or employees and fix their |
salaries and compensation, with term of |
once, with the right TO dismiss them at pleas
ure, and the said board shall have the fur
ther right to Tx and determine the salaries
OF the several officers herein provided for
any vacancy occurring in the Board OF Di-
rectors shall be filled by the remaining
members of said board for the unexnirrd
term at any meeting of said Board of Di-
rectors.
Article Won the 3rd day of February.
I9l|' all persons who shall then be stockheld
ers OF tins corporation, shall convene in the
lily Of New Orleans, Parish of Orleans.
state OF louisiana, at the Office of the corpor.
alton, II any has been selected, or If no Office
mas been selected, at some place to be agreed
upon by them, and hold a stockholders meet.
ing at which meeting they shall elect from
among their number, a Board of Directors |
10 Dc composed Of such number as thev NAV
agree upon, provided such number is not less
man man I'VE (5) nor more than twenty-five
(<o), all OF whom shall be stockholders OF The
corporation, and the stockholders thus elected
snail constitute the first Board of Directors
OIL inns corporation, who shall serve until the |
regular meeting of the stockholders 10 be
held on the third Tuesday of December. 1917
or until their successors are elected. quail
ned and installed guam
, Article Wilton the third Monday NJ
January, 1918, and annually thereafter on the
third Monday of January of each and every
year, meeting of the stockholders of This
corporation shall be held at its domicile for
the purpose Of electng directors for the ensu.
ing year and at such meeting, the stockhoId.
ers shall have the right of cumula alive voting
IN the election of directors. The said stock.
holders shall first, by vote, fix the number
d directors for the ensuing year, provided