The herald., 1917-03-01

dispose of and deal in real estate or other
property, personal or mixed, improved or un-
improved, and to mortgage, pledge alien
ate and cucumber the same; 20 operate and
cultivate lands, plantations and farms; grow
thereon all agricultural products and carry
on a general agricultural business; TO OpeT-
ate sugar rennerles, cotton gins, canning FAC
tories and rice mills 10 operate stores, com
mlsSarleS, merchandise establishments and
carry on general mercantile business.
Seventh: 10 drain, reclaim and improve
submerged, Swampy or other lands, whether
belonging to 1t or other persons; 10 dig, CON
Struct, work, dredge, straighten, widen, deep
en- or otherwise work upon natural other
waiercourses, canals, drains, sewers. bitches
and dlkeS, under contract under the diroc-
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
mcnts, dTcdge boats, dItChIng Scows. light
erS; derrckH. vessels, engines, cars, wagons
and property OF every class and description
convenient or necessary thereto; 10 deal IN,
buy, sell, acquire, lease, Sublet or farm for
Its own account or tor the account OF others,
real estate, lands and tenements, and 10 sur.
purpose Of sale, and 20 improve and develop
the same by the erection Of houses and build
lngs thereon and TO do such other lawful
acts as may De neediul or desirable IN and
about the said Improvement or development
,1creot, Tor any purposes, and generally To-
purchase, own, hold, lease, convey. mortgage.
pose OF lands, water rights, mills, factories,
buildings and other structures. and all other
property. both real and persona! OF every
class and description, or any interest therein
necessary or desirable Tor the carrying on Of
the aforesaid businesses VI either Of them.
To prospect, bore, drill Tor. NINE. quarry and
pru4uSv OH. gas ur other minerals or metal.
90 cut timber and deal IN timber and lumber
10 operate sawmIlls, lumber yards, and carry
on general saNmIll business
Ninth: 10 encourage immigration into the
state ui Louisiana and To develop generally,
/ The agricultural and manufacturing interests
| OF the State and to assist IN the advancement
| u the material prosperity and progress there
/ OF; to organize, found. establish and eucour-
/ axe colonies III the State oi Louisiana and
! elsewhere.
Tenth: To enter into. make, perform and
/ carry out contracts ut every sort and kind
with any person, urm, Association, corpora
| ton, private, public Or municipal, or body pol
lte AMI with the government OF the United
! States. and territory or colony thereof, OF
/ Any foreign government.
/ Eleventh: Generally TO do all and every
thing necessary, suitable, convenient or
proper Tor The aCcomplls hment OF any OF the
purposes Of any one or more 81 the objects
herein enumerated or incidental 10 the pow
| crs herein named. 10y which shall al any time
| appear conducive Or eNPedIent to the proteC-
/ non or 1cuent Of The corporation, either as
! holders u or interested ia any property or
/ otherwise, with all the powers now u- here
| aitcr conferred by the laws OF the State Of
| Louisiana upon corporations organized under
the act herein referred 10.
| Article I\.-Ihe authorized capital stock Of
! TINS corporation Is hereby declared % be the
/ sum OF one million, 1--WE hundred thousand
! dollars tSl,SnnJpu1 which Is divided into
! and represented by fifteen thousand G5,OIO
| SHARES u the par value OF one hundred dol
/ lars tSlOOOU per share. SAID capital stock
| shall he fully paid and nou-aSsessab.e when
! 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 N.-Ihe 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 FIVE 80 nor more than twenty-five
! t-S) directors, 10 be elected from among the
| stockholders, and 1--WE 80 Of the directors
| AZ 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 4 Secretary. The
| office OF Secretary and Treasurer may be com.
! h,ned by the Board and filled bv 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 in their discretion they
may deem best II 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 regulation.
Tor the government OF this corporation a:
they may think proper and shall have I'll,
right TO appoint an Executive Committee, {,
be composed OF such number Of directors a.
they might determine, and shall have III,
authority to delegate to and confer on sale
Executive Committee such power and author
ny as they, the said directors, may in thei
Judgment deem necessary and conducive {,
the best interest OF this corporation.
The Board Of Directors shall have the fur
theT power TO appoint a general manager auC
all agents, clerks or employees and fix thei
salaries and compensation, with term o
ONCE, with the right TO dismiss them at plea
ure, and the said board shall have the fur
ther right TO tix and determine the salarie
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 unexpire,
term, at any meeting Of said Board OF Di
rectors.
Article Won the 3rd day of February
1917, all persons who shall then be stockheld
ers OF this corporation, shall convene in tn
| City OF New Orleans, Parish of Orleans
state OF Louisiana, at the office of the corpor
{ alton. II any has been selected, or if no offic
, has been selected, az some place TO be agree,
upon by them, and hold a stockholders meet
, ing at which meeting they shall elect iron
among their number, a Board of Directors
10 be composed of such number as they ma
agree upon, provided such number is not les
than hve 80 nor more than TWENTY-FIVE
t2o), all OF whom shall be stockholders OF III
, corporation, and the stockholders thus electe
shall constitute the first Board of Director
r OF TINS corporation, who shall serve until tn
i regular meeting OF the stockholders to b
held on the third Tuesday of December, 1911;
, or unit! their successors are elected, quail
! lied and installed.
Article NIII-On the third Monday q
: January, 1918, and annually thereafter on III
third Monday OF January of each and ever
! year, meeting of the stockholders of thi
! corporation shall be held at its domicile "a
: the purpose of eleoting directors for the ensu
: ing year and at such meeting, the stockholt
; ers shall have the right of cumulative votin
; IN the election of directors. The said stocl
holders shall first, by vote, fix the numbe
. OF directors for the ensuing year. provide
the said number is not less than the mir
lmum nor more than the maximum fixed b
this charter, and after such number ha
j been fixed, then said stockholders shall dul
: elect said directors. The failure from an
> cause whatsoever to hold the annual meetin
: OF stockholders the failure to elect direc
ors thereat shall not dissolve this corpor;
ton, but the directors and officers then
d ottlce shall remain in Office until their SUI
s .cessOrs shall have been duly elected DUAL
e fed and installed
;, Special meetings of the stockholders ma
: be called in the manner provided by law ar
e all stockholders meetings shall be held
i accordance with and in the manner provide
d by the bylaws of the corporation.
S Article VIII.-This charter may be amen
e may be increased or decreased or this co
J. DOratiOO NAV he in he boJ