The herald., 1917-01-11

various States, territories and countries
through which said cgrporations nam o.
connecting lines Of railway may run, and
| generally % have and exercise all such IN
giiental powers and privileges as relate tI
! the objects hereInbetore set forth.
Article IN.-The capital stock Of THIS cor
poratipn is hereby fixed at the sun. Of three
| hundred thousand dollars t$5OO.OOrD, divided
into and represented by three thousand
shares Of the par value OF one hundred dol
| lars $4,000 each.
| Yeen subscribed for in full and certificate,
IF full paid and non asscssable stock sAai
be issued 20 said subscribers IN consideration
! IF the conveyance and transfer 10 TINS cor
unra,l1u u the railroad, equipment, iran
chlse,, properties and other Hgn'S NOR, NOR
| fully described and appraised by the dlIeC
tor, named IN tins act OF Incorporation, III
the schedule hereto annexed, made part here
sid property having been delivered con.
..rlrs,r7urgr,-ly herewith and the sd.d cap,
.-aI stock having been fully subscribed ana
.ai for, the corporation sAa44 al once NC
.r-rr a gong concern. e.
t-.irrr N.2All the corporate powers OF TINS
....r.,-grr,n shall he vested IN and tNcicl'eu
..y "a Board ~ Directors composed OF e'cH &"
..rLruide-, t. be elected annNa1.E q" '"C
.4.rd Tuesday iu January IN cACA year 81
a general ,.schh3ldcrs meeting. y maJ2...y
= sd directors shall constitute a quorum;
Ali -yel election, shall. be by ballot anu
-..H be held and conducted AT the once OF
b .
nav oe established by the Board oil D'sI-
.-
\.rrrc II such meeting and OF all "'Ac'
.-,.Nna.dr--' meeting, shall DE gwen III INC
......,..- r,-.---1rt,d by law and, when not 50
....'--,.rl then written notice OF such meet
..rg. .1sV be deposited at least fifteen days
..,,r ,. the datc OF such meeting, III the
.,,..f-., .n the city o.: New Orleans, post
..r r-rp4rt. addressed TO each ,t'cNa''dc'
- nj, last known residence or place "i Du'-
D., ...'
A. nj such election, and 1t all corporate
meetings. every sjpckhpldcr shall be cnii-
led =, one vote for each share oil stoSN
SANDING I'm ms name Oh the books OF the
..'r,,r-.rI,r 10 be cast by him IN person or
Id, Nr. y,r.ttrn proNy. and the majority 81
he vote, cast shall elect. Any vacancy oc-
..,-~,,5 among the directors Of said corpp-
--,..,, ly death. resignation or otherwise
-l.r me- 'alIri by election for the uucNpred
,.-r, ia. Nh. remaining directors.
failure 70 elect directors on the date
-,..'.,..J Shall NOT dissolve the corporation
,,- i7,-,3ir II, corporate existence or man
,gcmcn,. hu, the directors then in office
-T.F remain in office until their successors
,I.W Nv. hen dIIv elected and shall have
qualified
r.. L.e-H of directors a, its first meeting
-1-u elect fr,.r IL, number a president and
,r, ar NOR vf,e-p~csldcuts Ii more than
,re ,i,c.p~e,idcnt be elected, such addi-
.f,naI vicc-prc,idrnts need no, be members
-; IA b,,rJ II shall also elect treas
r,~r~ aud a secretary or one person TO act as
,,,b .."~r,,~y and treasurer, either OF whom
NAV 70 may not he a member OF the board.
The board of directors from time to time
may name and appoint all such officers and
,ga,ts a. /, may deem necessary Tor the
r,,~,,os.s and huSiues, Of said corporation.
The said board shall have the power to fix
sr5 define the duties Of every officer and
.,,r1,yrr and all officers and EMPLOYEES
.LIu L,Id ,ffir. and employment at the pleas.
,,r. NJ s7Id hoard
The board may make and establish as well
a, alter and amend, all bylaws. rules and
r.,.,r,,;,rs ,Iera..arv and rroDer in It's iuig
men far the conduct and management of the
hr.irr.. and Affairs Of said corporation. The
i,,rd ,f directors shall have full power and
,,,,b,ri,v tn l,r-,,y money TO execute mort.
.,,g.s and to create liens: to issue bonds
- arJ o,ber obligations. and 10 secure
.,,,a nv rror.pape pledge and otherwise
and generally 10 do any and all things rea
| sanaLIe. convenient and necessary for the
pr,rrr carving on OF the business and at
80. ~ s,id ro-p,ratiou. and TO clothe ar
sys,,,,;,,s committee with full corporate pow
| crs J,r;rv the interim between meetings OF
| The hoard
/ Tba L,1rd NJ directors NAV issue full-paiC
| .ba-es al stock for cash or in payment fo
anor uoHT a.I Part',aIiy receiyed by sale
c,-n,r,,inn mon compIyiug with the for
~, ~, e. rac,,;rad In, law
r. - of d;-artors shall have MOVIE,
~ ,utboritv n name and appoint transfei
anorts in financial ceuters to make trans
sers ~ the stool Of said corporation unde
.,,cb r,,,es and reg,Iatiors as the said boarC
NAV establish and prescribe
ST. tr,,srs-reJ on the hooks of sucl
, 80 aSants shall he deemed transferreC
| - - - 80 ,La rornoratior
'' Wy "W6areyrr his co-poratior
Ill he dissolved e;tber Inv Limitation o.
Sron, nv che cause its affairs shall b,
i;o,,;d,,e1 bv three commissioners to be ap
nointed nom among the stockholders at
Po I,o.; nf tbe H,octboIders convene
sss,,.b ' T,,-rIsa. uaior;tv in amount q
,Sa can,,I sptock Of said c5rporation repre-
sar,ad a. said meeting shall be requisite {,
49, sd rommis si6ners shall remain il
~ ,ntiI he afIairs Of said corporation
p iII un.li -, Ill, Inr;5ated In cas-,
-, H. Jo,.b 80 ana nv nore of the Eoui
- tbs yacancv or vacancies shall b,
| SiIed NV eIection nv the Surviving commits
n ! oS g I;,,;dtSy- Sid ron1;ssioner
LII - iii nnryerS conferred mon then
| S - ~ 10. ~, stocLboIders ~ sch meet
~, e ,,ot ;gconsistent with law.
| ~ - VIII tn act of ircornoratio, ma,
Ari benged ,odfed or amended or the can
81 &c nG ~ .bs ca-,r,t;nn nv he increase,
Sor,,ed ~ he manner now or hereafter pro
y;ded nv law
| E-,icIe VITI-No stocLhoIder shall eve
he I;ahIe for the contracts or faults of sal,
~ T' .I.,, ~ A.. ,be co-no-,tio, on M
PpS5i5rras Of Sol owred Inv him nor shall an,
49, i,f,r,oai;ty in organiz9tion have m
| 81, of renJer;rg tb;s cLsTter mil or a
cxros;,g , stortboIder n snv Iiabiiitv he
| - ~ mold ar1orrt e 5,v rernain;n
dur on his Stock.
ALL X Tbc forIov;,g shall co,stitut
,h frst hosrd nf drer,ors 81 his cornora
- + Airae,e- TeU OrIeans "a .
poorn,;, ". 6rlsau,s /, Tbnn,,s C,aer
Rvsb Tau GrIeans +, II Generes Dnfou,
N' o. r, n Ei,;. ~. o.
=