The herald., 1918-04-11
CHARTERS.


affairs of said corporation as may be nee
essary and proper.
Article 1.-THE domicile of said cOrpOr-
alton shall be in the City of New Orleans,
State of Louisiana. and all citations and
other legal processes shall be served upon
the President. or in the event of his alb
sence or inability to act; then they shan
acting President, of said corporation, and
in the event of his absence or inability TO
act, then upon the Secretary Treasurer
Article III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car"
red on by ii, are hereby declared to be:
to own, possess, lease, sell operate ana
work mines of any and all kinds; and TO
own, lease sub lease, buy and sell lands,
timber, turpentine, turpentine stills, saw
mills, planning mills, etc; and all the by
products of timber; to operate, establish
and lease turpentine stills or anything
connected herewith to own, build, oper-
ate and lease railroads, tram ways, steam
vessels sailing vessels, or any nature or
watercraft that may be necessary in con
nection with its business, and to operate
sell or lease same; to engage In or con-
duct a general mercantile business, both
wholesale and retail, at any point or
points desired. and to operate, buy. sell or
lease same; to manufacture machinery or
any kind of implements; to conduct, BUY,
sell lease or deal in agricultural proper
ty: to engage in the raising of live stock,
or lease any kind of manufacturing plant
or business, not specially prohibited by
law; to act as Agent or Attorney-ln-fact
for individuals or corporations, ana as
such to conduct any kind of business for
persons or corporations, and buy and sell
on commission or otherwise, and conduct
n general commission business; and gen
orally to do and perform any and all acts
or business not contrary TO the laws OF
the State of Louisiana; and all the rights
herein granted may be exercised, and bus
| NaIna nr
that the said company may see mt so TO
do without any restrictions whatever as
to States or Countries.
Article Iv.-The capital stock of this
corporation is hereby fixed at the sum OF
$3.50 10000 divided into $500 shares OF
$4,000 each, which said stock shall be
paid for in cash or it's equivalent, at such
| time and in such manner as the Board or
sued at par in payment of property actu-
ally purchased and such stock so issued
shall be full paid and non -assessable. All
| in conformity with and under the restric-
| lions of the presently existing corporate
laws of Louisiana.
| This corporation shall he authorized to
| commence business and be going con
Germ as soon as all of its capital STOCK Is
subscribed and paid for.
| The shares OF stock shall be transfer
able only on the books of the corporation
and no transfer of stock shall be binding
| or have any effect on this corporation, I'M
less and until made upon its books.
| The capital stock of this corporation
may be increased to an amount OF S5OO,-
10000 by a vote of two-thirds of all of the
outstanding stock at meeting of the
| stockholders called for that purpose in the
same manner as provided for the meeting
to elect Directors.
| Article V-AIl of the corporate powers
| of said corporation shall be vested in and
| exercised by Board of Directors com
posed of not less than three nor more than
five stockholders. Said Directors shall be
oil hn hird
January in each year at general stock
holders meeting, except the first Board,
appointed In this Charter. who shall hold
their Offices until the third Monday in
| January. 1919.
| All such elections shall be held by bal
| lot and conducted at the office of the cor
poration. Notice of such meeting and OF
| all other stockholders meetings shall be
given in the manner prescribed by law.
| and when not so prescribed, then written
| notice of such meetings shall be deposit
ed, at least fifteen (15) days prior to the
of the City of New Orleans. addressed TO
each stakeholder at his last known resi-
dence or place of business.
At all such elections and at all corpor-
ate meetings every stakeholder shall be
entitled to one az vote for each share of
stock standing in his name on the books
Of the corporation. to be cast by him in
person or by his written proxy. and a ma
jority of the votes cast shall elect.
Any vacancy occurring among the d.
rectors by DEATH resignation or otherwise
shall be filled by election for the unex-
pired term by the remaining directors.
A failure to elect directors on the day
above specified shall not dissolve the cor
poration nor impair its corporate exist
ence or management but the directors
then in office shall remain in office until
their successors are elected and qualified.
The Board of Directors shall elect a
President, and one or more, not to exceed
four Vice Presidents. and a Secretary
| Treasurer. The President and Vice-Pres-
idents shall be stockholders and Directors
of the Corporation, but the Secretary
Treasurer may or may not be Director
| or stakeholder. at the discretion of the
| Board of Directors. The number of Di-
rectors shall be determined by the stock
| holders at each annual meeting, and the
mined each year by the Board of Direct
ors.
The Board of Directors shall have pow
er and authority to appoint such agents,
necessary in their judgment to conduct
the business of the Corporation, and to
give to such agents, managers, officers
and other employees such authority as
| they may deem necessary for the pur-
poses and business of the Corporation.
| The Board shall have the power to fix
the compensations and define the duties
Of every officer and employee and all
ployees shall hold office and employment
| at the pleasure of said Board.
The Board may make and establish, as
well as alter and amend any and all by
laws, rules and regulations necessary and
proper in its judgment for the conduct,
| support and management of the business
and affairs of said corporation. At all
meetings of the Board Of Directors each
| director shall have the right to appoint a
i Where To S&@m