The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.

and to do such other lawful acts as may
be neediul or desirable in and about the
said Improvement or development thereof, for
any purposes; and generally to purchase,
own, lease. convey, mortgage, pledge, trans
Ter, otherwise acquire or dispose OF, lands,
water rights, mills, factories, buildings and
other structures and all other property, both
real and personal, Of every class and descrp-
uSn, or any interest therein necessary or
desirable Tor the carrying on OF the aiOTe-
SAID businesses, or either OF them.
EIGHTH: To prospect, bore, drill for,
mine, quarry, and produce oil, gas or other
minerals or metal; TO cut timber and deal
IN timber and lumber; to operate sawmills,
lunberyards, and carry on j general saw
NINTH: To encourage immigration into
the State OF Louisiana, and TO develop gen
orally the agricultural and manufacturing
interests OF the state, and to assist In the
advancement OF the material prosperity and
progress thereof; to organize. found, estab-
Hsh and encourage colonies IN 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
polite, and with the Government OF the
United States, any territory or colony there
Of, OF any foreign government.
ELEVENTH.: Generally to DO all and ev-
erytlIng necessary, suitable, convenient or
proper Tor the accomplishment OF any OF the
purposes OF any one or more OF the objects
ers herein named which shall at any
time appear conducive or eNpcdIent to the
protection 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 capital stock
| OF this corporation IS hereby declared TO be
the sum Of Two Million One Hundred Thou,
| sand Dollars (S2,lOO,UOOO, which is divided
! into and represented by Twenty One Thou
4, sand (2l,OoO shares of the par value of One
| Hundred Dollars (SlOOOO) per share. Said
| capital stock shall be fully paid and non
assesSable when issued shall be represented
| by certificates, and shall be personal prop
| erty. No transfer Of said capital stock shall
| be binding upon this corporation unless made
| IN accordance with the charter and bylaws,
| and recorded the books thereof.
| Article N.-The business and affairs of this
| corporation shall be managed, and all Of the
and exercised by a Board of Directors
Of not less than five 81 nor more
than twenty-five (25) directors, TO be
| elected from among the stockholders; and
tye 81 OF the directors at any time in office,
| either present in person or represented by
F, proxy, including the President and other Of
| hCerS. shall constitute a quorum. The said
! Board Of Directors shall elect from among
| their number President, one or more Vice
| PreSidents-the number to be determined each
year by each Board of DirectorS-a Treasurer
! and Secretary. The Offices of Secretary
| and Treasurer may be combined by the
Board, and filled by one and the same per-
| son. 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 popety 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 the same. The said Board OF
| Directors shall have the further power 70
| make, alter and annul such bylaws and
| regulations for the government of this cor
poration as they may think proper; and shall
have the right to appoint an Executive Com.
mittee, to be composed OF such number OF
| directors as they might determine; and shall
have the authority to delegate TO and confer
on said Executive Committee such power
and authority as they, the said directors
may in their judgment deem necessary anC
conducive to the best interest of this cor
poration.
The Board of Directors shall have tn,
further power to appoint a general manages
and all agents, clerks or employees, and NJ
their salaries and compensation, with tern
II office, with the right to dismiss them a
pleasure; and the said Board shall have tn,
further right 10 fix and determine the sal
aries of the several officers herein provided
for.
Any vacancy occurring in the Board o
Directors shall be filled by the remaining
members of said Board for the unexpiret
term, at any meeting of said Board of Direc
tors.
Article VI.-On the twenty-sixth day o
! | November, 1917, all persons who shall thel
, | be stockholders of this corporation, shall
] convene in the City of New Orleans, Paris
} OF Orleans, State of Louisiana, at the offic
| Of the corporation, If any has been selected
| OF, II office has been selected, at som
, place to be agreed upon by them and hol
: stockholders meeting, at which meetln
I 4 ha hall ala from hair y1tNT h.
| a Board of Directors to be composed of sue
number they may agree upon, provide
such number IS not less than hve 80 no
more than twenty-five (25), all of whom shal
| De stockholders of the corporation; and tn
stockholders thus elected shall constitute tn
/; hrst Board of Directors OF this corporation
: who shall serve until the regular meetin
! OF the stockholders, to be held on the thir
Monday OF January 1919, or until their sue
cessors are elected, qualified and installed
Article NIl.-On the third Monday of jar
!, uary, 1919, and annually thereafter on tn
! | third Monday of January OF each and ever
| year, a meeting of the stockholders of thi
! corporation shall be held at its domicile &c
: | the purpose of electing directors for the Ell
| suing year, and at such meeting the stocl
: holders shall have the right OF cumulativ
!, voting in the election of directors. The sal
: | stockholders shall first, by vote, FIX tn
\ number of directors for the ensuing yea
: provided the said number is not less tina
II the minimum nor more than the maxmui
e liked by this charter, and after such numbt
II has been fixed, then said stockholders sha
!. | duly elect said directors The failure, fro
= tany cause whatsoever, to hold the annu;
!, meeting Of stockholders, or the failure
i elect directors thereat, shall not dissolve til
" | corporation, but the directors and office
then in office shall remain in office unit
S, their successors shall have been duly electe
qualified and installed.
D, Special meetings of the stockholders ma
"a be called in the manner provided by Law
n | and all stockholders meetings shall be he
IS in accordance with, and in the manner pr
l. | vided by the bylaws of the corporation.
10 Article VIII.-This charter may be amen
l. ed, and the capital stock of this corporate
IN may be increased or decreased or this CO
poration may be dissolved, in the metht
Of and manner provided by law.
lie Article IX.-No stakeholder of this corp
al ration shall ever be held liable or respo
SIS | sible for the contracts or faults of this CO
al | poration, in any further sum than the unpa
r balance Of stock for which he mas subscribe
es nor shall any mere informality in organic
or ton have the effect of rendering this cha
i'd ter null of exposing stockholders to al
l. liability other than as above provided.
E. Thus done and passed, in my Office, at Z
s. City OF New Orleans, Louisiana, on the da
&c month and year hereinabove first written,
n the presence of Horace ID. Knapp and E
Id ward F. Cousin, competent witnesses, W
E. herein sign their names with said appeare
IN and ne, Notary, after due reading of {
II, whole.
a. Original signed: L. NJ. Pool, 1908 limp
lg ST.. New Orleans, La, and others.
PERCY S. BENEDICT, Notary Publ
or I, the undersigned, Recorder of Mortgage
I'd in and for the Parish Of Orleans, State
es Louisiana, do hereby. certify that the abo