The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-17
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drainage business, and for that purpose to
own and operate construction, dredging and
| draining plants, consisting of machinery,
tools, implements, dredge boats, ditching
| scows, lighters, derricks, vessels, engines,
cars, wagons, and property OF every class
| and description, convenient or necessary
thereto; to 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 to survey, subdivide and
plan such lands for the purpose OF sale, and
to improve and develop the same by the
erection OF houses and buildings thereon,
and TO do such other lawful acts as may
be needful desirable in and about the
said improvement development thereof, for
any purposes; and generally to purchase,
own, lease, convey, mortgage, pledge, trans
fer, otherwise acquire dispose of, lands,
water rights, mills, factories, buildings and
other structures and all other property, both
real and personal, of every class and descrip-
ton, any interest therein necessary or
desirable for the carrying on of the afore-
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,
lumberyards, and carry a general saw
mill business.
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, estao.
lish 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
polite, and with the Government of the
United States, any territory or colony there
of, any foreign government.
; ELEVENTH: Geneally to do all and ev-
erything necessary, suitable convenient or
proper for the accomplishment of any of the
purposes of any more of the objects
, herein enumerated incidental to the pow
ers herein named, or which shall at any
protection or benefit of the corporation, either
as holders of or interested in any property or
otherwise, with all the powers or here
after conferred by the laws of the State OF
Louisiana upon corporations organized under
the act herein referred to.
ARTICLE IV.-The authorized capital stock
of this corporation is hereby declared to be
the sum of Two Million One Hundred Thou.
sand Dollars ($2,lOO,OOOOO), which is divided
into and represented by Twenty One Thou
sand (2l0O0 shares of the par value of One
Hundred Dollars $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 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 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 S in
of not less than FIVE 50 nor more
than twenty-five (20 directors, to be
elected from among the stockholders; and
either present in person or represented by
proxy, including the President and other of.
fcers, shall constitute quorum The said
. Board of Directors shall elect from among
. their number President, 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
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 net inconsistent with the
objects and purposes of the Company and
{ Directors shall have the further power &c
: make, alter and annul such bylaws and
| regulations for the government of this cor
S poration as they may think proper; and shall
have the right to appoint an Executive Com
: mittee, to be composed of such number o.
S directors as they might determine; and shall
T have the authority to delegate TO and confer
4 on said Executive Committee such powei
: and authority as they, the said directors
: may in their judgment deem necessary anS
= conducive to the best interest Of this cor
e poration.
h The Board of Directors shall have tn,
d further power to appoint a general manage
: and all agents, clerks or employees, and Fl,
n their salaries and compensation, with tern
:, of Office, with the right to dismiss them q
i pleasure; and the said Board shall have tn
z further right to fix and determine the sal
' aries of the several officers herein provide,
for.
4 Directors shall be filled by the remaining
8 members of said Board for the unexpire,
$ term, at any meeting of said Board of Direc
- tors.
y Article Won the twenty-sixth day o
y November. 1917, all persons who shall thei
. be stockholders of this corporation, shall
!. convene in the City of New Orleans, Parisl
Of Or State Of Louisiana at the oe
: OF, if no Office has been selected, at som
e place to be agreed upon by them and hol
n | stockholders meeting, at which meetin
!. they shall elect from among their numbe
Board of Directors to be comoosed of sucl
number as they may agree upon, provide,
. such number is not less than FIVE (9 no
!, more than twenty-five 2s), all of whom shall
u be stockholders of the corporation and tn
i stockholders thus elected shall constitute tn
E first Board of Directors of this corporation
! who shall serve until the regular meeting
y OF the stockholders, to be held on the thir,
y Monday of January 1919, or until their sue
. cessors are elected qualified and installed
3 Article VII.-On the third Monday of Jan
! uary. 1912, and Annually thereafter on tn
third Monday of January of each and ever,
year, a meeting of the stockholders of thi
e corporation shall be held at its domicle 70
# the purpose of electing directors for the en-
!, suing year. and at such meeting the stock
|, holders shall have the right of cumulative
II voting in the election of directors. The sal,
J, stockholders shall first, by vote, fix tn
II number of directors for the ensuing year
d provided the said number is not less thai
d the minimum nor more than the maximum
fixed by this charter, and after such numbe
4 has been fixed, then said stockholders shall
duly elect said directors. The failure, iron
any cause whatsoever, to hold the annua
! meeting of stockholders, or the failure t
| elect directors thereat, shall not dissolve thi
corporation. but the directors and officer
then in Office shall remain in Office unit
their successors shall have been duly elected