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

| ana ali machinery HldlCIldlS anu dllRlCS
that may be now or hereafter used or re-
| quired in in connection with the manu-
| facture or handling thereof.
Section 2 To store, transport and sell all
and any of the said products above specihed
and for the convenient conduct of the same,
| to maintain such central and branch offices
as may be found necessary and desirable.
| Section $40 apply for, purchase or other
! wise acquire and use, operate, sell, assign,
| transfer and otherwise dispose of, processes,
| formulas, patents licenses and other rights
| in any and all inventions improvements,
whether secured or not, under letters patent,
| domestic or foreign.
Section 4. To survey, subdvide, and plat
! lands for the purpose OF lease or sale, and
to improve and develop the same by the
| erection OF houses or buildings thereon and
TO do such other lawful acts may be need
! full or desirable in and about the improve
ment and development thereof for any pur-
pose; to plan, grow and cultivate all kinds
| Of fruits, plants and vegetables; to raise,
buy, sell and deal in horses, mules, cattle,
live stock and poultry OF all kinds, and
| generally to engage IN the business OF a
planter.
Section 5. To carry on all allied and asso.
| ciaied lines of business which may be di-
| rectly connected with may further and
! assist the conduct of its main business as
above specified.
| Section 8. To construct. purchase, lease
or otherwise acquire and own, maintain and
| operate, steamboats,, sailing vessels, barges
and other water craft, piers, docks, wRarves
and such lines OF tramway or railway as
may be convenient, necessary incidental
to any business or enterprise Of the corpo-
ration, with all necessary side-tracks, loco
motives, cars, depots, roun! houses and other
equipment necessary to the operation OF said
vessels, piers, docks, wharves, tranways or
railways and the traffic thereon; provided
that this corporation shall not, without an
amendment OF this charter, be a COMMON
carrier have the right TO exercise The
power of eminent domain.
/. To enter into
and carry out contracts OF every kind not
contrary to law, with any person, firm, asso-
citation or corporation, and to carry any
; | other business which under the law il may
be entitled to carry on, which may seem
! 10 the corporation to be calculated, directly
= or indirectly, to effect the aforesaid objects
or either OF them, or to facilitate it in the
: transaction OF its aforesaid business or bus.
lnesses or any part thereof or in the trans.
5 action OF any other lawful business that
! may be calculated, directly or indirectly, to
enhance the value OF or to render profitable
any OF the corporations property and rights
and generally to hold and exercise all such
incidental powers and privileges as relate
to the objects and purposes hereinabove sci
, iorth or as may be necessary, useful OF
, convenient for effecting said objects and
: purposes.
I Article V.-The authorized capital stock OF
: tins corporation is hereby declared to be the
sum OF One Hundred Thousand (SlOOOON OO
dollars, which capital stock may be increased
:. IN the manner provided by law 10 the sun
of Five Hundred Thousand (SSOOOOOOO Dol
lars. The presently authorized capital of this
corporation shall be represented by one thou
sand (lOOO) shares of the par value of one hun.
dred (SlO.OO dollars each The said capital
stock shall be represented by certificates and
; snail be personal property. No transfer OF
d said capital stock shall be binding upon thi:
corporation unless made in accordance with
ITS charter and bylaws and recorded on the
g books thereof.
: Article V.-The capital stock of this cor
| a he full maid ~
able when issued, and shall be issued only
e COR labor done or services rendered or fei
:, property actually received or for cash 10 b,
n paid at such times and in such amounts anc
: after such notice as may be determined b,
o the Board OF Directors.
Article Wall the powers of this corpo
! ration shall be vested in and exercised by
a Board of not more than seven "a and no
less than 90 directors, each of whom shal
| hold, IN his own name, at least one q
share of stock. Said Board of Directors shall
" be elected annually on the Second Tuesda,
!. IN January of each year, the first election
= | to be held in the year 1919. All such cleo
= lions shall be by ballot, at the Office of TIT
!, corporation, under the supervision of tw
y - commissioners, to be appointed by tn
Board OF Directors, and in the absence O
any commissioner, the President shall hav
, power to NIL the place by appointment, an,
L OF all such elections, as we'll as of all meet
lngs OF stockholders, except for the purpos
,. OF liquidation or dissolution, or as otherwis
required by law, ten Q0) days notice shall
= be given by mailing to each stockholder VIII
appears as such on the books of the corpo
ration, at his last designated address, or a
the general delivery at New Orleans, if h
l. has not designated address, an announc
ment stating the time and place of the meet
ing. Each shareholder shall be entitled t
l. one vote tor each share of stock standing i
W his name on the books of the company
be cast IN person or by proxy, and ma
Jority OF the vote shall elect. The Boar
ID OF Directors shall have power to fill all va
n he h.,- Ill.
"a TO elect directors on the day above specific
Of shall not dissolve the corporation, but III
n directors then IN office shall remain in ofic
ar until their successors are elected and qua
S med. Due notice of another election sha
le forthwith be given, as above provided. Sue
Id notice of election shall be continued to B
eT gwen until an election is held. The Boar
Id OF Directors at their first meeting followiu
es each annual election shall elect from the
E. number President, a Vice-President an
n. secretary treasurer, and such other off
OF cthers as the Board of Directors shall dee
OF necessary The Board shall have power
OF its discretion, to unite two or more Office
n and the same to confer upon one person
ly and shall have the power to FIX the salari.
u, OF all officers and all such other officers an
ed employees as they deem necessary. The Boar
ct Of Directors shall have power to make an
es establish as well as alter and amend, a
as bylaws, rules and regulations necessary ar
er proper or the support and management of Il
ar business and affairs of said corporation, n
iy inconsistent with its charter. Said Boa
es shall also have full power and authority
u borrow money, and through the President
d. some other duly authorized agent or agent
TO execute mortgages, issue notes, bonds
,r- other obligations, in such amount and Z
ng such terms as in their judgment may be a
by vantageous; and generally to 60 all thin
d. | reasonably necessary for the proper carryir
ISL on of the business of this corporation,
Dr. also to issue and delive full.paid shares
cd stock and bonds obligations of this CO
he poration, in payment of money borrowed,
ne. money, labor, services, and property
MI | rights actually received by this corporatio
III. as heretofore set FORTH and shall have pow
ne. to do all such acts ard things as may
ge necessary to carry out the objects and pu
lal poses for which this corporation is organize
Die majority of the directors shall constitu
ms a quorum for the transaction of any busne.
AT any meeting of the board any direct
absent from the meeting may be represent
Oh by any other director, who may cast t
@y vote of said absent director, according
-, VI the written instructions of said absent dire
-. tor. The Board of Directors shall have t
VI power, by vote of not less than a MAORI
ny thereof, to sell, lease, mortgage, by Dor
81 mortgage or otherwise, or to pledge any a
a. | all of the property, movable or immovab
N belonging to the corporation, or to receive
W exchange therefor, money stocks or bon
VI or other obligations of another corporate
oy | without referring to the shareholders
nu the power to do so; and they may also p,
se chase for stock in this corporation
~ cash or on credit, property of any XII
iII, REQUIRED for any of the purposes of Il
- corporation, without authority of the sha
NJ holders.
ar Until the next general meeting to be ne