The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-02
CHARTER

ATlltlt I'LL nv OblPtlS anu purposes
of this corporation are hereby declared
and stated to be:
LIST. To deal in, and to have, hold, re-
ceive purchase, sell, lease, convey, mort
gage, hypOthecate and pledge property,
real. personal and mixed; to acquire,
hold, lease and purchase and sell any and
all manner of lands. in the State of Lou
isiana or elsewhere; to develop and i'm
prove, as well as to transfer, convey, by
pothecate, mortgage or pledge the same
either in bulk or by plot or other subdi-
vision; to plot, lay out, or subdivide any
and all lands acquired by the corpora
ton: to build, erect, construct, and to
contract for the building and construction
or buildings and other improvements
thereon of whatsoever nature, and to OPP
crate, lease or sell the same; to cut
tramways and railroads for the improve
ment and exploitation of such lands.
2nd. To raise, deal in and buy and sell
all manner and kinds of fruits and vege-
tables; to engage in the general truck
farming business; to cultivate and sell, or
manufacture and sell the produce and ac-
cretiOns of such land to act as the agent
of other corporations, individuals or firms
for the sale of lands, collecting of rents.
and in this capacity to charge and collect
commissions and compensation as pay
ment for such services rendered corpora
tiOnS, individuals or firms; to issue
bonds; borrow and lend money secured by
mortgage or otherwise: to operate store
or stores; to own, operate and maintain
power plants, ice plants, saw-millS, fac
tories, docks, wharVeS and terminals; to
lay pipe lines, tramways and railroads; to
build boats, barges or other cOnyeyances
to build, operate and construct docks,
wharves and terminals, and to lease or
suitcase all or any part thereof TO any
other person or corporations for the like
purpose; and in order to fully carry out
said objects and purposes, to purchase,
lease or otherwise acquire pipe lines, tram
ways, railroads, docks, wharveS, terminals,
boats, barges, tank ears, locomotives and
cars, pumping stations, steamplants, air
plants, and all other machinery, apparatus
and paraphernalia necessary or incidental
thereto.
Bird. To build. construct, lease, pur-
chase or otherwise acquire buildings, ma
chinery or other apparatus that is or
might be necessary for working up the
products of said land, either in the raw
or natural state or changed by manufac-
ture, either produced by this corporation
or other persons or corporations, and to
market the products TO the best advant-
age.
4th. To carry on such other business
or businesses appertaiHing to the pur-
poses hereinabOve set FORTH or such as
are generally engaged in by corporations
of this kind.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
Fifty Thousand ($5O.000.O0) Dollars, divid-
ed into Five hundred (JO0) shares of the
par value of one hundred $500 OO) dollars
each, provided that the amount to which
the capital stock of this corporation may
be increased shall be one hundred thou
sand (SlOO.OOO.OO) dollars. Two hundred
and seventy eco shares. or twenty
thousand 1897, 100000 dollars of the cap
ital stock of this corporation must be
subscribed before the filing of the articles
of incorporation. The subscribed capital
stock of this corporation shall be payable
in cash. property (real or personally, or
for labor and services rendered and per-
formed.
No stakeholder shall ever be held liable
or responsible for the faults, contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
pOratiOD on the shares of stock subscribed
by him, nor shall any mere infOrmality in
organization have the effect of rendering
this charter null, or of exposing any
shareholder to any liability whatsoever.
This corporation shall not engage in
business until twenty seven thousand
1,OO0.OO) dollars, or two hundred and
shall have been issued and actually paid
in, either in cash, property or services
rendered as aforesaid. If any of the stock
of this corporation is exchanged either in
will, in that event the provisions of Sec.
of Act 267 of 1914, shall be compiled
with strictly.
Article V.-All the corporate powers OF
this corporation shall be vested in and eX-
ercised by a Board of Directors composed
1wn in his own right during his term of
office at least fifty 500 full paid shares
of stock, a majority of whom shall con-
stitute a quorum for the transaction of
The officers of this corporation shall
consist of a President, Vice-President, and
Secretary Treasurer, all of whom shall be
members of the Board of Directors.
The following named persons shall con-
stitute the first Board Of Directors. to-
wit:
George Mule, No. 2sO9 EspIanade Avenue,
New Orleans, La; Peter Ciaccio, 1923 N.
uzza, 900 Audubon Bldg, New Orleans,
La, all residents of the City Of New Or
leans, State of Louisiana, with George
Mule, President, Peter Ciaccio, Vice Pres
ident and John LiuzZa, Secretary Treas
urer, and these officers and directors shall
hold office until the first Wednesday of
March, 1919, or until their successors are
duly elected and qualified.
Thereafter the directors shall be elected
annually on the first Wednesday in March
of each year, beginning with 1919; all cleo
tions of directors shall be by ballot, and
each shareholder shall be entitled to one
vote for each share of stock standing in
his name on the books of the corporation,
this vote to be cast in person or by writ
ten proxy, and it shall require two-thirds
of the stock present or represented to
elect.
Failure to hold an election for Directors
on the first Wednesday of March, 1919, or
annually thereafter, shall not work for
fixture of this charter, but the old Board
Of Directors shall remain in office until
their successors are duly elected and quail
flied.
Article vI-The Board of Directors
shall hold regular meetings at such times
as shall be fixed in the bylaws Of this
corporation. These meetings shall be held
at the domicile of the corporation, but
the President may call special meetings
of the Board of Directors at such times
as he may deem advisable, and he shall
be required to call such special meetings
at the request of a member of the Board
of Directors. Three days written notice
of such special meeting shall be given to
the Directors, unless waiver Of such no
tice is signed by the Directors. Any va
cancy occurring In the Board of Direct
ors, either from death, resignation, or in
ability to serve, shall be filled by the
Board Of Directors at it's next regular
meeting after such vacancy shall have oc-
Cured. The first Board of Directors OF
this corporation shall be required to draft
suitable bylaws for the government OF
this corporation, which may be altered
amended or changed as the exigencies OF
the case may require.
Article vII.-The stock Of this corpora
ton may be transferred, provided such
transfer shall be recorded on the books OF
this corporation before ii shall be required
to recognize the transfer or the new hold.
er of the said stock. The total amount OF
the subscribed stock, as herein set forth