The herald., 1918-06-20
CHARTER
pertaining to such drainage and reclama-

pertaining to such drainage and reclama
| ton.
3. To create and establish drainage dis
tricts and drainage systems on the land:
| which IL shall acquire; drain such dis
| tricts and fix a land charge or tax or
such lands of such districts for maintain
ing such drainage systems.
| 4. To mine, transport and sell coal and
| the by-products thereof
| 3. To manufacture and furnish mater
| ials and supplies necessary for use in
connection with the purposes hereinbefore
| set forth.
g. To buy, own, reclaim, cultivate de-
velop, improve, build upon, lease and sell
| lands and real estate. To construct, own
and operate boats for transportation, pro
| PEELED by sail, steam, gasoline, electricity
or other power; to construct, own and OPP
crate telegraph and telephone lines; TO
construct, own and operate saw mills.
Z. To purchase, hold, sell, assign, trans
fer, mortgage. pledge or otherwise dispose
of shares of the capital stock of any other
corporation or corporations, association or
associations of the State of Louisiana, or
any other state district, territory or cOun-
try, and while owner of such stock to ex-
ercise all the rights, powers and privileges
of ownership including the right to vote
thereon, to the extent permitted by law.
8. To acquire and hold shares, stocks,
debentures, debenture stocks, bonds, obi
cations and securities issued or granted
by any company, constituted in or car
rying on it's business in the United States,
or in any colony or dependency or pos
session thereof, or in any foreign country,
and acquire, hold, sell, transfer, mort
gage, pledge or otherwise dispose of de-
bentures, debenture stocks, bonds, obliga-
lions and securities issued or granted by
any government, municipality, district or
other public body.
o. To enter into, extend and receive
any contract or assignment of contracts
for or in connection with any of the above
purposes; and, in matters wherein this
corporation shall be interested or con.
cerned, to guarantee full performance OF
contracts and sub-cOntracts made by other
parties, and to advance money to such
parties and to endorse and guarantee pay
ment of promissory notes and other OBJ
legations made or executed by them.
10. To buy, sell. lease, reclaim. Guilt
vate, develop and improve lands and real
estate, buildings, improvements and ma
chinery necessary or convenient in connec-
ton with the business of this corporation.
Article Iy.-The capital stock of this
corporation is hereby fixed at the sum of
one hundred and fifty thousand $3.50, 000-
O0) dollars, divided into and represented
by fifteen hundred (1500) shares of the
par value of one hundred (S1OOOO) dollars
each, of which shares two have been sub
scribed for and paid for in cash, and four
teen hundred and ninety eight have been
subscribed for and paid for in the equiva-
lent of cash in property and contracts,
as shown by the detailed statement mark
ed Schedule A." attached hereto as part
of these Articles of incorporation, the
property and contracts set forth therein
being valued and appraised by the Board
of Directors as being worth in excess of
one hundred and forty-nine thousand,
eight hundred (S149, SO0.OO) dollars
All shares of stock shall be fully paid
and non assessable. No transfer of stock
shall be binding upon the corporation I'M
less made upon its books. All certificates
of stock shall be signed by the President
or First Vice-President and the Secretary
and sealed with the corporate seal.
All transfers must be made upon the
books of the corporation by surrender of
the original certificate properly endorsed
for cancellation by the stakeholder in |
whose favor the said stock is issued, or |
by his or her duly authorized agent, and |
upon receipt of said Certificate tha So.