The herald., 1918-04-25
CHARTER

of this corporation are hereby declared /
| and stated TO be:
ceiva, purchase. sell, lease, convey, mort /
/ gage, hypOthecate and pledge property |
real, personal and mixed; to- acquire
/ hold lease and purchase and sell any ana /
/ ali manner of lands, in the State of Lou |
/ iSiana or elsewhere; to develop ana I'M |
prove, well as to transfer, convey, ny |
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, ana 10
| contract for the building and construction
or buildings and other improvements
! thereon of whatsoever nature, and to OPP
| crate. lease sell the same; to cut
bitches drains and canals and build
| 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 firms; to issue
bonds; borrow and lend money secured by
mortgage or otherwise; to operate a store
or stores; to own, operate and maintain
power plants, ice plants, saw mills: fac-
tories, docks, wharves and terminals; TO
build boats, bargeS or other cOnveyanceS'
to build, operate and construct docks,
wharves and terminals, and to lease or
suitcase all or any part Thereon 10 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 cars, locomotives ana
cars, pumping stations, steamplants, arr
plants, and all other machinery, apparatus
| and Draphpru1lia necessary incidental
thereto.
3rd. To build. construct, lease, pur
chase or otherwise acquire buildings. ma
chinery 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-
tnre either produced by this corporation
or other persons or corporations, and to
market the products to the best advant-
age.
or businesses appertaining to the pur-
poses hereinabove set forth, or such as
are generally engaged in by corporations
Article IV.-The capital stock of this
corporation is hereby fixed at the sum OF
: Fifty Thousand (S50,0OO.O0l Dollars divid-
ed into Five hundred (J0O) shares of the
par value of one hundred (SlOO.OO) dollars
each, provided that the amount to which
the capital stock of this corporation may
be increased shall be one hundred thou
n sand $500 OOOOO) dollars. Two hundred
e and seventy (270) shares, or twenty-seven
: thousand ($27, 100000 dollars of the cap
| ital stock of this corporation must be
i subscribed before the filing of the articles
of incorporation. The subscribed capital
( stock of this corporation shall be payable
f in cash, property (real or personai, or
S for labor and services rendered and per-
S formed
q No stakeholder shall ever be held liable
{ or responsible for the faults, contracts or
S debts of this corporation in any further
: sum than the unpaid balance due the cor
: poratiOn on the shares of stock subscribed
Z by him, nor shall any mere informality in
i organization have the effect of rendering
: this charter null. or of exposing any
= shareholder to any liability whatsoever.
y This corporation shall not engage in
'" business until twenty seven thousand
!, / 1921 100000 dollars, or two hundred and
u | seventy (270) shares of the capital stock
i shall have been issued and actually paid
I. in, either in cash, property or services
~ rendered as aforesaid. If any of the stock
: of this corporation is exchanged either IN l1
u will, in that event the provisions of Sec
3 of Act 267 of 1914 shall be compiled
9 with strictly.
Article VAN the corporate powers OF
this corporation shall be vested in and eN.
" ercised by a Board of Directors composed
a of three stockholders, each of whom shall
IT Gwn in his own right. during his term o.
IS Office at least fifty 500 full paid shares
20 of stock, a majority of whom shall con
O. stitute a quorum for the transaction o.
business.
~ consist of President, Vice-President, ant
10 Secretary Treasurer, all of whom shall b.
members of the Board of Directors.
The following named persons shall con
stitute the first Board OF directors: 10
- wit: ~
: New Orleans, La; Peter Ciaccio, 1873 \
Rampant ST.. New Orleans, La; John LII
r, uzza, 600 Audubon Bldg, New Orleans
We La, all residents of the City of New Or
;" leans, State of Louisiana, with Georg
tn ident and John Liuzza, Secretary-Treas
he urer and these officers and directors shal
h hold office until the first Wednesday o
ry March, 1919, or until their successors ar
r. duly elected and qualified.
e. Thereafter the directors shall be electe
IL annually on the first Wednesday in Marc
es of each year, beginning with 1919; ali elec
r. tions of directors shall be by ballot, an
each shareholder shall be entitled to on
re vote for each share of stock standing !
ge his name on the books of the corporation
of this vote to be cast in person or by wrll
to ten proxy, and it shall require two-third
of of the stock present or represented I
tie elect.
of on the first Wednesday of March, 1913, @
or annually thereafter, shall not work fol
rs, fixture of this charter, but the old Boar
nd of Directors shall remain In once unit
es, their successors are duly elected and qua
Article vI.-The Board Of Director
his shall hold regular meetings at such time
all corporation. These meetings shall be hel
ice at the domicile of the corporation, bl
he the President may call special meetlnt
it of the Board of Directors at such tim'
IN as he may deem advisable, and he sha
Use be required to call such special meeting
nd at the request of a member of the Boai
ELL, of Directors. Three days written notl
ge of such special meeting shall be given
es- the Directors, unless waiver OF such n
ng tice is signed by the Directors. Amy "
sue cancy occurring in the Board of Direc
to ors, either from death, resignation, or 4
III ability to serve, shall be filled by q
IN Board of Directors at its next regul
yes meeting after such vacancy shall have
ST Cured. The first Board of Directors
nd this corporation shall be required to ORA
md suitable bylaws for the government
ISL this corporation, which may be altere
md amended or changed as the exigencies
ter the case may require.
the Article vII.-The stock of this corpor
the ton may be transferred, provided su
transfer shall be recorded on the books
Or this corporation before it shall be requir
ms, to recognize the transfer or the new hol
ma, er of the said stock. The total amount
ess the subscribed stock, as herein set fort