The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-12
CHARTERS,

dent. who is acting President of sal,
corporation, and in the event OF his alb
Sence or inability 10 act, then upon In,
Secretary
ARTICLE III.-The objects and pur.
poses for which this corporation i or.
EanlZed and the nature of the bushes,
to be carried on by it. are hereby de.
clared to he: 10 own, possess. lease sell
operate and work mines of any and al
ENDS; and TO own, lease. Sub-lca>c buy
and sell lands. timber. turpentine tur.
pentine stills. Sawmills, planning mills. etc
and all the by-prOduCtS of timber. "a
/ operate, establish and lease turpeutiuc
stills or anything connected Herewith: ia
| own, build, operate and lease railroads
! tram-wayS. Steam-veSScl>, sailing vessels
! or any nature of Watercraft that NAV he
necessary in connection with its business
and to operate, sell or lease same: 10
! engage in or conduct a general mercan-
| Tile business. both wholesale ana retail.
nj any point or points desired. and 10
operate, buy. sell or lease same; to manu-
| tacture machinery or any kind of implr-
! m"ntS; 10 conduct buy. sell lease or
deal in agricultural property; to engage.
| IN the raising of live stock. or TO deal
| IN same; and TO operate. own or lease
| any Kind of manufacturing plant or bust
| ness not specially prohibited by law: to
ACT rs Agent or Attorney fact for i'll
diVidualS or corporations and as such 70
conduct any kind of business for persons
or corporations. and buy and sell on COM
mission or otherwise and ,ondu,r 81.
I
orally 10 do and perform any and all acts
or business not contrary to the laws of
! the state of Louisiana; and all the rights
herein granted may be- exercised and
business conducted. mt any place or places
that the said company may sec fit 30 70
40 without any restrictions whatever as
TO States or Countries.
ARTICLE IN.-The capital stock of this
corporation Is hereby fixed at the sum
OF SlUOOOO.OO divided into 1000 shares of
SlOOW each, which said stock shall bp
pad for in cash or its equivalent al such
time and in such manner as the BOARD
OF directors may determine, or may be
ISSUED at par in payment of property
actually purchased and such stock so is
sued shall be full paid and worcestershire
MI in conformity bvith and under thp re-.
StrictionS of the presently existing cor
porate laws of Louisiana. This cornora,
non shall be authorized to commence
soon as fifty per cent (50otD of its
capital stock is subscribed and paid for
Inc shares of stock shall be transfer
able only on the books of the corporation
ana no transfer of stock shall be bind
ing or have any effect on this corporation
unless and until made upon its books
The capital stock of this corporation may
he increased 10 an amount of 5000 600 90
by vote of two-thirds of ali of The
outstanding stock at meeting of thei
stockholders called for that purpose i'm
the same manner as provided for the
meeting to elect Directors.
ARTICLE V.-AH of the corporate
powers of said corporation shall be vested
in and exercised by Board of Directors
composed OF not less than three nor more
than , tlve stockholders; Said Directrs
snail De elected annually on the third
Monday in yanuary-in each year at
general stockholders meeting. except the
i iE Hoard appointed in this Charter.
VINO, VINO shaIl hold their offices until the
elections shall be held by ballot and CON
Quoted at the office of the CORPORATION.
Notice Of such meeting and of all other
stockholders meetings shall be given in
the manner prescribed by law and when
not so prescribed, then written notice of |
such meetings shall be deposited, at least |
snur I'D days prior 70 the date of
or New Orleans, addressed to each stock |
holder at his last known residence or |
place OF business. At all such elections |
holder shall be entitled to one IN vote |
Tor each share of stock standing in his |
name on the books of the CORPORATION. 70
DE cast by him In person or by his written
proxy, ana majority of the votes cast |
snail elect. Any vacancy occurring among
the directors by death. resignation or
otherwise, shall be filled by election for
the unexpired term by the remaining di-
rectors. A failure to elect directors on
the day above specified shall not dissolve
me corporation nor impair its corporate
eNIstence or management, but the direc-
tors then In office shall remain in office
until their successors are elected and |
qualified. The Board of Directors shall
elect a President and one or more. not
10 exceed four Vice-Presidents and a Sec
r.l reasurer. The President and
Vice Presidents shall be stockholders and
Directors of the Corporation, hut the
oecretary treasurer may or may not be
4 director or stakeholder. at the discre-
lion of the Board of Directors The num-
per or directors shall be determined by
me stockholders at each annual meeting,
and the number of Vice Presidents shall
be determined each year by the BOARD
of Directors The Board of Directors
snail have power and authority to appoint |
such agents, managers. officers and other
employees necessary in their Judgment |
% conduct the business of the CORPORA |
ION, and to give to such agents, managers II
,iiicers ana other employees such au-
hority as they may deem necessary for
he purpose and business of the Corpora
ion. The Board shall have the power to
TX the compensations and define the
iuties Of every officer and employe and
III ri agents manager gers Officers and other
nent at the pleasure of said Board. The
'oard may make and establish. as well
8 alter and amend. any and all bylaws,
roper In its judgment for the conduct.
Import and management of the business
nd affairs of said corporation. At all
1eetings of the Board Of Directors each
lrector shall have the right to appoint
proxy to act in his place and stead. =
ne person SO appointed need not be a
,1rector but must be n stakeholder, The
'oard shall have full power and authority
borrow money, execute MORTGAGES and
reate liens; to issue bonds. notes and
Their obligations and to secure the same
y mortgages, pledge or otherwise: and
enerally to do any and all things reason
BILE. convenient and necessary for the
roper carrying on of the business and
fairs of said corporation. The first
oard of Directors shall be composed of II
alter IL: Chilean. Buckner Chipley and
ohm A. Taylor whose present addresses
re set opposite thefr respective names to
he subscription to the capital stock of |
lis corporation. The Board of Direc-
,rs shall at its first meeting elect the
18th the terms of this Charter.
ARTICLE vI-whenever this corpora.
on shall be dissolved. either by limita-
on or from any other cause. its affairs
iall be hquidated by three commits
oners to be appointed from amongst the
ockholders at a general meeting of the
ockholders convened for such purpose:
in amount Of the capital stock
said corporatfon represented at said
Getting shall be requisite to elect Said
shall remain in office until
lie affairs of said corporation shall have
zen fully liquidated. In case of the
'ath of one or more of the commits
oners. the vacancy or vacancies shall be
He'd by election by the surviving com
issioners. Said commissioners shall
W or by the stockholders ut such meet
gs, IL not inconsistent with law.
ARTICLE vII.-rhis act of incorpora-
on may be changed modified or amend
or the capital stock Of the corporation
inRrQa mr. |