The herald., 1919-07-31
CHARTER.
IS as may be found necessary and de.

srable
Section g. To apply for, purchase 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 not, under letters pat
ent, domestic or foreign.
Section 4. To carry on all allied and
sociated lines of business which may be d.
| rectly connected with may further and
! assist the conduct of its main business as
above specified.
Section s. To construct, purchase, lease, or
otherwise acquire and own, maintain and
operate. steamboats,, sailing vessels, barges
and other water craft, piers, docks, wharves
and such lines of tramway or railway as
may be convenient, necessary or incidental
TO any business or enterprise of the cor
poration, with all necessary sidetracks, loco
motives, cars, depots, round houses and other
equipment necessary to the operation OF said
vessels, piers, docks, wharves, tramways or
railways and the traffic thereon provided
that this corporation shall not, without an
amendment of the charter, be a common car
rier or have the right to exercise the power
of eminent domain.
Section 6. To enter into. make, perform and
carry out contracts of every kind not con-
trary to law, with any person, tlrm, asso'
citation or corporation, and to carry any
other business which under the law it may
be entitled to carry on, which may seem to
the corporation to be calculated, directly or
! indirectly, to effect the aforesaid objects or
either of them to facilitate it in the trans
action OF its aforesaid business or businesses
or any part hereof, or in the transaction of
r any other lawful business that may be cal
culated directly or indirectly, to enhance the
value of or to render profItably, any OF the
: corporations property and rights and gen
orally to hold and exercise all such inciden-
, | tai powers and privileges relate to the
' objects and purposes hereinabove set forth
' or as may be necessary, useful or convent
a ent for effecting said objects and purposes.
ARTICLE. IV.-The authorized capital
stock of this corporation is hereby declared
!, to be the sum of Twenty Five Thousand
Y (S25 10000 Dollars, which capital stock may
a be increased in the manner provided by law
to the sum of One Hundred Thousand
= Thousand (S1OOOO0OO Dollars. The present
e ly authorized capital stock of this corporation
$ shall be represented by two hundred and
J. fifty shares of the par value of One Hundred
l. (SlOO Dollars each. The capital stock shall
be represented by certificates. and shall be
e personal property. No transfer or sale O.
: | corporation unless made in accordance with
!. y its charter and by laws and recorded or
= | the books thereof.
II ARTICLE V.-The capital stock of this cor
r poration shall be fully paid and non-assess
able when issued, and shall be issued onl,
| for labor done or services rendered or TO
. property actually received for cash L
J be paid at such times and in such amount
r and after such notice as may be determined
:. by the Board of Directors.
u ARTICLE VI.-All the powers of thi
Corporation shall be vested and exercised b,
la Board of not more than seven and no
less than three directors, each Of whom
S, shall hold, in his own name; at least on
a. share OF stock. Said Board of Director
a. shall be elected annually on the Secon
y Monday in June of each year, the first cleo
ID tion to be held in the year 1920. All sue
10 elections shall be by ballot, at the office O
IL H. h. ion f txu
commissioners, to be appointed by the Boar
" of Directors and in the absence Of any com
w missioner, the President shall have power I
= fill the place by appointment, and OF a
a | such elections, as we'll as of all meetings 9
n stockholders, except for the purpose of Il
or quotation dissolution, or as otherwise re
quired by law, ten days notice shall b
~ given by mailing to each stakeholder VIII
Nv appears as such on the books OF the corpora
of ton, at his last designated address, or {
the general delivery at New Orleans, If b
] has not designated an address, an announces
ment stating the time and place OF the NEE
ing. Each shareholder shall be entitled
- one vote for each share of stock standin
% in his name on the books of the compan.
to be cast in person or by proxy, and m;
jority of the votes cast shall elect. n
Board of Directors shall have power to Fl
all vacancies that may occur in the Boar
IS Failure to elect directors on day abo,
Dr. specified shall not dissolve the corporation
ay but the Directors then in office shall renal
ur in office until their successors are electe
nd and qualified. Due notice of another ele
he ton shall forthwith be given, as above pr
ed vided. Such notice of election shall be col
T. tinued to be given until an election IS hei
ed The Board of Directors at their first meetir
of following each annual election shall ele
he from their number Presiscnr "a Vice-Pres
ed dent and a SecretaryTreasurer and such o
ID ficers as the Board of Directors shall dee
re necessary. The Board shall have power,
ed its discretion, to unite two or more office
~ he IN rtnon
tie shall have power to fix the salaries OF a
tie officers and all such other officers and er
ms ployees as they deem necessary. The Boa
Act of Directors shall have power to make al
,te establish, as we'll as alter and amend, q
We bylaws, rules and regulations necessary al
nd proper for the support and management OF 4
zee business and affairs of said corporation, n
rm inconsistent with its charter. Said Boa
,ch snail also have full power and authority
be- borrow money, and through the President
es- some other duly authorized agent or agent
H. to execute mortgages, issue notes, bonds
nd other obligations, in such amount and on su
ms terms as in their judgment may be adva
to- tageous; and generally to do all things ne
essary for the proper carrying on OF I
business of this corporation, as also to ISIS
his and deliver full paid shares of stock al
vel bonds obligations OF this corporation,
by payment of money borrowed, or money, lab.
ac. or services and property or rights actual
all received by this corporation, as heretofo
en- set forth; and shall have power to do
Iol such acts and things as may De necessa
ter to carry out the objects and purposes 1
I'D, which this corporation is organized.
10y A majority of any of the Directors sh;
ISL institute a quorum for the transaction
se, any business. At any meeting OF the Boa
'1 any Director absent from the meeting may
a. represented by any other director, who m
al cast the vote of said absent Directors, accoi
'eh ing to the written instructions of said abse
y Director. The Board of Directors shall ha
or the power, by vote of not less than n
hay jority thereof, to sell, lease, mortgage,
of bond mortgage otherwise, or to pledge,
DTS and all of the property movable or inrme
or able, belonging to the corporation, or to
my ceiye in exchange therefor, money or stoe
nay or bonds or other obligations OF anotf
tier corporation, without referring to the sha
in holders for the power to do so; and tn
nay NAV also purchase for stock in this c
IRA poration or for cash or on credit, proper
10y of any kind required for any OF the p
and poses of this corporation, without author
en- Of the shareholders
en- Until the next general meeting to be HI
lar under this Charter on the second Monday
nay June, 1890 or until their duly qualified s.
gu cessors are elected and installed the Boz
OF of Directors shall be composed of George
!ne Force Alexandra, Louisiana, Isaac w. In
ION ell, Baton Rouge, Louisiana, and Ernest
an Sykes of New Orleans, Louisiana, W
ius George X. Force, as President, Ernest
en' Sykes as Vice-President and Isaac w. III
an eli as Secretary Treasurer.
luct ARTICLE VII.-This charter may
the ,nd 4be caoifai stock of this cor