The herald., 1919-03-20
CHARTER

| OF fruits, plants ana vegetables; 10 raise,
buy, sell and deal in horses, mules. cattle.
live stock and poultry OF all kinds, and
| generally 10 engage in the business OF
planting, and farming, if desired.
Sec. ;. To operate a general merchand Sc
store and commissary, in connection with
| said mill. and TO erect and maintain d
boarding house and lodging rooms for its
| employees and the general public if so de
sired.
! Sec. 4. To carry no all allied ard asso-
rectly or indirectly connected with may
! further and assist the conduct OF its main
business as above specified
| Sec 9. To construct purchase. lease or
otherwise acquire and own, maintain and
| operate. steamboats,. sailing vessels. barges
| or other water craft piers, docks. wharves
| and such lines OF t-amway or railway as
| may be convenient necessary or incidental
| TO any business or enterprise Of the corpora
| tlon, with all necessary side-tracks, locomo-
| tlves, cars, depots, round. houses and other
| equipment necessary 10 the operation Of the
sad vessels, piers, docks, wha-ves. tram
ways or railways and the traffic thereon;
provided that this corporation shall not,
without an amendment OF this charter. be
a common carrier or have the right TO exer.
else the power Of eminent domain.
Sec. !. 10 enter into. make. perform and
carry out contracts OF every kind not con
| trary to law, with any person, firm, associa.
| ton or corporation. and 10 carry on anv
other business which under the law il may
De entitled 10 carry on, which may seem to
| the corporation to be calculated directly or
indirectly, 10 effect the aforesaid objects or
either OF them or to facilitate il in the trans
action OF It's aforesaid business or businesses
| or any part thereof, or in the transaction Of
| any other lawful business that NAV be cal
culated, directly or indirectly. to enhance
| the value Of or TO render profitable any OF
the cOTporatons property or rights and gen
orally to hold and exercise all such incijen.
iaiS' powers and privileges as relate to the
nh1PrtS nd Il
or as may be necessary, useful or convenient
| for effecting said objects and purposes
ARTICLE IN-The authorized capital
stock OF. this corporation is hereby declared
TO be the sum of Ten Thousand Dollars
lSlOOnO0), which capital stock may be in
reaSed IN the manner provided by law. to
the sum OF Fifty Thousand Dollars ESQ.
ooOo). The presently authorized stock of
inns corporation shall be represented by one
hundred shares OF the par value of one hun
bred dollars each $4,000. The said sapi-
tai stock shall be represented by certificates
and shall be personal property. No transfer
OF said capital stock sholl be binding upon
this corporation, unless made in accordance
with its charter and bylaws and recorded
on the books thereof Before anv stock
holder shall sell OF dispose OF his stock in
me corporation, he shall give thirty days
written notice of his intention so 10 do n
the corporation, during which thirty davs
the corporation itself shall have the right
OF purchasing the stock at its book vaIue
ms corporation shall begin business as soon
as Five Thousand Dollars of its stock Is
subscribed as provided for in section Of act
@o| OF 1914. The capital stock of this cor.
poratlon shall be fully paid and non-asses.
sable when issued and shall be issued onIv
Lor Iaoor done or services rendered or for
property actually received or for cash TO
be paid at such times and in such amounts
ana after such notice as may be determined
by. the Board of Directors.
AK AKIlCLE N-All powers of this corporation
q NrnE tal
OF Directors OF not more than seven and not
less than three each of whom shall hold in
his own name at least one share of stool,
SAID Board of Directors shall be elected an
nuaIy on the Second Tuesday in March of
each year, the first election to be in the
year Nineteen Hundred and Twenty Q93m
All such elections shall be by ballot at the
oinCe OF the corporation, under the super
tIsioh OF TWO commissioners, to be appointed
by the Board OF Directors, and in the abse,ca
OF any commissioner, the President sLaII
nave power to fill the place by appointment
and all such elections as we'll as ali meetings
oI Stockhoiders. except for the purpose of IL
quotation or dissolution, or as otherwise re-
CURED by law. ten DAYS notice shall he
gwen by mailing to each stakeholder at his
last designated address, or at the general
delivery at New Orleans, if he has not desig.
ua'ea an address, an announcement stating
me time and place of the meeting Each
shareholder shall be entitled to one vote for
each snare OF the stock standing in his name
on the books of the company to be cast in
person or by proxy, and majority of the
tors shall have full power to fill any vacancy
That may occur in the Board. Filure TO elect
Directors on the day above specified. shall
NOT dissolve the corporation, but the Direc-
.oIs tnen IN Office shall remain in office,
until their successors are elected and quail.
ned, The notice of another election shall
forthwith be given, as above specified and
provided and shall be continued to be given
until unit. an election is held. The Directors at
their first meeting following each annual
election, shall elect from their number a
PRESIDENT, Vice President, Secretary and a
Treasurer, the Office of Secretary and Treas
urer may be combined in one office If. so
desired they may also elect such other Of
ficers as they deem Necessary for the proner
conduct of the business. The Board shall
also have the right to unite two or more
offices, and the same to confer upon one
person, and shall have power to fix the
salaris of all officers and all such other Of
necessary. The Board of Directors shall shall
have power to make, establish as we'll as
alter and amend, all bylaws, rules and regu.
and management, of the business and af-
fairs OF said corporation, and not inconsis-
tent with its charter. Said Board of Di-
Teetors shall have full power through the
or Agents, to borrow money and through
said officers of officer, to execute mort.
cages, issue notes, bonds or other obligations.
IN such amount and on such terms as in
their judgment may be advantageous. and
generally to do all things reasonably neces
sary Tor the proper carrying on of the bust.
ness OF this corporation, as also to Issue and
deliver full paid shares of stock and bonds
or obligations of this corporation, in paw
ment of money borrowed, or money. labor.
or services and property or rights actually
received by this corporation, as heretofore
set forth; and shall have power to do all
such acts and things as may be necessary
to carry out the objects and purposes for
which this corporation is organized A ma
Jority OF the Directors shall constitute a
quorum, for the transaction of any business
At any meeting of the Board of Directors.
any Director absent from the meeting NAV
be represented by any other Director. who
may cast the vote of the said absent D. |
rector, according to written instructions of
said absent Director. The Board of Di. |
rrectors shall have the power. by vote of not |
less than the majority thereof! to sell, |
lease, mortgage or otherwise, or to pledge |
any or all of the property, movable and i'm |
movable, belonging to the corporation, or
to receive in exchange therefor. money or
stocks or bonds or some other obligations of !
another corporation, without referring to the |
shareholders for the power to do so, and they |
may also purchase for stock in this CORPORA. |
ton or for cash or on credit property of |
any kind required for the purposes of this |
corporation, without authority of the share |
holders.
Until the next annual meeting on the sec |
ond Tuesday of March. 1920, or until their |
duly qualified successors are elected and in |
stalled. the Roard nf Direc+ors oil r.. -,