The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTER.

10 acquire. either by purchase. merger, lease
or exchange the property or entire plants OF
other corporations or individuals engaged IN
a business similar or incidental to any part.
Of the business in which this corporation
is engaged, or can engage; to import and
export any of the articles necessary or IN
cidental TO the proper operation OF said bust
ness.
% To borrow money Tor any and all Of
the purposes hereinaboyc set forth and TO is
sue from time 10 time to any extent neccS-
sary or convenient in the CQinion OF the Board
Of Directors Of this corporation. negotiable
notes, coupons, registered or other bonds or
obligations Of this corporation and to secure
the payment OF the principal and interest
or the same by mortgage or pledge OF all or
any part Of the property. rights, franchises
and privileges OF the corporation then owned
or which may be thereafter acquired. and
also with full power to do all things proper,
necessary, convenient or incidental TO the
powers and purposes above expressed;
(0 To acquire by purchase, subscription,
or otherwise, and to hold, sell, assign, trans
Ter. exchange, mortgage, pledge or otherwise
dispose OF any shares OF the capital stock,
bonds or other evidences Of Indebtedness OF
any other CORPORATION or corporations, asSD-
citation or associations. domestic or foreign,
engaged in any business in which this cor
poratiOn may be authorized 20 engage, or the
ownership OF whose securities would be ad-
vantageOuS or convenient IN the protection
terests OF this corporation, but only to the
extent authorized by the laws OF the State
! Of Louisiana;
Cd To carry OIL all or any part Of the
! foregoing objects as principal factor, agent,
| broker or otherwise, either alone or in con.
! junction with any person, firm, association or
| corporation. and in any part OF the
! world, and in carrying on its business. and
! Tor the purpose OF attaining OF furthering
| any OF its objects. 70 make and perform
! such contracts of any kind and description;
| to do such acts and things and to exercise
! all such powers as natural person would
/ lawfully make, perform, do or exercise. pro
! vded the same be not inconsistent with the
| laws under which this corporation is orga-
! uized;
! CeD The enumeration of powers hereinabove
/ made shall not be construed in any wise
a limitation upon the powers of this cor
! poration, but in furtherance thereof.
ARTICLE III.-The capital stock of this
, corporation is hereby fixed at the sum of
! Thirty Thousand Dollars (SSOOOOOO to be
represented by three hundred shares of the
par value of One Hundred Dollars CSl000)
be preferred stock and the other one hundred
Hf'y Q5O) shares shall be common stock
The preferred stock shall bear interest at
the rate OF eight per cent. $50 per annum.
Said interest shall be cumulative. A'he
sail p:cTerred stock shall be issued su5je, I
same al any time on or after January lst
1921, by giving notice to those persons ap.
rearing on the stock book OF said company
as the owners thereof of its intention SO ID
do and upon the payment of One Hundret
Ten Dollars $ll0OO for each share o.
said preferred stock. Each share o
preferred and each share of common stocb
shall be entitled to one vote Stock shall
be issued only for cash, for labor done
or for property actually received and shll
be paid for at such time and in such install
ments the Board of Directors may direct
ARTICLE IV.-The capital stock of thi
corporation may be increased in accordance
with law to the sum of One Hundred Thou
sand Dollars (SlO0,mOOO).
ARTICLE V-The location of the domicil
{ rOf this corporation shall be the City of Ney
Orleans, State of Louisiana.
ARTICLE VI.-The period of duration o
this corporation shall be ninety-nne (99
years.
/ ARTICLE VII-The corporate powers Q
5 the corporation shall be vested in a Boar
S of Directors to consist of three 90 person
i; TO be elected annually on the fourth Monda