The herald., 1919-05-01
AiT or INCoRPoR,r,
OF
~ i>iANA GRAVITY C,>,
~ bkfORATEn 'oNPi,

'-' .HNNlIl CANAL co,
h'"kroRATED ooMPNr
st. q:r INV !, .., or..a, g.. '''' Of Orleans C
the Month or March la1o ms Slst dsv =,
H'prndru." ui tl. Iuif.5 dnu Of the
/ ca iAr pH" hHuisrd and f,ateS of Anss
me n@Fl'> /. FLEET, hiugpr 'SHnird, betos
'I G"'! '''t.i.t r>iuupd ana 'olary PIX
an" '"E 'hr CITY. Parish and Stalified i
..,.,. 81" i'"IdlnG and in ''t ,t afon,
ana l,pt.r,....- q. ''NEtN hereinafte.e Prs |
:,,,,,,...r,,f :, '~''", Personally car, hana
/ are H"r"Iutu subscribed nose nam
l.Hl' a'aiitg themselves "no ueclarS
NlNiPhN of iIr iIW> of MI 81 The p,a
l" me iprmHtj"u aud organi1 "tdte reatN.
l'oI"1i'"0. IH"! have coyana'a Of Coz, !
agreed ana 30, by these nenahted sDS
""".i "Ifo" "1i bind Themselves cove
>n,i,,i.t VA" may hereafter beeoaass vel |
Ho.i'i'" with tAem to form, osetcOme as
INTO 1t gur"rafion for tba themsevs
PURPOSES. with the name and Holects ana
sup utd,lohN following town. under tn
ARTICLE l. The nama
TINS corporation shall b a"u style Of
nr"Nl,l "li"t company, Inc, and IVHulSian,
sY tt,o'.,,' ",.i,l' II shall have and SAD
49, ,tI i"I " period of ninS, ehlq
years unless SOONER diSsolyad "lneIy-n ns
nave all the rights. uriviio, and SHAH
! muhIti'N which are now os and i'm.
/ alItf u" "raHt'd by law ia may here
OF IN" same kind and chonorpOfatiOns
.'H'l sun '"FpHrate name II SSsII' and
the power ana authority to coH Htal have
S"'i "V SUI 10 make and use a co,n. 81.
! ~, nv >I'u' to break or stap. O'aos
| ANA regulations for its cornoy rules
/ agemcnt ana control rVrate man.
| ARTICLE IL The dom;ou.
! corporation shall be in the Ci,4 OF this
/ orleans, Parish of Orleans OF New
| anu an citation and other le~oi
| 1855 NhaH be served nnon pro-
, IT>iH"ht or IN case of his shSeno. Ne
! inability to act. upon anv ot Sbosenee of
! OF tn" corporation. ''Ner Office,
AK LIZ lll.-The objects and
! poses for which said corporation 'I ~ PUP
eu are. thi to construct and Go 20 Iota'
the state of Louisiana and a, SpeIale N
.ahal or cHhais for irrigation or nsl
non or either, OBJ to generate ana lsa
rilp"'r II! ur"-tIcCiric power; (c) 70 sas s
hl>h water for the purpOse ~ a.; " iu
lice or other lands: td) 70 aoaon rrlgstllg
! cultivation, milling and trsnSno. II ne
OF re" or other agricultural nrndnosAuoa
Ihe star" OF Louisiana and eleawIs
Haid corporation shall have powas
acquire, by purchase, lease or o,be..,W
rights OF way for irrigation and na' ms
! 80 ''i''iH' ana rights of way for nal,
posts ANA wires for the tranSnorta.,PV1
| hydro electric power: to furnish wa,n
rice growers and other canal ownnu'
Nuch rates aS may be agred upon 40 -. n
rs 10 furnish hydro electric nower %. NJ ~
operation of machinery of anv =, w "
KINDS AT such rates as NAV he s,,.aa
| upon To own and operate canal s0s,.
ana hhrSe> Of ali descriptions. whstSs.
operated by steam. electricity ar AN.
nectlon with its canal system to acon,.
lahd Tor reservoirs; to ACQUIRE nv iSas.
or Otherwise ana cultivate or Ia, !.
tenants lands in the State of Ionisi,s.
ana elsewhere for the production on 49,
aud other agricultural products, as x,l
aN TO zeal IN rice and other agricultural
products. to borrow and lend monav srS
to issue notes, bonds or other obliSats S1a
ana to secure the same by mortgage a.
| pledge or any or all Of its prOperty: ana
/ generally To do any and all acts medicinal
! ton. '' ''''
ARTICLE Iv.-The capital stock At
TINS corporation is hereby fixed at hs
some of one hundred and, fifteen thou.
| sand tSllJ.OOW Dollars. divided ips
Eleven huudded and fifty Q15O) sbsrs
/ of the par value of one hundred dollar,
each, all of which shall be common stock
10 be paid for at the time these Articles
are executed. in money, services, or prop.
erty useful and necessary for the Oh.
jectS and purposes of the corporation and
| thereafter shall be worcestershire The
parties hereto declare that they have
subscribed to the number of shares vi
opposite their respective signatures here.
10. The Capital Stock may be increased
! from time 10 time TO an amount not eI.
cceding Two Hundred and fifty thousand
(S2JO,OOW dollars.
corporation shall be vested in and b.
exercised by a Board of not less than
three nor more than five stockhOlders
as determined in advance each year By
the stockholders mt the annual meeting
the said directors shall be bona fide stock
holders and shall each own at all time'
one full paid, nOn-pledged share Of stock
The first Board of Directors shall eonss
of: Welman bradford. of Alexandria La.
who shall be President; T. NJ Miller, d
New Orleans, La, who shall be Vice
President; Clark ii. Rice, of Baton Rouge
La, who shall be Secretary Treasurer
The above named Board of Directors AM
each succeeding Board shall continue Y
hold office for one year, or until thei
successors are elected and qualified III
persons to be hereafter elected Director
for subsequent years shall select frol
their own number a President, VICE
President, and a Secretary Treasurer. I'd
Board of Directors may from time
time, and as the business of the Corpora
ton may dictate, combine any two OF 10
above officers in one and the same person
On the first Monday of March, 1920, an
annually thereafter, the stOekholdef
shall elect a Board of Directors for th
ensuing year, the Board of Directors
well as the officers already instalc
shall continue in office until their sue
cessOrs are elected and qualified. ~
election of Directors shall be by Dallo'
and the persons receiving the maloih
of votes cast shall be declared electea
For electing Directors or for any otns
purpose each share of stock shall ,
entitled to one vote, whether present !
by proxy. but no fractional snare y
stock shall be entitled to vote. maleE
of the Directors voting at any one um'
in person or By PROXY, shall be reqall.
to pass any resolution or adopt any "
law, and which, when so adopted sns'
become valid corporate acts. In case
vacancy on the Board or among the u
ficers from any cause, the remaining m e~
bcrS of the Board shall have the DOW
to fill such vacancy. Said Board OF Dh,
tors shall have the power -.
enact such bylaws, rules and reguiau y.
as. in their opinion, may be necessary n. Ss
proper for the management, OPERA
and control of the business Of said corr
-..SE
ARTICLE VI.-Notice of all meenss
held for the election of Directors OF y y
any other purpose. shall be given Id W. -
ing by the Secretary and may De yei !, y
personally or deposited In the man ~ =
dressed fifteen 05) days before 10y 10y
meeting is held. and directed 70
stakeholder at his last known adoresss - /
the same shall appear upon the ~, ~
of the corporation, unless SAID no' s,s,t
waived in writing by all OF the S'
holders appearing upon the books u
all meetings of stockholders msJs'It
of the votes cast shall be sufiess -,
elect or decided all questions yoteo w,
except for the alteration, ameDans"
the dissolution of the CorPoratloanrs
ARTICLE VII.This act OF lncoI lR,VaS 1
may be altered, amended or modhn, l
the corporation dissolved by az w. stse
two thirds in amount of the capi.ssi . ssl
represented at a general melting VI M
holders. called for that purPose. ~ ftJ
notice as provided in Article " :" a d
charter; and in case Of dissoluuon VI suc
corporation, the stockhoideis 10 ,csB
shall aI.rf three Il0ul0dtiht