The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25

limited States of America, State of Louis
lana. Parish of Orleans. BE IL known tnat
on this 10Th day of December, IN the year
of our Lord, one thousand, nine hundred
or5 nineteen Q919), and of the indie
an of the United States of America,
The one hundred and forty-fourth tlttthl,
before me Watts h. Leverich, notary
pubIic duly commissioned IN ana IoI 'hs
CITY Of New Orleans, in the farlSn vi
orleans therein residing, and In the pres
once of the witnesses hereinafter lam
and undersigned, personally came ana ap-
peared the several persons whose naIhes
are hereunto subscribed, who declared 'hht
.vaiIinp themselves of the provisions OF
the laws of this State relative TO the Or
panization of corporations, they nave
coyenanted and agreed, and DO by lhese
Drpsents covenant, agree, Dlnu, 1OrIn aho
constitute themselves as wei as such per
sons as NAV hereafter join or become as
sociated with them, into corporation an9
body politic in law, for the objects ana
purposes and under the agreements aho
stipulations following, tO-wit:-
ARTICLE 1.-The name of this corpora
tim shall be State Gravel Co., Inc, I'M
der which name il shall exist for the long
est period permitted by the laws OF the
State of Louisiana, and shallenjoy all the
mower and authority TO contract, 10 sue
and be sued TO accept and receive mort
cages, pledges or other hypothecations ;
10 make and use a corporate seal ana inc
same to break and alter at pleasure 10
purchase, receive, lease, hold or otherwise
ACQUIRE and convey under It's corporate
name property both real personal ana
mixed. and to secure same in such man
ner as the Louisiana law may permit 10
name and appoint such managers anu III
rectors officers and agents as the inter
est and convenience of SAID CorporaIi1n
NAV require and to make ana estaoHsh'
as well as alter and amend at pleasure
such bylaws, rules and regulations Ior
the management and regulation OF the
affairs of the corporation as may be nee
essary, proper, or coaUGn lniie Of this cor
marathon shall be the City OF New or,
leans. La, and all citations or other leSai
process shall be served upon the fresi
dent of the corporation, or IN MS apsehCe
upon the Secretary.
raRTJCI,E UI.-The objects and purposes
for which this corporation is established
and the nature of the business to be car
ried on by it, are declared ana speclneu
TO be: To purchase or otherwise ACQUIRE
own. hold lease sell, or otherwise ALLEVIATE
mortoage cucumber or otherwise hypo-
thecate and to improve, develop, operate
maintain and generally deal In anu Will
and to handle any and all lands or MN
eral or other rights In iands cohtainins
sand. gravel stone, marble or other MIN
eral surface road material, or other MN
erals or commodities, and to mine or
otherwise extract any or sucn OF otner
minerals from any such land; to purchase
or otherwise acquire, own, hold, lease, SELL
or otherwise ALLEVIATE, mortgage, encum-
ber or otherwise hypothecate, ana 10
manufacture produce, develop, improve
operate handle, and generally deal IN sand'
gravel, stone, or other mineral suriace
road material, as well as building mater
ials and merchandise of ell kinds, TO-
gether with the products and by-products
of all such articles and articles mace
therefrom; to contract for, make, Duiiu'
construct, maintain, develop ana improse
highways railways, railroads, and ROADS
of every nature and kind, drainage dltches.
irrigation bitches, canals, buildings, ana
rights of way, and to do a general con
tracing business; to purchase or other-
wise acquire own, hold, lease, sell or
othcrwise ALLEVIATE, mortgage, cucumber
or otherwise hypothecate and to manu-
facture, maintain, operate, generally
handle and deal in all plants, buildings
machinery, cars, railroads. elevators
equipment, and to engage in any otner
business authorized by Louisiana Act No.
267 of 1914; and to have, enjoy and eXer-
else all the rights, powers and privileges
which are now or which may hereafter
be conferred upon corporations organized
under the general corporation laws OF the
State of Louisiana. .
ARTICLE Iy.-The capital stock of said
corporation is hereby fixed at one hun
dred thousand dollars lS1OOVVoool; d.
and Q,O0O) shares of a par value OF one
hundred dollars (S10O0O) each, which stock
shall be paid for in cash or may be IS
sued for property actually received by
The capital stock may be increased up to
the sum of five hundred thousand dol
lars $500, 100000.
ARTICLE Van the powers of this cor
poratiOn shall be vested in and exercised
by Board of three ~ Directors, each
nf wi have registered
books of the company in his own name
at least one share of the capital stock.
The Board shall elect from their number
a President and may likewise elect, but
not necessarily from their number, one or
more Vice Presidents, Secretary, Treas
urer, and such other officers as they may
think proper or convenient for the carry
ing on of the cOmpany's business, and
shall have power to unite two or more
offices and the same to confer upon one
person, or to dispense with any office in
the discretion of the Directors, and to fix
the salary of all officers, agents, and en-
ployees. The Board of Directors shall be
elected annually on the first legal day
of December of each year, the first cleo
tion to be held in the year 1920. All
such elections shall be by ballot at the
office of the corporation. Notice of the
annual meeting, as well as of special meet
ings of stockholders, shall be given by
written notice mailed at least fifteen (15)
days in advance of the date of such meet
ing to each stakeholder appearing as such
on the books of the company, at his last
designated address, or at the General De-
livery at New Orleans, If he has not desig-
mated an address.
Each shareholder shall be entitled to one
vote for each share of stock standing in
his name on the books of the company
said vote to be cast in person or by proxy
and q majority of the votes cast shall
elect. The Board of Directors shall have
the power to fill all vacancies which may
occur or In any manner arise or be
created on the Board Of Directors, even
though no quorum remain at the time such
vacancies are to be filed. Failure to elect
Directors on the day above specified shall
not dissolve the corporation. but the Di-
rectors then in office shall remain in office
until their successors are elected and in
stalled. The Board of Directors shall have
power to make and establish as well as
alter and amend, all bylaws, rules and
regulations necessary and proper for the
support and management of the affairs
and business of the corporation and not
inconsistent with its charter. The Board
snail have power by a majority vote of
an the Directors, without referring to the
[ehoiders, to borrow money. execute
cages, issue notes, pledges. bonds or
obligations, in such amounts and
Inch terms as In their Judgment NAV
advantageous. and generally to do all
tnlngs reasonable and necessary or con-
vehient Tor the proper carrying on of the
business or the corporation; and thew are
especially authorized to issue and deliver
Iuil paid shares of stocks and bonds mr.
other obligations Of the company in nav
ment OF property secured by said cornora-
uon. Twot2) Directors shall constitute n
quorum Tor the transaction of business
"A af H. tn