The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTER.

to acquire, either by purchase, merger, lease
or exchange the property or entire plants OF
other corporations or individuals engaged in
business similar or incidental to any part
of the business in which this corporation
is engaged, can engage; TO import and
export any OF the articles necessary or IN.
cideutal 10 the proper operation Of said busl-
ness
o. To borrow money for any and all Of
the purposes hereinabove set forth and to is
sue from time TO time TO any extent neccs-
sary or convenient in the cRluion 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
on 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;
(c) To acquire by purchase, subscription,
or otherwise, and to hold, sell. assign, trans
fer, exchange, mortgage, pledge or otherwise
dispose OF any shares Of the capital stock.
bonds other evidences of Indebtedness of
any other corporation or corporations, asso-
citation or associations, domestic or foreign,
engaged in any business in which this cor
poration may be authorized to engage, or the
ownership of whose securities would be ad-
vantageous convenient in the protection
or promotion of any of the purposes or in
terests of this corporation, but only to the
extent authorized by the laws of the State
of louisiana
Cd To carry on 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
for the purpose of attaining of furtherinE
az IfS objects n lie arI 81
| such contracts of any kind and description;
to do such acts and things and to exerci Sc
| all such powers as natural person would
lawfully make, perform, do or exercise, pro-
| vided the same be not inconsistent with the
| laws under which this corporation is orga-
nized;
| (e) The enumeration of powers hereinabove
made shall not be construed as 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 ($30O00OO) to be
| represented by three hundred shares of the
par value of One Hundred Dollars $4,000
each; one hundred fifty $50 shars shall
be preferred stock and the other one hundred
| fifty Q50 shares shall be common stock
! The preferred stock shall bear interest al
! the rate of eight per cent. $50 per annum
| Said interest shall be Cumulative The
| sail preferred stock shall be issued subje 4
/ 10 the privilege of this corporation retiring
same at any time or after January LIST
1921, by giving notice to those persons ap
rearing on the@stock book of said company
as the thereof of it's intention so tC
do and upon the payment of One Hundred
Ten Dollars $4,000 for each share o.
said preferred stock Each share o.
preferred and each share of common stoct
| shall be entitled to one vote. Stock shall
be issued only for cash, or for labor done
or for property actually received and sha
| be paid for at such time and in such install
ments as the Board of Directors may direct
ARTICLE IV.-The capital stock of THU
corporation may be increased in accordanc,
with law to the of One Hundred Thou
sand Dollars (Sl000O0.0O).
| ARTICLE V.-The location of the domicil,
of this corporation shall be the City of New
Orleans, State of Louisiana.
ARTICLE VI.-The period of duration o
this corporation shall be ninety nine (o9
years.
ARTICLE VII.-The corporate powers o
the corporation shall be vested in Boar
of Directors to consist of three 90 person
to be elected annually on the fourth Monda