The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-08
A'I OF INCoRPoR,r
81 i>!@N GRAVITY C,Nn
NihRiORNTFD 'ohPAS,

f.. d. 80 Cll
n' o., Do. tl7' on this o..
To" ''"N'. "t N. "rh. 1919 an plSt day A
''I NH .." OF g.. 4itrd Stu. VI the IA |
Cd 'ur or. 'uu,rt md fort" Us =. OF Amer
'''' les /. I.rj,hiugpr y TSllrd, betO,
Ib' th's commissioned ana Notary PM
..''' I'E l' 'iE, Parish and Qualified i
'..-. '...F'lL I-,.iIug, and state atOn'
'".." OF t1r witnesses harsin IA the prs,,
iNi 1".ir,>i-arl. PerSouaIiIura iter Rans,
''i'..'.h r." several prrsous t canle an
.'' h'''HHj" subscribed. VIM Nam,
"'.'.Ih~ themselves Of ,ulecars
Vision, of tLa law, OF This 81 The pn,
90 '4g formation and organizafiiooee relaiv,
l"'' nav" coveneptat% COT.
'~- ,'". ma hN. Boy these nrorlted aa5
""'l 'ST-' and bind thpmSairrselt' Cove
.> '."'' NI' .,9t hereafter ~ as wei
s .'-'' AN" I''i., 10 form ~ Sohe as
I'l' cooperation for the b'inlenSelvs
. i.' '>'-' Nl.a l.r name. and secis aud
'r. .,..,,i.,i ip.l1Niug, town uuuer he
N " &c. The name ana a.
,,,..,.i,,. '.'' -.'" Shdll be Io.i',
''.'I'H anal company, Inc ana IVulSial
'"'F'fH'' ""a" 10 shall have AZ Oy sad
>I' .@Ni'h Tor period of n; nu enjoy
i'"'N. uUI'>N sooner dissolved a"i 'llAs |
~ "'' lh" rights, privileges ~na Shal
u!u"th'N WINCH ar" now or n aug IN.
't' "' granted by law TO corno.Aere
W nv >'Ii' Nuh and charactOora 'lOAs
'h' power ana authority ia conttl nav
ana De sued, ip make and use a ,ract sue
sT"i' lu' same 10 break or sgpofse
P'"N"''' ana 10 max" all npcaSsa"'t at
| ana regulations Tor its cornor".! rules
| aStinrnt aud control "'e nan.
~, l y IL IL Tie dOmicile a, -.
,pLPor"'lon ShaII hr IN the CITY y, ms
/ orleans. Parish of Orleans VI New
dud all citation ana Other IanodIisiahs
t"Ss'> shall De- served ppsn pro-
ircNldeht or il ease of his sPP oA lie
IuahlIlj! 10 act, upon any othss s Of
OF the corporation. ollieet
ARTICLE III The objects ora
poses Tor which said cOrpOration IS pO''
! Ell are: Ca to construct ana Us % lOfn
the State Of Louisiana and operate Ia
| canal or canals for irrigation n, n
| loh or either, tbD to generate Qua us'lga'
tribute hydro electric mower t, dhd dis
niSh water for the purpose Of 70 M
| nee or other lands; Ia to enp.ga ifsulg
| cultivation, milling and transSo. ~ ue
OF rice or other agricultural proSnS,as 70
| the state of Louisiana and elSonIts
Said corporation shall have no'rn
| acquire, by purchase, lease or otba.uu
| rights of way for irrigation and na' n.S
ton canals, and rights of way "a, nIs F
! posts and wires for the transnorta,,pvv's
! hydro electric power; to Furnish ,ra,S.e
/ rice growers and other canal ownsrs
/
| as TO furnish hydrO-electric power %. "" n
! operation of machinery of any n, E
| KINDS at such rates as NAV no -. ~
| upon; to own and operate canal go
and barges of all descriptions wA Syss
operated by steam, electricity or ~" ~
power; to erect necessary dams in V Sas
nection with its canal system m % aoo W.
land for reservoirs; to acquire bv f sss
or otherwise and cultivate or lot =
tenants lands in the State of Loniu,s,
ana elsewhere for the prOduction m -
and other agricultural products "a W.
as to deal in rice and other agricnrn,
products; to borrow and lend monev AM
to issue notes, bonds or other OblgatiSn.
! and to secure the same by mortesea =
pledge of any or all of its prOnerfV' ,ns
generally TO do any and all acts incideptSl
TO the objects and purposes of it, crS.'
| ton.
ARTICLE IV.-The capital stock Al
this corporation is hereby fixed At N.
some of one hundred and fifteen thor.
sand (Sl15,O00 Dollars, divided ina
| Eleven bundled and fifty 1lJW shSr,
of the par value of One hundred dollars
each. all of which shall be common stOek
TO be paid for ut the time these Article,
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
l
subscribed to the number of shares ST
opposite their respective signatures here
to. The Capital Stock may be increased
from time to time to an amount not eI
ceedlng TWO Hundred and fifty thousand
$3.50 OOl dollars.
ARTICLE N.-All the powers Of this
corporation shall be vested in and BE-
exercised by a Board Of not less than
three nor more than five stockholders
as determined in advance each year BY
the stockholders at the annual meeting
the said directors shall be bona fide stock
holders and shall each own at all TINES
one full paid, non-pledged share Of stock
The first Board of Directors shall consist
of: Welman Bradford, of Alexandra, L-
who shall be President; It. NJ. Miller, Of
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 and
each succeeding Board shall continue %
hold office for one year, or until thef
successors are elected and qualified. The
, persons to be hereafter elected Directors
for subsequent years shall select from
their own number a President. Vice
President, and Secretary Treasurer IN
Board of Directors may from time 70
time, and as the business of the Corpora
! ton may dictate, combine any two OF th'
above officers in one and the same person
oh tHt IISJ hOHuds Vi hdiCh' lev -
annually thereafter, the stockholoer'
shall elect Board of Directors for th'
ensuing year, the Board of Directors .,
well as the officers already installsd
shall continue in office until their su s
cessOrs are elected and qualified. ~
election of Directors shall be by ballol
and the persons receiving the malonI'
of votes cast shall be declared eiec.es
For electing Directors or for any o'na
purpose, each share of stock shan y ',
entitled to one vote, whether present :,
by proxy, but no fractional share ~.
stock shall be entitled TO vote. maloliV
of the Directors voting at any one tns
in person or by PROXY, shall be Requires
to pass any resolution or adopt any o1
law, and which, when so adopted, ss, y
. become valid corporate acts. In cav
vacancy on the Board or among the u
ficers from any cause, the remaining men
bers of the Board shall have the Rose .
to fill such vacancy. Said Board Oh DN'
tors shall have the powei, ..,os,
enact such bylaws, rules and regulauv.ii