The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-16
CHAPTER

10 acquire, either by purchase, merger, lease
! 1r exchange the property or entire plants Of
. other corporations or individuals engaged in
. a business similar or incidental to any part
/ II The business in which tins corporation
Is engaged. or can engage; TO import and
export any of the articles necessary or in
ciicntal to the proper operation of said bust
ness.
% To borrow money for any and all Of
/ the purposes hc-eI-ahoyc set forth and 10 is
sue from time TO time TO any extent ueccs-
sary or convenient in the cQ,uIon OF tie Board
Of Directors OF this corporation, negotiable
notes, coupons, registered or othg- bonds or
obligations Of This corporation and 10 secure
the payment OF the principal and interest
oH the same hv mortgage or pledge 0f 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 % the
powers and purposes above expressed
tc1 To acquire by purchase. subsc-iption
or otherwise, and 20 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 o. corporations. assoc
citation or associations. domestic or foreign
engaged in any business in which this cor
p0ration may be authorized to engage, Or the
ownership OF whose securities would be adj
vautaGeouS or 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
tor the purpose of attaining of turthcrnC
any OF Its objects, 10 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-
yided the same be not moons stent with the
laws under which this corporation is orga-
uized
(c} The enumeration Of powers hereinabove
made shall not be construed as in any wise
limitation upon the powers Of this cor
porauon, but IN turtherance thereof
ARTICLE III-The capital stock Of this
corporation is hereby fixed at the sum Of
Thirty Thousand Dollars CSOOnOU TO be
represented by three hundred shares Of the
par value OF One Hundred Dollars (SlOOOO
each; one hundred fifty $50 shars shall
be preferred stock and the other one hundred
tffy N5D shares shall be common stock
The preferred stock shall bear interest at
the rate Of eight per cent. $50 per annum.
[ SAID interest shall be cumulative. The
I sail p:crcrred stock shall be issued subject
10 the privilege Of this corporation retiring
same at any time after January lst,
| 1921, by giving notice to those persons ap-
rearing on the stock book OF said company
as the owners thereof of its intention SO TO
do and upon the payment of One Hundred
! Ten Dollars (Sll00O for each share of
SAID preferred stock. Each share os
preferred and each share of common stock
shall be entitled to one vote. Stock shall
| be issued only for cash, or for labor done.
Or for property actually received and sh all
be paid for at such time and in such Install
ments as the Board of Directors may direct.
| ARTICLE IV.-The capital stock of this
/ corporation may be increased in accordance
with law to the sum OF One Hundred Thou
! sand Dollars ($lOOODOO.
| ARTICLE V.-The location of the domicile
! OF this corporation shall be the City of New
/ Orleans, State Of Louisiana.
/ ARTICLE VI-The period Of duration OF
I this corporation shall be ninety nine (99)
years.
ARTICLE VII.-The corporate powers OF
the corporation shall be vested in a Board
OF Directors TO consist of three 90 persons
I to be elected annually the fourth Monday