The herald., 1919-02-27
CHARTER

erection OF homes or buildings thereon and
to do such other lawful acts as may be need,
ful or desirable in and about the improve
ment and development thereof for any pur-
pose; TO plant, grow and cultivate all kinds
Of fruits, plants and vegetables, to raise
buy, sell and deal in horses, mules, cattle,
live stock and poultry OF all kinds, and
generally to engage in the business OF
planting and farming, il desired.
Sec. B. To operate a general merchandise
store and commissary, N connection with
said mill, and to erect and maintain a
employees and the general public if so de-
sired.
Sec T. To carry no all allied and asso-
ciated lines Of business which may be di-
rectly or indirectly connected with or may
further and assist the conduct of its main
business as above specified.
Sec g. To construct, purchase, lease or
otherwise acquire and own, maintain and
operate, steamboats,, sailing vessels, barges
or other water craft, piers, docks, wharves
and such lines OF tramway or railway as
may be convenient necessary or incidental
to any business enterprise of the corpora
ton, with all necessary side-tracks. locomo-
tives, cars, depots, roundhouses and other
equipment necessary to the operation of the
said vessels, piers, docks, wharves, tram
ways or railways and the traffic thereon !;
provided that this corporation shall not.
without amendment of this charter, be
COMMON carrier or have the right TO exer-
else the power of eminent domain.
Sec. T. To enter into, make, perform and
carry out contracts of every kind not con
trary to law, with any person, firm, associa-
ton or corporation, and to carry on any
other business which under the law it may
be entitled to carry on, which may seem to
the corporation to be calculated, directly or
indirectly, to effect the aforesaid objects or
either of them or to facilitate il in the trans
NJ afo ar huS h,,s;
or any part thereof, or in the transaction of
any other lawful business that may be cal
culated, directly or indirectly. to enhance
the value of to render profitable any Of
the corporations property rights and gen
orally to hold and exercise all such inciden-
tails, powers and privileges as relate to the
objects and purposes herein above set forth
or as may be necessary, useful or convenient
for effecting said objects and purposes.
ARTICLE IV.-The authorized capital
to be the sum of Ten Thousand Dollars
100000, which capital stock may be in
reased in the manner provided by law, 10
the sum of Fifty Thousand Dollars ESQ.,
OUOO. The presently authorized stock of
this corporation shall be represented by one
hundred shares of the par value of one hun
dred dollars each $4,000. The said sapi-
tai stock shall be represented by certificates
and shall be personal property. No transfer
of said capital stock sholl be binding upon
with its charter and bylaws and recorded
on the books thereof. Before any stock
holder shall sell or dispose of his stock in
the corporation, he shall give thirty days
written notice of his intention so to do to
the corporation. during which thirty days
the corporation itself shall have the right
of purchasing the stock at its book value
This corporation shall begin business as soon
as Five Thousand Dollars of its stock is
subscribed provided for in section of act
al ~
poration shall be fully paid and non-asses-
sable when issued and shall be issued only
for labor done or services rendered or for
property actually received or for cash &c
be paid at such times and in such amounts
and after such notice may be determined
| by the Board of Directors.
ARTICLE Vail powers of this corporation
shall be vested in and exercised by Board
| OF Directors of not more than seven and not
| less than three each of whom shall hold in
his own name at least one share of stock
| Said Board OF Directors shall be elected an.
nually on the Second Tuesday in March OF
| each year, the first election to be in the
| year Nineteen Hundred and Twenty G92O
| All such elections shall be by ballot at tn,
office of the corporation, under the super
| vision OF two commissioners, to be appointed
| by the Board Of Directors. and in the absenc,
| of any commissioner, the President shall
have power to fill the place by appointment
| and all such elections we'll as all meeting
oi stocknoioers, except Tor the purpose OF II
quidation or dissolution, or as otherwise re
qnired by law, ten days notice shall b,
given by mailing to each stakeholder at hi
| last designated address, or at the genera
delivery at New Orleans, if he has not desig
mated an address, an announcement statin
the time and place of the meeting. Fac
| shareholder shall be entitled to one vote 70
each share of the stock standing in his nam
on the books of the company TO be cast i
person or by proxy, and a majority of tn
votes cast shall elect The Board Of Dire
tors shall have full power to fill any vacanc
that may occur in the Board. Filure to eleC
Directors on the day above specified. sha
not d ssolve the corporation. but the Dire
! tors then in Office shall remain in offic
= until their successors are elected and quail
fled. The notice of another election sha
forthwith be given, above specified al
/ provided, and shall be continued to be give
until an election is held. The Directors