The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-13
CHARTER

after used or required IN OF IN COnneCllOH
with the lumber business and the manufac-
ture of the same.
Sec. , To survey, subdivide and plat
lands for the purpose or lease or sale, and
to improve and develop the same by the
erection of homes buildings thereon and
to do such other lawful acts, as may be need
full 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; 10 raise,
| buy, sell and deal II horses. mules, cattle.
| live stock and poultry Of all kinds. and
generally 10 engage in the business OF
planting and farming, il desired.
| Sec. ) To operate a general merchandise
| store and COmmIssary, in connection with
said mill, and to erect and maintain
| boarding house and lodging rooms for its
employees and the general public if so de-
| sired.
Sec, 4 To carry no all allied and asso-
| ciated lines OF business which may be d.
rectly or indirectly connected with or may
| further and assIs; The conduct OF its mal4
| business as above specified.
| Sec. 6. To construct, purchase, lease o.
| otherwise acquire and own, maintain and
| operate, STEAMBOATS,, sailing vessels. bargeS
| or other water craft, piers, docks, wharyes
and such lines OF tramwly railway a.
| may be convenient necessary or incidental
! to any business or enterprise of the corpora
ton, with all necessary side-'racks. locomo-
tlves. cars, depots. round houses 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 an amendment OF this charter, be
IA common carrier or have the right to exer-
else the power Of eminent domain.
Sec. !. To enter into, make perform and
carry out contracts OF every kind not con
trary 70 law. with any person, firm, associa-
| ton or corporation. and to carry on any
other business which under the law II may
be entitled TO carry on, which may seem 10
the corporation to be calculated. directly or
indirectly, to effect the aforesaid objects az
either of them or 10 facilitate it in the trans,
! action Of its aforesaid business or businesses
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 or TO render profitable any OF
the corporations property or rights and gen
| orally 10 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
Tor etfectIng said objects and purposes
ARTICLE IV.-The authorized capita
stock OF this corporation is hereby declared
| to be the sum Of Ten Thousand Dollars
CSlOCnt0), which capital stock may be in
reased in the manner provided by law a,
the sum Of Fifty Thousand Dollars $50.
WIol. The presently authorized stock OF
this corporation shall be represented bv one
hundred shares OF the par value Of one hun.
dred dollars each (sluOOM The said sani
|
and shall be personal property. No transfer
OF said capital stock sholl be binding upon
ms eorpoYtion. unless made in accordance
with its Charter and bylaws and recorded
holder shall sell or dispose OF his stock in
the corporation, he shall give thirty days
written notice Of his intention so to do IL
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 soor
} as Five Thousand Dollars of its stock i,
subscribed ed as provided for in section of ac
b| OF 1919. The capital stock of this cor.
poration shall be fully paid and non-asscs
I sable when issued and shall be issued only
lot labor done or services rendered or fol
property actually received or for cash t,
be paid at such times and in such amount.
and after such notice may be determined
by the Board of Directors
> ARllCLE N.-All powers of this corporation
> SnaII be vested IN and exercised by a BoarC
OF directors OF not more than seven and no
less than three each OF whom shall hold il
ms own name at least one share of stock
SAID Board OF Directors shall be elected an
nually on the Second Tuesday in March o
each year, the first election to be in III
: year Nineteen Hundred and Twenty Co5O
All such elections shall be by ballot at tn
office OF the corporation, under the super
:. VISION OF two commissioners, to be appointe
by the Board OF Directors, and in the abscnc
= OF any commissioner, the President shall
| i'"Ni ~ AN lIiC place by appointment
and all such elections as well as all meeting
& OF stockholders, except for the purpose OF ii
j quidation or dissolution, or as otherwise re
Il CURED by law, ten days notice shall b
? gwen by mailing to each stakeholder at hi
!, last designated address, or at the genera
= delivery at New Orleans, if he has not desir
mated an address, announcement Stain
the tune and place of the meeting. Fac
shareholder shall be entitled to one vote fc
each share of the stock standing in his nan,
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
s. that may occar, in the Board. Filure to elet
= Directors on the day above specified sha
h not dissolve the corporation. but the. Dire,
e tors then in Office shall remain in Office
e lied. The notice of another election sha
II forthwith be given, as above specified an
5 provided, and shall be continued to be give
e until an election is held. The Directors ;
# their first meeting following each annu;
r. election. shall elect from their number
e President Nice-President, a Secretary and
% Treasurer, the Office of Secretary and Trea
1t urer may be combined in one office if, $
} desired, they may also elect such other o
d ticers as they deem necessary for the prope
r conduct of the business. The Board sha
IS also have the right to unite two or NOR
e Offices and the same TO confer upon on
y person, and shall have power to fix tn
o salafhs of all officers and all such other o
d ficers and employees as they may dec
o necessary. The Board of Directors sha
IS have power to make, establish as we'll a
n alter and amend, all BYLAWS, rules and req
: larons necessary and proper for the supper
v and management, OF the business and a
IS fairs of said corporation, and not inconsi
l. tent with its charter. Said Board of ID
J. rectors shall have full power through III
! President some other authorized Aver
IS or Agents, to borrow money and throue
n said officers of officer, to execute NOR
n cages, issue notes, bonds or other obligation
d in such amount and on such terms as
it their judgment may be advantageous, an
e generally to do all things reasonably nece
n sary for the proper carrying on of the bus
d ness OF this corporation, also to issue an
E. deliver full-paid shares of stock and bond
e or obligations of this corporation in pa,
,r ment of money borrowed, or money, labo
y, or services and property or rights actual
,r received by this corporation, as heretofoi
r. set forth; and shall have power to do a
r such acts and things as may be necessar
to to carry out the objects and purposes f
" which this corporation is organized. A nj
Is jority of the Directors shall constitute
1t quorum, for the transaction of any bushes
IS AT any meeting of the Board of Director
S. any Director absent from the meeting ma
Or be represented by any other Director, wi
~ may cast the vote of the said absent D
~ rector, according to written instructions
err said absent Director. The Board of d
in rectors shall have the poyer, by vote of n
~ less than the majority thereof, to sell
a. lease, mortgage or otherwise, or to pledg
~ any or all of the property, movable and ir
I'd movable, belonging to the corporation,