The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-09
CHARTER.

they shall be served upon The W. Ihen
dent, Who is acting President. of sSi5
corporation, and in the event of his ahI
Senc" or inability to act, then upon Ipo
Secretary Treasurer '''" Tue
ARTICLE III.-The objects and mn.
poses for which this corporation is or
gauIZcd and the nature OF the luyir"Il
TO be carried on by it, are h,r,L,+
clared to be: to own. possess l.a,.t saU
operate and work mines OF any ana III
kinds; and to own. lease sinh -ia,"' az
and sell lands timber. urU-utina rr!
pentinc stills, SdWmil!>, planning mills -
and all the by-prOducts of timber. -
operate, establish and lease turrentin,
stills or anything connected thprryyirb' ' '.e
own, build, operate and lease raiIro,,5,So
tram ways, Steam-veSSclS smiling y,,S.is'
or any nature Of Waturtraft thar NAV -,
necessary IN connection with its business
ana to operate, sell or lease Same. =,
engage in or conduct a general marcop
tile business, both wholesale ana rs,aT
at any point or points desired. ana TO-
operate, buy, sell or lease same: 10 man, |
tacturc machinery or any Kind of imnIa.
Wcnt>: 10 conduct, buy. sell lease q,
deal in o:,ricultural property; to enpo',,
in the raising Of live stock. or 10 dol
in same; and TO operate, own or ID
any kind OF manufacturing plant or hni
ness. not specially prohibited by law. 70
act as Agent or Attorney -iu- fact for in
dividual~ or corporations ana us Surb 70
conduct any kind of business for perSorS
or corporations, and buy and sell on com
mission or otherwise. and conduct
general commission business: and ran
orally to do and perform any and an 9c,s
or business not contrary to the laws of
the State OF Louisiana; and all the RIGHTS
herein granted may be. exercised ana
business conducted. ut any place or places
that the said company may see fit so to
do, without any restrictions whatever NJ
to States or Countries.
ARTICLE IN.-The capital stock of this
corporation is hereby fixed at the sum
of SlOO0o0.OO divided into 1000 shares of
$4,000 each, which said stock shall he
paid for in cash or its equivalent at Such
time and in such manner as the Board
of Directors may determine or may he
issued at par in payment of property
actually purchased and such stock so is
sued shall he full paid aud worcestershire
All in conformity with and under the re-
StrlctiOnS of the presently existing cor
pOrate laws of Louisiana This cOrDora
ton shall be authorized to commence
business and be Il going concern as
soon fifty per cent (50co) of lis
capital stock is subscribed and paid for
The shares of stock shall be transfer
able only on the books of the corporation
and no transfer of stock shall be bind
ing or have any effect on this corporation
unless and until made upon its books
The capital stock of this corporation may
be increased to an amount of 5000 OOOO 90
by vote of twO-thirds of all of the
outstanding stock at meeting of the
stockholders called for that purpose in
the same manner as provided for the
meeting to elect Directors.
AK N.-An OF the corporate
powers of said corporation shall be vested
in and exercised by a Board of Directors
composed of not less than three nor more
| than five stockholders. Said Directrs
shall be elected annually on the third
Monday in January-in each year at
general stockholders meeting, except the
| first Board, appointed in this Charter
who shall hold their offices until the
| third Monday in January, 1919. All such
elections shall be held by ballot and con-
Quoted at the office of the corporation.
| Notice of such meeting and of all other
stockholders meetings shall be given in
| the manner prescribed by law, and when
pot so prescribed, then written notice of
| such meetings shall be deposited at least
| fifteen 05) days prior 10 the date of
| such meeting, in the psstOffice of the City
of New Orleans, addressed to each stock
holder at his last known residence or
place of business. At all such elections
and at all corporate meetings every stock
holder shall be entitled to one ID vote
for each share of stock standing in his
| name on the books of the corporation TO
/ be cast by him in person or by his written
proxy, and a majority of the votes cast
shall elect. Any vacancy occurring among
the directors by death, resignation or
otherwise. shall be filled by election for
the uneNpired term by the remaining d.
rectOrS. \ failure to elect directors on
the day above specified shall not dissolve
| the corporation nor impair its corporate
| existence or management, but the direc-
| tors then in office shall remain in office
qualified. The Board of Directors shall
elect a President and one or more, not
to exceed four Vice-Presidents, and Sec
rotary Treasurer. The President and
Directors of the Corporation, but the
Secretary Treasurer may or may not be
a Director or stakeholder, at the discre-
ton of the Board of Directors. The num-
Der of Directors shall be determined by
the stockholders at each annual meeting,
and the number of e-Presidents shall
be determined each year by the 4,- Board
shall have power and authority to appoint
such agents, managers, officers and other
! employees necessary in their Judgment
| to conduct the business of the Corpora
ton, and to give to such agents, managers,
officers and other employees such au-
| thOrity as they may deem necessary FOR
the purpose and business of the Corpora
! ton. The Board shall have the power to
| fix the compensations and define the
| duties of every officer and employe and
| all agents, managers, Officers ana other
employees shall hold office and employ
| ment at the pleasure of said Board. Inc
| Board may make and establish, as well
as alter and amend any and all bylaws
| rules and regulations necessary ana
proper in its Judgment for the conduct.
support and management of the business
| and affairs of said corporation. At all
meetings of the Board of Directors each
director shall have the right to appoint
| Il proxy to act in his place and stead,
the person so appointed need not be
| Director but must be st0ckhOlder. Ihe
| Board shall have full power and authority
\ to borrow money. execute mortgages anu
create liens: to issue bonds, notes and
| other obligations and 10 secure the same
by mortgages, pledge or otherwise; anu
generally to do any and all things reason
| able. convenient and necessary for the
proper carrying on of the business ana
affairs of said corporation. Inc irst
Board of Directors shall be composed OF
| Walter Il. Chilean, Buckner Chipley, ana
John \. Taylor, whose present addresses
are set opposite their respective names 70
| the subscription to the capital stock OF
| this corporation. The Board or Dlrec-
| tors shall at its first meeting elect the
| officers of this Corporation, In accord
with the terms of this Charter.
| ARTICLE VI-Whenever this corpora
ton shall be dissolved, either by llinl!a-
ton or from any other cause, It's allailS
shall be liquidated by three coliI rs
| sioners to be appointed from amongst the
| stockholders at n general meeting or the
| stockholders convened for such purpose,
two thirds in amount of the capital stoeh
of said corporation represented at said
meeting shall be requisite to elect. od ..i
commissioners shall remain in oiiic9 u I.a
the affairs of said corporation shaii ha ahe
| been fully liquidated. In case OF tne
death of one or more of the commas
| soners. the vacancy or vacancies shall pe
filled by election by the surviving cp pntI
miSsioners Said commissioners shaII
have all powers conferred upon them ny
law or by the stockholders at such meet
/ ings If not inconsistent with law. E.
| ARTICLE NII.-This act OF lncorpoIdd
ton may be changed modified or ahlthu
ed or the capital stock of the cOrporatG!dd
tmay be increased or decreased; or SAL a.
1Io.rornt;on ,nov lao dissolved, in the