The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTER.
found necessary and

otn ,'ro,idT,nnts whether secured or not, |
under letters patent, domestic or foreign.
| Section 4. To survey, sub-dlylde ana
| Lat lands for the purpose of lease or sale. /
| and to improve and develop the same u!
| the erection of houses or buildings thereon
and TO do such other lawtul actS as mag
| no needful or desirable In and ABOUT lhe
! Improvement and development thereoI LOT
! any purpose; to plan, grow ana cultiEats
! ali kinds of fruits. plants ana NeSeiaDIts'
| to raise buy. sell ana zeal IN HoLssS;
| mulas, cattle live stock and poultry OF al
! Kinds and generally to engage III the busl-
| ness of planter. , -.
| section ;. To carry on all allied and as
| sociated lines Of business which may D"
| directly connected with or may further
| and assist the conduct Of its main busi-
ness as above specified.
| Section g. To construct, purchase, lease
| or otherwise acquire and own. maintain
and operate, steamboats,. sailing vessels
| barTes and other water craft, piers. do'ha
! wharvcs and such lines of tramWaE or
| railway as may be convenient, necessary or
| incidental to any business or enterprise or
| the corporation, with all necessary slur-
| tracks, locomotives. ears. uepo'S' Ioulu
houses and other equipment necessary 10
the operation of said vessels, piers, DOCKS
wharves tramways or railways anu lhe
traffic thereon; provided that this corpora
ton shall not. without an amcndment oi
this charter, be a common carrier or nave
the right TO exercise the power Of eminent
domain.
Section :. To enter into, make, perform
and carry out contracts u fNfIN hlhN NV
contrary to law, with any person. firm
association or corporation, and to carry on
any other business which under the Ia"
II may be entitled to carry on, when may
| seem to the corporation to be calculated.
directly or indirectly, to effect the atOre-
said objects or either of them. or 10 faclll-
| tate il in the transaction OF It's aloresalu
| business or businesses, or any part Thereon,
| or in the transaction of any other lawful
business that may be calculated; directly
| or indirectly, to enhance the value OF or
TO render profitable, any OF me SorPo ,rI,.
: | TO hold and exercise all such incidental
powers and privileges as relate 10 the
objects and purposes hereinaOoEe SET lorth
| or as may be necessary. uSeful or con-
venient for effecting said objects ana
! purposes
ARTICLE IV.-The authorized capital
, stock of this corporation is hereby de
| clared to be the sum of ninety thousand
. dollars $3.50 100000, which capital stock
! may be increased in the manner provided
by law, to the sum of two hundred ana
i fifty thousand dollars. The presently au-
= thorized capital stock of this corporation
4 shall be represented by nine hundred
. shares of the par value of one hundred
dollars each. The said capital stock Shall
be represented by certificates and shall be
. personal property. No transfer OF said
;. capital stock shall be binding upon TINS
| corporatiOn unless made in accordance
+ with it's charter and by laws and recorded
on books thereof.
n ARTICLE V.-The capital stock of this
: | corporation shall be fully paid ana non
4 | aSSessable when issued, and snail De Is
/ | sued only for labor done or services rem
: dered or for property actually received, or
h for cash to be paid at such times and III
a | such amounts and after such notlces ~
| may be determined by the Board OF III
| rectors.
ARTICLE VI-An powers of this cor.
| poration shall be vested in and exercised
by Board of not more than seven ca aho
not less than three 90 Directors, each Oh
.l,o boil In, hiG nu-n
| one D share OF stock. Said Board OF
Directors shall be elected annually on The
t second Tuesday in January of each year
s. the first election to he held in the yeal
1t 1921 All such elections shall be by ballot
= at the office of the corporation, under TN
n supervision of two CD commissioners u
Of be appointed by the Board of Directors
l., and in the absence of any commissioners
the President shall have power to I'LL Tn,
place by appointment. and OF all suci
elections, as well as or all meetings
ID stockholders, except for the purpose o
Humiliation or dissolution. or as otherwls
required by law, ten Q0) days notice shal
be given by mailing to each stockholde
who appears as such on tne DOCKS OF th
- CORPORATION, at his last designated address
or at the general delivery at New orleans
If he has not designated an address, a.
H. announcement stating the time ana piac
y Of the meeting. Each stakeholder snail D
entitled to one vote for each share OF stoc
Se standing in his name on the books OF tn
n company, to be cast in person or by proxy
ana q majority Oh lHt NOleb NdSt Shd
NC elect The Board of Directors shall hay
,a power to fill all vacancies that may occu
~ in the Board. Failure to elect directors o
he the day above specified shall not dissolv
IA the corporation, but the Directors the
" in office shall remain in office until thei
Iy successors are elected and qualified: Du
~ notice of another election shall forthwith
10 | be given. as above provided. Such motto
'aS of election shall be continued TO be give
n until an election is held. The Board {
he Directors at their first meeting followin
NJ each annual election shall elect from the
q, number a President. a Vice-President.
n | Secretary and a Treasurer, and such otht
ma officers as the Board of Directors sha
I'D deem necessary. The Board shall haN
hT | power, in its discretion. to unite two
"a more offices, and the same to confer upo
"a one person, and shall have power to fl
~ the salaries of all officers and all sue
or other officers and employees as they deei
-, VI necessary. The Board of Directors sha
Az have power to make and establish, as we
,es as alter and amend. all bylaws. rules an
m regulations necessary and proper for II
a. support and management OF the bushes
- and affairs of said corporation not incoI
sistent with its charter. Said Board sha
us also have full power and authority to boz
ID row money, and through the President
Ter some duly authorized agent or agents,
eu execute mortgages. issue notes, bonds {
or, other obligations, in snch amount and o
we such terms as in their Judgment may
es- advantageous; and generally TO do a
rs, things reasonably necessary for the propt
IL carrying on of the business of this col
"A pOrati0n, as also to issue and deliver fuI
Sc, paid shares of stock and bonds of obligi
or, lions of this corporation, in payment
te, money borrowed. or money, labor, or sci
ny vices. and property or rights actually n
Dr. ceived by this corporation, as heretofOl
ov- set forth; and shall have power to do a
ay such acts and things as may be necessar
to carry out the objects and purposes f.
i6s which this corporation is organized.
~ A majority of the Directors shall col
or stitute a quorum for the transaction
ba any business. At any meeting OF q
o. Board any Director absent from the NEE
emf ing may be represented by any other ID
rse rector, who may cast the vote of sal
20 instructions of said absent Director. TT
rcd Board of Directors shall have the powe
If by vote of not less than a majority thereo
an to sell. lease, mortgage. by bond mortga.
her or otherwise, or to pledge, any and n
nee or the property, movable or immovabl
sa- belonging TO the corporation, or to recei'
ire In exchange therefor. money or stocks
If bonds or other obligations OF another co
md poration, without referring to the shar
his holder for the power to do so: and tn,
al may also purchase for stock in this co
the poration or for cash or on credit pro
IRIS erty of any kind required for any of d
md purposes of this corporation, without a
up thOrity Of the shareholders.
md Until the next general meeting to be he
aw. under this charter on the second Tuesd;
ate in January, 1921, or until their duly qua
ana fled successors are elected and Unstable
ted the Board Of Directors shall be cor
lall posed of:
OF f. Wallace Holden. whose postoffice a
ers, dress is 2209 PerdidO Street New q