The herald., 1920-08-12
CHARTER.
'ffices as may be found necessary and

Section 3. To apply for, purchase OF
| otherwise acquire and use. operate, sell
| assign, transfer and otherwise dispose of
| processes, formulas, patents, licenses ant
| other rights in any and all inventions OF
| improvements, whether secured or not
under letters patent domestic or foreign.
| Section 4. To survey. sub-divide and
| plat lands for the purpose of lease or sale
| and to improve and develop the same by
| the erection of houses or buildings thereon
and to do such other lawful acts as NAV
| be needful or desirable in and about the
| improvement and development thereof fol
| any purpose; to plan, grow and cultivatG
| 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 bust
ness of a planter.
Section ;. To carry on all allied and as
sOciated lines of business which may b,
directly connected with or may further
and assist the conduct of its main bust
ness as above specified.
Section q. To construct, purchase. lease
or otherwise acquire and own. maintain
and operate, steamboats,. sailing vessels
barges and other water craft. piers docks
wharveS and such lines Of tramway or
railway as may be convenient, necessary or
incidental TO any business or enterprise of
the corporation. with all necessary side
tracks, locomotives. cars depOtS round
houses and other equipment necessary to
the operation OF said vessels. piers docks
whhrNeS, tramwayS or railways and the
traffic thereon; provided that this corpora
ton snail not. without an amendment of
this charter, be common carrier or have
the right TO exercise the power Of eminent
domain.
Section .. To enter into, make. perform
and carry out contracts of every kind not
contrary to law, with any person. firm
association or corporation. and to carry on
any other business which under the law
II may be entitled TO carry on which NAV
seem to the corporation to be calculated
Al lF.agn flNv aVNIs H..
said objects or either of them, or to facili-
tate II in the transaction OF its aforesaid
business or businesses. or any part thereof
or In the transaction of any other lawful
business that may be calculated, directly
or indirectly, to enhance the value of or
10 render profitable. any Of the corpora
tons property and rights. and generally
TO hold and exercise all such incidental
powers and privileges as relate to the
objects and purposes hereinabove set forth.
or as may be necessary. useful or CON
venient for effecting said objects and
purposes.
ARTICLE IV.-The authorized capital
STOCK OF this corporation is hereby de-
cared TO be the sum Of ninety thousand
dollars SO,OO.OO), which capital stock
may be increased in the manner provided
by law, to the sum OF two hundred and
nfty thousand dollars. The presently au-
thor1zed capital stock Of this corporation
shall be represented by nine hundred
shares of the par value OF one hundred
dollars each. The said capital stock shall
De represented by certificates and shall be |
personal property. No transfer Of said
capital stock shall be binding upon this |
corporation unless made in accordance |
with Its charter and by laws and recorded |
On books thereof.
ARTICLE v.-The capital stock OF thi.
corporation shall be fully paid and non
assessable when issued and shall be is
sued only for labor done or services rem
Tered, or for property actually received. or
n ha aaiH Of
such amounts and after such notices as
nay be determined by the Board of Di-
'ectOrs.
ARTICLE VI-An powers of this cor
'Orauon shall be vested in and exercised
~ Board of not more than seven "a and
lot less than three CD Directors, each of
whom shall hold, in his own name at least
me "a share Of stock. Said Board of
directors shall be elected annually on the
econd Tuesday in January of each year l.
he first election to be held in the wear
92l. All such elections shall be by ballot
[ the office of the corporation, under the I
uperviston of two (2) commissioners. to &
e appointed by the Board Of Directors L
nd in the absence OF any commissioner
he President shall have power to fill the
lace by appointment. and OF all such 8
lections, as well as Of all meetings of {
except for the purpose of {
quidation or dissolution. or as otherwise
equired by law, ten (l0) days notice shall r
e given by mailing to each stakeholder |
rho appears as such on the books of the r
orporation. at his last designated address y
r at the general delivery at New Orleans, ,
he has not designated an address an
announcement stating the time and place :
the meeting. Each stakeholder shall be !
ntitled to one vote for each share of stock
landing in his name on the books of the :
ompany, to be cast in person or by proxy, ;
nd a majority Of the votes cast shall :
lect. The Board Of Directors shall have :
over to fill all vacancies that NAV occur :
Board. IN oil |
ne day above specified shall not dissolve
ne corporation, but the Directors then
! office shall remain in office until their {
1ccessors are elected and qualified Dine S
office of another election shall forthwith s
e given. as above provided. Such notice q
election shall be continued to be given G
ntil an election is held. The Board of ?
lrectors at their first meeting following a
ich annual election shall elect from their :.
lumber President, a Vice President a y
ecretary and Treasurer, and such other I
Ulcers as the Board of Directors shall e
eem necessary; The Board shall have II
over, IN Its discretion. to unite two or
ore offices, and the same to confer upon p
ne person, and shall have power to fix a
re salaries OF all officers and all such y
,ner OFFICERS and employees as they deem y
ecessary. The Board of Directors shall -
i've power to make and establish as well p
after and amend, all bylaws, rules and ~
gulatlons necessary and proper for the -
Pport ana management Of the business "
n l.
stent with its charter. Said Board shall p'
SO nave full power and authority to Dor ~
w money, and through the President or tl
me duly authorized agent or agents, TO
ecute mortgages. issue notes, bonds or OF
her obligations, in snch amount and on m
en- terms as in their Judgment may be al
Vantageous; and generally to do all of
lngs reasonably necessary fer the proper W
frying on of the business of this cor m
ration, as also to issue and deliver full Il,
ID SHARES OF stock and bonds of obIigo- di
ns OF TINS corporation, in payment of tr
'hey borrowed, or money, labor. or ser sh
es. ana property or rights actually re- ST
Ved by this corporation, as heretofore Ju
forth; and shall have power to do All he
IN acts and things as may be necessary m:
carry out the objects and purposes for re,
lch this corporation is organized. tic
\ majority Of the Directors shall con- st'
luIe quorum for the transaction of pc
business. AT any meeting of the Ie
ara any Director absent from the meet or
!. may pe represented by any other Di- u uf
tor, VINO may cast the vote of said OH
sent Director, according to the written I'M
tr9ctlons of said absent Director. The an
ara OF directors shall have the power en-
Vote or not less than a majority thereof on
sell, lease, mortgage, by bond mortgage an
otherwlse, or to pledge, any and an Ih'
the property, movable or immovohIo Gle
onging to the corporation, or 70 receive OF
eXchange therefor, money or stocks or sal
lus or other obligations Of another cor IN
'atlon, without referring to the share Ter
der Tor the power to do so: and tbey Wi
y also purchase for stock in this cor BEL
a'ISn OF TOT cash or on credit prom NJ
OF any Kind required for any Of tho v1d
poses OF this corporation, withont ON vii
rlty OF the shareholders. a" its
,ntil the next general meeting n bo ho,, Ma
Ter this charter on the sacond rr,oas.N. | iir .s