The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-02
CHARTER.

and to do such other lawful acts as may
be needful or desirable In and about the
Improvement and development thereof for
any purpose; TO plan, 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
binds. and generally TO engage in the bust
ness of a planter.
Section ,. To carry on all allied and
ISOLATED lines of business which may be
directly connected with or may further
and assist the conduct of its main bust
ness rs above specified.
Section d. 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 10 any business or enterPriS" 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.
wharveS, tramwaNS or railways. and the
traffic thereon; provided that this corpora
tion shall not, without an amendment of
this charter, he 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
! il may be entitled to carry on. which may
seem 10 the corporation to be calculated.
directly or indirectly, to effect the afOre-
said objects or either of them. or to facili-
/ tate il 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
/ TO render profitable, any Of the corpora
| tiOns 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
yenient for effecting said objects and
! purposes.
! ARTICLE IV.-Thc authorized capital
/ stock of this corporation is hereby de
| clared to be the sum of ninety thousand
| dollars $50 10000, which capital stock
may be increased in the manner provided
! by law, to the sum of two hundred and
I fifty thousand dollars. The presently au-
| thOrized 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
/ be 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 bylaws and recorded
/ on books thereof
ARTICLE V.-The capital stock of this
corporation shall he fully paid and non
/ asSesSable when issued. and shall he is
! sued only for labor done OF services rem
dcred. or for property actually received, or
LOT cash 10 De p;lu NJ SuCn times ana IN
/ such amounts and after such notices as
may be determined by the Board of hi
/ rectOrS.
I ARTICLE VI-AH powers of this cor
pOratiOn shall be vested in aud exercised
bY ! Board of not more than seven "a and
not less than three 49, Directors. each OF
J whom shall hold. in his own name. at least
. one % share OF stock. Said Board of
, Directors shall be elected annually on the
. second Tuesday in January of each year.
% a 40 held N he NNa
1921. All such elections shall be by ballot.
= at the office of the corporation. under the
/ supervision of two % commissioners, to
] be appointed by the Board OF Directors,
| and in the absence of any commissioner.
| the President shall have power to fill the
| place by appointment. and Of all such
elections. as well as OF all meetings of
stockholders, except for the purpose of
| liquidation or dissolution. or as otherwise
| required by law, ten ClO) days notice shall
! be given by mailing to each stockholder
| who appears as such on the books of the
corporation, at his last designated address.
! or at the general delivery at New Orleans.
| if he has not designated an address, an
| announcement stating the time and place
| of the meeting. Each stakeholder shall be
entitled TO one vote for each share of stock
standing in his name on the books of the
company, TO be cast in person or by proxy,
! and a majority Of the votes cast shall
| elect. The Board of Directors shall have
power to fill all vacancies that may occur
| in the Board. Failure to elect directors on
the day above specified shall not dissolve
| the corporation, but the Directors then
| in office shall remain in office until their
| successors are elected and qualified. Due
notice OF another election shall forthwith
! be given, as above provided. Such notice
| of election shall be continued to be given
until an election is held. The Board OF
| Directors at their first meeting following
each annual election shall elect from their
! number President, a Vice-PreSident. a
| Secretary and a Treasurer, and such other
| off DS bp nj IA
| deem necessary. The Board shall have
| power. in its discretion. TO unite two or
more offices, and the same to confer upon
| one person. and shall have power to fix
! the salaries of all officers and all such
other officers and employees as they deem
| necessary. The Board of Directors shall
| have power to make and establish, as well
| as alter and amend. all bylaws, rules and
, regulations necessary and proper for the
| support and management of the business
| and affairs of said corporation not incon-
| siStent with its charter. Said Board shall
also have full power and authority to Dor
row money, and through the President OF
some duly authorized agent or agents, tO
execute mortgages. issue notes. bonds OF
| other obligations, in snch amount and on
such terms as in their judgment may h
| advantageous; and generally to do all
| things reasonably necessary for the proper
| carrying on of the business of this cor
| poration. as also to issue and deliver full
paid shares of stock and bonds of obliga-
tions of this corporation. in payment OF
money borrowed, or money, labor. or ser
| vices. and property or rights actually re-
ceived by this corporation, as heretofore
set forth; and shall have power to do all
such acts and things as may be necessary
! to carry out the objects and purposes for
| which this corporation is organized.
A majority of the Directors shall con-
! stitute a quorum for the transaction OF
any business. At any meeting of the
| Board any Director absent from the meet
| ing may be represented by any other Di-
| rector, who may cast the vote of said
absent Director. according to the written
| instructions of said absent Director. The
! Board of Directors shall have the power
by vote of not less than a majority thereof
| to sell, lease. mortgage. by bond mort ga ge
| or otherwise or to pledge. any and all
| of the property, movable or immOvable
belonging to the corporation, or to receive
| in exchange therefor, money or stocks or
| bonds or other obligations of another cor
pOration. without referring to the share
may also purchase for stock in this cor
pOration or for cash or on credit, prop
! erty of any kind required for any of the
| purposes of this corporation, without au.
| thOrity of the shareholders.
Until the next general meeting to be held
under this charter on the second Tuesday
in January. 1921 or until their duly quail
fled successors are elected and installed
the Board Of Directors shall be CON-
posed of:
f. Wallace Holden. whose postoffice ad-
dress is 2209 Perdido Street, New Or
| leans, La.
Columbus Bierce, whose postoffice ad-
dress is 2209 Perdido Street. New Or
| leans, La.
Sylvan A. Gratia. whose postoffice ad-
dress is 200 Perdido Street, New Or
In