The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-14

J-nitad States of America. State OF Louis
lama Parish of Orleans, City OF NeW IN ~
leans. Be it known. Ihat on 'n IN ,he YEAR
day of the month of March, IN the !eni
M tbousand nine hundred ana tMent!
one and of the independence Oh IIe M, IND
states of America, the one huhure1 a
iDger a Notary Public duly COMMISSIONER
and qualified in and for the i tarlsn rosid.
leans State of Louisiana, therelh les Ho
ing and in the presence OF the
bareinafter named and undersigned, per
enoiI~ came and appeared the several IN
dividuals whose names are hcfeuhto SUI
! scribed, who declared that, avalilhs 'nr ,,nb
! selves of the laws of this state IN sun
| cases made and provided and particulars
| tct o67 of the General Assembly OIL tue
] state of Louisiana. for the year I9lt' tnes
have covenanted and do, py tnese H., IL.
| ents covenant. agree ana Dlhu 'helhse., -,
as well as such other persons as ma!
hereafter become associated with theiA, "a
| form and constitute corporauoh M
body polite in law for the obJec1s anu
purposes and under the terms anu eon
ditions following, to-wlt'
ARTICLE 1.-The name and style OF TINS
cornoration shall be Pocohontas company
inc and by said corporate name IL snal
have succession and enjoy eAlS.enoe iUl
a period of ninety nine years, uhless soV ~,
err dissolved in the manner pIoN.ueu ~
law for the Articles of this charter, AM
under said corporate name, II snail nav,
, mower and authority to contract, sue am
be sued to make and use corporaaoe Sv 90
, | the same to alter or break at fleasuLe
, ! to make all necessary rules ana reguIa
! lions for it's corporate management am
, control, and shall have and en1ey all IN
e rights, privileges and lmmuhitre TIES, mere
4 are now conferred upon or may he II,
/ after be granted to corporations Oh III
4 same kind and character.
s ARTICLE 1.-THE domicile OF TINS col
. marathon shall be- and is hereby hxed, .
y the City of New Orleans, state Q. hI Ieg,
| ell aft
K process shall be served upon the presi1ein
d or in his absence or because or lnaolnt
A. To act. upon any other officer or the col
y pOration.
l. ARTICLE III.-The objects ana pu
noses of this corporation are 10 pu! an
rs own or lease or rent pleasure Doais'
n, any kind or description, and TO use u
rs | same for their own enjoyment anu II
k social purposes; and TO lease or pus i arn
A. upon any water front upon which TO ere
l. wharyes or buildings or to rent, lease,
a. buy wharyes and buildings already bu
rs or harbor rights as may be necessary
ct serve for the use. convenience or emu
a ment of the incorporators.
n, ARTICLE Iy.-The capital stock of Il
be CORPORATION shall be five thousand Y
RS OOOOO) dollars, divided into one huh1r
RS shares 400 of the par value OF hIty ",
A. dollars each, which shall De coIlinon ST.. 10
A NAV be increased is hereby fixed at se'
nd thousand five hundred (s!'5OOoo) doila
ST. said stock shall be issued only Tor ca
Of or in payment OF prop rsnder o TO $;
ew corporation; said stock shall be 1ully p.
lie. nj the time of its issuance and thereai
is be non assessable. The corporation 81
,et, commence business and become a go
ors concern as soon as fifty (5O) per cent
rst its capitaI stock shall have been
cir scribed and fifty (50) per cent OF the st'
ted subscribed shall have been PAID IN.
of The parties to this act hereby deci
nA For
lay of shares of the capital stock OF sald {
be noration set opposite their respective
ext natures hereto, so that this act OF
of corporation shall serve as the orig
Gle subscription.
ion Eustis one of the subscribers
the tho fifty shares of the capital stock OF
no corporation in payment of SAID suDsc
eth tion has conveyed, transferred, SET
by and delivered to the corporation, py pi
ach bill Of s sna the tine Of this
All poration herein named do hereby apr
rity said launch at a valuation of twenty
one hundred (s2500) dollars. =.
iaIe The stock of the corporation shall
in transferable only when all dues 90 os
ain stock Shall have been fully PAID ana
aih dues shall be a first lien and PRIV vi
against said stock for the payment IN
IL of. No stock shall be SOLD or . irahsr Il,
ora on the books OF the cor ~ 10
two said stock be first offered to the %
her, of Directors for account Oh '1 me, 81
)ese holders, In writing, anu .e -
each allowed said board 10 acceps ,rss
last said offer, and In tine eNent Vi 49,
shall purchase said stock, then ,ne Nv the
,usi sell same on the open harAe' " '"'
In advantage.
ida ARTICLE v.-All the powers OF
took corporation shall be vested IN ana
ercised by a Board of not les tnah .
,ora- nor LhoIS .naH 70 no elected at each
tered stochho i,,;n0 AZ the corporation;
lived, uuai .hai he elected nv the shareho
ming Doau IN narson or by written proxy.
took, aiaar heing entitled to one vot
lders sanh Share NJ stock standing in his
ten % ~. haots ~ the CORPORATION.
him The first annual meeting for the
ton Of directors shall be held on TN