The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-29
CHARTER.

erty and particularly tar, oil, turpentine,
pine oil, rosin, rOsin oil, compounds and
other naval stores and by-prOducts, char
coal, wood, timber, wood pulp, straw
board and other fibre: any and all kinds
OF paper and any and all ingredients.
products and compounds of any of the
foregoing substances or materials and
any and all machinery. materials and arl-
cles that may be now or hereafter used
or acquired in or in connection with the
manufacture or handling thereof
Section .. To acquire. rent, construct,
equip, improve. operate, manage, work
and develop woodlands, wood, timber,
trees. factories, kiln reduction. plants.
shops. mills, camps. stores, depOts, sell
ing agencies and all necessary real cS-
tate buildings, structures. machinery.
tools, implements and appliances neces-s
sary aud proper for the manufacture,
production, disposition and sale OF any
of said articles.
Section 8 To apply for, purchase or
otherwise acquire and use, operate, sell
assign. transfer and otherwise dispose of.
processes. formulas. patents, licenses and
other rights in any and all inventions or
improvements, whether secured or not.
under letters patent. domestic or foreign.
Section l. To survey, subdivide. 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 may be needful or desirable in and
about the improvement and development
| thereof for any purpose; to plant. 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 kinds. and generally
! to engage in the business of planter.
Section :. To construct purchase. LEASE
| or otherwise acquire and own. maintair
and operate, steamboats,, sailing vessels
a L.
wharves and such lines of tramway OF
railway as may be convenient. necessary
or incidental to any business or enter
prise of the corporation. with all neceS
sary side-tracks. locomotives. ears. depots
round houses and other equipment neces
sary TO the operation of said vessels
piers. docks. wharves, tramwayS or rail
ways and the traffic thereon; provided
that this corporation shall not. withOu
an amendment of this charter. he com
mon carrier or have the right to eNerciS
the power Of eminent domain.
Section q. To enter into, make. per
form and carry out contracts of ever,
kind not contrary to law, with any per
son, firm. association or corporation. AM
generally To carry on any other bushes
which under the law il may be entitled
to carry on. which may seem to the cor
pOratiOn to be calculated. directly or in
directly, to effect the aforesaid object
| and purposes. or either of them, or 4
| facilitate il in the transaction OF II
aforesaid business or businesses or an
, part thereof. in the transaction of an
| other lawful business that may be calcu
lated, directly or indirectly, to enhanc
the value of or TO render profitable an
| of the corporations property and right'
and generally to hold and exercise a
such incidental powers and privileges an
to do and perform all things as relat
Z to the objects and purposes hereinabOV
set forth or rs may be needful. necessary
proper useful or convenient for efectin
said objects and purposes. or either {
them.
ARTICLE Iy-The authorized capt.;
stock of this corporation is hereby ixe
at and declared to he the sum Of Seventy
five Thousand Dollars $50. OOO.O0D whic
! capital stock may be increased in Il
manner provided by law TO the sum
Two Hundred Fifty Thousand Dollar
$3.50, 0O0O0).
The presently authorized capital StO'
of this corporation shall consist of So
enty-fye hundred shares (I500) of q
par value of Ten Dollars $4,000 eacl
it shall be represented by certificate. Sha
be full paid and non a>SeSsable wh'
issued shall be issued only for lab
Nj done or for property actually receive
: or for cash to be paid at such times al
in such amounts and after such mott
as may be determined by the Board
Directors, and shall be personal pro
erty. No transfer of said capital sto
shall be binding upon this corporate
unless made in accordance with its cha
ter and bylaws. and recorded ON t
books thereof.
ARTICLE V--AIl the corporate powe
of this corporation shall be vested in al
| exercised by a board of nOt less tn
five (5) and not more than eleven II
| directors. each of whom shall hold IN !
own name at least one share of the stO
ion Sai nf
rectors shall be elected annually on I
| second Tuesday in January of each We
beginning with 1922, unless such d
should fall on a legal holiday: and
that event on the next succeeding d
which is not a legal holiday. All su
elections shall be by ballot at the off
of this corporation under the supervise
of three commissioners to be appoint
by the Board of Directors. and In I
absence of any commissioner the pre-
dent shall have the power TO NIL the pla
by appointment. OF all such elections,
we'll as of all meetingf, of stockholde
except for the purpose of liquidation
dissolution or as otherwise required
law, fifteen days notice SHAH be CIV
by mailing to each stakeholder who
pears as such on the books of this C
poration at his last designated adore
or care of general delivery at New
leans IL he has not designated an adore
a notice stating the time and place OF
meeting. Each stakeholder snail De
titled to one vote for each share OF SIC
standing in his name on the books
this corporation, to be cast in person
by proxy, and a majority of the vo
cast shall elect and the stockhold
shall elect at such meeting any NUM-
- of directors as they see fit within
limits fixed by this charter. Failure
elect directors on the day above speclI
shall not dissolve this corporation, !
the directors then in Office shall rem
in Office until their successors are cleo
- / and qualified Due notice of another el
4 ton shall forth with be given as ao'
provided for and such notices or ell
ton shall be continued to be given III
an election Is had.
ARTICLE Wat its first meeting e'
hoard of directors shall elect from
membership president, one or m
Vice Presidents, who. without hume
designation shall rank in the order
which they are elected. a secretary
a treasurer, and shall, from time TO q
as it sees fit, appoint or employ $
1 other employee as it shall deem nee
sarv The Board of Directors shall h
full power and authority to NIX the
. aries of all officers and or all such OF
employees as 1t may deem necessary
to make and establish. as well as 10 a
and amend all bylaws, rules ana re
lations necessary and proper Tor the
duct and management OF the business
affairs of this corporation not lncon
tent with this charter; ii shall also
full power and authority to do all
and things reasonably necessary Ior
h. htNct IN