The herald., 1922-03-23
CHARTER.

less sooner dissolved by or according e
law: and by and under that name II shai
nave, enjoy and exercise all rights, powers
and privileges now granted or that ma!
be hereafter granted by law to corpora
| tons of this character, including the rlgh
| especially to hold, receive, purchase, allea
ate, convey, sell, mortgage, pledge n!
pOthecate, rent or lease property, real
personal and miXed-in fact, to have al
such rights and powers as permitted un
der the law, and as are necessary, Incl
dental or convenient for carrying out TN
objects and purposes OF said corporation
as herein established.
ARTICLE 1.-THE dOmicile of this cor
poration shall be in the City of New Or
leans State of Louisiana, where all cita
tons or other legal process shall be served
in the manner as Is now or may be mere
after prescribed by law.
ARTICLE III-The objects and pur
poses and the nature of the business t
he carried on by this corporation arr
hereby declared TO be:
(al To subscribe for. purchase. inves
in, hold. own, assign, pledge and other
wise dispose of shares of capital, con
tracts and evidences of indebtedness o
corporations, both public and private, Of
the State of Louisiana. or of any othel
state or country. and irrespective OF th'
business in which that corporation Is en-
gagged to exercise in respect OF any sucl
shares of stock. bonds and other securl
ties of corporations. any and all rights
powers and privileges of individual owner
ship. including the right TO vote, to issue
bonds and other obligations, and secure
the same by pledging the whole or an!
part of the property of the company, and
To sell or pledge such bonds or Other
obligations and to do any and all things
and acts tending to increase the value OF
the property at any time held by salu
company;
(b) Said corporation shall be and l.
hold and dispose of the stock, bonds and
other evidences of Indebtedness of any cor
pOratiOn, domestic or foreign. and issue
in exchange therefor its stock. bonds oil
other obligations, or TO acquire, purchase
hold and dispose of the stock, bonds and
other evidences of Indebtedness of any
corporation. domestic or foreign. by out
right purchase with the funds of this com
pOration;
(c) To buy or otherwise acquire. sell
hold own, use. manage, improve. main
tain, develop, rent, mortgage or transfer
real estate; to trade in and deal with real
property. improved and unimprOyed, IL
the State of Louisiana or elsewhere; and
especially to exercise such privileges and
powers with respect to timber lands;
Cd To rent, maintain and construct
alter. repair and improve houses and
buildings;
(e) To collect rents, and in general tC
manage real estate; to make loans on real
property, improved or unimproved, and
building loans; to buy and sell bonds
and mortgages upon real estate, within
and without the state of Louisiana; 10
issue bonds or guarantees for the per
Torrance of any obligation undertaken
by said company; to receive property oil
every nature or kind by donation OF
otherwise; and TO donate and otherwise
dispose of its property;
81 To buy. sell, lease, own and Oper-
ate saw mills, planings mills, railroads,
steamboats, and barges. and to do and
perform all acts and things necessary to
carry on the business of operating such
saw mills, planning mills. railroads, steam
boats and barges provided IL shall not
have the power of eminent domain) and
to trade and deal in and with building
ing all material, supplies or other articles
necessary or convenient in connection
with or in carrying on the business OF
manufacturing, owning, selling and dis
posing of said material;
(g) To buy, sell, own and operate lands,
clear, drain and reclaim same and to
grow sugar cane, corn, rice, cotton and
other products suitable to the soil OF
Louisiana and to buy and sell sugar, mo-
lasses. cotton, rice and other products sc
grown and manufactured. and in general
to deal in such products either as the
grower or manufacturer thereof or as q
dealer therein In the open market.
(h) To own and operate stores, com
missaries, or do a general merchandising
business; and said corporation is es-
pecially authorized to conduct its said
business in the State of Louisiana, or any
other state, and open branch offices al
such place or places within or without the
state as may be desired or necessary;
In fact, said corporation is authorized
to do any and all other acts and things
and to exercise any and all other powers
which any corporation or a natural person
could do and exercise and which now OF
hereafter may be authorized by law.
ARTICLE Iy-The capital stock Of this
corporation is hereby fixed at the sum OF
three hundred and seventy five thousand
dollars (s375,O 1000 divided into and
represented by three thousand. seven
hundred and fifty (3,75O) shares of the
par value of one hundred dollars (s100.O0)
each the same to be issued in the man.
ner and for the consideration prescribed
by law. In accordance with Section of
Act No. 267 of 1914. of the laws of the
State of Louisiana, there is attached here
TO. and made part of these articles of
incorporation. to be read in connection
herewith. an accurate detailed and item
lied description of the property herein
exchanged for shares of the stock of this
corporation, accompanied by an affidavit
Of the directors giving their appraisement
of said property.
All the shares of stock shall be
full paid and non assessable. The capital
stock of this corporation may be increased
to one million dollars $1,000. OO0.OO) by a
vote of two-thirds e 81 of all the capt
tai stock Of said company at a meeting
of the stockholders convened for that pur.
pose. Any increase in the capital stock
In excess of limit herein designated can
only be had upon vote of three fourths
Is AZ of the capital stock outstanding
voting for said increase. and by amend
ment OF these articles of incorporation.
ARTICLE V-NO transfer of stock OF
this corporation shall be binding upon the
company unless and until the transfer is
actually made on the books of said cor
poration In the manner required by law
Prior to any such transfer this corpora
ton shall be authorized to deal only with
the person in whose name the stock stands
on the books of said company
No stakeholder of this corporation shall
nave the right to sell his said stock or
pledge Or hypothecate same without first
having ohered Ii to the board of direc-
tors OF this corporation, and given said
board OF directors five (5) days within
which to purchase said stock at it's mar
ket value or to receive the same in pledge
as may be desired by the holder.
ARTICLE VI-All the corporate powers
OF this corporation, except those herein
conferred upon the president, shall he
vested In and exercised by a board of d.
rectors to be composed Of not less than
three t3) nor more than five (5) stock
holders.
The following named stockholders. with
their addresses here given, shall consti-
tute the first board of directors: Edward
q. Swartz, 2236 Prytania Street. New Or
leans. Louisiana; Charles W. Ziegler, Jr.,
lS22 State Street New Orleans, Louis
lana albert j. Derbes. 81 Morgan Boule-
ward. New Orleans, Louisiana.
The directors here named and the party
here nominated. constituted. and appoint
ed 10 NIL the office as president of the cor
poration, shall serve in such capacities
until the second Tuesday of June 1922