The herald., 1922-04-06

/ ana privileges now granted may
| be hereafter granted by law to corpora
| tiOns of this character, including the right
especially to hold, receive, purchase, allea-
| ate. convey, sell, mortgage, pledge, ny
pothecate. rent or lease property, real
| personal and miNed-in fact, to have all
! such rights and powers as permitted I'M
| der the law, and as are necessary, Incl
I dental or convenient for carrying out the
I 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-
! tIoHs or other legal process shall be served
In the manner as is now or may be here
after prescribed by law.
ARTICLE III-The objects and pur-
poses and the nature of the business TO
he carried on by this corporation are
hereby declared to be:
(aD To subscribe for purchase. invest
ill., hold. own, assign. pledge and other
wise dispose of shares of capital, con
. tracts and evidences of Indebtedness OF
corporations, both public and private, of
the state of Louisiana. or of any other
state or country, and irrespective of the
business in which that corporation is en-
gagged 20 exercise in respect of any such
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
part of the property of he company, ana
L. 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 ut any time held by said
company;
(bD Said corporation shall be and is
hereby authorized to purchase, acquire.
hold and dispose of the stock. bonds and
other evidences of Indebtedness of any cor
pOratiOn. domestic or foreign, and issue
in N.ha "a hnnnS
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, in
the State of Louisiana or elsewhere; and
especially to exercise such privileges and
powers with respect to timber lands;
Id To rent, maintain and construct
alter. repair and improve houses and
buildings;
(e) To collect rents, and in general to
manage real estate; to make loans on real
property, improved or unlmproyed, and
building loans: to buy and sell bonds,
and mortgages upon real estate, within
and without the state of Louisiana; to
issue bonds or guarantees for the per-
Torrance of any obligation undertaken
by said company; to receive property of
every nature or kind by donation or
otherwise; and to donate and otherwise
dispose of its property;
% To buy, sell. lease, own and oper-
ate saw mills, panings 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 1t shall not
have the power of eminent dOmain) and
to trade and deal in and with building
materials of any kind or nature, includ
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 so
grown and manufactured. and in general
to deal in such products either as the
grower or manufacturer thereof or as
dealer therein in the open market
(h) To own and operate stores, CON-
missaries, or do general merchandising
business; and said corporation is es-
pecially authorized to conduct its said
business In the State Of Louisiana. or any
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 or
hereafter may be authorized by law.
ARTICLE Iv-The capital stock of this
corporation Is hereby fixed at the sum of
three hundred and seventy-hve thousand
dollars (S315,O0O) divided into and
represented by three thousand, seven
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
StateNof Louisiana. there is attached here
TO, and made a 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.
full paid and worcestershire. The capital
stock of this corporation may be increased
to one million dollars Isl ZOO. OOO.OO) by a
vote of two-thirds q ~ of all the CAPT
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 a vote of three fourths
g A. 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
have the right to sell his said stock or
pledge ~ hypothecate same without first
having Ol.ered 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 its mar
ket value or to receive the same in pledge
as may be desired by the holder.
ARTICLE VI-All the corporate powers
conferred upon the president shall be
vested in and exercised by board of d.
rectOrs to be composed of not less than
three 90 Dor more. than five 90 stock
holders.
The following named stockholders. with
their addresses here given. shall consti-
tute the first board of directors: Edward
leans, Louisiana; Charles W. Ziegler Jr,
l322 State Street, New Orleans, Louis
lana albert ]. Derbes. 81 Morgan Boule-
ward. New Orleans, Louisiana.
The directors here named and the party
here nominated, constituted and appoint
ed TO NIL the office as president of the cor
poration, shall serve In such capacities
until the second Tuesday of June, 1922,
at which time and annually thereafter on
the second Tuesday NJ Iuna funtass tho.