The herald., 1922-12-14
CHARTER OF NEW ORLEANS INDUS
TRIAL CANAL LAND AND HAIR
BOR development CO. INC

United states or america, state or LOU
isiana Parish of Orleans, City of New
Orleans. Be it known. that on this 10Th
day of the month of October, in the year
of our Lord one thousand nine hundred
and twenty-five, and of the Independence
of the United States of America, the one
hundred and forty seventh. before me,
William ]. Guste. notary public, duly
commissioned and qualified, in and for
the Parish of Orleans. State of Louisiana,
therein residing, and in the presence of
the witnesses whose names are hereunto
subscribed, personally came and appeared
the several persons whose names are here
unto subscribed, all of full age, who
severally declared to me. notary, that
availing themselves of the laws Of this
state relative to the organization of corpo-
rations. they have covenanted and agreed
and by these presents do covenant and
agree and bind themselves as well as all
such other persons who may hereafter be-
come associated with them to form a cor
poration for the objects and purposes and
under the articles and stipulations fol-
lowing. which they hereby adopt as their
charter. to-wit:
ARTICLE THE name of this corpo
Canal and Harbor Development Co, Inc.
and under its corporate name ii shall
have power and authority to have and
enjoy corporate existence for period OF
ninety nine years from date hereof, I'M
less sooner dissolved by liquidation or
otherwise. 1t shall have power to con-
tract, to sue and be sued: to make and
use a corporate seal and to alter and
break the same at pleasure; to purchase,
receive, lease. hold or otherwise acquire
and convey as well as mortgage and hy-
pothecate under its corporate name. prop
erty, real. personal and mixed, corporal
make and issue bonds and other evidence
Of Indebtedness, and IL desired, to secure
the same by mortgage and otherwise: to
buy and hold stock in other companies
ipcidauf n tho ahiQpfS and
the expansion Of the business interest OF
the corporation; to name. elect and ap-
point such managers agents. directors
and officers. as the interest and conven-
and to make and establish as well as alter
and amend at plesure such bylaws. rules
and regulations for its proper government
as may he deemed necessary and proper,
and generally to do any and all things
Incident to or necessary and proper for
the interest Of the business of the cor
poration.
ARTICLE 1.-THE domicile Of this cor
noration shall be in the City Of New Or
leans in the State of Louisiana. and all
citations and other legal process shall be
served upon the president of the corpora
ton. and in the event Of his absence upon
the secretary.
ARTICLE III-The objects and pur-
tablished and the nature Of the business
to he carried on by II are hereby declared
to be to buy, sell and otherwise acquire,
hypothecate cucumber, lease and ALLEVIATE
property Of all kinds, real. personal and
mixed, either as owner. trustee. principal.
agent or broker. reclaim. develop, exploit,
advertise. drain. irrigate and otherwise
handle, use or develop real estate and in
terests Of all kinds therein: to construct.
utilize. own and operate drainage and
navigation canals. channels. or similar
constructors and in connection Herewith
TO own, operate and maintain pumps.
a 6utn
vessels and floating equipment Of all
kinds: to lay out, develop and handle vii
lage sites, town sites and manufacturing
sites and to a general contracting bust
ness: to buy, sell or otherwise acquire or
ALLEVIATE, cucumber or hypothecate stocks,
bonds. rights. certificates. obligations.
chooses in action, and securities Of all
kinds. corporate or otherwise. to exchange
It's entire capital stock or any part there
Of for property which 1t IL authorized to
acquire: to exchange its entire assets and
business or any part thereof for property,
stocks or other obligations Of other COM
all operations and to do all things Incl
dental to or convenient for the accom-
plishment Of any Of the foregoing pur-
poses.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum OF
one hundred thousand ($100000) dollars.
and shall be divided into and represented
bv one thousand shares of the par value
OF one hundred t$1OUD d0liars eacn
The said stock shall be paid for in labor
done or money or property actually re-
ceived as provided by law. and in such
manner and at such times and in such
installments as may be prescribed by the
board Of directors.
This corporation shall become a going
concern and shall be authorized to COM
mence business when fifty thousand ESQ.,
000l dollars stock has been subscribed for.
Tho corporation may hereafter by aP-
propriate action Of its stockholders Issue
preferred or other classes Of stock to be
disposed Of and redeemed upon such con-
ditions, and having such rights and privi-
leRes as may be determined by the stock
holders when authorizing such issue.
ARTICLE v-The capital stock Of this
corporation may be increased up to the
sam Of i've million $500. 000,o0) dollars
by a two-third vote Of all the stock at q
special meeting called for that purpose
or at q regular annual meeting Of the
corporation, and any such Increase may
be made in whole or part in one or more
classes Of stock.
ARTICLE vI-The stock Of this COR
poration can be transferred only on the
books Of the corporation and subject to
such regulations and formalities ~ may
be BY the board Of directors from time
to time prescribed.
ARTICLE vII-An the powers Of this