The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER.
and the nature of the business to be car
ried on by il are herehY declared TO be:

or with either for its own account or as
agents of others, either at wholesale or
retail, all kinds of real and personal prop
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 art-
cleS that may he 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, dep"ts. sell
ing agencies. and all necessary real Is
tate buildings. structures. machinery.
tools, implements and appliances necrS-
saTy and proper for the manufacture
production, disposition aud sale of any
of said articles.
Section 3. 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 4. 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 i'll 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 ana
deal in horses. mules. cattle, live stock
4 and poultry of all kinds. and generally
| to engage in the business of planter.
Section = To construct. purchase. lease
| or otherwise acquire and own. maintain
! and operate, steamboats,. sailing vessels.
| bargeS and other water craft. piers. docks,
wharves and such lines of tramway or
| railway as may he convenient. necessary
| or incidental to any business or enter
! prise of the corporation. with all neceS-
| sary side-trackS locomotives, cars. depots
| round horses and ether equipment neccS'
Sary To the operation of said vessels
| piers docks. wharyeS, tramwaNS or ran
! WAYS and the traffic thereon; provided
that this corporation shall not. without
| an amendment of this charter. be com
mon carrier or have the right TO exercise
| the power of eminent domain
Section 6. To enter into. make, per
form and carry out contracts of every
kind not contrary to law, with any per
/ son. firm. association or corporation. and
generally to carry on any other business
| which under the law il may be entitled
| to carry on. which may seem to the cor
| nuratlOn 10 he CHlcuIdltu. ulEt'lll VI
| directly, TO effect the aforesaid objects
| and purposes. or either Of them, or ia
| facilitate it in the transaction OF IT.
| aforesaid business or businesses or any
| part thereof. or in the transaction ~ any
| other lawful business that may be calcu-
| lated directly or indirectly. To enhance
| the value of or to render profitable any
! of the corporations property and rights
and generally to hold and exercise al
such incidental powers and privileges ano
| to do and perform all things as relate
| to the objects and purposes hereinahov'
| set forth or as may be needful. necessary
| proper, useful or convenient for ehectln-
said objects and purposes. or either o.
| them.
ARTICLE Iy-The authorized capita
| stock of this corporation il hereby hNe'
at and declared to be the sum of Seventy
five Thousand Dollars (SI5,000OO) which
CAPITAL stock may be- increased in TIL
manner provided by law To the sum o
Two Hundred Fifty Thousand bOllar
$3.50 100000.
The presently authorized capital stool
of this corporation shall consist OF sew
enty-fve hundred shares (I50OD Of tn
par value of Ten Dollars $4,000 each
it shall be represented by certificate. shall
be full paid and non aSSeSSable whel
issued. shall be issued only for labo
done or for property actually received
| or for cash to be paid at such times AM
in such amounts and after such motto
rs may be determined by the Board o
Directors. and shall be personal proI
erty No transfer of said capital Stoc
shall he binding upon this corporate
unless made in accordance with its char
ter and bylaws, and recorded on tn
books thereof.
| ARTICLE V-All the corporate power
| of this corporation shall be vested in an
exercised by a board of nor less tina
five (5) and not more than eleven III
directors, each of whom shall hold III nj
own name at least one share of the stoc
of this corporation. Said Board of ID
i rectors shall be elected annually on Tn
second Tuesday in January Of each yea
beginning with 1922, unless such ia
should fall on a legal holiday: ana l
] that event on the next succeeding da
4 which is not a legal holiday. All sue
elections shall be by ballot at the ofhc
| of this corporation under the supervise
of three commissioners to be appointe
by the Board of Directors. and in IA
| absence of any commissioner the pres
dent shall have the power to fill the plac
by appointment. OF all such elections, q
well as of all meetings of stockholder
except for the purpose of liquidation Q
dissolution or as otherwise required
law, fifteen days notice shall be give
by mailing to each stakeholder VINO AT
pears as such on the books of this col
j poration at his last designated addres
or care of general delivery at New u
| leans If he has not designated an auures
a notice stating the time and place OF III
| meeting Each stakeholder shall be ei
titled to one vote for each share or stoc
standing in his name on the books
this corporation, to be cast in person
by proxy. and a majority or the vote
cast shall elect; and the stockholdel
shall elect at such meeting any numbt
of directors as they see fit within u
limits fixed by this charter. Failure
elect directors on the day above speclhe
shall not dissolve this corporation. bl
| the directors then in Office shall RENAL
in Office until their successors are electt
|. | and qualified. Due notice of another Gle
ton shall forth with be given as abo'
provided for, and such notices OF ele
4 ton shall be continued to be given uni
an election is had
Iii ARTICLE Wat it's first meeting eat
board of directors shall elect from
membership a president, one or mo
Vice Presidents, who, without numer
designation shall rank in the order
which they are elected, secretary al
a treasurer. and shall, from time to tir
as il sees fit appoint or employ SUI
other employee as it shall deem nece
sarv. The Board of Directors shall ha
full power and authority to fix the s;
- aries of all officers and of all such otn
employees as it may deem necessary, a
to make and establish, as well as 10 all
and amend all bylaws, rules and reg
lations necessary and proper for the &C
dnct and management of the business a
affairs of this corporation not moons
tent with this charter; 1t shall also ma
do oil n