The herald., 1922-12-21
CHARTER OF NEW ORLEANS INDUS
TRIAL CANAL LAND AND HAIR
BOR DEVELOPMENT CO., INC.

United States of America, State of Lou
isiana, Parish Of Orleans, City Of New
Orleans. BE il known, that on this 18th
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 j. 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 hereunt0
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 1.-The name Of this corpo-
ration shall be New Orleans Industrial
Canal and Harbor Development Co, Inc.
and under its corporate name 1t shall
have power and authority to have and
enjoy corporate existence for a 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
break the same at pleasure; to purchase,
receive, lease, hold or otherwise acquire
and convey as well as mortgage and by
pothecate under its corporate name, prop.
erty, real. personal and mixed, corporal
and Incorporate; to borrow money and to
make and issue bonds and other evidence
Of Indebtedness, and IL desired, to secure
the same by mortgage and otherwise; to
hAvA aNn L.. ofh foa
incident to the objects and purposes OF
the expansion Of the business interest OF
the corporation; to name. elect and APP
point such managers agents. directors
and officers, as the interest and conven-
fence Of said corporation may require
and to make and establish as well as alter
and amend at plesure such bylaws, rules
and regulations for its proper government
as may be 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
poration 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-
poses for which this corporation is es'
tablished and the nature Of the business
to be 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
constructions, and In connection therewitr
/ .asx al m
dredging machinery, boats, barges and
vessels and floating equipment OF al
kinds; to lay out, develop and handle vii
| lage sites, town sites and manufacturing
| sites and to a general contracting busi-
ness: to buy, sell or otherwise acquire oil
| ALLEVIATE, cucumber or hypothecate stocks
| bonds. rights, certificates, obligations
chooses in action, and securities OF al
kinds, corporate or otherwise, to exchang'
Its entire capital stock or any part there
of for property which 1t is authorized tt
acquire; to exchange its entire assets ant
| business or any part thereof for property
stocks or other obligations of other com
panies, firms or individuals; to carry OF
| all operations and to do all things Incl
dental to or convenient for the accom-
| pIishment of any of the foregoing pur
poses.
corporation is hereby fixed at the sum o.
one hundred thousand $10O,0O0) dollars
and shall be divided into and represented
i by one thou sand shares Of the par value
| Of one hundred ($100.O0) dollars each.
| The said stock shall be paid for in labol
| done or money or property actually re
ceived as provided by law. and in such
manner and at such times and In sucf
installments as may be prescribed by thu
board of directors.
This corporation shall become coins
| concern and shall be authorized to com
mence business when fifty thousand $50,
OOO) dollars stock has been subscribed for
Tho corporation may hereafter by ap
propriate action Of Its stockholders tssu'
preferred or other classes Of stock to b
disposed of and redeemed upon such con
ditions, and having such rights and priv
/ leges as may be determined by the stock
holders when authorizing such issue.
| ARTICLE v-The capital stock OF TIL
corporation may be increased up to tn
sum Of Ave million 5000 .000,00) dollar
by q two-third vote Of all the stock at
special meeting called for that purpos
or at q regular annual meeting OF tn
corporation, and any such increase ma.
be made in whole or part in one or NOR
| classes Of stock.
l ARTICLE vI-The stock Of this cor
poration can be transferred only on tn
books OF the corporation and subject :
such regulations and formaltties ~ ma