The herald., 1922-03-30
CHARTER.

| law: and by and under that name ii shall
have enjoy and exercise all rights, powers
| and privileges now granted or that may
| he hereafter granted by law to corpora
/ tiOns of this character, including the right
| especially to hold, receive, purchase, aliea
| ate. convey, sell, mortgage, pledge, ny
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 the
| 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 eta,
| tons 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 Ia
! he carried on by this corporation are
/ hereby declared to be:
(a) To subscribe for, purchase. invest
| in. 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 securi-
| 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 any
| part of the property of the company, and
! 10 sell 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 said
company;
OBJ 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 exchange therefor its stock. bonds or
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 unimprOved, in
the State of Louisiana or elsewhere: and
especially to exercise such privileges and
! powers with respect to timber lands;
I'D 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 unimproved, and
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. planings mills, railroads,
steamboats, and barges, and to do and
oil astS nd IN
carry on the business of operating such
saw mills, planning mills, railroads. steam
boats and barges provided it 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 a
dealer therein in the open market.
Oh To own and operate stores. COM
missaries, or do a general merchandising
business; and said corporation lis es-
pecially authorized to conduct it's said
business in the State Of Louisiana. or any
other state, and open branch offices at
such place or places within or without the
state as may be desired necessary;
In fact. said corporation is authorized
to do any and all other acts and things
and to exercise any and all other powers
winch any corporation or a natural person
could do and exercise and which now or
hereafter may be authorized by law.
Il, tn
corporation is hereby fixed at the sum of
three hundred and seyenty-fve thousand
dollars ($375,0O0 divided into and
represented by three thousand, seven
hundred and fifty (3.750) shares of the
par value of one hundred dollars (s1OO.OO)
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 Jaws of the
State of 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.
All the shares of stock shall be
full paid and worcestershire The capital
stock Of this corporation may be Increased
10 one million dollars Isl, 900 OOOO0) by a
vote or two-thirds q 81 of all the capt.
tai stock OF said company at a meeting
or 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
q ~ 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
TINS 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
tion snail be authorized to deal only with
the person in whose name the stock stands
on the books of said company.
NO stockholder of this corporation shall
nave the right to sell his said stock or
pledge or hypothecate same without first
having onered II to the board of direc-
tors OF this corporation, and given said
board OF directors five (5) DAYS within
winch to purchase said stock at its mar. |
as may be desired by the holder.
ARTICLE Wall the corporate powers
OF this corporation, except those herein |
conferred upon the president shall be |
vested In and exercised by a board of d. |
rectors TO be composed Of not less than
three CD nor more than five (5) stock |
The following named stockholders. with
their addresses here given, shall consti-
tute the first board of directors: Edward
U. Swartz. 2236 Prytania Street New Or
leans, Louisiana; Charles W. Ziegler, Jr.,
i522 state Street New Orleans Louis
ANA albert j. Derbes. 81 Morgan Boule-
fard. New Orleans. Louisiana
The directors here named and the party
here nominated, constituted and appoint
a to NIL the office as president of the cor