The herald., 1911-10-19
ARTICLE II.

The domicile Of said corporation shall b,
in the city OF New Orleans All citation.
and other legal process shall be served upo1
the president of said corporation and IL
| case OF his absence upon the ce-president
| and in case OF his absence upon the secre
| tary treasurer thereof.
ARTICLE III.
The objects and purposes for which thi.
corporation is established and the nature
OF the business TO be carried on by 1t are
hereby declared and specified to be, to carry
! OIL general business for the purchase, sale
and dealing In horses, mules and other live
stock; to conduct and carry on stables fol
the feeding, boarding and handling OF live
STOCK, and TO conduct and carry on an ex
| change where horses, mules and live stock
may be sold at public or private sale; and
generally to hold and exercise all such incl
dental powers and privileges as relate to
the objects herelnbefore set forth.
All OF the above corporate functions NAV
be performed both in the state Of Louisiana,
and in any Of the other states Of this Union.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at the sum of five thousand dol.
iars (s5,OOO.OO), to be represented by fifty
loO) shares OF stock Of the par value OF
one hundred dollars (s1O0.0O) each, all of
which said stock shall be subscribed for aft
the time OF the organization Of this COM
pany and shall be paid for in cash before
any OF the said stock shall be issued.
ARTICLE v.
Transfers of stock shall be made only on
the books OF the company, subject to such
regulations and formalties as the board of
directors may prescribe
1t Is hereby declared to be a fundamental
condition attached to the stock of this cor
poration, which shall be expressed on the
race OF the stock certificates that every
holder thereof shall, before he sells his stock
70 any other person than an existing stock
MOI holder OF the company, offer the stock to
the existing stockholders at the price at
which he Is offered therefor by any person
not a stakeholder, and no transfer of stock
snail be made on the books Of the company
untli PROOF Is administered that this condi-
tion has been complied with.
ARTICLE vi.
=, All the corporate, powers Of said corpora
tIon snal De vested in, and all Its business
ana anairs managed and directed by a boar
OF three directors, who shall be elected an
nualiy at stockholders meeting to be held
On the nrst Monday of September in each
year, commencing with the first Monday In
september, 1912. Each subscriber shall be
entitled TO one vote for each share of stock
standing In his name, to be cast In person
o or Oy proxy; and majority Of the votes
cast shall elect. The directors shall hold
once for the term Of one year, and until
their successors shall have been elected and
| qualihed. The directors shall elect a presi.
uent, Vlce-president, who shall be general
manager, and a secretary-treasurere from
among their number. In case of a vacancy
occurring on the board from death, resigna.
I I,on or otherwise, the remaining directors
tion. The board OF directors shall have
power TO make and establish all necessary
rules and bylaws for the government OF
saIu corporation to regulate the transfer of
hn =.
installments Of the stock Subscription n
appoint all such other employees, clerks
agents, overseers and representatives,. as in
c cnnir Judgment may be necessary for the
CONDUCT or the business OF the corporation
ana to M their compensation. They shall
nave the right to discharge or release snv
employee at pleasure. The duties of the
various ohcers shall be fixed by the bylaws
OF the company.
ARTICLE VII
r, The following named persons. to-wit. n
H. MCGEE, Frank McHenry and Clar
McC. Hopkins, with the said Fl. Fl. McGee
as president, Frank McHenry as yice-presi.
1 1ent ana general manager. and Clarence
be and are hereby constituted the arst hn snail ~
OF directors and officers of said corpora tion
ana snail hold their Offices until fha frst
MONDAY In September, 1912 or until tbair
s AUG shall have been elected and quail.
ARTICLE VIII.
whenever this corporation Is disso,vad
euner oy limitation or otherwise. ITS afYaics
snali De liquidated by three Iiouida tors 20
De elected BY the stockholders at a eenersi
meeting convened In accordance WITH A.
eicie TX OF this charter. The said lionidat.
ors snail remain In Office until after fba 90
f',,Is o., or said corporation shall have been
30 ~ Iiqu,dated. In the event Of the death
OF any or said liquidators, or of a yacsncn
o ottSSarring among said liquidators from any
otner cause, the said vacancy shall ~ oncs
be filled by the two remaining iiauidator once
ARTICLE TX.
his act OF Incorporation may be chanved
sItesed or amended, or said Corporation nav
pc dissolved by vote of three-fourtbs n
! anount or the capital stock represented at
general meeting OF the stockbolders con
zen after thirty, (3ol days previous no.
~ In OF sucn meeting shall have been pub.
issned In one Of the daily Newspapers IN ~
'ity OF New Orleans III the
any changes proposed or made IN rese-.
nee 20 the capital stock shall be maie n
accordance with the laws Of the state Of