The herald., 1911-05-04

each year, commencing in the year 1912,
| under the supervision of three stockholders
| appointed for that purpose by the board Of
directors. Each director shall own in his
| own name or in that of a firm whereof he
may be a member, at least five shares Of
the capital stock of said corporation during
his term of Office
Ten days previous notice in writing or
| print shall be given each stockholder OF each
| election or meeting OF stockholders, TO be
delivered unto each person or sent through
| regular ordinary mail to the last known
| post ONCE address of any stOckholder.
At all elections or meetings each stock
holder shall be entitled to one vote, to be
cast by the owner, either In person or by
proxy, for each share of stock owned by
| him or by firm OF which he is a member.
and majority of the votes cast shall elect
and decide. Three directors shall consti-
| tute quorum for the transaction of bust
| ness and the board OF directors may make
and adopt or change and amend at their
pleasure all such bylaws, rules and regula-
| tlOns as they may from time to time deem
necessary for the conduct and management
OF said business and moreover shall have
| full power and authority to contract debts.
| borrow money, issue notes, bonds and other
obligations and authorize issuance thereof
in the name of and on behalf OF said cor
poratlon and secure payment of same by
| mortgage or pledge OF its property. Any
vacancy occurring in the board Of directors
| from any cause shall be filled by the re-
| naming directors, but any such directors
elected to I'LL vacancy shall possess in his
which he is a member, the hereinbefOre
mentioned shares Of capital stock of said
corporation.
At their first meeting following each an
| nual election the board Of directors shall
elect one of their number to be president
one TO be vice-preSident and another to be
treasurer OF said corporation. failure TO
elect directors on the date specified shall
not dissolve this corporation but the direc-
tors and officers thereof then in office shall
continue to act as such and cause the elec-
tn hA ha1A II I, Il
thereafter upon notice to stockholders as
above prescribed. In case of absence of
any director from the city Of New Orleans
| or in case of sickness or other disability OF
said director. he shall have the right to
name and appoint in writing any other
stockholder having the aforementioned mum.
ber OF shares or qualifications concerning
stock. 10 act for and represent him in said
representative capacity as director dur
ing his absence or sickness or disability.
MesSrS: John s. De Ben, Carl Schneider
Adam l.. Rau, with the said John s De
. Ben as president, Carl Schneider as vice
president, and George A. Watson as treas
urer, have been chosen and selected as the
first board of directors and officers OF thi,
corporation, to remain and serve as such
until the third Tuesday in March, 1912, oil
until their successors are duly elected.
ARTICLE V.
No stockholder shall ever be held liabl,
1 or responsible for contracts or faults o.
: this corporation in any further sum thar
= the unpaid balance due on the shares o.
; stock owned or held by him or his firm
therein, nor shall any mere informality II
organization have the effect OF rendering
this charter null or of exposing a stock
, holder TO any liabilities beyond the aInOun
. OF his stock.
ARTICLE VI.
This act of Incorporation may be chang
p1 tnH IaI nil 81
q assent Of three -fOurths in amount of tn
: capital stock OF this corporation may b
dissolved by vote of three-fOurths Of tn
said stock present or represented at an
, general meeting of the stockholders he'll
. and convened for such purpose after te
days prior notice in print or writing shal
= have been given or delivered unto eac
. stOckholder or sent him by mail to his las
known post office address. At the eXpira
A tion OF this charter or the earlier dissolu
y tion Of this corporation its business and al
- fairs shall be settled and liquidated b
three commissioners to be selected an
chosen for that purpose by and frOT
: amongst the stockholders at a meeting hel
or called and convened for that purpOs
y upon notice to them in the manner afort
Z said.
The said commissioners shall remain
:. office and be vested with full power an
: authority TO dispose OF and sell any and
assets Of this corporation, both real an
personal, and convey full and complete It'll
,. thertO and otherwise do and perform all an
It'Cls at VI lhIuS utttSSdIy TcQuiSll
In the liquidation of said corporations bus
ness, and In the event Of the death, resi-
9 nation or inability Of any of the said con
!, missiOners to act. the survivor or survivor
:, Of them shall continue to act and eXercis
- all powers and authority granted by la
~ unto liuuidators
I! Thus done and passed in my Office in Ne
: Orleans in the presence Of Anna E Care
and Peter X. Ferrera, competent witness
Of lawful age, both OF this city, who her
unto sign their names together with sal
appearers and me, notary, on the day an
D. date aforesaid.
r Names Of signers.) No shares.
L Witnesses
D. ANNA f. CAREY.
PETER X. FERRERA.