The herald. [volume] (New Orleans, La.) 1905-1953, 1911-04-27
ARTICLE V.

All the corporate powers Of this corpora
tiOn and the management ana controi OF us
affairs shall be vested in and exercised by
a board OF directors composed or FOUR STOCK
holders a majority of whom shall constf
tute quorum for the transaction OF all
business.
Said board shall be elected on the second
Monday Of January OF each year except
when such day shall fall on a legal holiday,
then, upon the next following lay day, the
stockholders shall elect board or directors
for the ensuing year, the board already In
stalled to continue to hold over until their
successors are elected and qualified. The
board OF directors, so elected. shall select
from their own number the ofhcers or the
corporation. which shall be president, a
secretary and treasurer, and shall also elect
a local general manager and a foreign gen
eral manager. Each stakeholder shall be
entitled in person or by proxy to one vote
for each share owned by him and said cleo.
ton shall be held under such rules as shall
be provided by the board OF directors. A
majority Of votes cast shall elect.
Said board shall continue In office for one
year and until their successors shall be duly
elected and qualified and no failure to elect
shall be regarded as a forfeiture or this
charter.
ANY vacancy occurring on said board shall
be filed by the remaining directors for the
unexpired term of said vacancy, and said
board shall have the right to appoint and
dismiss at pleasure such clerks and other
employees of the corporation as may be nee
essary and expedient for the proper man
agement and control Of the said business.
The first board shall consist Of Joseph
Vaccaro, president: Felix 7. Vaccaro, sec
rotary and treasurer; Luca Vaccaro, local
general manager, and Salvatore Dantoni,
foreign general manager.
ARTICLE VI.
Notice Of all meetings Of stockholders for
electing directors, or for any other purpose,
he oil In xx-rft inn nv ho ~
TO be deposited in the mail, at least ten
days before such meeting, directed to each
stakeholder at his last known address, ap-
pearing upon the books of the corpora tion,
unless such notice is waived in writing by
all the stockholders appearing as such upon
ARTICLE VII.
No stakeholder shall be liable or respon-
sible for the contracts or faults or debts
Of this corporation in any further sum than
the unpaid balance due to the corporation
on the share Of stock owned by him, nor
shall any mere informality in Organlza-
ton have the effect Of rendering this char
ter void.
ARTICLE VIM.
Whenever this corporation is dissolved,
either by limitation Of its charter or for
any other cause, its affairs and business
shall be liquidated by three commissioners
to be appointed from among the stOckhold-
missioners shall remain In ONCE until the
affairs and business OF the corporation shall
have been fully llquidated; and, in case OF
the death OF one or more OF sucn commission
ers the survivors or survivor shall continue
to act
ARTICLE TX.
This act of incorporation may be modi.
fed added to changed or amended or this
corporation may be dissolved by and with
the assent of the holders of three-fourths In
amount of its then outstanding capital
stock, given at a general meeting Of the
stockholders Of the corporation, TO be con
vened for such purposes, after ten days
prior notice to be given In one Of the daily
newspapers, published in the City Of New
Orleans. In addition to the notice Of the
stockholders as provided above.
Thus done and passed at my Office, In the
City Of New Orleans, on the day, month
and year first hereinbefore written In the
presence OF Messrs. John b. Patorno and
George Smart, competent witnesses, who
heerunto sign their names, together with
said appearers and me, Notary, after due
reading Of the whole.
Stoned Joseph saccaro, 125 shares; Luca
yaccaro, 125 shares; Felix I. Vaccaro. I25
shares. s. DAnotoni, 125 shares, per +. IT.
yaccaro. John B. Patorno, Geo. B. Smart