The herald. [volume] (New Orleans, La.) 1905-1953, 1911-02-16
ARTICLE vi.

The business and affairs and corporate
powers of this corporation shall be trans
acted by a board OF three directors, TO be
composed Of stockholders thereof, and they
and each Of them shall be elected by a
majority Of all the votes cast at a meeting
to be held for that purpose.
As soon after the execution of this char
ter as practicable, the subscribers hereto
compose the first Board Of Directors of this
corporation and they shall hold Office until
the third Monday In January, 1912, or until
their successors are elected and qualified !;
each subsequent board shall take their seats
Immediately following their election, or as
soon thereafter as practicable, and shall
hold their Office until their successors shall
have been elected and qualified
On the third Monday in January, 1912,
and annually thereafter, an election for
directors by the stockholders shall be held
at the office OF the company, after ten days
previous notice OF such meeting shalr have
been given by advertisement appearing three
times in ten days in one Of the daily Eng
fish newspapers published In the City OF
New Orleans the first advertisement ap-
pearing not less than ten days prior to the
meeting and the last advertisement appear
ing on the day Of the meeting.
Every Board OF Directors shall at its
first meeting after It's election, or as soon
thereafter as practicable, elect President,
a Vice-President and Secretary from their
own number.
A failure to elect directors on the date
poratlon, but the then existing Board of
Directors shall continue to hold their Of
fees, and another election shall be held
as soon thereafter as practicable at time
TO be fixed by the Board Of Directors then
in Office, whereof five days prior notice shall
be given In the manner above provided,
which said notices shall be full and COM
plete notice to all stockholders of such
meeting.
In the event no election takes place at
the second meeting, the board then in Of
fee shall hold over until the next annual
meeting or until their successors are duly
majority of said Board Of Directors
shall constitute q quorum for the transac-
tion and management OF all business On said
corporation.
ANY director may at any time give his
proxy or power Of attorney In writing to
any other stakeholder, or any other mem
bers of the Board OF Directors, TO repre- |
sent him at any or all meetings OF the
Board Of Directors, and In such cases the
proxy whether held by another stakeholder
or another director, shall In every respect
count for all purposes as II SAID director
Any vacancy occurring In said Board OF
Directors from any cause, shall be filled
by the remaining directors.
The Board Of Directors may make sucn
bylaws. rules aud regulations as they may
think proper for the transaction OF the
business and affairs Of said corporation, and
change, alter and amend the same at pleas.
ure and shall exercise all the powers OF
this corporation or may delegate the same
to one or more officers at Its pleasure, ap-
point and fix the salaries OF all omcers,
Clerks and employees, not herein mentioned,
he same to change or dismiss at pleasure
az the salaries Of the officers provided for
herein; sell, convey, mortgage, pledge,
ease and purchase rights, privileges, iran,
,hises, property movable immovable and
PERSONAL: borrow money, issue notes and
,onds make contracts and sign or cause TO
,e signed by officers or directors specially
n generally authorized by the Board Of Di-
,ectors all necessary acts. deeds, etc., and
ldcpt a corporate seal, the same to change
,r alter or dispense with at pleasure and
o do all things which may be necessary 70
W done In the management Of said bust
less and permitted by the laws applicable
% corporations.