The herald., 1911-01-19
ARTICLE V.

All the corporate powers OF this corpor-
alton shall be vested in and exercised by q
Board OF Directors to be composed OF three
stockholders, who shall be elected annually
on the second Wednesday of December OF
each year by ballot OF the stockholders.
Each stakeholder shall be entitled in person,
or by written proxy to one vote or each
share OF stock owned by him, and major
ity Of the votes cast shall elect. All cleo
lions shall be held under such rules and reg
ulations as may be determined by the Board
Of Directors. and after at least ten days
notice Of such election shall have been given
TO each stakeholder by publication in one
or more of the daily newspapers published
in the City Of New Orleans. or by notice
mailed to his last known address. The d.
rectors thus elected shall continue In ONCE
for one year, or until their successors have
been duly elected and qualified. No failure
to elect shall be considered as forfeiture
Of this charter. Any vacancy occurring on
said Board shall be filed by the remaining
directors for the unexpired term. Said
Board Of Directors shall, at Its first meet
ing elect from among its number Presi-
dent. vice.Prestdent a secretary ana "a
right and power 20 combine the othce or the
Secretary and Treasurer, and may even elect
a Secretary who need not be stockholder.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
mere informality In its organization nave
the effect Of rendering this charter null, or
Of exposing a stakeholder to any further IA
bility beyond the unpaid balance due on the
shares of stock owned by MIN.
ARTICLE VII.
This act Of Incorporation may be changed,
modified or altered or this corporation may
he dissolved with the assent OF the stock
holders owning a majority OF all or the
stock OF the corporation at a general meet.
ing convened for that purpose after az ieast
ton DAYS notice of such meeting shall have
been given to each stakeholder IN the man
uer and form provided in Article OF tnis
charter. In case of the dissolution OF tnis
corporation either by expiration OF its CHAR
ter. or otherwise, its affairs shall be hqul-
dated and wound up by liquidator or COM
missioner to be elected by the STOCKHOLDERS
from among their number at the nleetin ~
which decides to liquidate. In the event OF
the death or disability Of said commissioner
the stakeholder shall elect successor.
ARTICLE VIII.
Until the election to be held In 1913, the
following named stockholders snail constr
tute the first Board OF Directors: Al1red =
Theard. Mrs r. L. Theard and Louis A.
Theard with Alfred J. Theard, as President;
Mrs r. L. Theard, as Vice-President and
Louis A. Theard, as Secretary-Tr Treasurer:
Thus done and passed at my ONCE III Ins
CITY OF New Orleans. on the day, month ana
year herein first above written, In the pres
once Of Theodore A. Beck and Anthony Troy
ami. both of this City, competent witnesses.
who have hereunto signed their names with
the SAID appearers and me, Notary aIter
due reading of the whole.
MRS. r. L. THEARD. ] shore.
L. A. THEARD, l share.
A. ]. THEARD, 80 shares.
T. A. BECK.
ANT. TROYANL. H..
I. the undersigned Recorder OF MORTGAGES;
Tnnis;ana. do hereby certify that the above
and foregoing act OF incorporation of the
TbaarS ,,rocery Company was this day. duly
recorded in my Office, in book 1ols' 1919 fo1l0
(SIgned) EMILE LEONAhp, ~ ~
A true copy from the original act.
ROBERT LEGIER, Not PUP
Dec 90 % ian 3 IL 10 1911