The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-03
ARTICLE VI

The business and affairs and corporate
powers of this corporation shall lee transact
ed by board of directors composed Of not
less than three directors nor more than five
directors to be- composed of stockholders Of
this corporation The stockholders may at
any annual meeting elect less than 1--WE dt-
rrrtOrs and the directors thus elected al
any annual meeting may. prior to the next
annual meeting. elect one or more add
tOnal members Of the board of directors 50
as 10 make the board Of directors not more
than five. The directors, whether elected
bv the stockholders or by the board of di-
rectorS. shall be elected by ma iority Of the
votes At "A meeting of the stockholders or Of
| the directors. as the case may be-.
| Whenever the board of directors consists
| of five members. the quorum thereof shall be
| three members. but whenever the board Of
directors consists of less than five members
| the quorum thereof shall be two members.
| T.. I. Bel as president j. l.. Many, as
| vice president. and W. /. Hall, as secretary
| trea Surcr. shalr constitute the first board of
| directors. and they shall hold office until
| the second Monday in August, 1912, or I'M
| til their successors are elected and qualihed:
| each subsequent board shall take their seats
| Immediately. or aS soon after as practicable
and shall hold their offices until their sue
c'SSorS shall have been elected and quail
! fed
| ON the second Monday in August, 1912.
and annually thereafter an election for di-
| rpctorS by the stockholders shall be held at
| the office of the company AFTER ten daNS
| written notice or printed notice shall nave
| been mailed 10 fdtu SlbIhi'i'l'l VI NN'NN ~
or 10 stock at their respective addresses ap-
pearing on the books OF the company. Every
| board Of directors shall at its first meeting
after its election. or as soon thereafter "a
| practicable elect a president, vlce-preSl
dent and a secrrtary-treaSurer from their
own number
\ failure to elect directors on the date
above specified shall not diSSolv" the corpO-
| ration but the then existing board of dl-
rrctorS shall continue TO hold their offices.
and another election shall be held As soon
thereafter as practicable At a time To be
fixed by the board of directors then in office.
whereof five days prior notice shall hc
given in the manner above provided which
said notices shall be- full and complete no
ticp to all stockholders of such meetings.
In the event no election takes place al
the second meeting. the board then in Office
. shall hold over until the next annual meet
ing or until their successors are duly elected
and qualified.
ANY director may at any time give his
proxy or power of attorney in writing IL
any other stakeholder or any other member
of the board Of directors. to represent hin
| at any or all meetings Of the board OF I'll
rectOrs. and in such cases the proxy whcth
or held by another stakeholder or ,anOthel
director. shall in every respect count Tor al
purposes as II said director were personally
| present.
ANY vacancy occurring in said board Of
directors from any cause, shall he hlled by
the remaining directors The board OF I'll
! rcctOrS NAV make such bylaws, rules anC
| regulations as they may think proper tol
| the transaction of the business and anair'
of said corporation, and change. alter ant
amend the same a pleasure. and shall eXer
else all the powers of this corporation 0l
may delegate the same 10 one or more ON
GERS at its pleasure appoint and hX I'M
9 sa laripS of all officers. clerks and employees
! not herein mentioned. the same to chang
: or dismiss at pleasure: fix the salaries o
, the officers provided for herein: sell. con
. vey. mortgage, pledge, lease and pnrchas
;. rights privileges. franchises. property. NOV
Z able immovabe and personal: borrow mo
ney. issue notes and bonds; make contract
!. and sign or cause to be signed by omcers o
= directors specially or generally authorize
: bv the board of directors. all necessary acts
: deeds etc. and adopt a corporate seal, IN
!, same to change or alter or dispense with a
n pleasure and to do all things which may b
!, | necessary TO be done in the management o
: said business and permitted by the laws az
Il plicable TO corporations.