The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-28


days from the time OF its offer, then the
holder and owner Of the stock NAV DISPOSE
or II in the open market.
The said capital stock may be increased
by proceedings in accordance with the laws
OF the state of Louisiana.
ARTICLE V.
The affairs of this corporation shall he
managed by a board OF directors, and all the
corporate powers Of this corporation shall
DE vested in and exercised by the boaOi of
directors, TO he composed of three stock
holders, a majority of whom shall consti-
tute quorum for the transaction of any
pOration.
They shall have power 10 make all by
laws, rules, regulations. and to alter or
change same, to purchase and acquire the
property, business and goodwill of any and
all OF the businesses of any kind or 10
form partnership with any persons or com
panleS In any line with the objects and
purposes of this corporation as they NAV
deem advisable, and TO pay therefor in full,
Pdlu STOCK or TINS corporation, or cash or
paper for same: also to mortgage, pledge
or hypothecate the property of this corpo-
ration for the purposes of its business.
The said board of directors shall be elect
ed every three years by ballot of the stock
holders. Each stakeholder shall be entitled
IN person or by written proxy to one vote
Tor each share of stock owned by him and
standing in his name on the books of the
corporation, for at least fifteen DAYS prior
to such election. paw
All elections shall be held under such
rules and regulations as may be determined
by the board of directors, and after ten
days notice of such election shall have
been gwen by mail, addressed TO each stock.
holder at his last known address, or by pub
fishing in one of the daily newspapers pub
lished in the city of New Orleans.
a majority of the votes cast at such
election shall elect said directors
The directors thus elected shall continue
nj az,
shall elect, from the board of directors a
president vice-president. and secretary.
treasurer.
The first election shall be held on the
fourth Monday of November nineteen hun.
dred and fourteen, and until then, Mrs.
Sallie A. Forshee, widow OF Sidney A. Ca
longna: Sidney Edward Calongne and vii
ford F. Calongne shall constitute the first
board Of directors, with Sidney e. Calongne
as president, Mrs. Sallie A. Forshee widow
OF Sidney A. Calongne. as vice-president
and MILFORD F. Calongne as secretary-treas-
urer.
ANY vacancy on said board OF directors
caused only by death shall be filed BY the
remaining directors for the unexpired term.
No failure to elect shall be considered a
forfeiture OF this charter.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor. shall any
mere informality in its organization have
the effect of rendering the charter null or
void. or OF exposing a stakeholder to pay
further liability than the unpaid balance
due on the shares OF stock owned by him.
ARTICLE VII.
This act Of Incorporation may be changed,
altered or modified, or the corporation may
be dissolved or go into liquidation by vote
of three-fourths of the stock represented at
a special meeting called for that purpose,
after Its objects have been made known by
ten days previous notice In writing, deliv-
cred o. mailed to each stakeholder Of record
on the books of this corporation to attend
said meeting, and upon complying with the
laws of the state of Louisiana. Whenever
this corporation is dissolved, its affairs shall
be llquidated by two commissioners elected
among the stockholders at said meeting to
wind up the affairs of said corporation
Said commissioners shall be elected by a
majority vote of the stockholders, each share
OF stock voted shall count as one vote
However, said commissioners shall and must
be directors In the hereinbefore mentioned
corporation.
Thus done and passed In my notarial Of
Louisiana. on the day, month and year
above written, In the presence Of Messrs.
Leonard c. Vacher and Howell Carter, Jr.,
competent witnesses, who hereunto sign
their names with the said appearers and me,
notary, after due reading OF the whole.
Original signed) Ashley Calongne, 3
shares; Mrs. Sallie A. Calongne, 10 shares
Sidney E. Calogne, shares; MILFORD f.
Calongne. shares. witnesses L. c.
Vacher, Howell Carter, Jr.
ETHELRED NJ. STAFFORD,
Notary Public.
I, the undersigned. recorder of mortgages,
In and for the parish OF Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of S. A.
Calongne's Sons was this day duly recorded
In my office, in book 1851 folio -.
New Orleans. Nov. %. 1911.
(Signed) EMILE LEONARD, by. r.
true copy.
ETHELRED NJ. STAFFORD.
tSeals Notary Public.
nov 30 dec IA 81 % 1911 jan 1912