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


All the powers of this corporation shall
be vested in and be exercised by Board OF
five Directors, 10 be elected each year by
the stockholders at the annual meeting; the
said directors shall be bona fide stockhold-
ers, and the first board shall consist OF
Joseph Il. Newton, who shall be president
Donald b. Gordon, who shall be ice-Pres-
ident; Patrick +. Springfield, who shall be
Secretary Treasurer; James III. Newton,
James +. Mathis.
On the Saturday next preceding the sec
Ond Monday of December, 1911, and, annu,
ally thereafter, except when such day shall
fall on a legal holiday, then, upon the next
following lay day, the stockholders shall
elect a Board of Directors for the ensuing
year, the board already installed TO continue
to hold over until their successors are elect
ed and qualified The Board of Directors so
elected shall select, from their own number,
the officers Of the corporation.
The election of directors shall be by ballot
and the persons receiving the largest num-
Der of votes cast shall be elected. For elect
ing directors, or for any other purpose, each
share of STOCK whether present or by proxy,
shall be entitled to one vote, and a major
ity of the votes cast shall be required TO
pass any resolution or decide any question
submitted to the stockholders, except Tor
the alteration or amendment Of its charter
or the dissolution OF the corporation as
hereinafter provided.
Said Board of Directors shall have power
and authority TO make all necessary rules
and regulations for the management, opera
ton and control of the business or the cor
poratiOn, as well as to make all necessary
rules and bylaws, with power TO NIL any
vacancy occurring in their number. ma
jority of the directors voting at any one
time, in person or by proxy, shall be re
Ouired to pass any resolution or adopt any
bylaw, and which, when so adopted, snail
become valid corporate acts.
ARTICLE VI.
Notice of all meetings Of stockholders for
electing directors, or for any other purpose,
shall be given, in writing, by the Secretary,
to be deposited in the mail, at least ten
days before such meeting, directed TO each
stakeholder, at his last known address, APP
nearing upon the books of the corporation,
unless such notice is waived in writing by
all the stockholders appearing as such upon
inc OOOA'' ARTICLE VII.
Whenever this corporation is dissolved,
either by limitation Of Its charter or from
any other cause it's affairs and business
shall be liquidated by three commissioners,
TO be appointed from among the stockhold
ers. at a general meeting theerof, TO De con
vened, after ten days prior notice TO De
iished in the City Of New Orleans, in addi-
tion TO the notice to each stockholder pro
vided in Article VI hereof, and, by the ar
firmatiye vote of three-fourths or the STOCK
of the corporation represented at such meet
ing. Such commissioners shall remain In
office until the affairs and business OF the
corporation shall have been fully liquldated
and. in case of the death Of one or more OF
such commissioners, the survivors or sur'I
yor shall continue to act.
ARTICLE VIII.
This act of Incorporation may be modified,
added TO. changed or amended, or this cor
DOration may be dissolved by and with tDe
assent of the holders Of three-fourths In
amount of its then outstanding capital STOCK
given at a general meeting OF the stock,
holders of the corporation, to be convened
for such purpose, after ten days prior no
tice to be given in one OF the dally news
naners published In the City OF New orleans,
In addition to the notice to the stocknoId-
ars as provided In Article vi Of this char
ter.
No stakeholder shall be held liable or re-
snonsjhle for the contracts or faults or thls
cornoration, In any further sum than the
nnnaid balance due to the corporation on
the shares owned by him, nor shall any
mere informality In organization nave tn ne
exnosing the stakeholder to liability beyond
the amount of his unpaid stock. II any. T..
Thus done and passed, at my once, IN
the City of New Orleans, on tne Gay no9 III
nresence of Messieurs Il. Nj. Miller ana r.
BENTON. competent witnesses, who here,
unto signed their names, together with sald
appearers and me, notary, after due reading
of the whole.
original signed J. F. Mathis, 10 shares
7 ri Newton, 10 shares; J. B. Newton, 10
shares: 4. f. Struggled, 10 shares; Donald
" Witnesses T. NJ. Miller and F. V. Benton.
CHAS. F. FLETCHINGER,
Not. Pub.
L the undersigned Recorder of Mortgages
in and for the Parish OF Orleans, state OF
nnisiana. do hereby certify that the above
and foregoing act Of Incorporation Of INA:
val stores Warehouse & Storage Company
was this day duly recorded In my ONCE, In
Taw nrieans Ia this. the 10Th day Of