The herald., 1911-06-01
ARTICLE Ill.

ARTICLE Ill.
THE capital stock OF this corporation
shall be five hundred thousand dollars
.OO0) divided into and represented by
five thousand 10000 shares of the sum
Of one hundred dollars CS1OO) each. Twenty
five hundred (2,jOOD Of said shares shall
he classified and called Series \ and twenty
five hundred t2,JOOD shares shall be CLASH
fled and called Series b TO effect this there
shall be issued 5000 shares Of one hundred
$1,000 dollars each of the stock OF this
corporation, in addition to the two thou
sand shares at present outstanding. Fiji
teen hundred shares of the said new issue
shall be classified and called Series 4 and
the remaining fifteen hundred shares OF the
nav issue shall be classified and called Sc
| rieS IL, all Of which shall be represented by
cash actually received by said corporation,
| and that no stock shall be issued until the
| consideration therefor has been received by
| the corporation.
| Further no transfer OF stock shall affect
| the corporation unless made on the books
OF the corporation at its office In the City
| Of New Orleans, where said corporation
shall be dOmlciled, and only on surrender OF
| the certificate therefor"
| Article " OF the charter Of said corpor-
| alton, amended at meeting OF the stock
| holders held on April 18th, 1906, was again
amended so as to read as follows:
ARTICLE ".
THE corporate powers OF this corpora.
| ton shall be vested in and exercised by a
| Board OF Directors composed Of six stock
holders. The following persons shall con
stitute the present Board OF Directors (:
than I. Penick, NJ. 5. Standifcr, August So
Mat, c.. S. Beard, with w. S. Penick, Jr.,
as president J. l.. Ford as vice president
and e. s. Beard secretary. The said Off
GERS and directors shall hold their said Of
fees until the first Tuesday in January
1872, and until their SUCCESSORS shall have
been duly elected and qualified. On the said
first Tuesday Of January, 1912, and every
five years thereafter, a Board OF Directors
shall be elected unless said date shall be a
legal holiday, and in that case said election
shall be held the day following the said
holiday. Notice of said election shall be
given by ten days notice published In one
, OF the newspapers published in the Parish
Of Orleans. The Board Of Directors shall
appoint one or more stockholders to preside
, at such election. Any failure from any
cause to hold said meetings or to elect said
board on the day named for that purpose
, shall not dissolve the corporation but the
directors then in Office shall hold over until
I their successors are chosen and qualified.
After such election the Board OF Directors
shall elect from their number the officers
but the above named officers as president,
/, vice-presdent and secretary shall remain In
) Office above stated until the first election
fixed herein on the first Tuesday In Janu
airy, 1912; and until the successors are
: elected and qualified. Any vacancy occur
ring among the offices of president, vice
president and secretary shall be filled by
the Board of Directors but any vacancy In
the Board shall first be filled before any
h vacancy among said officers shall be filed.
$ "In case OF any vacancy prior to the ex
). piration Of their term shall exist or occur
q among the first three directors hereinaboV'
= named IL shall be filled by a selection made
; by the owners OF stock OF Series A and II
: case OF any vacancy prior TO the expiration
OF the term, occurring among the last three
d directors above named 1t shall be filled by
, | aIa.fH Tan do hy hn
r Series b.
II at every election and stockholders meet
lr ing each stakeholder shall be entitled to on
vote for each share OF stock represented OF
!, the books Of the company In his name vote
u may be cast In person or by proxy author
le lied in writing, but at each election OF Ill
r rectOrs Thy the stockholders the first oc
curing the first Tuesday in January, 1917
?. and every fifth year thereafter as aboy
d provided, the holders of stock OF Series
. shall elect and designate three director
W and the holders OF stock OF Series Is shal
designate and elect three directors. Mte
each election OF directors as above provided
r the first being the first Tuesday in January
1912, and quintenially thereafter, the boar
shall elect from their number the ofhcer'
to-wit: President, vice-president and secrt
tary The president in addition to his 9th
or duties shall be general manager and J
- his absence the vice-president In addition |
u, his other duties shall he general manager.
10 mo bylaws OF this corporation shall
p amended or repealed except by the vote Q
b stockholders owning three fourths Of tn
~ capital stock"
o. The foregoing amendments, and the AT
thority OF the appearers heerin VIII NOR
fully appear by reference to duly certlhe
copy OF the minutes Of said stakeholder,
meeting, which is hereto attached and mad
part hereof.
said Penick and Beard In their respectiy
g. canacitIes further declared, that they nov
a, pursuant TO the direction OF said stockholC
nd ers' meeting, request me, Notary, 70 reeeiv
m said amendments In the form OF this puDll
es act. in order that the same may be prOmu
= gated, published and recorded and thus o.
come part OF the original charter, wit
which request l. Notary, do hereby compi.
Thus done and passed In my once at u
civ OF New orleans, Louisiana, in the pre-
- ence OF G.. W. Schweitzer and Il. L. Szabar
competent witnesses, who hereunto sig
their names with said appearers and 10
W & PENICK, JR., President.
~ @ pEARn Secretary