The herald., 1911-11-09

owner in person or by written proxy. The
majority of stock voted at any stockhold,
ers' meeting. shall decide all questions voted
uDon. except as otherwise provided.
Within one % week from their election
as above provided for the board OF direc-
tors shall elect from among their members
president and vice-president; they shall
also elect a secretary-treasurer, who may or
may not be a member of the board or
stakeholder, at the discretion of the men,
All the said officers and directors shall
hold their respective offices for period or
one ID year from the date of their cleo
| tion, or, until their SUCCESSORS are duly
elected.
The term Of the first board of directors
and officers herein named, shall expire on
| the first Tuesday of April, 1912, or until
| their successors are duly elected as herein
provided for. But the failure 10 hold an
annual election or TO elect the officers, as
above provided for, shall not result in the
| dissolution of this corporation, but the then
| board Of directors and officers, shall hold
their respective offices until their successors
are duly elected.
ANY vacancies occurring on said board Of
directors, shall be filled by the remaining
members of said board for the uneXpired
term, at a meeting called for that purpose,
after ten days prior notice in writing sent
by mail TO said directors at their last known
| address, and If the said board fails 10 elect
at said meeting, then the election may he
made by the stockholders at a special meet
Ing called for that purpose in a manner
herein provided for the election of directors.
The said board Of directors shall have
the power 10 make all bylaws, rules, and
regulations for the proper management and
conduct of the affairs of this corporation,
and to change. alter, amend, or abolish
the same AT pleasure, and shall have and
exercise all the powers conferred by law
on this corporation and as set forth in
this charter.
The said board of directors may also
delegate any of said powers in the trans
action of the business of this corpora
tion to committees of their own body. or
to the officers and agents of this corpora
ton. and said board shall have the right
to suspand or remove any employe at
pleasure.
All the employees of this corporation,
except the offices of president and vice
president, shall be considered as employed
10y the month, unles sotherwise specially
! contracted with in writing.
poration is hereby declared to be: Il. Il
Gillian iS; Of this this city s BEET 5,
: Ashburn, Georgia, BUCKNER CHIPLEI
of this city. +. A. McKOY, of this city
and GEORGE r. BELTS. of Ashburn
, Georgia with the said W. Il. CHILEAN a.
president and the said GEORGE I. BELTS
q, as vice-presidcnt and the said BUCKNEI
CIIIPLEY as vicc-prcSldent and the said ]
\. TAYLOR as Secretary-treaSurer, whS
: shall hold their respective offices unit
d it shall be the duty of the president o
this corporation, or in the event of hi
inability to act, then the vice-presidentS
to call special meeting of the board o
T, directors or the stockholders, on a writer
request to that effect signed by two o
more directors, or upon the written re
D quest of ten per cent of the stock is
: ARTICLE VI.
l. | bt-
of three-fOurthS )3-iD of the capital stoc
- | thereof at a general meeting convened 70
that purpose in the manner as above pro
J. vided, for the calling of the meeting
, held annually for the election Of boar
l. directors, except that in that event
notice in writing shall be sent 10 eac
stock holder thirty 600 days prior I
said meeting at his last known address
Whenever this corporation is dissolved
either by Limitation or otherwise, Ii
O affairs shall be liquidated by three liqu
dating commissioners TO be elected at sue
I, general meeting, and in the case of dealt
n resignation. inability to act of any q
y the said commissioners, the surviving con
missioner or commissioners shall appoin
IA successor and together they shall col
e tinue the liquidation 10 its termination.
Il ARTICLE VII.
This charter may be changed or amend
ed. and the capital stock may be increase
or diminished, by vote of two-thirds t2-3
Of the capital stOcqk issued at gener;
meeting called for that purpose, after thirt
800 days prior notice in writing havin
d been sent to each stakeholder at his La
- known address.
p ARTICLE VII.
No stakeholder shall ever be held Ii
BILE or responsible for the contracts
faults of this corporation in any furth,
sum than unpaid balance due the compar
on the shares of stock owned by him n,
~ shall any mere infOrmality in the org
W nizatiOn hereof have the effect of rende
u ing this charter null, nor Of exposing al
stock to any liability beyond SUE
unpaid balance that may be due on
stock.
be Thus done and passed. in my office,
nd the city of New Orleans, Louisiana, on 4
,e- day, month and year herein first abo
he mentioned. in the presence OF Alfred
ir- male witnesses here residing, who hel
by unto sign their name, together with I
he said appearers and me, notary, after d
nd reading of the whole.
TO (Original signed) J. 5. Belts, p
tie Drummer Chipley; Geo. T. Belts per Bru
Sc, lner Chipley: c. W. Evans, per Brunn
ne lChpley: Drummer Chipley, W. b. Gnlica
70, Edwin E. MeKoy' Morgan o G1riey. Public
he (witnesses) A. d. Preston, Eugene
Ire Comes.
me l the undersigned recorded of mortgas
&C. in and for the parish of Orleans, state
The Louisiana, do hereby certify that the abe
re- and foregoing act of Incorporation Of I
nd BETS NAVAL STORES COMPANY W
ro this day duly recorded in my office in be
,ol- 1851, folio 49,, New Orleans La, Move
er- Der sixth, 1911.
md (Signed) EMILE LEONARD, ID.
ur- l the undersigned notary public cert
the above and foregoing to be a true a
correct copy of the original act of inc
poratiOn of the BELTS NAVAL STOR
COMPANY. together with the certificate
be recorded of mortgages for parish of
ISL leans thereinto appended, on file and
ac- record in my notarial Office in the city
hay New Orleans, la.
le- W. MORGAN GURLEY, Not. Pu6
esi. nov. 0, 16, %, 80; dec. Z, IA, 1911.
the