The herald., 1911-06-15

Series IL as shown by the books or the COM
pany, shall have the first privilege Of sub
scrlbing for same in proportion to their re
spective holdings and In their respective
Series
mo transfer Of stock shall affect this
corporation unless the said transfer shall
its office In the City OF New Orleans, where
said corporation shall be domiciled, and only
on surrender of the certificate therefor"
Article Of the Charter Of said corpor-
lows:
ARTICLE v.
"The corporate powers Of this corpora
tion shall be vested In and represented BY
a Board OF Directors composed Of siT stock.
holders. The following persons shall con.
stitute the first Board OF Directors Messrs.
W. s. Penick, Jr, Jas. 4. Ford, ". T. Pc
nick, c. s. Beard, NJ. S. Standifer, August
Soniat, with W. S. Penlck, Jr., as president,
Jas. p. Ford as yice-president, and c. S.
Beard secretary. The officers and directors
shall hold their said Offices until the first
Tuesday In January. 1912, and until their
successors shall have been duly elected and
qualified. On the said first Tuesday in
January, 1912, and every five years there
after Boar. of Directors shall be elected
unless said date shall be a legal holiday,
and in that case the said election shall be
held the day following said holiday. and
notice Of said election shall be given by
ten days notice published in one of the
newspapers published in the Parish Of Or.
leans. The Board OF Directors shall ap-
point one or more stockholders to preside
at such election. Any failure from any
cause to hold said meeting or to elect sa
board on the day named for that purpose
shali not dissolve the corporation but the
their successors are chosen and qualified
After such election the Board of Directors
shall elect from their number the officers.
out the above named officers as president,
vlcn-nrngi6QHt hall
In ONCE as above stated until the first cleo
tion liked herein on the first Tuesday in
January, 1912; and until their successors
are elected and qualified. Any vacancies oc-
president or secretary shall be filled by the
Board Of Directors; but any vacancy in the
board shall first be filled before any va.
cancy among said officers shall be filed.
IN case any vacancy prior to the expira-
tion OF their term shall exist or occur among
the first three directors named II shall he
nlled by selection made BY the owners OF
stock OF Series A and in case of any va
cancy among the last three directors named
IT shall be filled by a selection made by the
owners of Series B.
AT every election and stockholders meet.
Ing each stakeholder shall be entitled to
one vote FOR each share of stock represented
on the books Of the company In his name
votes may be cast in person or by proxy
authorized in writing, but at each election
OF directors (by the stockholders), the next
ms thc nIsl lueSudy IN January, 1912
and every fifth year thereafter as above
provided, the holders of stock of Sries A
| snail elect and designate three directors
| and the holders OF stock of Series Il shall
elect and designate three directors. After
each election Of directors as above pro.
ylded, the next being the first Tuesday in
January, 1912, and quintenially thereafter
the board shall elect from their number the
omcers, to-wit: President. vice-president and
secretary. The president, in addition IN
| his other duties, shall be general manager
and in his absence the vice-president in adj
dition to his other duties. shall be genera
manager. No bylaws OF this corpora tion
shall be amended or repealed except nv )
vote OF the stockholders owning hree-fourths
| t3-4) OF the capital stock"
! Inc foregoing amendments, and the an
| thority or the appearers herein will more
| Iully appear by reference to a duly certi
ned copy of the minutes of said stockhold
| made part hereof.
Said Penick and Beard In their respectiys
| capacities further declared, that thew now
pursuant to the direction Of said stockbold
ers meeting, request me, Notary, to receive
said amendments in the form Of this public
gated, published and recorded and Tins ha,
come part OF the original charter with
| which request /, Notary, do hereby comnIy
| mus done and passed, in my Office at the
city or New Orleans, on the day and date
herein nrst above written, in the presence OF
" w: Senweitzer and =. L. Szabary, com.
| petent witnesses, who hereunto sign their
names with said appearers and me. notary
AFTER due reading of the whole
". s. PENICK. JR., President
c s. BEARD, Secretary.
GEO. w. SCHwEITZER,
ALEXIS BRIAN, Notary Public.