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

All OF the corporate powers Of this cor
pOration are hereby vested in, and shall be
exercised by a Board OF Directors, to con-
Sst OF five stockholders, three Of whom
tion OF all business. The said Board OF ii
reCtOrs shall be chosen annually by the
stockholders, ut meeting held on the sec
Ond Tuesday OF the month OF January, 1912.
and annually thereafter on the same day,
or until their successors have been duly
elected. The first Board Of Directros shall
consist of Fritz Salmen, Charles ID. Stew
art, Leon c. Weiss, Emile We'll, l.. A. Livau-
daiS, who shall serve until the election Of
their successors.
Each Board Of Directors shall appoint
from their number a President and Vice
President; said Board OF Directors shall ap-
point also. from their number or other per-
sons, a Secretary, Treasurer and General
Manager, any Of which three latter Offices
may be combined in the same person, should
the Board OF Directors deem 1t advisable
All officers above mentioned shall hold their
offices during the life OF the Board OF Direc-
tors appointing them.
Vacancies in the membership Of the
Board OF Directors, or In said offices, shall
be filled by appointment OF the remaining
members Of the Board OF Directors.
The following persons shall constitute the
officers or the company during the life Of
the first Board Of Directors: Fritz Salmen,
President; Leon c. Weiss, Vice President !;
l.. A. Livaudais, Secretary; c. d. Stewart,
Treasurer and General Manager
Meetings of the Board of Directors shall
be held at the Office Of the Company at New
Orleans, at such times, and upon such no
tice, as may be fixed by the said Board OF
Directors, or the President of the company.
The Board of Directors shall also appoint
all such other officers, agents or employees,
as the business OF the company may require,
or may confer such rights Of appointment
upon the general manager Of the company.
All salaries shall be fixed by the Board
Of Directors, or by the General Manager,
in case OF persons employed by him under
authority of the Board.
The Board OF Directors shall also have
the right to confer any of its powers upon
an executive committee, agent, or represen.
tatiye, or other person, as 1t may deem
advisable.
All meetings Of stockholders, for any pur
pose whatever, whether special or general,
shall be held in the City Of New Orleans,
La, after ten days notice mailed to the
last known address Of each stakeholder. I
such meetings stockholders shall be entitled
to one vote for each share of stock owned
by them, in person or by proxy; provided
that stock can only be voted in the names
OF stockholders who shall be the record
owners Of the stock, as shown upon the
books Of the company, at least thirty (3OI
days in advance of the meeting at which
said stock Is offered to be voted. Said no.
tice OF meeting shall be issued by the Sec
rotary Of the Company by authority Of either
the DOdTu Ol IlTtClOIS VI lAt
company.
ARTICLE VII.
This charter may be changed, altered or
amended, or this corporation be dissolved
by vote Of two-thirds OF the outstanding
capital stock, present or represented at q
meeting called for that purpose, after notice
Of said meeting shall have been given as
above provided
In case the organization be dissolved, the
same meeting shall appoint three liquidators
to settle the affairs Of the company, who
shall as rapidly as possible pay all out
standing debts, sell the property for cash,
or otherwise as they may deem advisable, or
as may be directed by said meeting of
stockholders, and divide the proceeds among
the stockholders, according to their re-
spective interests.
On all other questions excepting those
mentioned in this article majority Of the
capital stock voting at any meeting shall
control the action Of the company.
ARTICLE VIII.
No stakeholder OF said corporation shall
ever be held liable or responsible for its
contracts, or faults, or those Of any of IT'S