The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-25
ARTICLE V.

All the powers OF this corporation shall he
vested in a board OF directors to be com
posed OF three stockholders, any two OF
whom shall constitute a quorum for the
transaction Of the business Of this corpora
ton.
That said board OF directors shall be com
posed OF the following officers a president
vice president. and Il secretary trea Surer.
The first board OF directors OF this corpora
tion shall he the following: Joseph c. Beals,
president; John Schoen, vice-presdent. and
Victor CaparO. secretary treasurer. which
said board shall hold Office until the third
Monday in April, 1912. when a new board
shall be elected. and thereafter at regular
intervals Of one year.
AL directors shall hold Office until their
successors are elected and qualified. All
such elections shall be by ballot and shall
be conducted at the Office OF this c0rpOratio
under the supervision OF three commission
ers appointed by the board OF directors.
Each stakeholder shall have one vote for
every share OF stock standing In his name
on the books Of this corporation, to be cast
in person or by proxy, and a majority Of
the votes cast shall elect. The other affairs
Of this corporation shall be determined on
the same basis.
Directors shall have power to appear and
vote in person or by proxy duly given in
writing
Any vacancy occurring by death, resigna-
ton or otherwise, on the board of directors,
shall be filed for the remainder Of the said
term by the remaining directors. A failure
to elect directors on the date specified shall
not dissolve this corporation. but the board
OF directors then In office shall hold office
until their successors are elected and quail
fed. Each director shall own at least one
share Of stock. All checks shall be signed
by any officer that may be designated by the
said board.
Tine board of directors may appoint from
time to time such clerks agents, employees,
as Ii deems proper for the purpose OF this
corporation, as well as to enact such by
laws. rules and regulations, and alter or
am and nr0npr
the management OF, and support OF the ar
fairs OF this corporation. The board OF di-
rectors shall have full power to issue full
paid, worcestershire shares OF the capital
stock OF this corporation for cash, or in
payment Of labor done, or for property or
business actually received by this corpora
ton.
Whenever this corporation shall be dis
solved either by limitation or from any other
cause, Its affairs shall be liquidated by three
commissioners To be appointed by the board
OF directors at a general meeting OF the
stockholders convened for such purpose, or
which said meeting, the stockholders shall
be given notice in the manner and time pro-
vided for stockholders meetings by Article
VII Of this charter, and majority In
amount of the capital stock OF this cOrpo-
ration. represented at such meeting shall he
requisite TO determine and elect. Such COM
misSionerS shall remain in Office until the
affairs OF this corporation shall have been
fully liquidated. In case OF the death or
one or more OF the said commissioners. the
vacancy shall be filled by the remaining
commissiOL RS, by election.
ARTICLE VII.
This act OF incorporation may be mOdi-
fed. altered or amended or the said corpo-
ration may be dissolved with the consent OF
three quarters OF the capital stock repre-
sented at a general meeting Of the stock
holders convened for such purpose after such
notice shall have been given In one or more
newspapers Of the city Of New Orleans, once
a week for four weeks, preceding the said
meeting, and by a written notice TO the
stockholders, each separately, thirty days
prior to the said meeting, at the post office
address OF said stockholders designated by
him in writing, or to his last known adj
ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults OF this corpora
ton IN any further sum than the unpaid
balance due the corporation on shares OF
stock owned by him nor shall any Informal
ity in organization have the effect of render
ing null this charter, or of exposing any
stakeholder to any liability beyond the I'M
paid amount remaining due on his stock sub
scription.
Thus done and passed in my office on this
oath day of April, 1911, In the presence of
Nessrs. T. A. Schuber and Jos. W. Helm,
competent witnesses who have hereunto
signed Win tine sdlO dppedreTs anu me, HO-
tar afer due reading of the whole.
(Original signed) Subscribers names
(Witnesses) T. A. Schuber, Jos. w. Helm
EDGAR NJ. Calm,
(SeaD Notary Public
/, the undersigned recorded OF mortgages
In and for the parish of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
Rhinegold Co, Ltd, was this day duly re,
corded in my office in book No. 1O1S, folio
New Orleans, La, April Goth, 1911.
(SignedD EMILE LEONARD, by. r.
T., the undersigned notary, do hereby GER
tify that the foregoing copy of the charter
of the "Rhinegod Co, Ltd as well as the
certificate Of the recorder OF mortgages In
and for the parish Of Orleans, is true and
as per the original on file in my
notarial Office.
New Orleans, La, April 26th, 1911.
EDGAR NJ. CAIN,
(SeaD Notary Public.