The herald., 1911-05-18
ARTICLE V.

All Of the corporate powers of this cor,
poratiOn. and the management and control
OF its business shall I've invested In and
exercised by a BOarfd OF Directors TO be
composed OF three members, any two OF
whom shall constitute a quorum for the
transaction OF all business, and their de-
ciSiOns shall be valid. corporate acts. The
following persons shall constitute the first
seph T. SimOne, Salvatore Pellegrinni
Each Board of Directors shall elect from
among their number its own officers, as
follows A president, vice president and
a secretary. who shall also be treasurer.
The Board Of Directors shall have the
power TO determine the manner and the
causes for which vacancies may be de-
clared on said board.
No person shall be eligible as a member
OF the Board of Directors unless a stock
holder OF this corporation.
Said Board of Directors shall continue
in Office until the first Wednesday in April,
1912, on which day, and annually there
after n Board OF Directors shall be elected
by ballot for the term OF one year. Such
election shall be held under such rules and
regulations as may he provided by the
Board Of Directors. Any failure from any
cause whatever to elect Board Of Direc-
tors on the day named shall not dissolve
| the corporation, but the Board OF Direc-
tors then in office shall hold over until
| their successors are chosen. At every cleo
ton and meeting Of the stockholders, each
stakeholder shall be entitled TO one vote
only, regardless of the number OF shares
| registered in his name. and may vote In
person only. and not by proxy. Any va
cancy occurring on said board shall be
| filled by the remaining directors by the APP
| pointment of some qualified stakeholder
who shall serve until his successor Is elect
ed at the annual election. The Board of
Directors shall have the right to appoint
| or discharge such clerks. agents, managers
and other employees as may be deemed nee
essary or expedient, and to make, change
nd oil hxla rII1aS md la,
lions for the proper conduct and manage
ment of the affairs, business and concerns
Of said corporation, not in conflict with
this charter or the laws OF this state; pro
vided that the president may suspend any
employees in his discretion. pending the
action Of the Board Of Directors
All warrants, checks. drafts, notes or
other obligations of this corporation shall
be signed by the secretary treasurer.
ANY officer or director may be removed by
a majority vote of the stockholders.
When all the directors consent thereto
Me notices otherwise required for holding
meetings may be dispensed with.
ARTICLE VI
| Meetings may be called at the pleasure
of the president or upon written request
OF majority of the stockholders.
All meetings OF the stockholders, whether
general or special, shall be held only after
ten days written notice to each stock
| holder.
ARTICLE VII.
| No stakeholder shall he held liable or
| responsible for the contract or faults OF
said corporation in any further sum than
the unpaid balance due the corporation on
the shares owned by him, nor shall any
mere informality in organization have the
effect OF rendering this charter null, or eX-
posing a shareholder to any liability be-
yOnd the amount remaining unpaid on his
| subscription to the stock.
ARTICLE VIII.
This act OF incorporation may be amend
may he dissolved by a vote of three fOurths
of the stockholders present at a general
| meeting of the stockholders convened for
| that purpose
| ARTICLE IX.
| Whenever this corporation is dissolved
either by limitation or otherwise. its af
| fairs shall be liquidated under the super
vision OF three liquidatOrs to be appointed
| from amongst the stockholders at a gen
eral meeting of the stockholders convened
after due notice, as required by Article vi
OF this charter.
Thus done and passed, In my Office, at
New Orleans. aforesaid. in the presence
Of Philip Shields and Edmund s. Ogden,
dOmiciled In this city, who sign these pres
ents. together with the parties and me, no.
tary, the day and date first aforesaid.
| Original signed John Mailhes, ]. L. ST.
none. Salvatore Pellegrinni.
| Witnesses Edmund S. Ogden, p F.
| Shields.
C. NJ. EUsTIS, Not Pub.