The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-28
ARTICLE II.

hhAANLE IL
The domicile of said corporation shall b.
in the city Of New Orleans. All citations
and other legal process shall be served upor
case of his absence upon the vice-president
and In case of his absence upon the secre
tary-treasurer thereof.
ARTICLE III.
The objects and purposes for which this
corporation is established and the nature
OF the business to be carried on by IL are
hereby declared and specified to be, to carry
on general business for the purchase, sale
and dealing In horses, mules and other live
stock to conduct and carry on stables for
the feeding, boarding and handling Of live
stock, and to conduct and carry on an ex.
change where horses, mules and live stock
may be sold at public or private sale; and
generally to hold and exercise all such incl.
dental powers and privileges as relate to
the objects hereinbefore set forth.
All Of the above corporate functions may
be performed both In the state Of Louisiana,
and In any Of the other states Of this Union.
ARTICLE Nv.
The capital stock of this corporation is
hereby fixed at the sum Of five thousand dol.
lars ($o,OOO.OO), to be represented by fifty
lJO) shares OF stock Of the par value OF
one hundred dollars (s100OO) each. all of
the time of the organization Of this COM
pany and shall be paid for In cash before
any OF the said stock shall be issued.
ARTICLE V.
Transfers Of stock shall be made only on
the books of the company, subject to such
regulations and formalities as the board OF
directors may prescribe.
- 1t is hereby declared to be fundamental
condition attached to the stock of this cor
poration, which shall be expressed on the
race OF the stock certificates, that every
holder thereof shall, before he sells his stock
to any other person than an existing stock
holder of the company, offer the stock to
the existing stockholders at the price at
which he Is offered therefor by any person
not stakeholder, and no transfer of stock
snail be made on, the books of the company
until proof is administered that this condi-
ton has been complied with.
ARTICLE VI
All the corporate powers Of said corpora-
tion shall be vested in, and all its business
and affairs managed and directed by a board
OF three directors, who shall be elected an
nually at a stockholders meeting TO be held
on the first Monday of September in each
year, commencing with the first Monday in
September, 1912. Each subscriber shall he
entitled TO one vote for each share of stock
standing In his name, to be cast In person
cast shall elect. The directors shall hold
ONCE for the term of one year, and until
their successors shall have been elected and
qualified. The directors shall elect a presi-
dent a Vlce-president, who shall be general
manager, and secretary-treasurer, from
among their number. In case of a vacancy
occurring on the board from death, resigna-
ton or otherwise, the remaining directors
tion. The board Of directors shall have
power to make and establish all necessary
rules and bylaws for the government Of
SAID corporation to regulate the transfer of
sI; ana enforce the payment Of unpaid
instruments of the stock subscription TO
appoint all such other employees. clerks.
agents, overseers and representatives as In
tuelr judgment may be necessary for the
cohauet or the business Of the corporation,
nave the right to discharge or release anv
employee at pleasure. The duties OF the
various officers shall be fixed by the bylaws
OF the company.
ARTICLE VII.
The following named persons to-w,t. TT
NJ n. MeGee, Frank McHenry and Clarence
sseI, hopkins; with the said ii. III. MCGEE
as PRESIDENT, Frank McHeury as yiceIpresi-
a at and general manager. and Clarence
ne. hopkins as secretary treasurer shall
Oe and are hereby constituted the first boa "a
ana p' ssa1 ana officers OF said corporation
a.
MONDAY In September. 1912. or until their
fed eiee'eu ana quail
ARTICLE VIII.
Whenever this corporation "a d,sso,vsa
s..her oy limitation or otherwise. IFS affairs
snaIi De iiquidated by three liouida TORS 10
pc erected by the stockholders AT a general
neeting convened In accordance with A.
llcle TX or this charter The said liouidat-
,rs snail remain In Office until after the az
airs or said corporation shall have haan
,uily nquidated- In the event of the death
u any or said liquidators, or OF A vacancy
occurring among said liquidators from any
timer cause, the said vacancy shall at once
'e niied by the two remaining iiquidators.
ARTICLE TX.
This act Of Incorporation may be changed
ltered or amended, or said corporation NAV
e dissolved by vote of three-fourtbs in
mount OF the capital stock represented AT
general meeting Of the stockholders. con-
ened after thirty 500 days previous mo-
zee or such meeting shall have been pub-
shed In one Of the daily newspapers in the
ty OF New Orleans e
ANY changes proposed or made I'm refer. |
ace TO the capital stock shall be made In |
scordance with the laws Of the state Of |