The herald., 1911-04-27

stakeholder, at the discretion .of the mem
bers OF the board.
All the said officers and directors snail
hold their respective offices for period or
one % year from the date OF their cleo
ton, or until their successors are duly
elected.
The term OF the first Board of Directors
and officers herein named shall expire on
the first Tuesday OF April, 1911, or until
their successors are duly elected as herein
provided for. But the failure TO hold an
annual election, or TO elect the omcers as
above provided for, shall not result in the
dissolution of this corporation, but the then
Board OF Directors and officers shall hold
their respective offices until their successors
are duly elected.
ANY vacancies occurring on said Board
of Directors shall be filled by the remaining
members OF said board for the uneIpired
term at a meeting called for that purpose
after ten days prior notice IN writing sent
by mail to the said directors at their last
known address, and II the said board fails
to elect at said meeting, then the election
NAV be made by the stockholders al Spe-
ciai meeting called FOR that purpose in the
mannr herein provided for the election or
directors.
The said Board Of Directors shall have
the power to make all bylaws, rules and
regulations for the proper management and
conduct OF the affairs OF this corporation,
and to change, alter, amend or abolish the
same at pleasure, and shall have and ex-
ercise all the powers conferred by law ON
this corporation and as set forth in this
charter.
The said Board OF Directors may also
delegate any Of said powers in the trans
action of the business OF this corporation TO
committee OF their own body, or to the OIL
GERS and agents OF this corporation
All the employees of this corporation,
except the othce OF President and Vice-Pres-
ident. shall be considered as employed by
the month, unless specially contracted with
| in writing.
The first Board Of Directors Of this cor
poration is hereby declared to be: walter
b. Chilean. Latta NJ. Aubrey, Edwin a; NC
Roy. ]. Lewis Thompson, Alex. Thompson,
Hoxie Thompson, with said ". b. Chilean
as President the said /. NJ: Aubrey as vice
President, and Z. A. Devlin, as secretary
Treasurer. who shall hold their respective
offices until their successors are duly elected
and provided for.
| Ii shall be the duty of the President OF
this corporation, or in the event OF MS ina
Ibiity to act, then the Vice-President, 10
j call a special meeting of the Board OF Di-
rectors Of the stockholders, on a written re-
quest to that effect, signed by two or more
| directors or upon a written request or ten
per cent of the stock issued.
ARTICLE VI.
| This corporation may be dissolved by
vote OF threefourths "a OF the capital
stock thereof at a general meeting convened
for that purpose in the manner as ABOVE
provided. for the calling OF the meeting.
Iheld annually for the election OF the Board
lOf Directors, except that In that event Q
notice in writing shall be sent TO each
stakeholder thirty days prior to said meet
ling at his last known address. Whenever
this CORPORATION Is dissolved, either by lin
litation or otherwise, its affairs shall be IL
louidated by three liquidating commissioners
to be elected at such general meeting, anc
in the case OF death, resignation or inabillt,
TO act Of any of the said commissioners, th'
lsurviying commissioner or commissioner
shall appoint a successor and togetheE the,
shall continue the liquidation to iS ter
mination. ,.
This charter may be changed or amended
land the capital stock may be increased OF
diminished by vote OF two-thirds t2-3) o.
the capital stock, issued at general meet
ling called for that purpose after thirty go
ldars nrior notice in writing having beeI
sent to each stakeholder at his last know
address.
No stakeholder shall ever be held llaDl'
or responsible for the contracts or faults
this CORPORATION or In any further sum tnai
the unpaid balance due the company on IN
shares OF stock owned by him, nor shall an!
mere informality in the organization hereo
have the effect OF rendering this ,harte
NULL Of exposing any stGckh S1sr 20 t fn
: liability beyond such unpaid balance ina
. NAV be due on his stock.
, Thus done and passed, In my office, IN IN
! CITY OF New Orleans, Louisiana, on the gay
month and year first above mentioned L
the presence OF Pierre A. Lelong, IT. az az
, lawrence NJ Janin, competent male WI
, nesses, here residing, who hereunto 81
! lers and me, Notary, after due reauins
the whole