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

The capital stock Of this corporation
shall he five hundred thousand dollars
tSjOO,O0Ol divided into and represented by
five thousand (J.OOOb shares of the sum
Of one hundred dollars (S1OOl each. Twenty
five hundred t2,j0Ol of said shares shall
be classified and called Series \ and twenty
five hundred '2,J0OI shares shall he classi-
fed and called Series Il 10 effect this there
shall be issued 5000 shares Of one hundred
tSlOOD dollars each of the stock Of this
corporation, in addition to the two thou
sand shares at present outstanding. FIT
teen hundred shares of the said new issue
shall be classified and called Series \ and
the remaining fifteen hundred shares of the
new issue shall be classified and called Sc
rieS Il. all of which shall be represented by
cash actually received by said corporation,
and that no stock shall be issued until the
consideration therefor has been received by
the corporation.
Further no transfer of stock shall afTect
the corporation unless made on the books
OF the corporation at it's Office in the City
OF New Orleans, where said corporation
shall be- dOmiciled and only on surrender OF
the certificate therefor"
Article " OF the charter Of said corpor-
alton, as amended at n meeting OF the stock
holders held on April 10Th. 1906, was again
| amended 50 as TO read as follows
ARTICLE ".
The corporate powers Of this corpora
| ton shall be vested In and exercised by
| Board of Directors composed Of six stock
holders. The following persons shall con
| Stitute the present Board OF Directors
Messrs. w. S. Penick, Jr., J. L. Ford, Ma
! than I. Penick, NJ ). Standifer, August So
Mat, G. :. Beard, with W. :. Penck, Jr.,
as president, J. T. Ford as vice-president,
and 4. :. Beard secretary. The said Off
GERS and directors shall hold their said Of
fees until the first Tuesday In January
/ 1912, and until their successors shall have
been duly elected and qualified. On the said
Tuesday Of IU1p
| five years thereafter, a Board Of Directors
shall be elected unless said date shall be a
legal holiday, and in that case said election
| shall be held the day following the said
holiday Notice of said election shall be
given by ten days notice published in one
of the newspapers published in the Parish
, of Orleans. The Board Of Directors shall
appoint one or more stockholders TO preside
, at such election. Any failure from any
, cause to hold said meetings or TO elect said
board on the day named for that purpose
, shall not dissolve the corporation but the
! directors then in Office shall hold over until
their successors are chosen and qualified.
r After such election the Board Of Directors
shall elect from their number the officers
but the above named officers as president,
, yice-president and secretary shall remain in
Office as above stated until the first election
fixed herein on the first Tuesday in Janu-
airy, 1912; and until the successors are
ring among the offices of president, vice
president and secretary shall be filled by
the Board OF Directors; but any vacancy In
the Board shall first be filled before any
h vacancy among said officers shall be filled
$ I'm case Of any vacancy prior to the ex
= piration Of their term shall exist or occur
q among the first three directors hercinabovt
: named IL shall De filled by a selection made
= by the owners of stock of Series A and In
=, case of any vacancy prior TO the expiration
of the term, occurring among the last three
d directors above named IL shall be filled by
, a selection made by the owners OF stock OF
r Series II.
II AT every election and stockholders meet
IT ing each stakeholder shall be entitled to On'
vote for each share Of stock represented OF
y the books of the company In his name vote
% may be east in person or by proxy author
u lied i'm writing, but at each election Of Ill
7 rectors Thy the stockholders the first Oc
! curing the first Tuesday In January, 1872
7, and every fifth year thereafter as abov
u provided. the holders of stock Of Series
N shall elect and designate three director
:" and the holders Of stock Of Series IL shall
designate and elect three directors. Ate
each election Of directors as above provided
the first being the first Tuesday In January
1912. and quntenially thereafter, the boar
| shall elect from their number the officers
tO-Wit: President, yiceprcsident and secre
tary. The president In addition to his oth
. | er duties shall be general manager and II
= his absence the yice-presdent in addition U
!, his other duties shall be general manager.
~ mo bylaws OF this corporation shall b.
7 | amended or repealed except by the vote o
, capital stock"
D. The foregoing amendments, and the au
thOrity OF the appearers hecrin Will NOR
fully appear by reference to duly certlhe'
| COPY OF the minutes Of said stockholders
meeting, which is hereto attached and mad
part hereof.
n Said Penick and Beard in their respectiv
n capacities further declared, that they now
~ pursuant TO the direction Of said stOckhold
ii ers' meeting. request me, Notary, TO recely
h said amendments in the form OF this publ
* act. in order that the same may he prOmul
/ | gated, published and recorded and thus be
| come part OF the original charter, wit
which request I. Notary, do hereby compl
Thus done and passed in my office at tn
City OF New Orleans. Louisiana, in the pres
- ence OF G. w. Schweitzer and +. l.. Szabary
competent witnesses. who hereunto sig
their names with said appcarers and me
Notary, after due reading Of the whole.
w. s. PENICK, JR., President.
G. :. BEARD, Secretary.
n GEO. W. SCIIWEIT/ER,
- y l. gZARARY