The herald., 1911-12-07
ARTICLE V.

6ndIs OF lnlS corporation shall be
managed by a board Of directors. and all the
corporate powers of this corporation shall
De vested in and exercised by the board of
directors, 10 be composed OF three stock
holders, a majority of whom shall consti-
tute a quorum for the transaction OF any
poratiOn.
They shall have power TO make all b,-
Jaws rules, regulations, and TO alter or
change same, TO purchase and acquire the
property, business and goodwill OF any and
all or the businesses OF any Kind. or 10
Iorm partnership with any persons or com
panles IN any line with the objects and
purposes OF this corporation as they NAV
deem advisable, and to pay therefor In full
PAID stock OF this corporation. or cash or
or prp byno d1E same fns also to mortgage, pledge
ration Tor the purposes OF its business.
Ihe said board OF directors shall be elect
ed every three years by ballot OF the stock
holders. Each stakeholder shall be entitled
in person or by written proxy 10 one vote
Tor each share Of stock owned by him and
standing in his name on the books OF the
corporation, for at least fifteen days prior
TO such election.
All elections shall be held under such
rules and regulations as may be determined
by the board Of directors. and after ten
days notice of such election shall have
been gwen by mall, addressed 10 each stock
holder at his last known address. or by pub
fishing in one of the daily newspapers pub
liShed in the city Of New Orleans.
n mdyOIlll VI the NOIeS cast ar such
election shall elect said directors.
The directors thus elected shall continue
IN office for three years, and said directors
shall elect, from the board of directors. a
The first election shall be held on the
fourth Monday OF November, nineteen hun.
dred and fourteen, and, until then. Mrs.
Sallle a. Forshee, widow of Sidney 4. Ca.
longne. Sidney Edward Calongne and vii
ford +. Calongne shall constitute the first
board OF directors. with Sidney f. Calongne
of Sidney A. Calongne. as vice-president
and MILFORD F. Calongne as secretary-treas-
urer.
ANY vacancy on said board of directors
only by death shall be filed by the
remaining directors. for the unexpired term.
No failure TO elect shall be considered a
Of this charter.
ARTICLE VI.
No stakeholder shall ever be held liable
Or responsible for the contracts. faults or
1ebts OF this corporation, nor, shall any
mere informality in its organization have |
The effect of rendering the charter null or
void. or of exposing a stakeholder to paw
further liability than the unpaid balance |
Tue on the shares OF stock owned by him.
ARTICLE VII.
This act OF Incorporation NAV be changed.
VI uuOulutu, OF the cOTD0rdtlOn NAV |
'e dissolved or go into liquidation by vote
" three-fourths of the stock represented at
special meeting called for that purpose.
ifter Its objects have been made known by
en- days previous notice in writing, deliv-
red or mailed to each stakeholder OF record
m the books Of this corporation to attend
aid meeting, and upon complying with the
avs of the state of Louisiana. Whenever
his corporation is dissolved. its affairs shall
e liquidated by two commissioners elected
mong the stockholders at said meeting TO
Wind up the affairs of said corporation.
laid commissioners shall be elected by a
Majority vote of the stockholders, each share
Z stock voted shall count as one vote.
However, said commissioners shall and must
e directors in the hereinbefore mentioned
orporation.
Thus done and passed in my notarial Of
ce,, In the city OF New Orleans, state OF
boye written, In the presence of Messrs.
.eonard c. Vacher and Howell Carter, Jr,
Witnesses, who hereunto sign
heir names with the said appearers and me,
Otary, after due reading of the whole.
Original signed) Ashley CaIongne, 8
hares Mrs. Sallie A. Calongne, 10 shares :
idney z. Calogne, 8 shares MILFORD r.
alongne, 8 shares. (Witnesses) L. c. |
acher, Howell Carter, Jr.
ETHELRED NJ. STAFFORD,
Notary Public. !
/ and for the parish of Orleans. state of
do hereby certify that the above ;
nd foregoing act of Incorporation of s. A.
Sons was this day duly recorded
my office, in book 1051 folio =
New Orleans, Nov. %, 1911.
(Signed) MILL LEONARD, by. r.
A true copy. u
ETHELRED VI. STAFFORD, ]
tSeal) Notary Public.
ov 80 dec Z IA 81 % 1911 Jan 4 1912 L