The herald., 1911-08-10

OF directors. ny the boart
SAID corporation shall commence bus,nas.
1an , pSecone going concern so soon as
snail have been subscribed for. S'o'h
ARTICLE V.
All the corporate powers OF This cornoro
non snail be vested in and the managemen,
ana control Of its affairs shall he exercise
~ board Of five directors. composed OF
stockholders, a majority of wnom shall
constitute a quorum for the transoc tio,
OF an business. The directors shall ha
elected ere annually by ballot by the stockhold
e easi Oh the second Tuesday of January OF
eacn year. Each stakeholder shall he on.
,tled 10 one vote for each share of stool
heid and owned by him, either IN nerSon
OF py t pro3y; All elections shall be held
Stter Ten days prior notice by mail shall
nave been sent to each stockhoIdar az az
last known address. Failure TO elect Dire
a lots on me date specified shall not act
as forfeiture of this charter hut tba al
rectors then in office shall ACT until tboir
successors shall have been duly elected and
Iuallned. Any vacancy occurring ON said
oodru from any cause shall be filled bv
term. " 'Ae uneAplreu
Immediately npon the signing of This
charter the stockholders shall meet ana
t tt nve directors who shall serve until
the election Of their successors, TO he held
as herein provideu.
said board of directors, and all succeed
dhs boards, shall, at their first meeting.
erect from their number a president vice
president and a secretary. The directors
OF thlS corporation shall have the right
10 appoint and dismiss such clerks man
ayers ana other employees of the corpora
Ton as conditions may justify or the busi
ness or the corporation require The tenure
OF office of all employees of the corDora
non snail be during the pleasure of the
board of directors Anv of the directors
shall have the right TO appoint bv written
instrument another director or stockholder
TO act as his proxy and in his stead at anv
ana all meetings of the board of directors
ARTICLE VI.
This act Of Incorporation NAV he
cnangeI' modified or altered. or this cor
poration may be dissolved, with the assent
OF ttree-fourtns of the capital stock pres
ent, or represented, at a general meeting
OF toe stockholders convened for that pur-
pose AFTER ten days prior notice of such
meeting shall have been given by publica
tiOn In one OF the daily newspapers three
times during said ten days.
ARTICLE VII.
Whenever this corporation is dissolved,
either by limitation OF its charter or from
any other cause, its affairs shall no Iioni
dated by three commissioners to be elected
from among the stockholders, at a general
meeting or the stockholders convened for
mat purpose, a1ter thirty days prior no.
tlce or said meeting shall have been given
by publication in one Of the daily news
papers published in this citv once week
during said thirty days. Said commission
ers shall remain in office until the affairs
llquldated. In case o. the death of either
Of said corporation shall have been fully
of said commissioners, the survivors shall
continue to act.
ARTICLE VIII.
No stakeholder OF this corporation shall
ever be held liable or responsible for the con- ]
tracts or faults thereof, in any further sum
than the unpaid balance due TO the corpora
zion on the shares owned by him. nor shall |
any mere infOrmality in organization Nave
the effect of rendering this charter null |
nor OF exposing a stakeholder to any liabil- |
lily beyond the AMOUNT of his stock.
Thus done and passed In my nOtarial Of !
ice at New Orleans aforesaid, in the pres |
nnce OF William A. Wenck and Edgar c. |
Gould, competent witnesses of lawful age
and residing in this city, who hereunto sub |
scribe their names together with said par
lies and me, notary, on the day and date |
set forth in the caption hereof.
Original s.gned)
VIM. A. WENCK
EDGAR G. GOULD.
WI. RENAUDIN.
Notary Public.