The herald., 1911-11-30

once Tor one year, or until their successors
nWe peen uuly elected and qualified. Nc
s saire TO elect shall be regarded as a foi
TEXTURE OF this charter. ANY vacancy oC
curing on said board shall be filled by tn,
remaining directors for the unexpired tern
said board OF directors shall, at its frs
meeting after its election, nominate an,
eiect from among Its number a president,
yice-presldent, a secretary and a treasurer
II may combine the two last mentioned OF
nces and may even elect a secretary, VIII,
need rot be stakeholder. Said board o
directors shall have the right and power I,
appoint and dismiss all clerks, manager
ana other employees of this corporation, in
GUIDING the secretary who is not a stock
business OF the corporation may require
rhe tenure Of Office Of all the EMPLOYEES O:
his corporation shall be during the pleasur,
OF the said board Of directors.
ARTICLE vi.
No stakeholder shall ever be held liable
or responsible for the contracts faults or
debts of this corporation, nor shall any
mere informallty In its organization have
the effect Of rendering this charter null. or
OF exposing stakeholder to any liability
beyond the unpaid balance due on the shares
OF stock owned by him. No stakeholder
shall dispose OF or sell his stock in this cor
poration without having first offered same
days.
ARTICLE VII
The act Of Incorporation may be changed,
moulned or altered, or this corporation ma Y
be dissolved with the assent of the stock.
holders owning majority OF all OF the stock
OF the corporation, at a general meeting
convened for that purpose after at least ten
days written notice shall have been given
as provided for in Article v OF this char
ter. In case of the dissolution by the ex-
| piration of Its charter or otherwise. the
stockholders shall elect three liauida tors
from among their number to liauidate and
settle the business and affairs OF this com
pany. Said liquldators shall be elected al
the meeting which decides to liquidate. In
case or the death or inability OF any one
| OF said llquidators, the survivors or remain
him.
ARTICLE VIII.
Until the election to be held in November
| l9l2, the following named stockholders shall
constitute the first board OF directors, viz
Charles j. Babst, Emile VI. Babst and Peter
| A. EliZardi, with the said Charles J. Babst
as president, Emile NJ. Babst as vicepresi
| dent and manager, and Peter A. Elizardi a,
| secretary and treasurer.
| Thus done and passed at nv Office In tn.
| city OF New Orleans, on the day, month anC
\ year herein first above written, in the pres
ence OF Theodore A. Beck and Anthony Troy
| ami, both Of this city, competent witnesses
who have hereunto signed their names witt
| the said appearers and me, notary, afte
due reading OF the whole.
| (Orlginal signed) ChaS. j. Babst. ~
shares Emile NJ. Babst. so shares; L. A
| Elizardi, shares. (Witneses) Ant. Troy
| AMI, L. A. Beck.
| JOHN LEGIER, JR., Not. Pub
l, the undersigned recorder of mortga ses
for the parish OF Orleans, and state of Lou
lsiana, do hereby certify that the above an
foregoing act OF Incorporation of the Emil
VI. Babst Company, was this day duly re
corded in my Office, in book -, folio -
New Orleans, La, October %, 1911.
| (Signed) EMILE LEONARD, d.
A true copy from the original act:
| JOHN LEGIER, JR., Not. Put
| (Seal) oct % nov 9 16 23 80 1911