The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14

WS$ SSSSSS@"
siderations, as the board of directors may
Transfers Of stock Of this corporation
shall he made only on the books OF this
corporation, subject to the regulations and
formalites as the board may prescribe
therefor.
Each and every stakeholder shall have a
vote for every share Of stock standing In
his name on the books Of this corporation.
Each stakeholder may give any other stock
holder his proxy, In writing, to represent
him at any and all meetings OF the stock
holders of this corporation.
This charter shall be In full force and
effect and this corporation shall be gong
concern as soon as the sum Of three thou
sand dollars ($3,OOO.OOD of its capital stock
shall have been subscribed for.
ARTICLE V.
All the corporate powers Of this corpora
ton shall he vested in and executed by
the board OF directors to be composed OF
three stockholders of this corporation, and
two Of whom shall constitute quorum for
| the transaction of the business OF this cor
pOration. The first board Of directors shall
be named in this charter. and every subse,
quent board of directors shall he elected
annually the first Monday of October.
| All directors shall hold office until their sue
cessOrs are duly elected and qualified. All
such elections shall be by ballot and shall
he conducted at the Office of this corpora
| tiOn under the supervision of three commits
| siOners to be appointed by the board or di
| rectors Notice Of every such election shall
be given to the stockholders ten days prior
| to the said election by a letter directed to
each and every stakeholder addressed to him
as per the address given on the books or
| this corporation. The board OF directors
| shall hold ONCE for the term OF one year,
and any vacancy occurring during the term
| shall he filled by election among the remain
ing directors A failure to elect directors
| on the date specified shall rot dissolve this
| corporation but the directors then In ONCE
| shall hold Office until their successors are
duly elected and qualified Each director
| shall own at least one share or stock. The
| board of directors shall have the power TO
make and establish bylaws. rules and regu-
lations for the management of this corpo-
| alton: to regulate the transfer OF stock,
and to appoint and discharge all clerks,
agents and employees; as well as to TX their
compensation. Each director shall have
the power to appoint a proxy in writing to
represent him at all meetings OF the board
OF directors, and said power or proxy may
be given to one not a stakeholder In this
corporation.
The board Of directors shall elect from
its number a president, vtce-president ana
The first board Of directors shall be the
following: Chas ID. Frost. president; Ennis
A. Segrave. vice-president; Howard A. Sc
grave, secretary treasurer.
ARTICLE VI.
Whenever this corpora ton shall be dis
solved either by limitation or otherwise, its
affairs shall be liquidated by two commits
! sioners 10 be appointed from among the
stockholders to be convened in general meet
ing for such purpose, of which meeting, no
tice shall be given In the manner and time
prescribed by the next article OF this char
ter. and a majority in amount Of the capi-
tai stock Of this corporation represented at
the said general meeting shall be requisite
TO elect; And the said commissioners shall
remain In office until the affairs or the cor
poration shall have been fully liquidated.
ARTICLE VII.
This act OF incorporation may be changed,
, altered or modified or amended, or this cor
, poratiOn and the charter thereof, may be
dissolved. with the assent of three-quarters
, of the capital stock represented AT general
! meeting Of the stockholders convened for
that purpose, and after notice OF such meet
. ing shall have been given In one or more
: newspapers Of the city OF New Orleans, La,
once a week for four weeks preceding the
, said meeting and by a written notice TO
each and every stockholder as per the books
| Of this corporation, mailed to him thirty
| DAYS prior to the date Of the said meeting,
!, at the post Office address designated by him
I in writing.
\ ARTICLE VIII.
No stakeholder shall ever be held liable
e for the contracts or faults OF this corpora
! ton in any further sum than the unpaid
i ! balance due this corporation on the shares
of stock owned by him, nor shall any infor-
mality in the organization Of this corpora
ton have the effect Of rendering this charter
;, | null or Of exposing the stockholders 10 any
II further liability than the unpaid amount re-
, naming due on his stock subscription.
/ The list OF subscribers hereuntO annexed
II shall serve as the original subscription list
Of this corporation.
Thus done and passed in this city Of New
Orleans, on the day, month and year af0re
Is said, in the presence OF Messrs. Sidney Eek
Is erie and Il. A. Schuber, competent witnesses
q who have hereunto signed their names, to
r gether with the said appearers and me, no
lg tary after a due reading Of the whole.
ST (Original signed) Chas. ID. Frost, II
I'd shares, 81, 600; and Others. (WitnessesD
In Sidney Eckere, 4. A. Schuber.
" SCOTT f. BEER, Not. Pub.
ly l. the undersigned recorder Of mortgage
In and for the parish OF Orleans, state o
louisiana do hereby certify that the abog
and foregoing act OF Incorporation OF IN
Is Howard A. Segrave, Inc" was this da!
D. duly recorded In my Office in book 1901
ed folio 147.
OF New Orleans, Aug. oath. 1911.
re, (Signed) EMILE LEONARD, DIR
re- State Of Louisiana,
he Parish Of Orleans.
nd This Is 10 certify that the above ana fore
ch going Is a true and correct copy OF the orlg
oh inal act OF Incorporation OF the howar
ed A Segraye Inc" together with the certin
ia cate of the recorder Of mortgages for IN
ue parisb OF Orleans. except the names OF ID
rot subscribers thereto.
tu- In faith whereof, | have hereto signed IN
ra- name and affixed my seal, this 24th Day
nv eSean scorr f. BEER, Not. Pub.
on aug 81 sep IA 81 % oct 1911