The herald., 1911-04-27
ARTICLE V.

TX ana determine in each particular case OF
by general resolution.
| The board of directors NAV Issue certif
Gates of paid-up stock in payment OF prO
pcrtv or goods actually delivered TO this cor
poratlon or for services actually rendered t.
II, or for rights, privileges or franchise,
transferred to il. the valuation in each in
stance to be agreed to by the board OF di
rectorS, which shall have full and finaI
power to do so.
Dividends shall be declared on the amount
actually credited on the capital stock with
out regard 10 the amount subscribed for
rms company shall begin operation as
soon as three hundred t3OOJ shares of lis
capital stock are subscribed for or disposed
All transfers Of stock shall he made on
the books of the corporation. and shall bs
signed by the stakeholder or by his attorney
| At all elections by, or meetings of the
stockholders, each share OF stock whether
paid for in full or not. shall be entitled to
one vote TO he cast either by the pcrson In
| whose name the stock appears on the books
OF this corporation at the time Of voting. or
by his agent or proxy, duly authorized In
writing TO that effect.
ARTICLE VI
The business and affairs and corporate
powers or this corporation shall be transact.
ed by board Of directors Of not less than
live nor more than nine directors To no com.
posed of stockholders Of this corporation
owning in their names not less than fen
| tlO) shares each. The stockholders NAV at
any annual meeting elect less than nine di-
| TectorS, and the directors thus elected at
any annual meeting, may prior to the next
annual meeting. elect one or more additional
members OF the board of directors so as TO
make the board of directors not more than
nine. The directors whether elected by the
stock hOderS or the board of directors, shall
be- elected by majority OF the votes at a
meeting of the stockholders, or Of the direc-
| tors as the case may be.
The quorum Of the board OF directors
! snail be majority of the actual member
ship OF the board
III. ROmanski. as president: II. Elmer Gil
christ, as vice-president; Charles II. Patter-
| son, as secretary III. u. L. Perkins as treas.
urer; j. Zach. Spearing, +. ID. HuntIey, G.
{. Henson. DIR. X. 4. Bailey and VIM. G.. de
| tOlig1y shall constitute the first board OF
| directors. and they together with such addi-
tlonal members as may be selected by the
present board, shall hold their office until
the second Tuesday in May, 1914, or until
their successors are elected and qualified ::
each subsequent board shall take their seats
Immediately following their election or as
soon thereafter as practicable, and shall
hold their office till their successors shall
have been elected and qualified.
On the second Tuesday in Nav in 1914
and annually thereafter AN election for di-
rectorS by the stockholders shall be held at
the Office of the company after thirty CON
Secutive days previous notice of such meet
ing shall have been given by advertisement
In two or the daily English newspapers pub
liShed In the city OF New Orleans the first
days prior TO the meeting, and the last ad-
vertiSement appearing on the day OF the
meeting.
Every board Of directors shall at its first
meeting after such election. or as soon there
after as practicable. elect a president a
yice-preSident. a secretary and a treasurer
from their own number
4 failure to elect directors on the da
above specified shall not dissolve the cOrpo-
ration. but the then existing board Of di.
rectors shall continue TO hold their offices.
a nd hnr oil lion hall l. l.Il
thereafter as practicable at a time 10 be
fixed by the board Of directors then in office,
whereof fifteen 40 days prior notice shall
be given in the manner above provided
which said notices shall be full and complete
notice 10 all stockholders OF such meeting
In the event no election takes place at the
second meeting, the board then in office shall
hold over until the next annual meeting, or
until their successors have been duly elected
and qualified.
Any vacancy occurring in said board of
directors from failure TO select the full
number or from any other cause shall be
filled by the remaining directors. The board
of directors may make such bylaws, rules
and regulations as they may think proper
for the transaction of the business and af-
fairs OF said corporation, and change. alter
and amend the same at pleasure and shall
exercise all the powers of this corporation,
appoint and fix the salaries OF ali officers
clerks and employees not herein mentioned
the same to change or dismiss at pleasure
fix the salaries of the officers provided here
in; sell. convey. mortgage, pledge. lease
and purchase rights, privileges, franchises
property movable, immOvable and, personal
make contracts and sign, or cause to be
signed by officers or directors. specially or
generally authorized by the board of drec-
tors all necessary acts, deeds and so forth
and adopt a corporate seal. the same TO
change, alter or dispense with at pleasure
and to do all things which may be necessary
to be done in the management of said bust
ness and permitted by the laws applicable TO
ARTICLE VII.
This charter may be changed, modified or
altered or said corporation may be disSOlv-
ed with the assent of three-fOurths of the
amount of stock present or represented at
any general meeting of said corporation
convened for such purpose, after thirty days
previous notice shall have been given in the
manner provided in Article VI Of this char
ter.
ARTICLE VIII
Whenever this corporation is dissolved,
either by limitation or from other cause, its
affairs shall be liquidated under the super
intendence OF three stockholders owning in
their own names not less than ten shares
ma Ority in amount Of the stockholders pres
ent or represented at general meeting OF
the stockholders at which the election is
held Said commissioners shall remain in
office until the affairs of said corporation
shall have been fully liquidated In case
of the death of one Of said commissioners,
or OF the REFUSAL or lnaDlllty OF one OF them
to act, the survivors shall continue to act
and shall elect another stakeholder with the
same qualifications in the place and stead
of the commissioner who shall have ceased
to act.
ARTICLE TX.
The president may in his discretion, and
shall, upon the written request Of not less
than two hundred and fifty stockholders.
holding in the aggregate not less than
twenty-five hundred shares of stock call a
special meeting Of the stockholders Of this 4
corporation.
ARTICLE "
No stakeholder shall ever be liable or re-
spOnsible for the contracts or faults of this
corporation in any further sum than the
unpaid balance due the company on the
shares owned by or subscribed for by him
nor shall any informally in organization
have the effect OF rendering this charter
null and void, or of exposing the stockhold-
ers to any liability.
Thus done and passed at my Office, in the
city of New Orleans. on the day, month, and
year first above written, in the presence Of
Messrs. Byron L. Pond and Alexander Bud
gahl Jr., competent witnesses, residing In
this city. who have hereunto signed their
names with the appearers and me, notary,
after due reading of the whole.
Original signed)
III. RoMANsKI,
ii. ELMER GILCHRIST,
CHAs. III. PATTERSON,
III. u. +. PERKINS,