The herald., 1911-08-24

corporation Is organized and the nature of
the business TO be carried on by II are
hereby declared TO be to conduct a hotel.
restaurant and saloon business in this state.
ARTICLE III.
The capital stock OF this corporation IS
hereby fixed at the sum of ten thousand dol
lars $40 o OO). divided into and repre-
| santed by one hundred shares GOOl Of the
par value of one hundred dollars (SloO.Oo)
each, which shall be paid for in cash In
such amounts, and In such manner ana AT
such times as the board of directors may
determine, or the same may be issued at not
less than par value in full payment for pro
pprty actually received by or services actu-
when so issued shall be full paid and non
ARTICLE ".
This corporation shall have power and
| authority to contract, sue and be sued in
its corporate name, make and use a corpo-
rate seal (the same to change or alter AT
pleaSureD hold. receive, lease, hire and
purchase property. both real and personal,
and TO sell, mortgage or pledge the same 4;
borrow money. issue bonds, notes or other
: evidence Of indebtedness and assume the
same: hire, employ and discharge, all OIL
| GERS. agents and employees. and fix their
salaries and compensation and make such
bylaws, rules. and regulations for the pro-
! per management anu expedition Oh us dHdlTS
as may be necessary and proper. and alter,
amend and change the same at pleasure.
ARTICLE V.
The business and affairs Of this corpora
tiOn shall be managed and conducted by a
board of three directors. who shall be stock
| holders. and shall he elected at the annual
meeting of the stockholders to be held on
the first Monday OF July in each year; no
ticr OF which meeting shall be given by
mail Mt least five days prior to the holding
thereof. At said meeting every shareholder
shall be entitled to cast one vote. In person
or by proxy, on every share Of stock owned
by him at that time, and a majority OF votes
cast shall elect.
The board OF directors shall prescribe the
manner in which said meeting shall be held
and the votes east and the result ascertain
ed. The failure to hold any annual meet
ing shall not terminate the charter but the
officers then in Office snail continue In office
and shall summon an annual meeting as
soon as possible.
The board Of directors OF this corpora
tion shall exercise all the powers, both gen
eral and special. vested in the corporation
as fully in every respect as the same might
De exercised by the shareholders of the com
paDy and shall in no case be required 10
summon a meeting Of the shareholders Of
the company to ratify or authorize any act,
contract. alienation or encumbrance done or
entered into by the said board of directors I:
said board of directors shall have, power 70
appoint all agents, managers, clerks and
employees. and TO fix their salaries and
compensation. They shall have power 10
make. change. alter ana modify all proper
bylaws. rules and regulations for carrying
their charter into effect and for the manage
ment Of the business Of the corporation.
Said board OF directors shall at its first
meeting. after It's " election, elect a preSi-
dent. vice-president. and treasurer, and a
secretary. The secretary need not be a
shareholder or director.
Within ten days from the signing of this
charter the stockholders shall hold n meet
inu for tho nnrnnGn of plHFflnU thn nrSf
board OF directors and the officers OF the
company, and the directors and officers so
elected shall hold office until the first Mon
day Of July 1912. and until their successors
are duly elected and qualified.
Each board Of directors shall elect its own
officers and fill all vacancies occurring in
their number from death, resignation or
otherwise. Two members of the board shall
constitute a quorum for the transaction of
business. Any director unable TO attend
meetings of the board may give his proxy
TO another director.
Transfers Of stock shall not be recognized
unless made on the books of the company
by the owner or his duly authorized agent
and attOrncy-in-fact, and each share of
stock shall be entitled TO one vote, either in
person or by proxy at all meetings Of the
stockholders.
The corporation shall business
and become a going concern as soon as
three thousand dollars shall have been sub
Scribed OF its capital stock shall have been
subscribed for.
ARTICLE VI.
This act of Incorporation may be changed,
modified or altered, or this corporation NAV
be dissolved with the assent OF two-thirds
Of the capital stock present or represented
at a general meeting Of the stockholders
convened for that purpose after thirty days
prior notice of such meeting shall have been
given by publication in one Of the daily
newspapers published in the city OF New
Orleans once a week during said thirty DAYS.
and such changes as may be made in refer
ence TO the capital stock shall require in
addition forty days prior written notice by
mail to each stakeholder.