The herald., 1911-04-13

stakeholder, at the discretion or the mem
bers Of the board. -
All the said officers and directors shall
hold their respective ofhces FOR a period OF
one % year from the date OF their eiee,
tion. or until their successors are duly
elected.
The term Of the first Board Of Directors
and officers herein named shall expire on
the first Tuesday OF April, 1911, or untlI
their successors are duly elected as herein
provided for. But the failure to hold an
election, or TO elect the officers as
above provided for, shall not result In me
dissolution Of this corporation, but the theh
Board OF Directors and officers shall hold
their respective Offices until their successors
are duly elected.
ANY vacancies occurring on said Board
OF Directors shall be filled by the remaining
members Of said board for the unefplred
term, at a meeting called for that purpose
after ten days prior notice in writing sent
by mail TO the said directors at their iaSt
known address, and IL the said board falls
10 elect at said meeting, then the election
NAV be made by the stockholders at a spe-
ciai meeting called for that purpose IN the
mannr herein provided for the election OF
directors.
The said Board Of Directors shall have
the mower to make all bylaws, rules and
regulations for the proper management ana
conduct OF the affairs of this corporation,
and to change, alter, amend or aDollsh tne
same at pleasure, and shall have and e1-
1 eTGlSP ali IL DO"tlS
this corporation and as set forth in TINS
charter.
The said Board Of Directors may also
delegate any Of said powers in the trans
action Of the business or this corporation 20
committee of their own body, or TO the ON
GERS and agents of this corporation.
All the employees OF this corporation,
except the omce OF President and Nice-Pres-
ident. shall be considered as employed by
the month, unless specially contracted with
in writing.
The first Board Of Directors OF this cor
poration Is hereby declared to be: wafer
lib. Chilean. Latta NJ. Aubrey, Edwin A. Nc
Koy. J. Lewis Thompson. Alex. thompson,
Uoxie thompson, with said ". Il. Chilean
las President the said L. NJ. Aubrey as Vice
President, and p. A. Devlin, as secretary
Treasurer, who shall hold their respective
Offices until their successors are duIy eIecteu
and provided for.
II shall be the duty OF the President OF
this corporation. or in the event OF his ina
lbility to act, then the Vlce-Presldent 10
call a special meeting OF the Board OF ~
quest to that effect, signed by two or more
directors, or upon a written request or ten
per cent of the stock Issued.
ARTICLE VI.
This corporation may be dissolved by
vote OF three-fourths (A) or the capita,
stock thereof. at a general meeting convened
for that purpose in the manner as ABOVE
provided. for the calling Of the meetings
hold annually for the election Of the BoarC
Of Directors, except that In that event !
notice in writing shall be sent TO eacI
stakeholder thirty days prior to SAID meet
ing at his last known address. Whenevel
this corporation Is dissolved, either by I'M
litation or otherwise, its affairs shall De IL
undated by three iiquidating commissioner
TO be elected at such general meeting; an.
in the case Of death, resignation or lnaDlIIL!
10 act Of any OF the said commissioners IN
surviving commissioner or COMMISSIONS
shall anDoint a successor and together the.
shall continue the liquidation to It's Ter
ARTICLE VII.
This charter NAV be changed or amended
land the capital stock may be increased o
ldiminished bv vote OF two-thirds t23) o
the canital stock, issued at a general meet
linz called for that purpose after thirty !"o
dave prior notice in writing having pee
sent, 10 each stakeholder at his last know
1''' ARTICLE VIII.
d M stakeholder shall ever be held liabl
T or responsible for the contracts or fauItS :
r This corporation or in any further sum INA
e the unpaid balance due the company T ~ o ~
shares OF stock owned by him, nor shall an
. mere informality in the ORGANIZATION mere
/. have the effect OF rendering THIS chartt
null, or OF exposing any stockholIeI ~ a.
liability beyond such unpaid balance tn0
! may be due on his stock. ,
5 Thus done and passed, In my once; IN a. o.
a civ OF New Orleans. louisiana, on the ga
month and wear first above mentioned
he nresence OF Pierre A. Lelong, Jr, an
lawrence NJ. Janin, competent mare ~
. nesses. here residing, who herenhto 81
n their names together with me salu aPPea
~ era and me, Notary, after due reaulng
the whole.