The herald., 1911-12-21
ARTICLE V.

The affairs Of this corporation shall be
managed Dy a board OF directors. and all the
corporate powers of this corporation shall
DE- vested in and exercised BY the board Of
directors. 10 be composed Of thrre stock
nolde,>' 4 majority of whom shall conSti-
tuie quorum for the transaction of any
poration.
They shall have power 10 make all by.
laws, rules, regulations. and to alter or
change same. TO purchase ana acanire tho
property. business and goodwill Of any and
an OF the businesses of any kind or 10
form partnership with any persons or com
panies in any line with the objects and
purposes Of this corporation as they may
deem advisable, and 10 pay therefor in full,
PAID stock of this corporation. or cash or
paper LOT same; also to mortgage. pledge
or hypothecate the property of This corno-
ration Tor the purposes of its business
The said board of directors shall be elect
ed every three years by ballot of the stock
holders. Each stakeholder shall be entitled
IN person or by written proxy to one vote
Tor each share of stock owned bv him and
standing in his name on the books OF the
corporation, for at least fifteen DAYS prior
10 such election.
All elections shall be held under such
rules ana regulations as may be determined
ny the board OF directors. and after ten
DAYS notice of such election shall have
been gwen by mail, addressed 10 each stock.
holder at his last known address. or by pub
llShing in one of the daily NEWSPAPERS Dub
lished in the city Of New Orleans.
\ majority of the votes cast at such
election shall elect said directors
The directors thus elected shall continua
IN office for three years. and said directors
shall elect, from the board of directors. a
president. vice-president. and secretary.
The first election shall be held on the
fourth Monday of November nineteen hun.
Sped and fourteen. and. until then, Mrs.
Sl1npV E1ENp ri n oyl
ford +. Calongne shall constitute the first
board of directors, with Sidney T. Calongne
as president; Mrs, Sallie A Forshee. widow
OF Sidney \. CalOngne, as vice-president.
and MILFORD f. Calongne as secretary-treas,
urer.
ANY vacancy on said board Of directors
caused only by death shall be filled by the
remaining directors. for the uneXpirad term.
No failure TO elect shall be considered a
forfeiture of this charter.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation. nor, shall any
mere informality In its organization have
the effect of rendering the charter null or
void: or OF exposing a stakeholder TO pay
further liability than the unpaid balance
due on the shares Of stock owned by him.
ARTICLE VII.
This act Of Incorporation may be changed.
altered or modified, or the corporation may
be dissolved or go into liquidation by vote
of three-fourths OF the stock represented at
special meeting called for that purpose
after its objects have been made known by
ten days previous notice In writing. deliv-
cred o. mailed to each stakeholder of record
on the books OF this corporation to attend
said meeting. and upon complying with the
laws of the state Of Louisiana. Whenever
this corporation is dissolved. its affairs shall
fnd Inv fun af-ef 49, n
among the stockholders at said meeting to
wind up the affairs of said corporation
Said commissioners shall be elected by a
majority vote of the stockholders each share
OF stock voted shall count as one vote
However, said commissioners shall and must
be directors in the hereinbefore mentioned
corporation.
Thus done and passed in my notarial Of
fee, In the city of New Orleans, state of
Louisiana. on the day, month and year
above written, In the presence of Messrs
Leonard c. Vacher and Howell Carter, Jr,
competent witnesses, who hereunto sign
their names with the said appearers and me-
notary, after due reading of the whole.
Original signed) Ashley Calongne. 8
shares; Mrs. Sallie A. Calongne, 10 shares !:
Sidney E. Calogne, o shares; MILFORD F.
Calongne; s shares. (Witnesses): L. c.
vacher, Howell Carter, Jr.
ETHELRED NJ. STAFFORD,
Notary Public
/, the undersigned, recorder Of mortgages
in and for the parish of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of s. A.
Calongne,s Sons was this day duly recorded
in my Office, in book 1851 folio -
New Orleans. Nov %. 1911
tSigned) EMILE LEONARD, by. R.
true copy.
ETHELRED NJ. STAFFORD,
(Seal) Notary Public
nov 80 dec Z IA 81 % 1911 Jan 4 1912