The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-05

in the city of New Orleans All citations
and other legal process shall be served upon
the president of said corporation and in
case OF his absence upon the vice president
and In case Of his absence upon the Secre-
ary-treasurer thereof.
ARTICLE III.
The objects and purposes for which this
corporation is established and the nature
of the business TO be carried on by ii are
hereby declared and specified TO be, to carry
on a general business for the purchase, sale
and dealing In horses, mules and other live
stock TO conduct and carry on stables for
the feeding, boarding and handling OF live
change where horses, mules and live stock
may be sold at public or private sale; and
generally to hold and exercise all such Incl
dental powers and privileges as relate to
the objects hereinbefOre set forth.
All of the above corporate functions may
be performed both in the state of Louisiana,
and In any of the other states Of this Union.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of five thousand dol
lars (S5,000O0), to be represented by fifty
900 shares OF stock OF the par value OF
one hundred dollars (S100.0O) each, all of
which said stock shall be subscribed for at
the time of the organization of this COM
pany and shall be paid for In cash before
any Of the said stock shall be issued.
ARTICLE V.
Transfers OF stock shall be made only on
the books of the company, subject to such
regulations and formalities as the board OF
directors may prescribe.
1t Is hereby declared to be a fundamental
condition attached to the stock of this cor
p0ration, which shall be expressed on the
face OF the stock certificates, that every
holder thereof shall, before he sells his stock
to any other person than an existing stock
holder OF the company, offer the stock to
the existing stockholders ut the price at
which he Is offered therefor by any person
not stakeholder, and no transfer of stock
shall be made on the books of the company
until proof Is administered that this cOndi-
ton has been complied with.
ARTICLE VI.
All the corporate powers Of said corpora
tion shall be vested in, and all its business
and affairs managed and directed by a board
or three directors, who shall be elected an
nually at stockholders meeting to be held
on the first Monday of September in each
year, commencing with the first Monday in
September, 1912. Each subscriber shall be
entitled to one vote for each share of stock
standing in his name, to be cast in person
or by proxy, and majority OF the votes
cast shall elect. The directors shall hold
ONCE for the term Of one year, and until
their successors shall have been elected and
qualified. The directors shall elect a presi-
dent, vice-president, who shall be general
and a OBSERVATION-DISCLOSURES, from
among their number In case Of a vacancy
occurring on the board from death, resigna-
ton or otherwise, the remaining directors
shall I'LL the vacancy until the next cleo
ton. The board Of directors shall have
power to make and establish all necessary
rules and bylaws for the government of
said corporation; to regulate the transfer of
stock. and enforce the payment Of unpaid
installments Of the stock subscription TO
appoint all such other employees. clerks,
agents, overseers and representatives as In
their judgment may be necessary for the
conduct of the business of the corporation.
R hade to fbf TX rr their 70 shall
employee at pleasure. The duties of the
various officers shall be fixed by the bylaws
of the company.
ARTICLE VII.
The following named persons, to-wit: II.
II. MCGEE, Frank McHenry and Clarence
McC. Hopkins, with the said III. H. MCGEE
as president. Frank McHeury as yiceJpresi-
dent and general manager, and Clarence
McC. hopkins as observation-disclosures shall
be and are hereby constituted the first boa nd
or directors and officers Of said corpora tion
Monday in September. 1912. or until their
fed. 1 yuan
ARTICLE VIII.
Whenever this corporation is dissolved.
either by Limitation or otherwise, its affairs
snail be liquldated by three liquidators ia
De elected by the stockholders at a general
meeting convened in accordance with Ar.
ticle IN of this charter. The said lIGuIdat.
ors shall remain In Office until after the AZ
fairs or said corporation shall have been
fully liquidated. In the event of the death
or any OF said liquidators, or OF a vacancy
occurring among said liquida tors from any
other cause, the said vacancy shall at once
be filed by the two remaining liquidators.
ARTICLE TX.
This act of Incorporation may be changed.
altered or amended, or said corporation NAV
be dissolved by vote OF three-fourtbs in
amount OF the capital stock represented AT
general meeting Of the stockholders, con-
Tened after thirty 900 days previous no.
Ice or such meeting shall have been pub-
ished In one Of the daily newspapers in the
'ity OF New Orleans.
Any changes proposed or made In refer
nee to the capital stock shall be made in
accordance with the laws of the state of