The herald. [volume] (New Orleans, La.) 1905-1953, 1911-11-09
ARTICLE V.

be vested in and the manageme Mt and con-
troll of its affairs shall be exercised by
board Of directors, to be composed of three
stockholders and two Of said board Of di-
rectors shall constitute a quorum for the
transaction of the business and affairs of
this corporation.
The board of directors shall be composed
OF James L. Dwyer, Charles A. Duchamp
and Alvin G. Mccormick.
Each board shall elect its own officers,
which shall consist Of a president, vice
president and a secretary treasurer.
The Officers Of the first board Of directors
shall be:
James T. Dwyer, president; Charles A.
Duchamp, yice-president, and Alvin q. Nc
Cormick, secretary and the said
board OF directors shall serve and remain
in office until the first Monday In October,
1912, on which said date, and annually
thereafter, the board Of directors shall be
elected by the stockholders at meeting
called for that purpose.
All directors and officers shall hold office
until their successors are elected and quail
fed, and any failure to elect directors shall
not be regarded as forfeiture OF this char
ter.
All such elections shall be by ballot, con-
Quoted at the office OF the corporation, I'M
der the supervision of three commissioners
to be appointed by the board Of directors !:
each stakeholder shall be entitled to one
vote for each share Of stock owned by him,
70 be cast in person or by proxy; and a
majority of votes cast shall elect. Any
vacancy occurring in the board OF directors
shall be filed by the remaining directors
FOR the unexpired term.
The board of directors may, from It's
members, appoint such committees as 1t
may deem proper for the management Of the
affairs and business of the corporation and
shall be vested with full power and author
ity to make all contracts, purchases and
sales, and adopt all bylaws, rules and regu-
lations for the government OF the business
and affairs of the corporation, and alter,
amend and change the same at pleasure.
ARTICLE vi.
All meetings of stockholders shall be
called by notice mailed TO the last known
address of each stakeholder, not less than
thirty days before the date fixed for such
! meeting.
ARTICLE VII.
This act of Incorporation may be. amend
| ed, modified or changed, or this corpora
| ton dissolved with the assent of three.
| foruths OF the capital stock, present or rep
| resented, at q general meeting Of the stock
| holders convened for that purpose.
| Whenever this corporation shall be dis
| solved, either by limitation or from any
| other cause, its affairs shall be liquidated
| by three commissioners to be appointed for
| that purpose from among the stockholders
| at meeting of the stockholders convened
for that cause. Said commissioners shall
remain in office until the affairs of said
L IN
| vacancy occurring among them from any
| cause shall be filled by the remaining com
| missoners.
ARTICLE VIII.
No stakeholder shall lbe liable or respon
| sible for the contracts or faults of thi:
| corporation, In any further sum than the
| unpaid balance due on the shares of stocl
| owned by him nor shall any mere infor
| mality in organization have the effect OF
| rendering this charter null or subjecting any
| stakeholder Of any libility beyond the un
paid amount due on his stock
Thus done and passed In my office II
the city OF New Orleans, in the presence Of
John c. Baumann and Adolph Henriques
competent witnesses of lawful age resi-
dents Of this city and parish, who hav,
hereunto subscribed their names, together
with the said appearers and me, notary
Original signed: Charles A. Ducamp. II
shares; James T. Dwyer, 10 shares; Alvir
G. McCormicy, 10 shares.
John c. Baumann, Adolph Henriques.
EDoUARD F. HENRIQUEs,
| Notary Public.
| I, the undersigned, recorder of mort
! cages in and for the parish of Orleans
| the above and foregoing act of incorpora
ton Of the MCCORMICK DELINTER COM
| PANY was this day duly recorded in m,
| office in Book 1851, folio\..
| New Orleans, October Q. 1911.
| EMILE LEONARD, d. r.
l hereby certify the above and foregoin.
| to be true and correct copy of act o.
| Incorporation on file and Of record In my
notarial office.
| BDOUARD F. HENRIoUEs,
Oct. IL, 10. 2e; Nov. 2. Q, is, %. 1911.