The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-08

for cash at not less than par, or for labor
done, or property actually received by said
corporation.
The corporation shall become going con-
Germ and be authorized to do business as
soon as one hundred (1OO) shares Of the
capital stock shall have been subscribed for
ARTICLE V.
All the corporate powers OF said coruor-
alton shall be vested in and exercised by
Board OF Directors 10 be composed OF
i've To- persons to be elected annually on
the second Monday OF March In each year.
except the first Board Of Directors named
in this charter. This first Board OF Direc.
tors shall hold their office until the second
Monday OF March, 1912, or until their sue.
ceSSors have been duly elected and qualifed.
All such elections shall be held by ba Hot
and conducted at the office Of said corpora.
ton, under the supervision OF three g,
commissioners, TO be appointed by the boa I'd
Of directors.
Notice Of such election shall be given h,
me secretary OF the company by publica.
tlOn Tor not less than ten (lOD DAYS prior
thereto in newspaper published in the
farlsn OF Orleans, State OF Louisiana.
AT all such elections and at all corporate
meetings, every stakeholder shall be emit
tied to one vote for each share OF STOCK
standing in his name on the books OF the
| sy, TO be cast in person or by his
written proxy, and three-fourths OF tbq
votes cast snail elect.
Any vacancy among the directors b,
9eath' resignation or otherwise. shall be
term by the remaining directors
failure TO elect directors on the date
doOFe Speclned shall not dissolve the cor.
poratlon, nor impair its corporate manage
heht but the directors then in Office shall
elected and qualified
The Board OF Directors shall elect from
| their own number a president, a yice-Dresi
deht ana secretary treasurer. The sec
TetSry-treasurer may or may not be a mem.
Der OF the board and the Board ~ Dire
tors shall have the power to divide the or
nee or secretary-treaSurer into two (2) of
| noes ana create the office OF secretary and
the ONCE OF treasurer. They NAV from time
| 10 time name and appoint all such Officers
ana agents as 1t may deem necessary FOR
the purposes and business of the corpora
tlon. They shall have power TO fix and de
me me duties or every officer and employee
ana all Officers and employees shall hold OF
nee ana employment at the pleasure Of the
board The board may make and establish
as well as alter and amend, any and ali
oy-iaws' rules and regulations necessary
I ana proper in its judgment for the conduct
support and management OF the business
ana AFFAIRS OF said corporation.
The board shall have full power and au
| thority TO borrow money, TO execute mort.
cages and to create liens; to issue bonds
hO'tS anu DlutT ODllIdIlOnS, and generally
to do all things reasonable. convenient and
necessary for the proper carrying on OF the
business Of the corporation
Inc board may issue full paid shares of
or property actually received by said cor.
poration.
Every member Of the Board of Directors
In case OF his absence from the domicile OF
the company, at any time shall have the
right to name and appoint, in writing a
hn az Oh AlN
sent him and to sit and vote in his place
and name at all meetings Of the Board of
Directors which may take place during his
absence from the domicile Of the company.
ARTICLE vi.
Whenever this corporation may be dis
solved, either by limitation or from any
other cause, Its affairs shall be liquidated
by three 90 commissioners, to be appoint
ed from amongst the stockholders at a gen
eral meeting or the stockholders convened
Tor such purpose, of which meeting notice
snail be given in the manner and time pro-
vided for stockholders meetings by Article
VII of this charter, and three fourths in
amount of the capital stock Of said company
represented at such meeting shall be re-
quisite to elect. Said commissioners shall
remain In Office until the affairs of said
corporation shall be fully liquidated. IH
case of the death of one or more of sa "a
commissioners, the vacancy shall be filed
by election by the surviving commissioners.
ARTICLE VII
This act Of Incorporation may be modl-
fed, changed, or altered, or SAID CORPORA
tion may be dissolved with tue assent of
three-fourths of the capital stock represent
ed at general meeting of the stockholders
convened for such purpose, and after notice
shall have been given in one or more news
papers published in the City Of New Or
70 IL.
Ing the meeting and by a written notice to
each stakeholder mailed to him thirty DAYS
prior to the date of the meeting, at the post
of1ce address designated by him In writing.
Any change proposed or made In refer
ence to the capital stock shall be made in
accordance with the laws of the State OF
Louisiana, on the subject Of altering the
capital stock Of corporations.
ARTICLE VIII.
No stakeholder shall ever be liable for
the contracts or faults of said corporation
In any further sum than the unpaid balance
due the corporation on the shares Of stock
owned by him, nor shall any mere infor-
mality in organization have the effect of
rendering this charter null, or Of exposing
stakeholder to any liability beyond the
unpaid amount remaining due on his stock.
ARTICLE TX.
A. V. Fournet. Martin J. VOORHEES,, F.
Rouge, John =. Clark and J. Edward Crusel
have been chosen and selected as the first
Board of Directors OF this corporation. with
]. Edward Crusel as president, Martin j.
VOORHEES, as vice-president, and c. F. Swan.
as secretary-treasurer, to hold office until
the second Monday In March, 1912, and I'M
til their successors have been elected and
qualified.
The subscribers hereto have respectively
written opposite their names the amount of
stock In this corporation subscribed for by
each Of them, 50 that this act Of incorpora-
ton may also serve as the original sub
scription list Of said corporation.
Thus done and passed at my office. In the
City Of New Orleans, on the day, month and
year first above written, in the presence of
Frank W. Hart and John Dahmen, Jr, COM
petent witnesses, who have hereunto signed
their names, together with the said appear
ers and me, Notary, after due reading of
the whole.
Original Signed: J. Edward Crusel, "a
shares, $1,000; Martin J. VOORHEES,, 33
shares, $1,000; A. V. Fournet, 33 shares,
$4,000; c. W. Mcbride, 25 shares, $4,000
FIR. Rouge, 10 shares. $1,000; John f.
Clark. 10 shares, $1,000.