The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14
ARTICLE III.

The capital stock of this corporation is
hereby fixed al the sum of five thousand dol
lars (S5,OO0.0O), divided into and repre-
sented by fifty shares of the part value of
one hundred dollars (S10000) each, which
stock shall be paid for in cash, at such
times and In such amounts and manner as
may he fixed by the board of directors.
Said corporation shall become a going
concern and shall commence business so
soon as the full amount of five thousand
dollars subscribed for shall be paid up.
Transfers Of stock will not be recognized
unless transferred on the books of the COM
pany by the owner or his duly authorized
agent or attorney in fact All stock or
for sale during period of thirty days.
ARTICLE ".
This corporation shall lhave power and
authority to contract, sue and be sued in
Its corporate name, make and use a cor
porate seal 1.-THE same to change or alter at
pleasure), hold, receive, lease, hire, pur-
chase, sell and convey, as well as mort
gage and hypothecate property both real
and personal to borrow money, execute
notes, bonds or other evidence of indebted.
ness, name and appoint such managers, of.
hcers and agents as the necessities and con-
Venienees of this corporation may require
make and establish such bylaws, rules and
regulations for the proper management and
expedition of its affairs as may be neces-
change the same at pleasure.
ARTICLE V.
All the corporate powers of this corpor-
alton shall be vested in and exercised by
board of three directors, composed of
stockholders, majority of whom shall con-
stltnte quorum for the transaction of all
The first board of directors of this cor
poralOn shall consist of Dan w. Feitel, A.
j. Sporting and Morris Burka, with the said
D L w. teitel as President and General
Manager, A j. Sperling as Vice President
ana Morris Burke as Secretary-Treasurer,
an OF whom shall hold office until the first
Monday In August, 1912, or until their sue
cessors shall have been duly elected and
On the first Monday in August, 1912, and
annually thereafter, an eelction for direc-
tors shall be held at the office of the cor
DURATION under the supervision of two COM
hIssl3hers appointed by the President, after
Ten days prior written notice shall have
been given by the Secretary Treasurer to
each stockholder, directed to his or her last
SHOWN sh ,I residence or place of business, and
tne directors then elected shall Immediately
take their seats and hold office until their
qualified anu
All elections shall be by ballot. and a
majority OF the votes cast shall elect and
eacn snare OF stock shall be entitled TO one
vote, either In person or by proxy, at all
meetings OF the stockholders.
All vacancies occurring in the board of
directors from any cause shall be filled by
the remaining directors. y
ARTICLE vi.
This act of incorporation NAV he changed
modined or altered, or this corporation NAV
De dissolved with the assent of there-fourths
OF the capital stock present or represented
at general meeting OF the stockholders
convened Tor that purpose after thirty days
prior notice shall have been given by pub
lication in one Of the daily newspapers
published In the City OF New Orleans, five
times during said thirty days.
ARTICLE VII.
Whenever this corporation ia dissolvaa
either by limitation Of its charter. or from
any other cause, its affairs shall be liouidat-
"a by three commissioner appointed from
among the stockholders at a general meet
ing or the stockholders convened for that
purpose, after thirty days prior notice Of
aid meeting shall have been given BY pub
icatfon In one Of the daily newspapers