The herald., 1911-04-20

stockholders or the board of directors. shall
be elected by a majority of the votes AZ
meeting of the stockholders or Of the direc-
tors as the case may be.
The quorum Of the board Of directors
shall be a majority Of the actual member
ship Of the board.
H. Romanski, as president: H. Elmer Gil
christ. as vice-preSident Charles III. Pattcr-
son. as secretary II. H. +. Perkins, as treas
urer: j. Zach. Spearing, f. ID. IIuntley. {.
4. Henson. DR. II. 4. Bailey and O.. g.. de
COligny shall constitute the first board of
directors and they together with such addi-
tional members as may be selected by the
present board, shall hold their office until
the second Tuesday in May. 1914, or until
their successors are elected and qualified /:
each subsequent board shall take their seats
Immediately following their election. or as
soon thereafter practicable. and shall
hold their Office till their successors shall
have been elected and qualfed
On the second Tuesday in MAY in 1914,
and annually thereafter AN election for di-
rectOrS by the stockholders shall be- held at
the office Of the company after thirty con
Secutivc DAYS previous notice Of such meet
ing shall have been given by advertisement
in two Of the daily English newspapers pub
lished in the city Of New Orleans. the first
advertisement appearing not less than thirty
days prior to the meeting, and the last ad-
vertiSement appearing on the day OF the
meeting.
Every board OF directors shall at its first
meeting after such election. or As soon there
after as practicable. elect president.
vice president, a secretary and a treasurer
from their own number.
\ failure 10 elect directors on the date
above specified shall not dissolve the cOrpo-
ration. but the then existing board of di
reCtOrS shall continue to hold their Offices,
and another election shall be held as soon
thereafter as practicable at time To De
fixed by the board Of directors then in office.
whereof fifteen 90 days prior notice shall
I Ia piyn in fba ma nh i.l.A
which said notices shall be full and complete
notice Ia all stockholders of such meeting
In the event no election takes place AT the
second meeting. the board then in Office shall
hold over until the next annual meeting. or
until their successors have been duly elected
and qualified.
Any vacancy occurring in said board Of
directors from failure to select the full
number or from any other cause. shall be
filled by the remaining directors. The board
Of directors may make such bylaws. rules
and regulations as they may think proper
for the transaction Of the business and af-
fairs or said corporation, and change. alter
and amend the same at pleasure. and shall
exercise all the powers Of this corporation.
appoint and hX the salaries of all officers.
clerks and employees not herein mentioned.
the same to change or dismiss AT pleasure
fix the salaries Of the officers provided here
in: sell. convey. mortgage pledge lease
and purchase rights. privileges. franchises,
property movable. immOvable and personal
make contracts and sign, or cause to be
signed by officers or directors. specially or
generally authorized by the board of dirpc-
tors all necessary acts. deeds and so forth
and adopt corporate seal the same 10
change. alter or dispense with at pleasure
and to do all things which may be- necessary
10 be done in the management of said bust.
ness and permitted by the laws applicable To
the corporation
ARTICLE VII.
This charter may be changed. modified or
altered. said corporation may be dSSOlv-
ed with the assent Of three fOurthS of the
amount of stock present or represented at
any general meeting OF said corporation
convened for such purpose after thirty days
previous notice shall have been given in the
manner provided in Article VI Of this char
ter.
ARTICLE VIII
Whenever this corporation Is dissolved,
either by Limitation or from other cause, its
affairs shall he liquidated under the super
intendence of three stockholders owning in
their own names not less than ten shares
each, 10 he chosen for that purpose by a
ma jOrity in amount of the stockholders pres
ent or represented at a general meeting of
the stockholders at which the election is
held. Said commissioners shall remain in
office until the affairs of said corporation
shall have been fully liquidated. In case
Of the death Of one OF said commissioners,
or Of the refusal or inability Of one of them
TO act, the survivors shall continue TO act
and shall elect another stakeholder with the
same qualifications in the place and stead
OF the commissioner who shall have ceased
10 act.
ARTICLE IN.
The president may In his discretion. and
shall tpon the written request Of not less
than two hundred and fifty stockholders.
holding in the aggregate not less than
twenty-five hundred shares of stock, call
special meeting Of the stockholders Of this
corporation.
ARTICLE
No stakeholder shall ever be liable or re-
spOnsible for the contracts or faults of this
corporation in any further sum than the
unpaid balance due the company on the
shares owned by or subscribed for by him
nor shall any informalIty in organization
have the effect Of rendering this charter
null and void, or Of exposing the stockhold-
ers TO any liability.
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
MeSsrs. Byron l.. Pond and Alexander Bud
gail, Jr, competent witnesses. residing in
this city. who have hereunto signed their
names with the appearers and me, notary,
after due reading Of the whole.
Original sgnedl
IL. RoMANsKI.
III. ELMER GILCHRIST,
CHAS. II. PATTERSON,
III. Y. f. PERKINS,
| BYRON L. PoND, And others.
ALEXANDER BUGDAHL. JR.
w. Mel. FAYssoUx, Not. Pub.
1. the undersigned deputy recorder Of
| mort ages. in and for the parish of Orleans,
state of Louisiana, do hereby certify that
| the above and foregoing act OF Incorporation
of the Interstate Cooperative Mail Order
Company, was this day duly recorded in the
| mortgage Office, parish of Orleans, in book
1918, folio =
New Orleans, La, April 18th. 1911.
(Signed) EMILE LEONARD,
Deputy Recorder Of Mortgages.
|, the undersigned, notary public. in and
| for the parish of Orleans, do hereby certify
| the above and foregoing to be a true and
correct copy of the original act of incorpO-
ration of the Interstate Cooperative Mail
Order Company. and of the certificate of the
| recorder Of mortgages for this parish there
unto appended and of record in my office.
In faith whereof. | have hereunto set my
hand and official seal on this 18th day of
| April, 1911.
(Signed) W. Mel. FAYssoUx.
Notary Public.
apl 2O-27 my 4-11-1s-25-1911
CHARTER
OF THE DRUMMERS' OIL COMPANY OF
Louisiana