The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-12
ARTICLE II.

ARTICLE II.
The domicile OF said corporation shall be
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-
tary 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 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
stock, and to conduct and carry on an ex-
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 w.
The capital stock of this corporation is
hereby fixed at the sum of five thousand dol
lars ls5,O0O.OO), to be represented by fifty
600 shares of stock of the par value OF
one hundred dollars ($1O0.O0) each, all of
which said stock shall be subscribed for at
the time Of the organization Of this CON-
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 fundamental
condition attached to the stock OF this cor
poration, 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 at 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.
ton shall be vested in, and all its business
and affairs managed and directed by board
Of three directors, who shall be elected an
nually at a 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 a majority Of the votes
cast shall elect. The directors shall hold
office for the term of one year, and until
their successors shall have been elected and
qualified. The directors shall elect a presi-
dent, yice-president, who shall be general
manager, and secretary-treasurer, from
among their number In case Of a vacancy
occurring on the board from death, resigna-
ton or otherwise, the remaining directors
shall NIL 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
and to fix their compensation. They shall
have the right to discharge or release any
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: III
f. MCGEE, Frank MeHenry and Clarence
McC. Hopkins, with the said III. III. Niece
as president, Frank McHenry as vice-presi
dent and general manager and Clarence
McC. Hopkins as secretary-treasurer, shall
De ana are hereby constituted the first boart
OF directors and oflcers Of said CORPORATION
and shall hold their offices until the firs-
| Monday In September, 1912, or until theil
successors shall have been elected and quail
| fed.
ARTICLE VIII.
Whenever this corporation Is dissolved
either by limitation or otherwise, Its affair,
shall be liquidated by three liquidators Il
be elected by the stockholders at a genera
meeting convened In accordance with AR
ticle TX Of this charter. The said liquidat
ors shall remain In ONCE until after the az
fairs OF said corporation shall have beer
fully liquidated. In the event of the deatl
OF any OF said liquidators, or of a vacancy
occurring among said liquidators from any
other cause, the said vacancy shall at once
be filled by the two remaining liquidators.
ARTICLE TX.
This act Of Incorporation may be changed
altered or amended, or said corporation NAV
De dissolved by vote Of three-fourths IN
amount Of the capital stock represented al
a general meeting Of the stockholders. con.
vened after thirty 1907 days previous no.
tice or such meeting shall have been pub
lished In one Of the daily newspapers in the
city Of New Orleans.
Any changes proposed or made In refer.
ence to the capital stock shall be made In
accordance with the laws Of the state Of