The herald. [volume] (New Orleans, La.) 1905-1953, 1911-04-27

The first Board of Directors Is hereby
declared TO be: Mr.. Gordon :. Orme. Mr..
julius r. Ross and Mr. James l.. Pilot,
with the said Gordon ;. Orme as presi-
dent the said James l.. Pilot as vice-pres-
ident and the said Julius Il. Ross as sec
| rotary treasurer.
Which said Board Of Directors and Off
GERS shall retain their respective offices I'M
| til the second Monday in April. 1912. or
until their successors are duly elected and
qualified. Any vacancies occurring In the
! Board Of Directors before the expiration Of
their term shall he filled by the stOckhold-
erS. after ten (lO) full days notice shall
have been sent to each stakeholder 10y mai
TO his last known address. Two (2) mem
berS of said board shall constitute a quo
rum FOR the transaction Of all business.
Said' Board Of Directors shall have the
power 70 make such bylaws. rules and
regulations as 1t deems proper. and to
hold. amend, break and revoke same AT
pleasure.
No director shall be allowed To sell his
stock without first Offering the same TO
the Board of Directors of this corporation
at It's then book-value. and the said offer
may be made Ia the board in writing and
II same Is not taken advantage of within
thirty days. the said stockholders shall
have thaTright to sell his stock To whom
they please.
ANY director shall have the right to be
represented by written proxy given to any
Stockhoider to represent him at any direc-
tors meeting. and any director may waive
any or all notices of meetings by written
notice 10 the secretary and each member
of the board. as also the stockholders shall
leave their last address with the secretary
of this corporation and their failing to do
81 shall be construed as a waiver Of all
notices.
All notices Of stockholders meetings IN
less herein otherwise provided for shall be
by ten ilOD days written notice in the
manner herein provided
This corporation shall retain first lien
on any stock of any stakeholder for anv
is Arufi ion l.V~h Inn,
and all transfers of stock shall be made
subject 10 this clause
All employees of this corporation shall
he considered as employed by the month I'M
less otherwise contracted with in writing
ARTICLE VI.
The failure to hold an election. or 70
elect either directors or officers of this cor
poration on the dav fixed. shall not forfeit
this charter or affect this corporation in
any any way, nut the then existing Board or
officers. or both. shall retain their respect
I've offices until a meeting can he held and
until such board or officers are elected
ARTICLE VII.
This charter may he amended altered or
modified, or the capital stock increased or
dlminiSed or the corporation dissolved
by vote Of threefOurthS Of the stock
issued at any meeting called for that pur-
pose. after forty (40D days written notice
thereof shall have been sent by the Secro-
tarv 10 each stakeholder at his last known
address.
At the dissolution of this corporation
either by limitation or otherwise. its af-
fairs shall be liquidated by the then Board
OF Directors or Such of them as may re-
main in office. who shall he vested with
full power to liqudate and wind up its
affairs.
No stakeholder shall ever he held liable
for the contracts or faults of this corpOr-
alton. nor shall any mere informally in
the organization hereof have the effect Of
rendering this charter null or of exposing
anv stakeholder to any liability Hereunder
Thus done and passed in my Office at the
city OF New Orleans, on the day. month
and wear herein first above written. in the
presence of Pierre A. LelOng. Jr.. and Law
renee VI. Janin. competent witnesses. who
hereunto sign their names with the said
appearers and me. notary, after due read
ing Of the whole
tOriginal signedl
GORDON s. ORME,
JULIUS r. ROSS,
JAMES l.. Pilot.
Witnesses
+. 4. LELONG. JR
LAWRENCE VI. JANIN
W. MORGAN GURLEY Not Pub