The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11
ARTICLE III.


commencing on and to be- computed from
and after the date and day hereof.
ARTICLE H.
The domicile of this corporation shall he
in the City of New Orleans. State Of Lou
isiana. All citations and other legal process
shall be served upon the president of said
corporation or. in case Of his absence or
inability TO act, upon the vice-president or,
in the absence or inability of both the pres
idcnt and vice president to act, then upon
the secretary OF this company. The presi-
dent shall be the executive officer Of this
corporation; he shall preside at meetings
of the Board of Directors and stockholders
ARTICLE III.
The objects and purposes for which this
corporation is established and the nature of
the business to be carried on by IL are here
by declared TO be as follows, tO-wit:
To carry on and conduct a collecting, adj
iusting. auditing. accounting and agency
business; TO represent and act for and be
the agent of other persons or parties in any
and all matters above named or of any
other character. and generally TO do all
things necessary or convenient TO properly
conduct the business of this corporation.
ARTICLE w.
This corporation may sue and he sued in
its corporate name hold. have, receive,
purchase, convey, sell. mortgage, hypothe-
cate, pledge, lease and suitcase and enjoy
real, personal and mixed property; also
borrow money, make and issue notes and
bonds, make contracts: receive grants or
land. or of personal property; and make
and use a corporate seal, the same 10 alter
or break at pleasure, but the failure TO have
seal shall not invalidate any of the acts
or proceedings of this corporation; name
and appoint such managers. directors, ON
GERS clerks and agents as the interest and
pnn of IN
and through its Board of Directors make
and establish such bylaws, rules and regu-
latiOns for the proper management and reg
ulatiOn Of the affairs of said corporation as
NAV be necessary and the same to alter and
change at pleasure, and shall possess all
the rights. powers, and privileges to which
corporations are or may be by any general
law or laws of this state authorized and
entitled TO possess. Said corporation may
exercise Its corporate powers within any
other state or territory in the United States,
or foreign country that shall permit the
same.
The capital stock of this corporation is
hereby fixed at the sum Of twenty-five thou
sand and OO-100 (S25, 000.0O) Dollars, rep
resented by two hundred and fifty shares
of one hundred and 00-100 (S10O.OOD dol
lars each. All stock subscribed for shall
be payable at such times and on such
terms and conditions as the Board OF Di-
rectors may from time to time fix and de-
termine in each particular case, or by gen
eral resolution, or the Board of Directors
may issue certificates of paid-up stock In
payment of property or goods actually de
Iiyered TO this corporation or for services
actually rendered to Ii, or for rights, priv
ileges or franchises transferred TO II, the
valuation in each instance to be agreed to
by the Board of Directors, which shall have
full and final power to do so.
All transfers of stock shall be made on
the books Of the corporation and shall be
signed by the stakeholder or by his attor-
ney
At all elections by or meetings Of the
stockholders each share of stock, whether
paid for In full or not. shall be entitled 10
one vote, to be cast either by the person IN
whose name the stock appears on the books
of this corporation at the time Of the vOt-
ing. or by his agent or proxy, duly author
lied in writing to that effect.
The company shall begin operation as
soon as thirty shares of the capital stock
are subscribed for or disposed Of.
Dividends shall be declared on the amount
actually credited on the capital stock with
out regard to the amount subscribed for.
Said capital stock may be increased In
the manner provided for by the laws of this
state. Whenever an increase of said cap
ital stock shall have been authorized or
additional stock issued, fifteen days writ
ten or printed notice shall be given to each
stockholder within which time persons hold
ing stock in this corporation shall have the
right to subscribe for said increased stock
or additional issue of stock in proportion
to the number of shares OF stock then neld
by them. and which additional shares shall
be paid for as the Board of Directors may
direct After the expiration Of said time
the Board Of Directors may dispose or the
shares not taken, for the benefit of the COM
pany in such manner and on such terms ana
conditions as they may think proper.
ARTICLE VI.
mi, Iz,-os. ona a1oirs and cornora 10
powers Of this corporation shall be trans
acted by a board of three directors to be
composed of stockholders thereon, and they
and each OF them shall be elected by a
majority of all the votes cast at meeting
to be held for that purpose.
As soon after the execution OF this char
ter as practicable, the subscribers hereto
shall hold a meeting and select those to
compose the first Board of Directors OF
this corporation and they shall hold office
until the second Tuesday In May 1912 or
until their successors are elected and quar-
flied each subsequent board shall take
their seats Immediately following their elee,
ton, or as soon thereafter as practicable
| and shall hold their Office until their sue
cessors shall have been elected and quail
| fed.
On the second Tuesday in May. 1912, and
annually thereafter, an election for direc,
tors by the stockholders shall be held al
| the office of the company, after ten days
previous notice of such meeting snail nave
| been given by advertisement appearing three
times in ten days in one Of the daily Eng.
fish newspapers published in the City OF
| New Orleans, the first advertisement ap
| pearing not less than ten days prior to the
meeting and the last advertisement appear
| ing on the day Of the meeting.
Every Board of Directors shall at It's
first meeting after its election or as soor
thereafter as practicable, elect president
vice-president and secretary from tneii
own number.
A failure to elect directors on the date
above specified shall not dissolve the cor
poration. but the then existing Board Of
Directors shall continue to hold their offices
and another election shall be held as soor
| thereafter as practicable at time to b.
| fixed by the Board Of Directors then In OF
| fee. whereof five days prior notice shall b'
given in the manner above provided, which
/ said notices shall be full and complete no
tice to all stockholders Of such meetings.
In the event no election takes place a
the second meeting, the board then In offic'
shall hold over until the next annual meet
ing or until their successors are duly eleete'