The herald., 1911-12-14
ARTICLE V.

An II LIZ '.
The affairs Of this corporation shall he
managed by board of directors and all the
corporate powers of this corporation shall
De vested IN and exercised by the board Of
directors, 10 be composed Of three stock
holders, majority of whom shall consti-
tute quorum for the transaction of anv
pOration
They shall have power to make all bv
laws, rules, regulations. and TO alter or
change same. 10 purchase and acquire the
property, business and goodwill of any and
all OF the businesses of any kind or TO
form partnership with any persons or com
panles In any line with the objects and
PURPOSES OF this corporation as they may
deem advisable, and to pay therefor in full
paid stock of this corporation, or cash or
paper for same; also to mortgage pledge
or hypotheeate the property of this corpo-
ration for the purposes of its business
The said board OF directors shall be elect
Ell every three years by ballot of the stock
holders. Each stakeholder shall be entitled
in person or by written proxy to one vote
Tor each share of stock owned by him and
standing in his name on the books Of the
corporation, for at least fifteen days prior
to such election.
All elections shall De held under such
rules and regulations as may be determined
by the board of directors. and after ten
days notice OF such election shall have
been gwen by mail. addressed TO each stock
holder at his last known address. or by pub
fishing in one of the daily newspapers pub
lished in the city OF New Orleans
A majority OF the votes cast at such
election shall elect said directors
The directors thus elected shall continue
in office for three years. and said directors
shall elect, from the board of directors a
president, vice-president. and secretary
The first election shall be held on the
fourth Monday of November, nineteen hun.
dr rTio and fourteen fourteen, and, until then. Mrs
longna, Sidney Edward CalOngne and vii.
ford F. CalOngne shall constitute the first
board of directors, with Sidney f. CaOngne
as president. Mrs. Sallie A. FOrshee widow
Of Sidney A. CalOngne. as vice-president.
and MILFORD F. Calongne as secretary treas
urer.
ANY vacancy on said board of directors
caused only by death shall be filed by the
remaining directors. for the unexpired term.
No failure 10 elect shall be considered
forfeiture of this charter.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts faults or
debts OF this corporation, nor, shall any
mere informality in its organization have
the effect of rendering the charter null or
void. or of exposing a stakeholder 70 pay
further liability than the unpaid balance
due on the shares OF stock owned by him.
ARTICLE VII.
This act of Incorporation may be changed.
altered or modified or the corporation may
be dissolved or go into liquidation by vote
OF three-fourths of the stock represented at
special meeting called for that purpose.
after its objects have been made known by
ten days previous notice in writing deliv-
cred o. mailed TO each stakeholder of record
on the books of this corporation to attend
said meeting, and upon complying with the
laws of the state Of Louisiana. Whenever
this corporation is dissolved, its affairs shall
be liquidated by two commissioners elected
among the stockholders at said meeting TO
wind up the affairs of said corporation.
Said commissioners shall be elected by a
majority vote of the stockholders. each share
of stock voted shall count as one vote
However, said commissioners shall and must
be. directors In the hereinbefore mentioned
corporation
Thus done and passed in my notarial Of
flee, in the city of New Orleans, state of
Louisiana, on the day, month and year
above written, in the presence of Messrs.
Leonard c. Vacher and Howell Carter, Jr.,
competent witnesses, who hereunto sign
their names with the said appearers and me,
notary. after due reading of the whole.
(Orig:nal signed Ashley Calongne. 8
shares; Mrs; Sallie A; Calongne, 10 shares
Calongne, shares (Witnesses) L. c.
yaeher, Howell Carter, Jr.
ETHELRED VI. STAFFORD,
Notary Public.
/, the undersigned, recorder of mortgages.
In and for the parish of Orleans state of
and foregoing act of Incorporation of S. A.
Calongne's Sons was this day duly recorded
in my office, in book 1851 folio =.
New Orleans, Nov. o. 1911.
(Signed) EMILE LEONARD, by. r.
A true copy.
ETHELRED VI. STAFFORD.
(SeaD Notary Public.
nov 80 dec IA 81 % 1911 jan 1912