The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-28
ARTICLE V.

All the corporate powers of this corpora
ton shall be vested in and exercised by a
board OF directors composed of three I31
stockholders, two CD of whom shall con
stiute quorum in the transaction of bust
ness, which said directors shall be elected
at general meeting of the stockholders
10 be held on the second Monday in Janu-
airy or each year, and notice of said cleo
tion shall be given by letter TO be writ
ten ten tlO) days previous to the date of
sald election, and sent to the last known
address of each of the said stockholders
But election OF directors may take place
AT any time upon a special meeting called
by majority Of the stock outstanding uDon
ien-day notice, stating specially the OBJ
tect of said meeting.
The said board OF directors, at its first
meeting after each annual election, shall
elect from its members a president vice
president, and said board shall appoint a
secretaTy-treasurer.
The said board of directors may I'LL all
vacancies occurring on said board and aris-
Ing from any cause whatsoever.
At the first meeting Of the stockholders
OF this corporation, held under its charter,
the Officers and directors of the company
shall be elected, and such officers and di-
rectors shall hold their position as officers
and directors until the first regular meet
ing of stockholders, on the second Monday
Of January, 1913, shall be held. or until
and qualified. Until such election in 1913
the following shall constitute the officers
of the corporation: Richard 5. Alcus, pres
ident; Charles ii. Patterson, vice president,
and Secretary
treasurer; and the first board Of directors.
to hold office also untf1 said election in
1913, shall be Richard 5. Alcus, Charles H.
Patterson and Henry Alcus.
On the second Monday in January, begin
ming in 1913, shall he the regular day for
the meeting Of stockholders 10 elect direc-
tors; the failure TO elect directors on the
day specified, from any cause, or on any
no Iva Nhf
poration, but the officers and directors then
in office shall hold over until their success
sors shall have been duly elected and quail
fed.
In the event of failure to hold election
on the day stipulated, the president shall
call new meeting on ten-day notice, as
hereinbefore set out, as soon thereafter as
practicable.
At all elections and meetings Of stock
holders, each stakeholder shall he entitled
to one vote for each share of stock regis
tered in his name. and such registered stock
holder may vote In person or by proxy All
elections shall be by ballot.
ARTICLE vi.
The board OF directors shall have full
of this company. and shall conduct, man
age and use the same as in its discretion
1t may deem mt and consistent with the
objects and welfare of this corporation.
and amend, any and all bylaws, rules and
regulations necessary and proper. I'm its
judgment, for the conduct, support and man
agement of the business and affairs of the
corporation, and 1t shall appoint such Off
GERS, agents, clerks servants, employees,
including the secretary trea surer of the cor
poration. or Others, as may be necessary for
the conduct Of its business, and shall fix
their compensation and shall have the right
to dismiss them at pleasure
All negotiable paper issued or accepted
by this corporation must be signed by the
president of the company.
director of this corporation shall have
the right TO vote by general proxy on all
questions OF administration relating 10 the
conduct Of the business Of the corporation,
btu should there be desire to exercise the
power herein vested of selling or mortgag-
Ing any Of the property of the company, the
directors can, on such matter. vote by proxy
only when the proxy specially details the
subject to be voted upon, and how the said
proxy shall be cast.