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

each year, commencing In the year 1912,
under the supervision Of three stockholders
appointed for that purpose by the board of
directors. Each director shall own In his
own name or in that Of firm whereof he
may be a member, at least five shares of
tne capital stock Of said corporation during
his term OF office.
Ten days previous notice In writing or
print shall be given each stakeholder OF each
election or meeting Of stockholders, to be
delivered unto each person or sent through
regular ordinary mail to the last known
post ONCE address OF any stakeholder.
At all elections or meetings each stock
holder shall be entitled to one vote, to be
cast by the owner, either in person or by
proxy, Tor each share of stock owned by
MIN or by firm OF which he Is member
and majority OF the votes east shall elect
and decide. Three directors shall consti-
Iute quorum for the transaction OF bust
ness and the board OF directors may make
and adopt or change and amend at their
pleasure all such bylaws, rules and regrIla-
lions as they may from time to time deem
necessary for the conduct and management
OF SAID business and moreover shall have
tull power and authority to contract debts
DorrOw money, issue notes, bonds and other
oDllgations and authorize issuance thereof
IN the name OF and on behalf OF said cor
poration and secure payment of same bv
mortgage or pledge OF its property. ANY
vacancy occurring in the board of directors
from any cause shall be filled by the re-
manning directors, but any such directors
elected to MI vacancy shall possess in his
own name or own in the name OF a firm OF
when ne Is member, the hereinbefore
corporation.
At their first meeting following each an
nual election the board Of directors shall
elect one OF their number to be president
one 10 he ylce-president and another to be
treasurer Of said corporation failure 10
elect directors on the date specified shall
not dissolve this corporation but the direc-
lo[s ana ofncers thereof then in office shall
= ri ~ IL,
tiOn 10 be held as early as practicable
thereafter upon notice TO stockholders as
above prescribed. In case OF absence OF
any director from the CITY OF New OrIeon,
or in case Of sickness or other diSabiIitv az
ealu director he shall have the right To
name and appoint in writing any other
stockholdsr having the aforementioned mum
per or shares or qualitica lions concerning
STOCK, 10 act for and represent him in said
representative capacity as a director dur
ing MS absence or sickness or disability.
coorSo 12nn ). DE Ben, Carl Schneider,
George A Watson, Charles REYNOLDS and
auam L. Rau, with the said John = De
ben as president. Carl Schneider as vice.
president, and George A. Watson as treas
nrst board OF directors and officers Of this
corporation, TO remain and serve as such
until the third Tuesday in March. 1919. or
until their successors are duly elected
ARTICLEv V.
NJ stocknolder shall ever be held liable
or responsible for contracts or fauIts q,
this corporation in any further snm tho.
the unpaid balance due on the shares Of
STOCK owned or held by him or his srm
on',r nor shall any mere informally in
organization have the effect of rendering
this charter null or OF exposing a stnrt
noi9er 10 any Liabilities beyond the amount
or his stock.
ARTICLE VI.
This act OF Incorporate may hs chan,
a u, n,oulHed; altered or amended with the
assent OF three fOurths in amount of the
SapHal stock OF this corporation; NAV he
dissolved by a vote of three-fourths OF the
saiu STOCK present or represented at any
ssna al meeting or the stockholders held
anu convened for such purpose after ten
uays prior notice In print or writing shall
nave Deen given or delivered unto each
sIoeknolder or sent him by mail to his last
known post Office address, AT the aynjrs
tion or this charter or the earlier disSoIu
ZION of this corporation its business and az
i isslrs snail be settled and liquidated by
o ohree commissioners 10 be selected and
CHOSEN for that purpose by and from
AMONGST the stockholders at a meeting held
or called and convened for that D1rnose
upon notice TO them in the manner afore-
The said commissioners shall remain Il,
once and be vested with full power and
autnority 10 dispose OF and sell any and all
assets OF this corporation, both real ana
Persohdl, ana convey full and complete title
therto and otherwise do and perform all and
every act or thing necessary and re0uisite
IN the liquidation OF said corporations bnsi.
ness, and In the event OF the death. resi.-
nation or inability OF any OF the said com
missioners TO act, the survivor or survivors
OF Them shall continue TO act and exercis.
unto liquidators. " III"
Thus done and passed In nv office in New
orleans In the presence OF Anna f. Carey
and Peter r. Ferrera, competent witnesses
OF lawful age. both OF this city, who here
unto sign their names together with said
date aforesaid ' N
Names of signers.) No shares
Witnesses
ANNA +. CAREY
PETER X. FERRERA
WYNNE G. ROGERS, Not. Pub.