The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-17

Of directors W inc p'alu
Said corporation shall commence business
ten thousand dollars OF the canitaI s,ool
shall nave been subscribed for
ARTICLE V.
All the corporate powers OF this corpora.
ZION shall be vested in and the management
ana control Of its affairs shall be exercised
siocabo oIara OF nve directors, composed of
constitute quorum for the transaction
OF all business. The directors shall he
e.ected annually by ballot by the stockhold-
each year. Each stakeholder shall be en-
Titled TO one vote for each share of stock
heid and owned by him, either in person
OF Dy proxy. All elections shall be held
aIter ten days prior notice by mail shall
nave Deen sent to each stakeholder at his
last known address. Failure to elect direc-
tors on the date specified shall not act
as forfeiture of this charter, but the di-
rectprs then in office shall act until their
successors shall have been duly elected and
quallned. Any vacancy occurring on said
BOARD from any cause shall be filled by
term.
immediately upon the signing OF this
cnarter the stockholders shall meet and
erect nVe directors who shall serve until
the election Of their successors, to be held
as herein provided.
Said board Of directors and all succeed
Ing boards, shall, at their first meeting.
eieet from their number a president, vice
OF thls corporation shall have the right
TO appoint and dismiss such clerks. man
ayers and other employees OF the corpora
tlOn as conditions may justify or the bust
ness OF the corporation require. The tenure
OF otflce or all employees OF the CORPORA
ton shall be during the pleasure Of the
board OF directors. Any OF the directors
tsrhF to- H..
instrument another director or stakeholder
10 act as his proxy and in his stead at any
and all meetings of the board OF directors.
ARTICLE VI.
This act of Incorporation NAV be
changed. modified or altered. or this cor
poratiOn ma be dissolved. with the assent
of three-fOurtGs OF the capital stock pres-
ent, or represented, at general meeting
OF the stockholders convened for that pur-
pose after ten days prior notice of such
meeting shall have been given by publica-
ton In one OF the daily newspapers three
times during said ten days.
ARTICLE VII.
Whenever this corporation Is dissolved
either by Limitation OF its charter, or from
any other cause, its affairs shall be lidui~
dated by three commissioners to be elected
from among the stockholders at a general
meeting or the stockholders convened for
that purpose, after thirty days prior no
tice OF said meeting shall have been given
by publication In one OF the daily news
papers published In this citv once a week
during said thirty days Said commission
ers shall remain In office until the affairs
liquidated. In case o. the death OF either
OF said corporation shall Fave been fully
OF said commissioners, the survivors shall
continue 10 act.
ARTICLE VIII.
No stakeholder Of this corporation shall
ever be held liable or responsible for the con-
tracts or faults thereof, in any further sum
than the unpaid balance due to the corpora
tiOn on the shares owned by him, nor shall
any mere informality In organization have
the effect of rendering this charter null,
nor of exposing a stakeholder to any liabil-
lty beyond the amount Of his stock.
Thus done and passed In my nOtaral Of
fee at New Orleans aforesaid, in the pres
ence Of William A. Wenck and Edgar G.
Gould, competent witnesses OF lawful age
and residing In this city, who hereunto sub
scribe their names together with said par
ties and me, notary, on the day and date
set forth in the caption hereof.
Original signed)
(SUBSCRIBERS.)
wM. A. WENCK
EDGAR G. GOULD.
wM. RENAUDIN,
Notary Public.