The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-01
ARTICLE ~.

ARTICLE ~.
Inc capital stock OF this corporation +
hereby liked at the sum of one hundred tho,,
Sahd dollars (S100,00O. OO), divided int,
1 al anepresented by one thouand share,
LLVvo) or stock OF the par value of ON,
munGred dollars lS1OO00) each. The sal,
STOCK may he paid for at such times and I,
such amounts. and after such notice to m,
SUBSTITUTES, as may be fixed by the Roar,
ol directors; the said stock NAV be iSsun,
tpr caSh AT not less than par, or for Iabol
cone, or property actually received bv sai
; corporation. " Salo
The corporation shall become a roing co,
FERN ana be authorized to do business as
oooH as one hundred 10O) shares of the
capital stock shall have been subscribed for
ARTICLE V.
All the corporate powers OF said corr,or.
a''g P siall DE vested in and exercised by
| a. boaru OF Directors to be composed 81
| I'VE to) persons to be elected annuaIIv on
me second Monday OF March in each yaar
except the first Board OF Directors named
, ~ ms Quarter This first Board Of Direc-
Ms Ms shall hoId their office until the second
Monday OF March, 1912, or until their snc'
ceSs0rs nave been duly elected and 0uaIiGad
All such elections shall be held bv ballot
| ana conducted at the Office Of said Sornoro'
| ton. under the supervision OF tbrea POI ~ q,
| of directors. ~ '"e Ooa'd
Notice OF such election shall be given nv
tne secretary OF the company by nuhitc5
thereto for Il, NOT less tina, ten (1O) days prior
1neLtio IN newspaper published in Tho
ldiish or orleans, State Of Louisiana
"a. an such elections and at all cornora+a
tie5 tilss' every stakeholder shall be enti
stand IN one vote Tor each share Of stock
o.anuins IN MS name the books Of tho
coLnpahy 10 be cast in person or Inv III
written proxy, and three-fourths az tn
'otes cast shall elect. ~"
Any vacancy among the directors br
tIiad br reSisnatloh or otherwise, shall be
t niIeu 10y erection for the remainder OF tho
term ny the remaining directors
lallure to elect directors on the date
Move specified shall not dissolve the cor
pOratlon, nor impair its corDOrata moroC,n
ment. but the directors then in ore shs r.
remain In office until their snccaSSors nnd
elected and qualified "'e
Inc Board OF Directors shall elect fro,
daut om1 number a president, a vice-presi-
u uet, anu secretary-t treasurer. The sec
,etaTy treasurer may or NAV not he a nam
per or the board and the Board ~ Dire
sors shall have the power to divid. the M.
fces VI arS @ treasurer into two (2) of
uces ana create the Office OF secretary and
.ne oIhce or treasurer. They NAV from time
10 time name and appoint all such Officers
anu ana agents as 1t may deem necessary FOR
tne purposes and business of the corroro
tlon They shall have power to fir ana a.
nne the duties OF every officer and empIoyee
a S an omcers and employees shall hold OF
hoe hoe "a ana employment at the pleasure Of the
ooard The board may make and es+ehliSb
as well as alter and amend. anv and % ~
bylaws, rules and regulations necessary
anu proper IN Its judgment for the conduct
SUPPORT and management of the business
ana auairs OF said corporation
thd Inc board shall have full power and au-
thorlty TO borrow money, TO execute mort
cages ana 10 create liens; TO Issue bonds
notes and other obligations, and generally
10 90 all things reasonable, convenient and
fn hA
business Of the corporation. VI '"e
Inc BOARD may issue full paid shares of
STOCK Tor cash, or in payment of labor done
OF property actually received by said cor,
Every member of the Board OF Directors
In case OF his absence from the domiciIe %;
me company, at any time shall have the
rlght TO name and appoint, in writing
proxy VINO must be stakeholder, to repre-
sent him and to sit and vote in his nfaco
and name at all meetings of the Roard ~
directors which may take place during his
absence from the domicile Of the company.
ARTICLE vi.
Whenever this corpora ton NAV he dis
solved, either by limitation or from anv
other cause, Its affairs shall be liauidated
by three (3) commissioners to no annoint |
ed from amongst the stockholders at a gen
eral meeting Of the stockholders convened
ror such purpose, of which meeting NOTICE
snaIi be given in the manner and time pro-
vlded for stockholders meetings by Article
VII or this charter, and three fourtbs in
amount OF the capital stock of said company
represented at such meeting shall be re-
lulSlte 10 elect Said commissioners shall
remain In office until the affairs OF said
corporation shall be fully Iiquidated. In /
'ase OF the death of one or more OF said
commissioners, the vacancy shall be filled {
~ election by the surviving commissioners {
ARTICLE VII ,
This act Of Incorporation may be modi- /
led, changed, or altered, or said corpora q
ion may be dissolved with the assent ot
hree- fourths Of the capital stock represent s
Vi at general meeting Of the stockholders |
onvened Tor such purpose. and after notice I
man nave been given in one or more news Q
'apers published In the CITY of New Or {
cans, once week for four weeks preced | /
ng the meeting and by a written notice TO /
ach stockholder mailed to him thirty DAYS q
,r,or 10 the date OF the meeting, at the post {
NICE address designated by him In writing. S
Any change proposed or made In refer ,
nee TO the capital stock shall be made in c
ccordance with the laws of the State OF
louisiana, on the subject of altering the
apital stock Of corporations. ?
ARTICLE VIII. C
No stakeholder shall ever be liable for n
he contracts or faults Of said CORPORATION (
q any further sum than the unpaid balance
ue the corporation on the shares Of stock {
wned by him, nor shall any mere infor- S
1allty In organization have the effect of C
enderlng this charter null, or OF exposing {
stakeholder to any liability beyond the u
npaid amount remaining due on his stock u
ARTICLE TX. Z
A. V. Fournet Martin J. VOORHEES,. a
ouge, John J.. Clark and J. Edward Crusel G
ave been chosen and selected as the first II
oard or Directors of this corporation, with
Edward Crusel as president, Martin 7 a
oorhies as vice-president, and c. r. Swan e
; observation-disclosures. to hold office until q
le second Monday In March, 1912, and I'M p
l their successors have been elected and D.
laified. '"' ii
The subscribers hereto have respectively II
ritten opposite their names the amount Of \
ock In this corporation subscribed for by p
ich or them, so that this act of incorpora. m
on may also serve as the original sub II
'ription list Of said corporation
THUS done and passed at my Office in the n
lty of New Orleans, on the day. month and u
EAR first above written, in the presence of a
rank w. Hart and John Danmen, Jr, COM o.
stent witnesses, who have hereunto signed
leir names, together with the said appear a.
$ and me, Notary, after due reading Of p
lie whole. ID
Original Signed: J. Edward CruseI, "a n
lares. $1,000; Martin J. VOORHEES,. 33 4,
lares. $4,000; A v. Fournet. SO shares, a,
$500; c. w. Mcbride, 25 shares $4,000 gi
:. Rouge, 10 shares. $1,000; John F.
lark, 10 shares, $1,000. -
witnesses: Frank VIM. Hart John Dab
en-, Jr. 4