The herald. [volume] (New Orleans, La.) 1905-1953, 1911-04-27
ARTICLE V.

All the powers of this corporation shall be
rested In and exercised 0y the board OF dl-
rctors, composed of seven stockholders, any
bur Of whom shall constitute a quorum for
the transaction Of business The said board
q directors shall be elected annually on the
lN Wednesday In January of each year.
1912
All elections shall be by ballot at the
once Of the corporation under the super
/ rhion OF three commissioners to be appoint
. Cd BY the board of directors, and in the alb
knt OF any commissioner, the president
snail have the power to fill the place by
+ appointment, and Of all such elections as
vel as meetings Of stockholders, except for
ne purpose Of liquidation or dissolution, or
= otherwise required by law, ten days no.
ure shall be given by mailing TO each stock
Wider who appears as such upon the books
g the company, at his last designated ad-
avs or to the General Delivery at New
Heans. II he has not designated an ad-
nsS an announcement stating the time
- the place Of the meeting. Each share
eader shall be entitled TO one vote for each
1aie Of stock standing in his name on the
sos OF the company, cast in person or by
FoY and the majority of the votes cast
~ elect The board Of directors shall
ave The power 10 fill all vacancies that may
xeuf on the board. Failure to elect direc-
w N the day above specified shall not dis
I've tne corporation, but the directors then
once shall remain In Office until their
A,sessors are elected. and qualified.
-. sue notice OF another election shall forth
( ~ snn pe given, as above provided. Such no.
80 Oh eiection shall be continued TO be
S'1 until an election Is held The board
~ directors at the first meeting following
annual election shall elect from their
Nr . president, a vice-president, a sec
". ana treasurer, all of whom shall be
Ennoiee =, and such other officers as the
An snail deem necessary. The board
49, nave the power in its discretion to
No or more Of the above or other
- ana the same to confer upon one
cis 1919 ana shall have the power 10 fix the
- 'xs q all officers and of such other Off
S,s.sst ney deem necessary. The baord of
5sS,ssss snail have the power TO make and
- nn as well as alter and amend all by
49, rules and regulations necessary and
rs 49, fa. LOT the support and management OF
~, eslness and affairs of this corporation,
inconsistent with its charter.
"a s.s sSid board shall also have full power
pss,sa.ss to borrow money through the
$500 or some other duly authorized
-. or agents; to execute mortgages and
NH a"es, ponds or other obligations in
hsi, manner and on such terms as in
oss-.i augment may be advantageous, and
IL n,a.y 70 DO all the things necessary for
n ~. carrying on of the business of the
~ eo,,Poration; as also 10 issue and de-
~. wi, paid shares of stocks and bonds or
n,ms vesieations Of the said corporation in
kSr ~ the money borrowed or money,
rrrjy.sse sssices, property or rights actually
~ .se ~ the said Corporation, as hereto
iorth. At any meeting of the board
ner9inr any director absent from the
d,erscs may be represented by any other
MI a., VINO may cast the vote of said alb
91ors;o' according 10 the written in
knrl ~ g, OF the said absent director The
q ~. uirectors shall have the power, by
III I.oi not less than four directors, 10
eA<,~sse, mortgage (by bond mortgage or
& NoUer,, or 10 pledge any or all of the
IN movable and immovable belonging
4nape thaporation, or TO receive in ex-
= ofk.s sreior, money or stocks or bonds
1fho,s oeigations of another corporation
~ nos .eierring 10 the shareholders for
s n,eSss.sr 10 do so. And they may also
81 ~ Ior stock In this company or for
Q1pS on On credit, property of any kind re-
>ornfio. any OF the purposes Of the cor
hl1em without authority Of the share
- x. me next meeting 10 be held under
4<ressa..~r, or until their dulg qualified
NM ~ are elected and Installed. the
6>ors. Il directors shall be composed of
\ lII,s, smith, ii. B. Hearn, L. i. Tatum,
Z 49, w Brewer, A. ]. Chapman and
~ q enpsk' with Geo. H. Smith as presi-
1r, d Hearn as vice-president. w.
m. - secretary and E. Miller as treas