The herald., 1911-09-28

slueratlOns, as the board or directors may
Transfers OF stock Of this corporation
snail be made only on the books OF this
corporation, subject to the regulations and
therefor.
Each and every stakeholder shall have a
vote for every share OF stock standing In
MS name on the books of this corporation.
Each stakeholder may give any other stock
holder his proxy, In writing, to represent
him at any and all meetings of the stock
holders OF this corporation.
This charter shall be In full force and
effect and this corporation shall be a going
concern as soon as the sum of three thou
sand dollars (S3,OO0.0O) OF its capital stock
shall have been subscribed for.
ARTICLE v.
All the corporate powers Of this corpora
ton shall be vested in and executed by
the board OF directors to be composed OF
three stockholders OF this corporation. and
two OF whom shall constitute a quorum for
the transaction of the business OF this cor
poration. The first board OF directors shall
be named In this charter, and every subse-
quent board Of directors shall be elected
annually on the first Monday of October.
All directors shall hold Office until their sue
eessors are duly elected and qualified. All
such elections shall be by ballot and shall
be conducted at the Office OF this corpora
ton under the supervision Of three commits
sioners to be appointed by the board of d.
rectors. Notice of every such election shall
uc given " the STOCKHOLDERS ten OayS prior
to the said election by letter directed to
each and every stakeholder addressed to him
as per the address given on the books of
this corporation. The board Of directors
shall hold ONCE for the term OF one year.
and any vacancy occurring during the term
shall be filed by election among the remain
ing directors. A failure to elect directors
on the date specified shall not dissolve this
corporation, but the directors then in ONCE
shall hold Office until their successors are
duly elected and qualified. Each director
shall own at least one share OF stock The
board of directors shall have the power 10
make and establish bylaws, rules and regu-
lations for the management OF this corpo-
ration to regulate the transfer Of stock,
agents and employees, as well as to fix their
compensation. Each director shall have
the power to appoint proxy in writing to
represent him at all meetings OF the board
OF directors, and said power or proxy may
corporation.
The board OF directors shall elect from
Its number president, a vice-president and
secretary-treasurer
The first board OF directors shall be the
following: Chas. ID. Frost, president; Ennis
A. Segrave. vice-presdent; Howard A. Sc
grave, secretary-treasurer.
ARTICLE vi.
Whenever this corporation shall be dis
solved, either by limitation or otherwise its
affairs shall be liquidated by two commits
sioners to be appointed from among the
stockholders to be convened in general meet
Ing for such purpose, OF which meeting, no
tice shall be given In the manner and time
prescribed by the next article OF this char
ter, and majority In amount of the capl-
tai stock OF this corporation represented at
the said general meeting shall be requisite
TO elect. And the said commissioners shall
remain In office until the affairs of the cor
poration shall have been fully lIquidated
ARTICLE VII.
This act OF Incorporation may be changed.
altered or modified or amended, or this cor
poration and the charter thereof NAV be
dissolved, with the assent OF three-quarters
OF the capital stock represented at a general
meeting or the stockholders convened for
that purpose. and after notice OF such meet
Ing shall have been given In one or more
newspapers OF the city of New Orleans Ia
once week for four weeks preceding the
said meeting and by a written notice to
each and every stakeholder as per the books
OF this corporation, mailed to him thirty
days prior to the date OF the said meeting,
at the post office address designated by him
in writing.
ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults of this corpora
ton in any further sum than the unpaid
balance due this corporation on the shares
OF stock owned by him, nor shall any infor-
mality In the organization OF this corpora
ton have the effect Of rendering this charter
null or OF exposing the stockholders 10 any
further liability than the unpaid amount re-
naming due on his stock Subscription.
The list OF subscribers hereunto annexed
shall serve as the original subscription list
of this corporation.
Thus done and passed In this city OF New
Orleans, on the day, month and year afore-
said, in the presence Of Messrs. Sidney Eek
erie and Il. A. Schuber, competent witnesses
who have hereunto signed their Names to-
gether with the said appearers and me, no
tary, after a due reading OF the whole.
(0riginal sgned) Chas. ID. Frost, 10
shares, 81 900; and Others. (WitDesses)
Sidney Eckerle, T.. A. Schuber.
SCoTr II. BEER, Not. Pub.
(SeaD
i, the undersigned recorder OF mortgages
in and for the parish OF Orleans, state Of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation OF the
Howard A. Segrave, Inc" was this day
duly recorded In my Office In book 1851,
folio 147.
New Orleans, Aug. oath, 1911.
(signed) EMILE LEONARD, DIR.
State OF Louisiana,
Parish OF Orleans.
This is to certify that the above and fore
going Is a true and correct copy OF the orig
inal act of Incorporation Of the Howard
A. Segrave, me-" together with the eertih-
cate OF the recorder OF mortgages FOR the
parish Of Orleans, except the names of the
subscribers thereto.
In faith whereof, have hereto signed my
name and afixed my seal, this oath day or
(SeaD Scorr r. BEER. Not. Pub.
aug 81 sep ! IA q 2s oct 1911