The herald., 1911-04-20
stakeholder, at the discretion of the mem

stakeholder, at the discretion Of the mem
beers OF the board.
! All the said officers and directors shall
hold their respective Offices for a period OF
one % year from the date of their elec
ton, or until their successors are duly
elected
The term OF the first Board Of Directors
and officers herein named shall expire on
their successors are duly elected as herein
provided for. But the failure to hold an
annual election, or to elect the officers as
above provided for, shall not result in the
dissolution of this corporation, but the then
Board Of Directors and officers shall hold
their respective Offices until their successors
are duly elected.
Any vacancies occurring on said Board
lof Directors shall be filled by the remaining
members OF said board for the uneIpired
term, at meeting called for that purpose
after ten days prior notice in writing sent
by mail to the said directors at their last
known address, and II the said board fails
to elect at said meeting, then the election
may be made by the stockholders at a Spe-
cial meeting called for that purpose in the
mannr herein provided for the election of
directors.
The said Board Of Directors shall have
the power TO make all bylaws, rules and
regulations for the proper management and
conduct OF the affairs OF this corporation,
and to change, alter, amend or abolish the
same at pleasure, and shall have and eI-
ercise all the powers conferred by law on
this corporation and as set forth in this
charter.
The said Board Of Directors may also
delegate any OF said powers In the trans
action Of the business OF this corporation TO
committee OF their own body, or TO the off,
GERS and agents of this corporation.
All the employees Of this corporation,
Except the once OF President and Vice-Pres-
ident, shall be considered as employed by
the month, unless specially contracted with
| in writing.
The first Board Of Directors OF this cor
poratlon is hereby declared to be: Walter
Il. Chilean, Latta NJ. Aubrey, Edwin A. Nc
KOy, J. Lewis Thompson, Alex. Thompson,
Hoxie Thompson, with said ". B. Chilean
as President the said L. VI. Aubrey as Vice
President, and p. A. Devlin. as Secretary
offices until their successors are duly elected
and provided for.
1t shall be the duty OF the President OF
this corporation, or in the event Of his ina
| bility to act, then the Vice-President, TO
call a special meeting of the Board OF Dl-
rectors Of the stockholders, on a written re-
quest TO that effect, signed by two or more
directors, or upon a written request OF ten
| per cent OF the stock issued.
ARTICLE VI
This corporation may be dissolved by
vote OF three-fourths ca OF the capital
stock thereof, at a general meeting convened
for that purpose in the manner as above
provided, for the calling Of the meetings
held annually for the election OF the Board
OF Directors, except that In that event
notice In writing shall be sent TO each
stakeholder thirty days prior to said meet
ing at his last known address. Whenever
this corporation Is dissolved, either by lin
ltation or otherwise, It's affairs shall be IL
quidated by three liquidating commissioners,
to be elected at such general meeting, and
in the case Of death, resignation or Inability
10 act OF any OF the said commissioners, the
surviving commissioner or commissioners
shall appoint a successor and together they
ARTICLE VII.
This charter may be changed or amended,
and the capital stock may be increased or
diminished by vote OF two-thirds (2-3) OF
the capital stock, issued at general meet
ing called for that purpose after thirty 800
days prior notice in writing having been
sent to each stakeholder at his last known
address.
No stockholder shall ever be held liable
or responsible for the contracts or faults or
this corporation or in any further sum than
the unpaid balance due the company on the
shares OF stock owned by him, nor shall any
mere Informallty in the organization hereof
have the effect OF rendering this charter
null or Of exposing any stakeholder 10 any
liability beyond such unpaid balance that
may be due on his stock.
Thus done and passed, in my office, In the
CITY Of New Orleans, Louisiana, on the day
month and year first above mentioned, In
the presence Of Pierre A. Lelong, Jr., and
Lawrence VI. Janin, competent male wit
nesses here residing, who hereunto sign
their names together with the said appear
ers and me, Notary, after due reading or
the whole