The herald., 1911-04-06
ARTICLE V.

affairs shall be vested In ana eAerClseu ~
a hoard of directors composed OF four STOCK
holders a majority of whom shall consul,
tute a quorum for the transaction OF all
business. A., z,oo,,5
Said board shall be elected on the second
Monday of January of each year except
when such day shall fall on legal holiday,
then upon the next following lay gay, une
stockholders shall elect board or directors
for the ensuing year, the board already IN
stalled TO continue to hold over until their
successors are elected and qualihed. Inc
board of directors, so elected shaIl sel .S
from their own number the omcers OF lhe
corporation, which shall be president, a
secretary and treasurer, and shall also eject
a local general manager and foreign gen
eral manager Each stakeholder shall be
entitled in person or by P PROXY and 10 sad eec
ton shall be held under such rules as snail
be provided by the board Of directors. A
majority Of votes cast shall elect.
Said board shall continue in office for one
wear and until their successors shall be duly
elected and qualified and no failure TO eject
shall be regarded as forfeiture OF this
charter.
be filled by the remaining directors for the
unexpired term of said vacancy, and said
board shall have the right to appoint and
dismiss at pleasure such clerks and other
employees of the corporation as may be nee
essary and expedient for the proper man
agement and control Of the said business.
The first board shall consist of Joseph
Vaccaro president; Felix Z. NaccarO, sec,
rotary and treasurer; Luca Vaccaro, local
general manager, and Salvatore Dantoni
foreign general manager.
ARTICLE vi.
Notice of all meetings Of stockholders for
electing directors, or for any other purpose,
shall be given in writing by the secretary,
| to be deposited in the mail, at least ten
DAYS before such meeting. directed to each
stakeholder at his last known address, APP
pearing upon the books of the corporation,
unless such notice is waived in writing by
all the stockholders appearing as such upon
'"e ~ ARTICLE VII.
No stakeholder shall be liable or respon-
sible for the contracts or faults or debts
| Of this corporation in any further sum than
| the unpaid balance due to the corporation
| on the share of stock owned by him, nor
shall any mere informality In organiza-
ton have the effect of rendering this char
| ter void.
Whenever this corporation is dissolved,
| either by limitation of its charter or for
any other cause, it's affairs and business
shall be hquidated by three commissioners
to be appointed from among the stockhold-
| ers at a general meeting thereof; such COM
missioners shall remain in office until the
| affairs and business of the corporal ton shall
| have been fully liquidated; and, in case OF
| the death OF one OF more OF suCn COn1ulSslUu-
ers the survivors or survivor shall continue
to act.
i ARTICLE TX.
This act Of incorporation may be modi.
| fed added to changed or amended or this
corporation may be dissolved by and with
| the assent OF the holders Of three-fourths In
amount of its then outstanding capital
stock, given at a general meeting Of the
| stockholders OF the corporation, to be con-
vened for such purposes, after ten days
prior notice to be given In one of the daily
newspapers, published In the City of, New
Orleans, in addition to the notice Of the
stockholders as provided above.
| Thus done and passed at my office, In the
| City OF New Orleans, on the day, month
and year first hereinbefore written in the
| presence Of Messrs. John B. Patorno and
| George Smart, competent witnesses, who
heerunto sign their names, together with
said appearers and me, Notary, after due
reading Of the whole.
Signed Joseph saccaro. 125 shares; Luca
vaccaro, 125 shares Felix T. Vaccaro. I2j
shares s. DAnotoni, rs shares, per F. T.
vaccaro. John B. Patorno, Geo. B. Smart