The herald. [volume] (New Orleans, La.) 1905-1953, 1911-07-06

fer on the books of the corporation, the
corporation shall be authorized to treat the
recorded owner as the owner for all pur-
poses.
become a going concern as soon as hfteen
thousand ($lJ.OOOt dollars shall have been
subscribed TO the capital stock.
ARTICLE V.
All the power Of this corporation shall
he vested in and exercised by a board Of
five 60 directors, each of whom shall own
at least one share of the capital stock OF
this company. pursuant to such rules and
regulations as they may adopt. The said
directors shall he elected by ballot at an
annual meeting of the shareholders. under
the supervision Of two commissioners "i
election appointed by the board of direct
ors. which meeting shall be held on the
second Thursday Of March of each year
after due notice and advertisement in one
of the daily newspapers for ten days prior
TO the holding of such an election. At all
meetings Of the shareholders each share
holder shall b. entitled to cast one vote,
in person or 10y proxy, on each share OF
stock held by him, but no person shall
vote any stock transferred to him within
ten tlOl days prior To the holding OF an
election. At any meeting OF the board of
directors. any directors absent from thu
city may be- represented 10y any other di
rector. who may cast the vote Of the ab-
sent director according 10 lu' Written III
StruCtiouS of said absent director.
The board of directors shall have full
power and authority to sell. lease, mort.
gage or pledge any and all of the property,
movable and immOvable, belonging 10 the
company without referring to the stock
holders for power so to do, and they may
alSO purchaS" for cash. or on credit, prop
erty of any kind required for any of the
purposes Of the company without authority
of the shareholders; or make any contract
Whatsoever for and in the name of the
corporation.
The board of directors shall have full
power and authority to employ, appoint for
such time as they deem proper, and to dis
miss such managers, superintendent,
agents and employees as they see lit, and
10 fix their compensation.
The officers of this company shall be a
president. a vice president, secretary and
Il treasurer, the secretary need not be a
stakeholder or a director
Until the next general meeting of the
stockholders TO be held under this charter,
viz: on the second Thursday of March.
1912. the following named persons shall
compose the board Of directors, viz: T.. \.
Iharr. J. A. Pharr, J. T.. BurguicrcS. Jules
VI. BurguiereS, W. +. Luck with J. L.
BurguiereS as president, +. 4. Pharr as
vice president. T.. A. BurgTicrcS aS Secre-
tary. and Jules VI. BurguiereS as treasurer.
In case of any vacancy either in the above
named board of directors, or in any other.
the remaining members shall have the pow
or to ill the vacancies. and all directors
and officers Of this company shall remain in
office until their Successors are elected and
qualified. Failure 10 hold the annual meet
ing shall not dissolve the corporation, but
the meeting shall Ice held as soon as posi-
bic after the regular date, and after the
regular notices. which may he given by the
secretary or president, or if they refuse or
are unable TO act, then by any three stock
holders.