The herald., 1911-03-30
ARTICLE V.

All the corporate powers Of this corpor-
alton shall be vested in and exercised by
board of three 81 directors, who must
be stockholders and who shall be elected
annually on the second Tuesday In March
of each year, by the stockholders, commenc-
ing on the second Tuesday in March, 1912,
at which time the officers Of this corpora
ton shall also be elected by the board from
among their members, or as soon thereafter
as possible and the directors and officers
shall hold their respective offices until their
successors are duly elected and qualified.
The said officers are declared to be Presi-
dent, Vice.President, and Secretary
Treasurer The office of Secretary-Treas-
urer may be filed by a person who may,
or may not be a director or stakeholder, at
the discretion of the board.
The first Board of Directors is hereby de
clared to be Charles W. Robinson, Jesse G
Rainwater, Robert G. Robinson, with the
said Charles w. Robinson as President,
said Jesse G.. Rainwater as Vice-President,
and the said Robert G. Robinson, Secretary
Treasurer.
The said Board Of Directors and officers
shall retain their respective offices until the
second Tuesday In March, 1912, or until
their successors are duly elected and quail
fed. Any vacancies occurring In the Board
Of Directors before the expiration Of their
term, shall be filled by the remaining direc-
tors for such unexpired term.
Said board shall have the power to make
bylaws, rules and regulations as IL may
deem proper, and to alter, amend, break and
revoke same at pleasure.
Any director shall have the right to be
represented by written proxy given to a
stakeholder (who need not be member OF
the bOard), to represent him at any directors
meeting, and any director may waive any
and all notices OF meeting by written notice
to the Secretary and each member of the
Board, as also the stockholders shall leave
their last address with the Secretary Of this
corporation, and their failing to do so shall
be construed as a waiver of all notices.
Three members Of the board shall consti-
tute quorum for the transaction of all
business.
All meetings of stockholders shall be
called by written notices sent to each OF
them at their last known address not less
than ten days prior to said meeting, unless
herein otherwise provided for.
ARTICLE vi.
The failure to hold an election, or to eject
either directors or officers Of this corpora.
tion on the day fixed, shall not forfeit this
charter, or affect this corporation in any
way, but the then existing board or officers
or both, shall retain their respective Offices
until meeting can be held, and until such
board, or officers are elected.
ARTICLE VII.
This charter may be amended, altered, OF
modified. or the capital stock increased OF
diminished. or the corporation dissolved by
a vote OF three fourths Of the stock issued al
| any meeting called for that purpose, after
| thirty DAYS notice thereof shall have been
published In one or more newspapers in the
| City of New Orleans, during the thirty days
| just prior to said meeting; and also by
written notice mailed by the Secretary tC
| each stakeholder at his last known address
at least forty days prior to the date of said
meeting.
At the dissolution Of this corporation
| either by limitation or otherwise, its affairs
shall be liquidated by the then Board OF
| Directors, who shall be vested with full
power to liquidate and wind up its affairs
No stakeholder shall ever be held liable
| for the contracts or faults Of this corpora
tion, nor shall any mere informality in the
organization hereof have the effect of rem
| dering this charter null, or exposing any
| stakeholder liable Hereunder.
Thus done and passed In my office at tho
City OF New Orleans, on the day, month anC
year herein first above written, in the pres
ence Of Pierre A. Lelong and A. ID. Preston
competent witnesses, who hereunto sigr
their names with the said appearers and
me. Notary, after reading of the whole.
Original Signed: Chas. w. Robinson, &c
| shares; ]. g. Rainwater, one share; r. G
Robinson, four shares.
A. ID. Preston, p A. Lelong, Jr.
W. MORGAN GURLEY, Not. Pub.