The herald., 1911-01-26
ARTICLE v.

All the corporate powers of this corpor.
alton shall be vested in and exercised by
Board of Directors to be composed OF three
stockholders. who shall be elected annually
on the second Wednesday Of December OF
each year by ballot of the stockholders
Each stakeholder shall he entitled in person,
or by written proxy to one vote OF each
share of stock owned by him, and a major
ity OF the votes cast shall elect All cleo
tiOns shall be held under such rules and reg
ulatiOns as may be determined by the Board
OF Directors. and after at least ten days
notice OF such election shall have been given
to each stakeholder by publication in one
or more of the daily newspapers published
in the City Of New Orleans, or by notice
mailed to his last known address. The di-
rectors thus elected shall continue in once
for one year, or until their successors have
been duly elected and qualified. No failure
to elect shall be considered as 1orfelture
Of this charter Any vacancy occurring on
said Board shall be filled by the remaining
directors for the unexpired term. said
Board OF Directors shall, at its first meet
ing elect from among its number Presi-
dent a Vice President. Secretary and a
Treasurer. The said Board shall have the
right and power to combine the ONCE or me
Secretary and Treasurer and may even elect
a Secretary who need not be stockholder
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts Of this corporation, nor shall any
mere informality in its organization have
the effect Of rendering this charter null, or
OF exposing a stakeholder TO any further ia
hility beyond the unpaid balance due on the
shares Of stock owned by him.
ARTICLE VII.
This ect of incorporation may be changed
modified or altered. or this corporation may
he dissolved with the assent OF the stock
holders owning a majority OF all OF the
stock Of the corporation at general meet IHt
inc convened for that purpose after at least
ten days' notice of such meeting snail nave
been given to each stakeholder In the man
uer and form provided in Article OF TINS
charter. In case OF the dissolution OF this
corporation. either by expiration OF its char
ter. or otherwise, its affairs shall be nqul-
dated and wound up by liquidatOr or COM
missioner to be elected by the STOCKHOLDERS
from among their number at the meeting
which decides to liIuidate. In the event OF
The death or disability of said commissioner
the stockholder shall elect successor.
ARTICLE VIII.
Until the election to he held in 1913, the
following named stockholders shall constl-
tute the first Board Of Directors A 1I,s 4
1neard' with Alfred J. Theard. as President
Mrs r.. l.. Theard, as Vice-President, and
Iouis A. Theard as Secretary Treasurer
Thus done and passed at my n.y. once ont ~ and rnd
wear herein first above written, In the pres
ence OF Theodore A. Beck and Anthony Troy
ami. both OF this City, competent witnesses
who have hereunto signed their names Win
the SAID appearers and me, Notary aIter
due reading Of the whole
MRS. II. T.. THEARD. 1 shore.
L. A. THEARD, ! share.
A. ]. THEARD, 30 shares
T. A. BECK.
ANT. TROIANl. -,
ROBERT LEGIER, Not. Pub.
I. the undersigned Recorder OF Mortgages
IN and for the Parish of orleans, State OF
Ionisiana. do hereby certify that the above
and foregoing act Of incorporation Of the
Tbaard ,rrocery Company was this day. duly
recorded in my Office in book lois, foIlo -.
New Orleans, La, December u, lglO
(SIgned) EMILE LEoNAhD' " H.
A true copy from the original act.
ROBERT LEGIER, Not. Pub.
Dec 90 % jan - 10 1911