The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-18
THE HERALD

bylaws, rules and regulations necessary
and proper in its judgment for the conduct,
support and management of the business
and affairs Of said corporation.
The board shall have full power and au-
thOrity to borrow money, TO execute mort
Cages and to create liens; TO issue bonds,
notes and other obligations, and generally
10 do all things reasonable, convenient and
necessary for the proper carrying on or the
business OF the corporation.
The board may issue full paid shares of
stock for cash, or in payment Of labor done,
or property actually received by said cor
pOratiOn.
Every member of the Board of Directors.
in case of his absence from the dOmicile of
the company, at any time shall have the
right to name and appoint, In writing, "A
proxy who must he a stakeholder, TO repre-
sent him and TO sit and vote in his place
and name at all meetings of the Board of
Directors which may take place during his
absence from the domicile of the company.
ARTICLE VI.
Whenever this corporation may be dis
solved, either by limitation or from any
other cause, its affairs shall be liquidated
by three 60 commissioners, to be appoint
ed from amongst the stockholders at gen
eral meeting OF the stockholders convened
for such purpose, of which meeting notice
shall be given in the manner and time pro-
vided for stockholders meetings by Article
VII of this charter. and three-fourths in
amount of the capital stock of said company
represented at such meeting shall be re-
quiSite TO elect. Said commissioners shall
remain in Office until the affairs OF said
corporation shall be fully liquidated. In
case Of the death of one or more of said
commissioners, the vacancy shall be filled
by election by the surviving commissioners.
ARTICLE VII.
This act Of Incorporation may be modi
fed, changed, or altered, or said corpora
tiOn may be dissolved with the assent OF
three fourths Of the capital stock represent
ed at n general meeting of the stockholders
convened for such purpose, and after notice
shall have been given in one or more news
papers published in the City of New Or
leans. once a week for four weeks preced-
ing the meeting and by a written notice to
each stakeholder mailed to him thirty days
prior to the date OF the meeting, at the post
office address designated by him in writing.
Any change proposed or made In refer
ence 10 the capital stock shall be made in
accordance with the laws of the State of
Louisiana, on the subject OF altering the
capital stock OF corporations.
ARTICLE Will
No stakeholder shall ever he liable for
the contracts or faults Of said corporation
in any further sum than the unpaid balance
due the corporation on the shares OF stock
owned by him, nor shall any mere infOr-
mality in organization have the effect Of
rendering this charter null. or Of exposing
a stakeholder to any liability beyond the
unpaid amount remaining due on his stock.
ARTICLE TX.
A. V. Fournet. Martin ]. VOORHEES,, F.
Rouge. John I. Clark and J. Edward Crusel
have been chosen and selected as the first
Board OF Directors Of this corporation, with
]. Edward CruSel as president, Martin J.
VOORHEES, as vlce-president, and c. F. Swan.
as secretary-treasurer, to hold Office until
the second Monday In March, 1912, and I'M
til their successors have been elected and
qualified
The subscribers hereto have respectively
written opposite their names the amount OF
stock in this corporation subscribed for by
each OF them. so that this act Of lncorpora-
tion may also serve as the original sub
scription list OF said corporation.
Thus done and passed at my Office, in the
City OF New Orleans, on the day, month and
year first above written. in the presence of
Frank W. Hart and John Dahmen, Jr., COM
petent witnesses who have hereunto signed
their names, together with the said appear
ers and me, Notary, after due reading OF
the whole.
Original Signed: ]. Edward Crusel "a
shares, s3.4O0; Martin J. VOORHEES,, 33
shares, $4,000; A. V. Fournet. 33 shares, |
$4,000: c. W. Mcbride, % shares, $500 |
FIR. Rouge. 10 shares $1,000; John +. |
Clark. 10 shares, $1,000.
Witnesses: Frank VIM. Hart, John Dab |
men, Jr.
GUSTAV r. WESTFELDT, JR.,
Notary. Public.