The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-05
ARTICLE v.

All the corporate powers of this corpora
ton shall he vested in and exercised by a
board Of directors composed of three t3)
stockholders, two (2) of whom shall con
sutute quorum in the transaction of bust
ness, which said directors shall be elected
at a general meeting of the stockholders
TO be held on the second Monday in Janu-
airy of each year, and notice of said cleo
ton shall be given by letter TO be writ
ten ten (lO) days previous TO the date of
said election, and sent TO the last known
address of each of the said stockholders
But election OF directors may take place
at any time upon a special meeting ca He'd
by majority Of the stock outstanding, upon
ten-day notice, stating specially the OBJ
Ject of said meeting.
The said board Of directors at its first
meeting after each annual election, shall
elect from its members a president, vice
president, and said board shall appoint a
secretary-treasurer.
The said board Of directors may fill all
vacancies occurring on said board and arts
ing from any cause whatsoever.
At the first meeting of the stockholders
of this corporation held under its charter,
the Officers and directors of the company
shall be elected, and such officers and di-
rectors shall hold their position as Officers
and directors until the first regular meet
Ing of stockholders, on the second Monday
Of January, 1913, shall be held, or until
their successors shall have been duly elected
and qualified Until such election in 1913
the following shall constitute the officers
of the corporation: Richard :. Alcus, pres
ident; Charles III. Patterson, vice president,
treasurer; and the first board of directors.
to hold office also until said election in
1913, shall be Richard s. Alcus, Charles III.
Patterson and Henry Alcus.
On the second Monday in January, begin
ming in 1913, shall he the regular day for
the meeting of stockholders TO elect direc-
tors; the failure TO elect directors on the
day specified. from any cause. or on any
postponed day, shall not dissolve this cor
pOration, but the officers and directors then
in office shall hold over until their success
sors shall have been duly elected and quail
fed.
In the event of failure to hold election
on the day stipulated, the president shall
call a new meeting on a ten-day notice, as
hereinbefore set out, as soon thereafter as
practicable.
At all elections and meetings of stock.
holders, each stakeholder shall be entitled
to one vote for each share of stock regis
tered in his name. and such registered stock
holder may vote in person or by proxy. All
elections shall be by ballot.
ARTICLE VI.
The board OF directors shall have full
control over all the property and business
of this company, and shall conduct, man.
age and use the same as in its discretion
it may deem fit and consistent with the
objects and welfare of this corporation.
1t may make and establish, as well as alter
and amend, any and all bylaws, rules and
regulations necessary and proper, in its
judgment, for the conduct, support and man.
agement of the business and affairs of the
corporation, and 1t shall appoint such Off
GERS, agents, clerks, servants, employees,
including the secretary treasurer of the cor
poratiOn, or others, as may be necessary for
the conduct of its business, and shall fix
their compensation and shall have the right
TO dismiss them at pleasure.
All negotiable paper issued or accepted
by this corporation must be signed by the
president of the company
A director of this corporation shall have
the right to vote by general proxy on all
questions of administration relating to the
conduct of the business of the corporation,
btu should there be a desire to exercise the
power herein vested of selling or mortgag-
ing any of the property of the company, the
directors can, on such matter, vote by proxy
only when the proxy specially details the
subject to be voted upon, and how the said
proxy shall be cast.