The herald. [volume] (New Orleans, La.) 1905-1953, 1911-11-30
ARTICLE. V.

The affairs of this corporation shall be
managed 10y board of directors. and all the
corporat" powers of this corporation shall
be- vested in and exercised 10y the board of
directors. 10 be composed of three stock
hode"S majority of whom shall cOnsti-
tute quorum for the transaction of any
and all business of every kind for the cor
pOra tion.
They shall have power to make all by
laws, rules. regulations, and TO alter or
change same, TO purchase and acquire the
property, business and goodwill of any and
all of the businesses of any kind. or to
form partnership with any persons or com
panleS in any line with the objects and
purposes of this corporation as they may
deem advisable and To pay therefor in full,
paid stock of this corporation. or cash or
paper for same: also to mortgage, pledge
or hypothecate the property of this corpO-
ration for the purposes of its business.
The said board Of-directorS shall be elect
ed every three years by ballot of the stock
holders. Each stakeholder shall he entitled
in person or by written proxy to one vote
for each share of stock owned by him and
standing in his name on the books of the
corporation. for at least fifteen days prior
Ia such election.
All elections shall he held under such
rules and rcgulat ions as may be determined
by the board of directors, and after ten
days notice of such election shall have
been gwen by mail addressed to each stock
holder at his last known address, or by pub
fishing in one of the daily newspapers pub
lished in the city of New Orleans
\ majority of the votes cast at such
election shall elect said directors.
The directors thus elected shall continue
in Office for three years. and said directors
shall elect. from the board of directors, a
president. vicepreSident. and secretary
treasurer.
The first election shall he held on the
fourth Monday of November nineteen hun.
drcd and fourteen. and. until then. Mrs.
Sallie \. Forsaee. widow of Sidney 4. Ca.
longnn. Sidney Edward CalOngne and vii
fprl = lOuunp shall ba frs
board of directors. with Sidney f. Calongne
as president. Mrs Sallic A. FOrshee, widow
Of Sidney \. falongne. as vice-president,
and MILFORD r. Calongne as secretary-treas-
urer.
ANY vacancy on said board Of directors
caused only by death shall be filled by the
remaining directors. for the unexpired term.
No failure to elect shall be considered a
forfeiture of this charter.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation. nor. shall any
nero informality In its organization have
| void. or of exposing a stakeholder TO pay
| further liability than the unpaid balance
due on the shares Of stock owned by him.
ARTICLE VII.
| This act OF Incorporation may be changed
altered or modified or the corporation NAV
be dissolved or go into liquidation by vote
| OF three fourths of the stock represented at
a special meeting called for that purpose
| after its objects have been made known by
ten days previous notice in writing. deliv-
cred o. mailed Ia each stakeholder of record
on the books of this corporation TO attend
said meeting, and upon complying with the
| laws of the state of Louisiana. Whenever
ihls corporation Is dissolved. its affairs shall
| he liquida ted by two commissioners elected
| among the stockholders at said meeting ia
wind up the affairs of said corpora ton
Said commissioners shall be elected by a
majority vote of the stockholders. each share
OF STOCK voted shall count as one vote
| However. said commissioners shall and must
be directors in the hereinbefore mentioned
corporation.
/ Thus done and passed in nv notarial of
nee. In the city of New Orleans, state OF
| Louisiana, on the day. month and wear
| above written. in the presence of Messrs
Leonard c. Vacher and Howell Carter, Jr
competent witnesses, who hereunto sigr
| their names with the said appearers and me
notary, after due reading of the whole.
| (Orig:nal signed) Ashley Calongne
shares Mrs. Sallie a. Calongne, 10 shares
Sidney f. Calogne. shares; MILFORD F
CalOngne. shares. (Witnesses) l.. &
Nachef, Howell Carter, Jr.
ETHELRED VI. STAFFORD.
Notary Public
|. he undersigned. recorder of mortgages
IN and for the parish of Orleans state o
Louisiana, do hereby certify that the allow
and foregoing act of Incorporation of s. A
Cal0ngnes Sons was this day duly recorde,
IN my Office, In book 1851 folio =
New Orleans. Nov. IS. 1911
(Signed) EMILE LEONARD, by. r
\ true copy.
ETHELRED NJ. STAFFORD
tSeap Notary Public
nov 30 dec II II % 1911 jan 4 1912