The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-15
ARTICLE ".

hercinabOve enumerated.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at the sum Of one hundred thou.
sand dollars (S1OO,000.0O), divided into
and represented by one thouand shares
tl,OOO) of stock OF the par value OF one
hundred dollars (S10O.OOI each. The said
stock may De paid for at such times and in
such amounts, and after such notice to the
Subscribers. as may be fixed by the Board
or Directors; the said stock may he issued
for cash at not less than par, or for labor
corporation.
The corporation shall become going con-
Germ and be authorized to do business as
soon as one hundred 1OO) shares of the
capital stock shall have been subscribed for.
ARTICLE V.
All the corporate powers OF said cor1,or.
alton SHALL be vested in and exercised by
a Board Of Directors to be composed OF
| hVe t5) persons to be elected annually on
| the second Monday OF March in each vaor
except the first Board OF Directors named
| IN THIS charter. This first Board of DIrec
| tors shall hold their office until the second
| Monday or March, 1912, or until their suc
eeSS1 n nave been duly elected and qualified
All such elections shall be held by ballot
ana conducted at the Office Of said CORPORA
| tlOn, under the supervision of thre. C3l
commissioners TO be appointed by the boa I'd
| OF directors,
,,5 Notice Of such election shall be given by
| tne secretary of the company bv pubIica
| tioh Tor not less than ten (lO) iays nrior
| inereto IN a newspaper published in the
fatisn or Orleans, State of louisiana.
| Al all such elections and at all cornora 70
meetings, every stakeholder shall be emit
| ueu 10 one vote for each share of stock
| standing in his name on the books Of The
company TO be cast in person or by his
/
votes cast shall elect
| Any vacancy among the directors nv
Seath' resignation or otherwise shall be
hlled by election for the remainder OF the
term f 6y the remaining directors.
| a failure TO elect directors on the do 70
| above specified shall not dissolve tbe cor
| pOratlon, nor impair its corporate MANAGE
ment; but the directors then in Office shall
remain IN office until their successors are
| elected and qualified "''
| , The Board Of Directors shall elect from
thelr own number president a yice-presi
ueht, ana Secretary-treasurer. The sec
ietary treasurer may or may not be a mem
Der or the board, and the Board Of Direc
| tors shall have the power to divide the ~
nee or secretary-treasurer into two or Of
| noes and create the Office of secretary and
the office of treasurer. They may from time
10 time name and appoint all such officers
| ana agents as Ii may deem necessary for
| the purposes and business of the corpora
| ton. They shall have power to fix and de-
me the duties OF every officer and employee
| ana all officers and employees shall hold Of
nee and employment at the pleasure of the
board. The board may make and establish
| as Wen as alter and amend, any and an
bylaws, rules and regulations necessary
anu proper m Its Judgment for the conduct
support and management of the business
and affairs Of said corporation.
| , The board shall have full power and au-
| tnorlty 10 borrow money, TO execute mort
cages and TO create liens; to issue bonds,
1 lfrat
TO do all things reasonable, convenient and
necessary for the proper carrying on of the
business of the corporation.
The board may issue full paid shares Of
STOCK Tor cash, or In payment of labor done
| poration.
Every member Of the Board of Directors.
| In case of his absence from the domicile OF
Ine company, at any time shall have the
| right to name and appoint, in writing,
proxy who must be 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.
solved, either by limitation or from any
other cause, its affairs shall be liquidated
by three (3) commissioners, to be appoint
ed from amongst the stockholders at a gen
Tor 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 or 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 or 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
| ton may be dissolved with the assent of
three-fourths of the capital stock represent
ed at a 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 = week for four weeks proceed
| 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
| ONCE address designated by him in writing
ANY change proposed or made in refer
| ence to 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 VIII.
No stakeholder shall ever be 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
stakeholder to any liability beyond the
unpaid amount remaining due on his stock.
ARTICLE TX.
| A. V. Fournet. Martin J. VOORHEES,, F..
| Rouge, John i. Clark and J. Edward Crusel
Board Of Directors Of this corporation, with
]. Edward Crusel as president, Martin j.
VOORHEES, as vice-president, and c. F. Swan.
| as secretary treasurer, to hold office until
the second Monday in March, 1912, and IN
| 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
ton 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, N9tary, after due reading of
the whole.
Original Signed: J. Edward Crusel, "a
shares, $1,000: Martin J. VOORHEES,, 33
$4,000; c. ". Mcbride, % shares, $4,000
FIR. Rouge, 10 shares, $1,000; John F.
Clark, 10 shares, $1,000.
Witnesses: Frank VIM. Hart John Dab
men, Jr.
/ GrSTAF p wESTFEIDT. JR