The herald., 1911-01-05
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 be entitled in person.
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 Office
for one year, or until their successors have
been, duly elected and qualified. No failure
to elect shall be considered as a forfeiture
of this charter. Any vacancy occurring on
said Board shall be filed 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. a Secretary and a
Treasurer. The said Board shall have the
right and power to combine the office OF the
Secretary and Treasurer, and may even elect
a Secretary who need not be a stakeholder.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor shall any
mere inf0rmality In its organization have
the effect OF rendering this charter null, or
OF exposing a stakeholder TO any further liza
bility beyond the unpaid balance due on the
shares of stock owned by him.
ARTICLE VII.
This act of Incorporation may be changed,
modified or altered or this corporation may
be dissolved with the assent Of the stock
holders owning a majority Of all of the
stock OF the corporation at a general meet |
ing convened for that purpose after at least
ten days notice of such meeting shall have
been given to each stakeholder in the man. |
uer and form provided in Article OF this |
charter In case OF the dissolution of this |
corporation. either by expiration of its char |
ter or otherwise, its affairs shall be liqui- |
dated and wound up by a liquidator or COM |
to be elected by the stockholders |
from among their number at the meeting |
which decides to liquidate. In the event OF
the dealt or disability Of said commissioner |
the stakeholder shall elect successor.
ARTICLE VIII.
Until the election to be held in 1913. the
named stockholders shall consti
tute the first Board of Directors: Alfred j.
Theard, Mrs. X. L. Theard and Louis A.
1neard, with Alfred J. Theard, as President,
Mrs. X. L. Theard, as Vice-President, and
Louis A. Thearu, as Secretary Treasurer.
Thus done and passed at my office in the
City Of New Orleans, on the day. month and
year, 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 with
the SAID appearers and me, Notary, after
due reading of the whole.
(Original signed)
MRS r. L. THEARD. 1 shore.
L. A. THEARD. l share
A. ]. THEARD, 80 shares.
r. A. BECK.
ANT. TROYANI.
ROBERT LEGIER, Not. Pub.
/. the undersigned Recorder Of Mortgages,
N and for the Parish OF Orleans, State of
Louisiana, do hereby certify that the above
md foregoing act Of Incorporation OF the
rheard grocery Company was this day duly
recorded in my Office, in book 101S, folio =.
New Orleans, La, December II, 1910.
(SIgned) EMILE LEONARD, ID. X.
A true copy from the original act.
ROBERT LEGIER, Not. Pub.
Dec 90 90 jan IL 10 1911