The herald., 1911-01-12
ARTICLE V.

All Of the corporate powers OF this cor
p0ration are hereby vested in, and shall be
exercised by a Board OF Directors, TO con-
Sist OF five stockholders, three OF whom
shall constitute quorum for the transaC-
tiOn Of all business. The said Board OF ri.
rectOrs shall be chosen annually by tie
stockholders, at meeting held on the see
Ond Tuesday Of the month OF January. 1912,
and annually thereafter on the same day,
or until their successors have been duly
elected. The first Board OF DirectrOs shall
consist of Fritz Salmen, Charles ID. Stew
art, Leon c. Weiss, Emile We'll, l.. A. Liyau-
dais, who shall serve until the election OF
their successors.
Each Board OF Directors shall appoint
from their number a President and Vice
President; said Board of Directors shall APP
point also, from their number or other per-
sons, a Secretary, Treasurer and General
Manager, any Of which three latter Offices
may be combined in the same person, should
the Board Of Directors deem it advisable.
All officers above mentioned shall hold their
offices during the life Of the Board Of Direc-
tors appointing them.
Vacancies in the membership of the
Board OF Directors, or in said offices, shall
be filled by appointment OF the remaining
members Of the Board Of Directors.
The following persons shall constitute the
officers OF the company during the life of
the first Board Of Directors Fritz Salmen,
President; Leon c. Weiss, Vice President ;
l.. A Livaudais, Secretary G. ID. Stewart,
Treasurer and General Manager.
Meetings of the Board Of Directors shall
be held at the Office Of the Company al New
Orleans, at such times, and upon such no
tice, as may be fixed by the said Board of
Directors, or the President of the company.
The Board Of Directors shall also appoint
all such other officers, agents or employees,
as the business Of the company may require,
or may confer such rights of appointment
upon the general manager Of the company.
All salaries shall be fixed by the Board
Of Directors, or by the General Manager,
in case Of persons employed by him under
authority of the Board.
The Board OF Directors shall also have
| the right to confer any of its powers upon
| an executive committee, agent, or represen
tative, or other person, as it may deem
advisable.
All meetings Of stockholders, for any pur
| pose whatever, whether special or general
shall be held in the City of New Orleans
| La, after ten days notice mailed to the
| last known address Of each stakeholder.
such meetings stockholders shall be entitled
| to one vote for each share of stock owned
by them, in person or by proxy provided
| that stock can only be voted in the names
| OF stockholders who shall be the recOrt
owners of the stock, as shown upon the
| books OF the company, at least thirty t30l
DAYS in advance of the meeting at which
| said stock is offered to be voted. Said no
| tice of meeting shall be issued by the Sec
| rotary Of the Company by authority of e,tnel
|
| company.
This charter may be changed, altered Of
| amended, or this corporation be dissolved
| by a vote OF twO-thirds Of the outstand!n.
| capital stock. present or represented at ;
meeting called for that purpose, after notici
Of said meeting shall have been given a!
| above provided.
| In case the organization be dissolved, thu
same meeting shall appoint three liquidation
to settle the affairs Of the company, WHIT
shall as rapidly as possible pay all out
! standing debts, sell the property for cash
or otherwise as they may deem advisable. o.
as may be directed by said meeting o.
stockholders, and divide the proceeds amoni
the stockholders, according to their re
| spective interests.
On all other questions excepting thos'
| mentioned in this article majority or tut
| capital stock voting at any meeting shall
control the action Of the company.
ARTICLE VIII.
No stakeholder Of said corporation shall
ever be held liable or responsible for u
| contracts or faults, or those OF any or IL
| agents or employees, In greater sum thal
/ the unpaid balance due by them on sub
scriptions to the capital stock OF the COIN
| pany; nor shall any informality In organl
| zation have the effect Of rendering TIL
charter null, or exposing stakeholder Z
any liability beyond the amount due on b.
subscription to the capital stock Of tn
corporation.
| The names hereto subscribed shall form
the original subscription list.
Thus done and passed In my ONCE, on tn
| day, month and year first above written, II
the presence Of Messrs. T. A. Schuber an
i Jos. Helm, competent witnesses who hav
i hereunto subscribed their names, togethe
/ with the said appearers and me, notary, al
i ter a due reading of the whole.
Original signed: F. Salmen, shares
$500: ]. A. Salmen per pro f. Salmen,
shares, $500; Thos. w. Lewis. 8 share:
$500; c. d. Stewart, 152 shares 1920
/. A. Livaudais, 10 shares, $1,000; Leo
c. Weiss, 10 shares, $1,000; Emile Wei