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

All the corporate powers Of this cOrpor.
alton shall be vested in and exercised by
Board of Directors TO be composed or 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,
or by written proxy 10 one vote OF eacn
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 dl-
rectors thus elected shall continue In once
for one wear, 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 filled by the rehalHlh IN
Board OF Directors shall, at Its first meet
ing elect from among its number Presl-
dent a Vice-President. secretary ana
Treasurer. The said Board shall have the
right and mower TO combine the Office OF the
Secretary and Treasurer, and may even eject
a Secretary who need not be stockholder'
ARTICLE VI.
No stakeholder shall ever he held liable
or responsible for the contracts faults or
debts of this corporation, nor shali any
mere informality in its organization nave
the effect of rendering this charter null, or
OF exposing a stakeholder to any further Ia
bIlity beyond the unpaid balance due on the
shares Of stock owned by him.
ARTICLE VII
This ect of Incorporation may be changed,
modified or altered. or this corpora ION may
he dissolved with the assent OF the STOCK
holders owning a majority OF all or the
stockvof the corporation at a general meet
ing convened for that purpose AFTER at ieast
ten days notice OF such meeting s.aii Ia
been given TO each stakeholder In the man
Nor and form provided In Article OF this
charter. In case OF the dissolution OF tnls
corporation either by expiration OF its ehar-
ter, or otherwise, Its anairs snaiI pe na dun-
dated and wound up by liquidator or coln-
missioner to be elected by the stockhoIuers
from among their number at the meeting
which decides 10 liquidate. In the event OF
the death or disability or sald colnliiIssionei
the stockholder shall elect successor
ARTICLE VIII.
Until the election to be held in 1913. the
folInyinp named stockholders shall constr
tute the first Board Of Directors: AIRED .
Theard. Mrs. r. L. Theard and Louis A
Theard' with Alfred J. Theard. as Presldent;
Mrs r. L. Theard, as Vice1President, ana
fnnis 4 Theard, as SecretaryTreasurer
Thus done and passed at my once IN the
civ OF New Orleans, on the day, month and
wear. herein first above written, In the pres
snca of Theodore A. Beck and Anthony Troy
ami both of this City, competent witnesses
who have hereunto signed their names VIII
the said appearers and me, Notary, AFTER
due reading OF the whole.
(Original signed)
MRS. r. 7. THEARD, shore.
7. A. THEARD, 1 share.
A. ]. THEARD, 35 shares
T. A. BECK.
ANT. TROYANL. A.. d.,
I. the undersigned Recorder OF MORTGAGES
IN and for the Parish of Orleans, state OF
Louisiana, do hereby certify that the apo oht
Thea I'd ,,rocery Company was this day duly
recorded in my Office in book lois 1919 -
New Orleans, La, December u, l9lVi
tSlgned) EMILE LhVNanD, ~ "
ROBERT LEGIER. Not. Pub
Dec % % ian IL 10 1911