The herald., 1912-03-07
ARTICLE V.

The business and affairs Of this corpora
tion shall be managed and conducted 10y.
and all the corporate powers thereof >hall
be- vested in and exercised 10y board OF
not less than four nor IpOr" than nine dlrec-
tors to b. elected from among the stock
holders of the company. who Shall nav, AT
least ten shares Of the capital stock ot the
company standing in his name ON IN" com
Ipany'S books \ majority Of said directors,
present either in person or represented by
proxv shall constitute a quorum nt III"
board, provided that II at any meeting Il
quorum he not present, Onr-half OF the mum
Der Of directors present IN person or repre-
>rnted by proxy. shall constitute quorum
lat the next meeting.
Until III" first Tuesday in January, 1918,
or until their successors are duly elected,
qualinrd and installed. the directors Of this
corpora ion shall De- composed of Albert God
chauN as president Harold Mayer, a. vice
president: r. f. l.. Mayer and \ \. Zodiac.
ON the said first Tuesday in January, l?l1,
and annually thereafter meeting or the
stockholders of this corporation snail DE-
held at its dOmicic for the purpose OF
electing directors for the ensuing year. Said
election shall be by ballot and the stock
holders receiving "A majority OF the votes
east shall be- declared elected. y failure
! from any cause whatsoever 10 hold this said
annual meeting. or failure 10 elect directors
on the day above specified shau not dlS.
solve the corpoTatiou. but the directors ana
officers then in office shall hold over until
| their SUCCESSORS have been duly elected, quail
! ifird and installed and ii shall be the duty
| of the board of directors 10 convene within
| ten DAYS another meeting OF stockholders
| for the purpose of electing directors. OF
which meeting each stakeholder shall have
three DAYS prior notice in writing. The
failure to hold said second meeting, or the
ia lure TO elect directors at same, shall like
wise not dissolve this corporation, but the
incumbent officers shall remain in office and
there shall be no election of directors by
stockholders until the date of the next an
nual meeting, to which or To any subsequent
annual meeting or meetings the same rules
shall apply.
| Except as herein otherwise provided, no
tlce of all meetings of stockholders for the
election of directors or for any Otncr pur'
pose shall De given in writing at least ten
days prior to the date fixed for said meet
| ing. and shall either be delivered personally
| TO the stockholders or deposited in the mail
directed To each stakeholder 10 his address
as same shall appear upon the books OF the
corporation and If no address appears upon
the books of the corporation. then said no
tice shall be deposited in the mail directed
care os general delivery. New Orleans, La.
| Any notice required by this charter may
lbe waived in writing by any or all Of tht
stockholders appearing as such upon th'
books. At all meetings Of stockholders, eacf
lstOckholder shall be entitled 10 cast one
vote. either in person or by proxy, for eacf
share OF stock owned by him and standing
in his name on the books Of the company
land except as herein otherwise provided,
ma jOTity Of the votes so cast shall be suth
cent to elect and decide any and all ques
fipuS voted uDon.