The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-27

either in person or by proxy, shall c0nSti.
tute a quorum for the transaction OF all
business.
Any director, in his absence from any
meeting of the board OF directors. shall have
power to appoint In writing another director
i or stakeholder as his proxy, with full power
to act in his stead at such meeting.
The directors shall be elected annually by
ballot by the holders Of the stock, on the
first Tuesday in January OF each year. Each
holder of stock shall be allowed to vote in
each share of stock owned by him, and all
elections shall be held under such rules and
regulations as may be adopted by the board
of directors. The directors thus elected
shall continue in Office for one year. and I'M
til their successors shall have been duly
elected and qualified Any failure 10 elect
| officers or directors shall not be regarded as
a forfeiture of the charter. Any vacancy
occurring said board of directors shall
be filled by the remaining directors from
among the stockholders for the unexpired
term.
The following persons shall be and con.
stitute the first board of directors Charles
ID. Warren, e. L. 4. Carr, Il. Howard Nc
Caleb, a majority Of whom shall constitute
a quorum, with Charles ID. Warren as preSi-
dent, c. f. A. Carr vice-president, and +.
Howard McCaeb secretary, who shall be the
officers OF the corporation and shall serve
until the regular meeting on the first Tues
day in January, 1913, or until their success
sOrs have been elected and qualified.
The first board of directors may increase
the number Of directors TO seven ca, to be
selected by said board without any further
authorization of stockholders until the next
annual meeting for election OF seven 90
directors.
ARTICLE VI.
The liability OF the stockholders OF this
corporation for the contracts or faults of
this corporation is limited to any unpaid
balance that may be due by them respective
ly on their subscriptions.
No mere infOrmality in this act of incor-
pOrat ton shall render this charter void, or
expose stockholders to liability beyond the
| amount of their unpaid subscriptions.
ARTICLE VII
This charter may be amended, or this
corporation may be dissolved, with the as
sent of the stockholders holding a majority
of the outstanding stock, at a general meet
ing convened for that purpose and at least
ten I0) days notice shall have been given
to the stockholders, through the mail. adj
dressed TO their last known respective places
of business.
In case of dissolution by the expiration Of
this charter or otherwise, the affairs of this
corporation shall be liquidated by three 90
stockholders to be elected at the meeting
ordering such liquidation.
This charter shall serve as the original
subscription list, the undersigned being the
original subscribers TO the capital stock OF
this corporation, in the amounts and for the
number of shares opposite their respective
names.
Thus done and passed, in my office at
New Orleans, Louisiana, on the day and
GATE nerelnDe1Ore written ana IN the pres
ence of J. y. Emmons and l.. L. Bryant Jr.,
competent witnesses, who hereuntO sign
their names with the said appearers, and
me, notary, after due reading of the whole.
(Original signed) o. Il. Maier and others.
(Witnesses) J. n. Emmons, l.. i. Bryant,
Jr. ARTHUR B. LEOPOLD,
Notary Public.
i, the undersigned, recorder of mortgages
in and for the parish of Orleans, louisiana,
do hereby certify that the above and fore
going act of Incorporation of the New Or
leans Il Western Railway Company was this
day duly recorded in my Office in book 1856,
folio =.
New Orleans, June IS, 1912.
(Signedl EMILE LEONARD, d. II.
true copy of the original.
ARTHUR Il. LEOPOLD,
(SeaD Notary Public.
june % july 4 IL Is % aug