The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-26

sand dollars (s3,0O0.0O) Of the capital stock
shall have been subscribed.
Certificates Of stock fully paid and non
assessable shall be issued to each subscriber
to the amount paid by him therefor.
ARTICLE Nv.
All the corporate powers Of this corpora.
ton shall be vested In and the business
hereof shall be managed by a board Of di.
rectors composed Of seven ca stockholders
a majority of whom shall form quorum to
transact business.
tute the first board Of directors, who shall
hold their Offices until the third Monday OF
May in the year 1913, or until their success
sors shall have been elected and qualified,
tto-wit w. K. NJ: Dukate. Peter Yurgensen'
L. N. Dantzler, e. c. Tonzmeire, ID. ]. Gay,
]. A. Bowling, j. c. Clover and F. e. Prin-
gle, Of whom Z. n. Dantzler shall be presi-
Il. Pringie. treasurer, and q. c. Tonzmeire,
secretary. That said officers shall serve un.
til their successors shall have been elected:
On the third Monday. Of May, 1913, and
thereafter, an election Of board of directors
shall be held by ballot at the office of the
corporation in the city of New Orleans,
Louisiana, between the hours Of ten O'Clock
election at least five (5) days previous no
tice shall be given by mail, addressed to
each stakeholder at his last known place OF
residence Of record on the books Of the CON-
And each and every stakeholder shall be
entitled at all elections either In person or
by written proxy to vote one vote for each
and every share Of stock which he may
hold.
Each board Of directors which may. be
hereafter elected, as above provided, snall
elect from their own number president, Q
yice-president, and a secretary ana treas ire IS
Of directors shall be filled by the remaining
directors for the unexpired term.
ARTICLE v.
This act Of Incorporation may be changed
or altered, or this corporation may be dis.
solved, with the consent Of three-foIrths OF
the stockholders present or represented AT q
general meeting of stockholders convened
for that purpose. Of which said meeting sf
least ten (10) days written notice shall
have been given, by mail, addressed to each
stakeholder at his last known place OF resi-
dence
No stockholder Of this corporation shall
ever be held liable for any OF the debts, con-
tracts, faults or obligations OF this corpora,
ton in any further sum than tine t nnpa os
the shares Of stock owned by them; nor
shall any informality Of the organization OF
this company render this charter void, or
expose any stoctnoider 70 any he sae otnc{
remaining due. Nor shall failure at any
time tc hold meetings, to elect omcers or
directors, as herein provided tor, work the
corporation, but the existing board of direc-
tors shall remain In force until their success
sors be elected and qualify.
ARTICLE VII
whenever this corporation II dissolved.
either by Limitation or from any other
cause. rs affairs shall be liQuidated by one
or more commissioners to be elected from
amongst the stockholders Of the corporation
AZ 4 eeperal neeting Of the stockholders,
couveued in accordance with Article Five,
md 4 majority Of the stock represented and
voting e aid meeting shall Be requisite 70
"a ana voting ct said meeting shall have
fke rfghf 70 AZ and de1ne the p0verH, duty
eld cSapsnsatios q sa1d eonninisnsFs and