The herald., 1912-01-18
ARTICLE V.


holders, owning each at least one share of
stock OF said corporation; said directors to
be elected at general meeting convened for
that purpose, on the first legal day of Aug
ust OF each succeeding year. Each share OF
stock represented at such meeting shall be
entitled to one vote. Notice of such meet.
ings, unless waived in writing, shall be
gwen Dy letter mailed to the last known
address Of each stakeholder registered on
the books Of the company. Said elections
shall be held at the Office Of the said corpo-
ration, under the supervision of two stock
Board of Directors. The stock6olders re-.
ceiving the majority of the votes shall be
declared elected. Failure to hold an cleo
ton on the day specified shall not dissolve
the corporation, but the directors in office
snail hold over until their successors are
duly elected and qualified The directors
snail elect from their number a President
curing In the Board of Directors shall be
hlled by the remaining directors from
among the stockholders, whether a quorum
remain or not; The board shall elect or APP
agents as they deem proper, and the salaries
OF such officers, employees and agents shall
be fixed by the board.
ARTICLE VI.
The following named persons shall con-
stitute first Board Of Directors: Frank
Godchaux, J. Blanc Monroe Robert F. Put
nam, and three other directors to be named
dent, as Vice.President
and Frank Godchaux Secretary. Treasurer
They shall hold their offices until the first
legal day of August, 1911, or until their sue
cessors are elected and qualified.
ARTICLE VII.
No stakeholder shall ever be held liable |
or responsible for the contracts or faults |
or said corporation In any further sun than |
the unpaid balance due the corporation on /
the shares owned by him, nor shall any mere
informality in organization have the effect
OF rendering this Charter null or of expos-
ing stockholder to any liability beyond the
amount of his stock.
ARTICLE VIII.
This Act of Incorporation may be amend
ed, altered or modified by a vote of three
fourths OF the entire capital stock at a
general meeting of the stockholders con-
yened for that-purpose after ten days notice
Of the City of New Orleans. The stockboId.
ers shall have the right by the same three
Iourths vote to sell the entire assets and
franchises OF the corporation to such per-
sons as they may deem advisable, either for
ions.
ARTICLE TX.
At the expiration of this Charter mr. .,
.ooner dissolved, its affairs shall be lioui
lated oy three commissioners elected by the
Soard of Directors, and said Commissioned
IRE hereby vested with full power TO sell
NJ and all or the assets and property. both
ga. and personal, of the corporation. and
onvey full and complete title thereto. and ,
nall have full power to do and perform nj
cts necessary and proper to fully and com
letely iquidate its affairs and distribute
ne proceeds, II any, among the stockholders.
:, Ihns done and passed at my Office in the
ny OF New Orleans, Parish and State
foresaid on the day and in the month and ,
ear herein first above written in the pres
nee or Messieurs Sol Kaplan and Edwin A
teDbins, competent witnesses who here ;
INTO sign their names with the said ap-
carers and me, notary, after due reading
the whole. ,
And in order that this Charter may also
srVe as the original subscription list said s
lDscribers have hereunto marked opposite =
their names the amount Of stock sub
tOriginal Signed) J. Blanc Monroe and G
hers. S. Kaplan, Edwin A. Stebbins.
FELIX J. PUG,
Notary Public. q
i, the undersigned. Recorder of Mortgag es
and for the Parish of Orleans, State of /
Duisiana, do hereby certify that the above |
Id foregoing Act Of INCORPORATION of the Il
ROuSSARD LAND COMPANY was this /
~ duly recorded In my ONCE In Book 1851. /
bio -.
New Orleans, December 10, 1911.
!Signed) Emile Leonard, D. r.
4 true copy.
FELIX ]. PUG,
Notary Public.
dec 21-2S-jan 4-11-1s-25-1912