The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19

sand dollars (s3,OO0.00) 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 ~.
All the corporate powers of this corpora
ton shall be vested in and the business
hereof shall be managed by a board Of d.
rectors composed Of seven % stockholders,
a majority OF whom shall form quorum to
The following named persons shall consti.
tute the first board of directors, who snail
hold their offices until the third Monday OF
May In the year lslS or nnt tn pae rnslieS
to-wit: w. K NJ. Dukate, Peter Yurgensen,
l.. N Dantzler, z. c. TonZmeire, ID. J. Cay,
]. A. Bowling, j. c. Clover and +. e. Prin-
sent Of W. Tnf X Il Dukate. visepresident; r
p. Pringle, treasurer, and e. c. Tonzmeire,
secretary. That said officers shall serve I'M
til their successors shall have been elected;
ON the third Monday. Of May. 1913. and
on the third Monday Of May In each year
thereafter, an election Of board OF directors
shall be held by ballot at the office OF the
corporation. in the city OF New ORGANS,
a. m. and three O'Clock p. m, OF when said
election at least five 10y days previous no
tice shall be given by mall, addressed 10
each stakeholder at his last known place OF
residence Of record on the books Of the COM
And each and every stakeholder shall be
entitled at all elections either In person OF
| by written proxy to vote one vote for eacn
and every share of stock which ne may
Each board of directors which may b
| hereafter elected, as above provided, snail
elect from their own number president q
vice-president, and secretary and treas,
urer ANY vacancy occurring on the ooaro
of directors shall be filled by the remaining
directors for the unexpired term.
II
This act of Incorporation may be changed
mr. altered or this corporation may be dis.
| solved with the consent Of three-foTrtns OF
General meeting of stockholders convened
| for that purpose, OF which SAID meeting u,
| least ten (iO) days written notice shall
| have been given, by mail, addressed to eacn
stockholder at his last known place OF resi-
dence.
M sfockholder OF this corporation shall
ever be held liable for any OF the deots, con
tracts, faults or obligations of this corpora;
| tion in any further sum than the unpaid
balance. II any, due to the corporation on
fine shares Of stock owned by them mol
shall any informally OF the organization .,
expose any stakeholder to any liability
whatevcr beyond the amount OF his stoch
remaining due. Nor shall failure at any
time tc hold meetings, 60 siesI ome er .S SI
| Forfeiture of this charter, or dissolve the
jcorporation, but the existing board OF direc
tors shall remain in force until their success
sors be elected and qualify.
ARTICLE VII.
| Whenever this corporation Is dissolved
either nv limitation or from any othei
cause. its affairs shall be duplicated by one
or more commissioners to be elected from
amongst the stockholders Of the corporation
at q general meeting Of the stockholders
Convened In accordance with Article Five
| and 4 majority Of the stock represented and
yetips e ss1d 2sstias s "a g Fsso's'ss 8