The herald. [volume] (New Orleans, La.) 1905-1953, 1912-08-01

July OF each year. The first election under
this charter to be held in the year 1913.
All elections shall be by ballot, at the Of
| flee OF the corporation, under the supervision
| Of commissioner to be appointed by the
| president for each election. All elections
and meetings of stockholders shall be pre-
coded by a ten days notice sent by mail by
the secretary to each stakeholder to the ad-
dress left by him with the secretary; each
share of stock shall be entitled to one vote,
| to be cast in person or by written proxy, and
| a majority of votes cast shall elect. The
board OF directors shall have power to I'LL
all vacancies occurring In said board. Fall
! ure to elect directors on the date above spe-
| cited shall not dissolve this corporation,
but the then existing board and other ON
GERS shall hold Office until the election OF
their successors. after notices as above pro-
| vided.
At the first meeting after their election
the said board of directors shall elect from
their number president, vice-president,
and a secretary treasurer, and such other Of
ficers as said board shall deem necessary.
Said board of directors shall have power
and authority to make and establish as well
as to alter and amend bylaws, rules and
| regulations necessary and proper for the
support and management of the corporation.
Said board shall also have power and au-
thority to fix the terms and conditions upon
which property shall be purchased by said
corporation and alienated by 1t; to borrow
other evidence OF debt as they may consider
advantageous, and to designate some officer
or other person to appear for this corpora
ton and act for 1t In selling, buying, mort
gaging. etc, property to issue stock In pay
mert of money borrowed, received or pro-
perty, labor or services acquired by said
corporation. At all meetings of said board
a member thereof may be represented BY an
other, under a written proxy.
Said board shall have power by q vote
representing not less than two-thirds OF the
capital stock then issued to sell, mortgage
(by bond mortgage or Otherwise), lease or
pledge any or all of the movable or immov-
able property Of the corporation, or to re-
cefve In exchange therefor money, or stock,
or bonds of other corporations, and to vote
such stock and bonds at any meeting OF
such other corporation, without referring to
the shareholders for authority so to do, and
said board shall have power to designate
change the same at pleasure, and generally
have all powers generally vested In boards
Of directors by custom, usage or laws. Un-
til the meeting to be held IN July, 1913, I'M
Ward and Frank J. Nolan shall be and COM
pose the first board Of directors, with l. NJ.
White as president, Harmon Ward as vice
president, and Frank j. Nolan as secretary
No stakeholder shall ever be liable or re-
sponsible for the contracts, fault, or debts,
nor shall any mere informality In Its organ
ization have the effect OF rendering this
to any liability but the unpaid balance due
on the shares owned or subscribed by him.
ARTICLE VI.
Whenever this corporation Is dissolved, by
limitation or otherwise, Its Affairs shall be
liouidated by three commissioners, consist
ing of the president, the vice-president ana
the secretary-treasurer, who shall nold sucn
office Of commissioners until the final liqui.
dalton. In case Of death, resignation OF
one or two Of said commissioners, or OF the
inability to serve. the remaining commits
sioners shall serve %1tI the T1 maj
This corporation may be dissolved, It's
capital stock increased or decreased or this
act of Incorporation amended or altered by
complying with the laws OF the state reia-
Thus done and passed In my Office, at the
CITY of New Orleans, on the day, month and
year first above written, and In the presence
ne nesses Of lawful age, domiciliated in this
city, and therein residing, who have signed
their names with the said appearers and me-
notary, after reading thereof.
(Signed) Names OF signers omitted
Eugene ID. Saunders. X. Johnson.
Not. Pub.
State of Louisiana,
I. the undersigned recorder of mortgages
in and for the parish of Orleans, state OF
Louisiana, do hereby certify that the apove
and foregoing act OF incorporation OF tne
this day duly recorded in my ONCE, In book
New Orleans. July 18th. 1912.
(Sfgned) EMILE LEONARD,
Dv. Recorder
I hereby certify that the above and fore
going is a true and correct copy Of the orig
inal on file in my office except that the
names Of the signers and the number OF
shares of stock subscribed has been omitted
tslgned) FRED. C M M.H a.,
jul IS rs aug is % 1912