The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-30
ARTICLE V.


| All the corporate powers fthis company
| shall be vested in and the management and
control Of its business and AFFAIRS shall he
| exercised by board OF directors TO be com
| posed OF seven stockholders, majority of
whom shaIl constitute quorum for the
transaction of all business. Said board of
| DIRECTORS shall be elected annually by ballot
or the stockholders on the second Tuesday
OF May of each year. Each stakeholder
snail De entitled in person or by written
proxy, TO one vote of each share of stock
| owned by him and standing in his name on
| the books OF the corporation. and all cleo
lions shaH be held under such rules and
regulations as may be determined by the
| board of directors, but, after at least ten
| days notice of such election shall have been
gwen 10 each stakeholder at his last known
| address, or by publication in one of the
daily newspapers published in the city of
| New Orleans for at least ten DAYS proceed
! ing such election The directors thus elect
| ed shall continue in Office for one wear or
until their successors shall have been duly
| elected and qualified No failure to hold an
election shall be regarded as a forfeiture of
| TINS charter. Any vacancy occurring on
said board of directors shall be filed by the
remaining directors for the unexpipred term.
| said board of directors shall at its first
| meeting after Its election, elect from among
| ltS number, president, a vice-president, a
| secretary and treasurer. 1t may combine
| the two last mentioned offices into one and
| may even elect a secretary who need not be
| a stakeholder. Said board of directors sha II
| nave the power and authority to appoint and
| dismiss such clerks, managers and other
| employees or the corporation, including the
secretary, who is not a stakeholder, as con-
dltlOns may Justify or the business of the
corporation may require. The tenure of
Office of all employees of the corporation
Shall be during the pleasure Of the board of
| directors.
ARTICLE VI.
No stakeholder shall ever be held liable
| or responsible for the contracts faults or
debts Of said corporation nor shall anv
mere tnformality In its organization have
the effect of rendering this charter null, or
beyond the unpapid balance due on the
shares OF stock owned by him.
ARTICLE VII.
This act Of Incorporation may be changed,
modified or altered, or this corporation NAV
be dissolved with the assent Of the stock
| holders owning a majority Of the stock of
| the corporation at a meeting convened for
| that purpose and after at least ten days
notice or this meeting shall have been given
| 20 each stakeholder as provided for in Ar
| ticle V OF this charter. In case OF the dis
solution OF this corporation by the expira-
| ton OF this charter or otherwise the stock
holders shall elect three liquldators from
among their number to liquidate and settle
| the business and affairs Of the company In
| case OF the death or inability of any of said
| commissioners or liquidators, the survivor
or survivors shall appoint a successor to
him.
ARTICLE VIII.
Until the election to be held In May, 1913,
| the Following named stockholders shall con-
stitute the first board OF directors, viz: J.
Ed. Thebaud, +. L. Kinsey, ]. A. Craig
Jules VI. WOgan. John A. Wogan, Maurice
.. WOgan and Gilbert Halter, with the said
Jules VI. Wogan as president, the said Fred
/. kinsey as vlce-president, and the said
John A. Wogan as secretary-treasurer.
| Thus done and passed at my office In the
City Of New Orleans, on the day, month and
year, herein first above written, in the pres
ence Of Theodore A. Beck and Anthony
Troyani, both OF this city, competent wit
nesses, who have hereuntO signed their
names with the said appearers and me- no
tary, after due reading OF the whole.
Original signed: Frederick L. Klnsey, 90
shares Jules VI. WOgan, coo shares John
\. Wogan, 200 shares. T. A. Beck, Ant.
Troyani.
ROBERT LEGIER, Not Pub.
i, the undersigned Recorder OF Mortgage
In and for the Parish OF Orleans State OF
louisiana, do hereby certify that the above
and foregoing act Of Incorporation Of the
Kinsey Machine Company was this day
duly recorded In my office In book 1855, 70
Ito -. New Orleans. La, MAY H. 1912.
EMILE LEONARD, by. II.
A true copy from the original act.
ROBERT LEGIER, Not. Pub.
may 10 % 80 june 10 20 1912