The herald., 1912-02-01
ARTICLE v.

! The affairs and business of this corpora
| tiOn shall be conducted and managed by a
| board of seven directors, three OF whom
| shall constitute a quorum for the tranSac-
| ton of business and who shall have power
| to elect, only from their own number, how
ever, Captain, with duties ordinarily ap-
pertaining TO that Of President; lfeuten-
| ant, with duties ordinarily appcrta lg 10
| that of a Vice President, and a Secretary
Treasurer, with duties ordinarily appertain-
| ing 10 such joint offices.
The first board of directors and officers
| are hereby declared TO be William +. Trim
chard, George II. BrOckman, Charles Hagen,
! Henry RightOr, GuStave Cantrellc, f.. H.
| Bayhi and Edward Herndon, with said vii
| liam Trinchard as Captain, said Gustave
| Cantrelle as Lieutenant and said George ii.
Brockman as retary-Trea Surcr, all of
whom shall serve until the second Tues
day in January. 1907. or until their success
SOrS shall have been duly elected and quail
fed, all elections for directors shall be held
at the Ctt1ce Of the corporation, in New Or
leans, Louisiana. on the second Tuesday in
January in each year. of which election one
day prior notice shall be given in one of
the daily newspapers published in New Or
leans. and by ten days written notice mailed
by the Sccretary-Tr Treasurer 10 each stock
holder who is a member of the corporation.
All elections shall be by ballot and ma
iurity of the votes east shall bc requisite 90
elect, and each share of stock shall he en-
titled to one vote To he cast by its owner in
person or by proxy, provided lis owner u"
a member of the corporation. \ failure to
elect directors. on the day fixed shall not
dissolve the corporation. but the directors
and officers then in office shall continue Ia
hold their Offices, and a new election shall
he Immediately called 10 take place within
fifteen days after date on which said reg
ular election was To be held; of which cleo
tion one days previous notice shall be- given
by publication in one of the daily nevSpa-
perS published in New Orleans. Louisiana.
and ten days written notice mailed To each
stakeholder who is a member of the cOrpor-
alton by the Secretary Treasurer. The said
Board of Directors, at their first meeting
after election shall elect from among them
selves Captain. a Lieutenant and a Secre
tary kcaSurer. to serve until the next en-
suing election, or until their successors
shall have been duly elected and qualified
and enter into office. All vacancies occur
ring in any Board of Directors, either by
death or resignation or from any other
cause. shall be filled by the remaining direc
tors. by election from the stockholders. The
said board shall have power and authority
TO borrow money in sum not exceeding
five thousand dollars. and in evidence there
of to issue notes. certificates of indebtedness
or bonds. and secure the payment thereof by
pledge or mortgage Of the property and as
sets OF the corporation. The said Board
shall have the right TO levy an assessment
on each share of stock not exceeding thirty
dollars per share. which shall be payable
between the first and thirty-first days of
January each year" The said board also
shall have the right 10 elect honorary mem
bers of the club. not exceeding five II mum
Der. who shall hold no stock, have no vote.
and pay no assessments but who shall en-
joy all the privileges of the club TO the same
extent as II stockholders thereof.
And said board shall further have the
right to formulate bylaws, rules and regu-
latiOnS, not to conflict herewith, and which
shall be binding and have the same effect
as the provisions of this charter"
The whole as more fully appears by the
annexed certified copy of the minutes Of
said stockholders meeting
And the said appearerS having requested
me, Notary. 10 put the said amendment in
authentic FORM | do by these presents re-
ceive said amendment in the form of this
public act, TO the end that said amendment
may be promulgated and recorded and thus
be read into the original charter passed be-
fore Fred Zengel Notary Public. on the
BIRD day of May. 1906.
Thus done and signed in my Office at the
City OF New Orleans, State of louisiana
on the day and date herein first above writ
ten, In the presence of Messrs. Alexander
Bugdahl, Jr., and Chester VI. Schneidau,
competent witnesses, who hereunto sign
their names with said appearers and me-
Notary, after due reading of the whole
Original Signed)
NJ. MICHAELIS. Captain.
G. ii. BR0CKMAN, Secty.-Treas
A. BUGDHAL. Jr..
CHESTER VI. SCHNEIDAU.
W. Mel. FAYSSOUN, Not. Pub