The herald., 1912-05-30
ARTICLE v.

All the corporate powers OF this corpora
tion shall be vested In, enjoyed and exercised
by Board of Directors to be composed o.
hve stockholders, and who shall be elected
annually on the second Tuesday of the
month Of April, the first election to be held
or the second Tuesday of the month of April
1918.
All such elections shall be by ballot and
shall be held at the office of the company
and be conducted by three commissioners t
be appointed for that purpose by the Board
of Directors and notice of such election,
shall be given by mailing notice of such
election to each stakeholder of RECORD at hi.
post office address at least ten days prior
thereto.
Each stakeholder shall be entitled In per.
son or by proxy TO one vote for each share
of stock owned by him, and a majority OF
the votes shall elect.
A failure to elect directors on the date
above specified shall not dissolve this cor
poration, but the then existing Board OF Di-
rectors shall continue in office and shall
cause another election TO be held as soon
thereafter as possible upon giving the same
notice of such election, above provided.
Vacancies occurring in said board shall
be nlled by the remaining directors and three
directors shall constitute a quorum for the
transaction OF business.
At their first meeting after said election
the Board Of Directors shall elect from
their own numbers a president and a vice
president; they shall also appoint a secre-
tary. and all such agents, clerks and other
fix their salaries.
ARTICLE VI.
The following named persons are hereby
constituted as the first Board of Directors,
and they shall hold office until the second
Tuesday In April, 1912, or until their sue
qualified. to-wit: John Munford, A. 7. Per-
rim, ]. G.. Lacroix, W. Ii. Hodges Henry
Senac, with the said Jno. MunfOrd as presi-
dent and the said Henry Senac as vice-presi-
dent.
ARTICLE VII.
This corporation shall exist and have and
enjoy succession by its corporate name for
period Of ninety-nine years from the date
OF these presents, and whenever it is dis
solved by limitation or from any other cause,
its affairs shall be liquidated by three com
missioners to be appointed by the stockhold-
ers at general meeting to be called and
convened for that purpose, after thirty days
notice given In one Of the daily papers pub
lished in the Parish Of Orleans.
ARTICLE VIII.
This charter or act Of incorporation may
be modified, changed or altered. or said cor
poration may be dissolved with the assent
of three-fourths of the stock present or rep
resented at a general meeting of the stock
holders called for that purpose after thirty
days notice published In one of the daily pa
peTS Oh the OF OTIednS.
ARTICLE TX.
No stakeholder Of this corporation shall
be held liable or responsible for the con-
tracts or faults thereof in any further sum
than the unpaid balance due the company
on the shares of stock owned by him, or shall
any mere informality In organization have
the effect Of rendering this charter null or
Of exposing stakeholder to any liability be-
yond such unpaid balance due on his stock.
Thus done and passed, In my Office In the
city Of New Orleans, on the day, month and
year first herein above written, In the pres
ence OF John r. Perez, and Florence Flynn,
witnesses who have hereunto
signed with the said appearers and me, no
tary. after reading of the whole.
Original signed: t. J. Perrin, 2 shares !;
John Munford, 8 shares; Henry Senac, So
shares; W. II. Hodges, 10 shares; VIM.
Frank. Jr., 2 shares; C. Fl. Rice, shares (;
shares; J. G. Lacroix. 2 shares; A. p. Per
rim, 10 shares B. F. Howell shares: B. NJ.
Taylor, shares ]. A. Kendrick, shares /;
Fred Joachim, shares; ]. B. Saunders, 2
shares; E. B. Lacoste, shares: j. N. Good
wyne, 10 shares.
Witnesses John R. Perez, Florence Flynn.
J. KENYON BAILEY,
(SeaD Notary Public.
I, the undersigned Recorder of Mortgages
in and for the Parish OF Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation OF the
New Orleans Live Stock Transfer Co. was
this day duly recorded In my Office in book
1855, folio 90, New Orleans, La, April 80,
1912.
(signeO EMILE LEONARD. by. Clerk.
J. KENYON BAILEY.
may SSS 8 is % 80 june 10 1912 S'a' fuO''''