The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-31

and to operate, own or lease any kind of
manufacturing plant or any kind of business
possess lease, sell, operate and work mines
of any and all kinds; to act as agent or
attorney in fact for individuals or corpora
lions and as such, to conduct any kind Of
business for persons or corporations and to
buy and sell on commission or otherwise,
and TO conduct a general commission bust
ness and generally TO do and perform any
and all acts or business not contrary to
the laws of the state OF Louisiana.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at one hundred thousand dol
lars $500, 00O.O0) to be divided into one
thousand $1,000 shares of one hundred dol
lars tS1O0Oo) each. to be paid for in money,
or Its equivalent, at the time of its issuance,
or to be issued full paid and non-assessable
In the payment of rights or property or
franchises or concessions bought by or trans
ferred to this corporation; or for services
may commence business as soon as FIVE
thousand dollars (S5,0OOOO) OF its capital
stock Is subscribed for. All transfers Of
poration subject to the bylaws governing
them. The capital stock of this corpora
ton may be increased or decreased by a
at general meeting, after ten (10) days
| notice sent to the stockholders as herein
provided
ARTICLE v.
| J. All the corporate powers OF this corpora
tion shall be vested in, and exercised by a
board OF directors consisting Of not less
than three 81 or more than FIVE 90 stock
Der for the ensuing term shall be determ-
| ined by the stockholders at the meeting
held for the purpose of electing said direc.
tors and just prior to their election. The
| 0fncers OF this corporation shall be a preSi
dent, vice-president and a secretary.
treasurer, all of which said officers must be
''@ The rst board of directors of this cor
| DOrattOn shall bp ole. ted nv tho StOpkh hold
ers Immediately after the signing of this
charter and said board shall at once elect
from their number; the officers herein
retain their respective offices until the sec
ond Tuesday in October, 1912, at which
time and annually thereafter the stock
board of directors as herein provided, anC
said board shall upon taking their seat,
proceed without delay TO elect the officer:
herein mentioned.
All boards of directors and officers shall
remain In office until their successors ar,
duly elected and qualified. Any failure L
nave any such elections at the time tixeC
shall not have the effect of annulling thi
charter but the then board of directors o
officers shall hold over until such election
can be had Any vacancy occurring on tn,
board between elections shall be filled 70
the remainder of the term by the remainin,
directors. Any director may appoint, b.
written proxy amy other stakeholder as hl
proxy on said board and exercise, for tn
All elections shall be by ballot. Eacl
share of stock shall be entitled to one vote
either in person or by proxy, and major
lily or the votes cast shall elect or decide al
matters voted upon; and all meetings o
stockholders shall be held after five %
days prior notice in writing sent TO eac
stockholder at his last known address.
The majority of the board of director
snall constitute quorum for the transaC
ton or all business, and a majority OF al
votes cast shall decide all matters vote
upon.
Said board of directors shall have IN
right and power. by unanimous vote. TO de
egate so much of the corporate powers vest
ed IN them as they may deem fit, to IN
president, yice-president or the secretary
treasurer of this corporation, and he sha
exercise the same as though each act 5
done was passed by the majority of IN
, board or directors, and shall be binding o
, the corporation. The board OF director
snail have full power TO discharge ali en-
, ployees or agents at pleasure and TO II
, their compensation and salaries and ger
! orally TO do all things necessary in IN
premises for the transaction of the bushes
ana analrs OF the corporation
No employee shall be considered as on
ployed by the year. unless so cOntracte
, with In writing. All rights herein granite
, may ne exercised, and business conductc,
AT any place or places that the said con
! pany may see mt to do without any restri,
lions Whatever TO states or countries
ARTICLE VI