The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03

the first election to be held in the year 1914.
All such elections shall be by ballot at the
office of the corporation under the supervl-
sion OF five (5) commissioners to be APP
pointed by the board of directors and in
the absence of any commissioner the presi-
dent shall have power TO till the place by
appointment, and Of all such elections, as
well as of all meetings of stockholders, eX-
cept for the purpose OF liquidation or disso-
luton, or as otherwise required by law, ten
days notice shall be given by mailing to each
stakeholder who appears such on the
books of the company, at his last designated
address or at the general delivery at New
Orleans, II he has not designated an ad-
dress, an announcement stating the time and
place of the meeting. Each shareholder
shall be entitled to one vote for each share
of stock standing In his name on the books
OF the company, cast In person or by proxy
and the majority OF the votes cast shall
elect. The board of directors shall have
power TO I'LL all vacancies that may occur
on the board. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then In
office shall remain in office until their sue
ceSsors are elected. Due notice of another
election shall forthwith be given as above
provided. Such notice of election shall be
continued to be given until an election Is
held. A majority of the directors shall con-
stitute a quorum for the transaction of any
business and the board of directors at their
hrst meeting following each annual election
shall elect from their number a president
a yice-president, general manager. a sec
rotary and treasurer, and such other Off
GERS as the board shall deem necessary. The
board shall have the power in its discretion
to unite two or more of the above or other
Offices, and the same to confer upon one per-
son and shall have power to fix the salaries
OF all officers, and of such other officers as
| they may deem necessary. The board OF d.
| rectors shall have power to make and eStab-
| lish as well as alter and amend all bylaws,
| rules and regulations necessary and proper
| for the support and manag cement OF the bus
| mess and affairs Of said fiOn mot
| inconsistent with its charter. Said board
| by unanimous vote shall also have full pow
er and authority to borrow money and
| through the president OF some other duly
| authorized agent Or agenrs to execute mort
cages. issue notes, bonds or other obligations
| In such amount and on such terms as in
| their judgment may be advantageous and
generally to do all things reasonably neces-
| sary for the proper carrying on of the busi-
ness of said corporation, also to issue
and deliver full paid shares of stock and
| payment of money borrowed, labor, services
= property or rights actually received by said
| corporation as heretofore set forth. At any
meeting of the board of directors any direc.
tor absent from the meeting may be repre-
| sented by any other director, who may cast
the vote Of said absent director according
to the written directions of said absent d
| rector. The full board of directors shall
have the power by unanimous vote of the
! five directors, to sell. lease mortgage (by
bond, mortgage or otherwise), or to pledge
any anu all OF the property movable anC
immovable, belonging to the corporation OF
to receive in exchange therefor money oil
stocks or bonds or other obligations OF any
other corporation without referring TO the
shareholders for the power to do so and
4 they may also purchase for stock in thi:
I company or for cash or on credit property
4 of any kind acquired for any of the pur
poses Of the corporation without authority
/, of the shareholders
Until the next general meeting to be hell
under the charter on the first Monday o.
March, 1914, or until their duly qualified
successors are elected and Installed tn,
board of directors shall be composed D
! Wilton f. Aymar, Henry r. warield Clar
ence L. Foretich, VIM. F. Williams, OrmOnt
, r. Aymar. with Wilton f. Aymar as presi
dent, VIM. F. Williams as vice-president an,
treasurer, Clarence l.. Foretich, secretary
: and Henry b. Warfeld as general manager
all other officers are to be elected by tn
board Of directors.
u ARTICLE VI.
FL Whenever this corporation shall be dis
solved either by Limitation or from any othe
: cause, Its affairs shall be liquidated by tire
| stockholders to be appointed at a genera
meeting Of stockholders convened for tn
, purpose Of liquidation. as hereinafter pro
vided, each share being entitled to one vot
to be cast by the holder, either In person o
: by proxy. Said commissioners shall renal
In office until the affairs of said corpora
ton shall have been fully settled and iiqu
, dated, and they shall have full mower an