The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06


| At all stockholders meetings every stock
| holder shall have the right, In person or by
proxy, 10 cast one vote on each share of
stock held by him, but preferred shares shall
have no voting power as TO election of direc-
! tors or declaration of dividends Two men,
bers of the Board Of Directors shall consti-
tute quorum. Any and all of the direc-
| tors shall be subject to removal at any spe-
cial meeting of the stockholders called after
the notice provided hereinafter, and said
stockholders at such meeting may fill the
vacancy so caused; but all vacancies not
caused by removal shall be filled by the re-
naming members of the board.
The Board of Directors shall continue in
Office until their successors have been elect
ed and qualified, and the failure TO hold
meetings shall not have the effect of rem
derng invalid this charter or any action OF
the officers or directors hereunder. Meet
ings of the stockholders shall DE preceded by
mailing, at least thirty (3OD days prior to
the dat thereof. to the stockholders Of rec
ord by registered letter, a notice of the time
and place of said meeting. The president
shall have full power to provide for special
or general meetings of the shareholders or
of the board of directors or special meet
ing shall he called upon the petition in writ
! ing, addressed To the president 10y stock
holders owning twenty-five per cent of the
capital stock of the corporation. Any mem
Der Of the board Of directors who may he
prevented by sickness from attending. or
who may De absent from the domicile of the
company, may give written proxy 10 any
Of the members of said board Of directors to
represent him on all matters at any meet
ing of the board of directors, whether spe-
cial general.
The power 10 fix and declare dividends in
accordance with the charter provisions here
Of shall be vested exclusively in the com
mon stockholders, and shall he exercised by
them at the annual stockholders meeting of
this corporation. At said annual meeting
the treasurer Of the company shall present a
report Of the business done Iy the company.
together with a detailed statement of its
I and lfa1. 20 alt...
months period prior to the first Of August
OF that year.
The officers Of this company shall be n
president and secretary and treasurer.
both of whom shall be elected by the board
Of directors at their first meeting after their
own election. Both of said officers must be
members of the board of directors.
The first -bOard of directors shall consist
Of Rene IacrOix. Charles W. Shepard and
+. c. shepard with Rene LacroiX as prcsi-
dent and Charles W. Shepard as secretary
and treasurer The said board shall continue
in Office until the election Of their success
sOrs at meeting of stockholders on the
second Monday in August, 1912.
ARTICLE VI.
This charter may be- amended by q vote
Of three fOurths "a Of the shareholders at
general meeting convened for that purpose
after thirty days notice by registered mail
to each stakeholder of record, as provided
in Article Of this charter
And the corporation may be dissolved, or
the capital stock may H. increased or dimin-
ished, with the assent of three-fOurths ~
of the stock represented at the meeting called
in accordance with the laws of the State of
Louisiana in such cases made and provided.
ARTICLE VII.
Whenever this corporation shall be dis
solved. either by the expiration Of its char
ter or sooner by vote of the stockholders.
two liquidatOrS shall be elected by the share
holders at a general meeting held after
thirty days notice by registered mail. as pro
vided in Article V. The said liqudatOrs
Sha ~ 10 no a IN ~ bn
corporation, 10 sell its property and pay its
debts and distribute the residue, after pay
ment Of the debts and liabilities, among the
shareholders In accordance with the prOvi-
siOns OF Article " Of this charter.
The liquidatOrs shall continue in Office
until the full liquidation Of the corporation
and in case of the death OF either OF them,
the remaining liquidators shall elect sue
cesSOr.
ARTICLE VIII
No stakeholder of this corporation shall
ever be held liable or responsible for the con
tracts or faults of said corporation in any
further sum than the unpaid balance due TO
the corporation on the shares owned by him !;
nor shall any mere informality in OrganiZa-
tiOn have the effect Of rendering this char
ter null or of exposing a shareholder to any
liability beyond the amount Of his stock
ARTICLE IN.
The persons whose names are hereuntO
subscribed are hereby declared to be the in
corpOratOrs OF this corporation and have
respectively written opposite their names the
amount of stock subscribed by each one of
them, that this act of Incorporation NAV
also serve as the original subscription list
TO the capital stock of this corporation. This
corporation shall have the right TO commence
business and be a going concern when this
act OF Incorporation shall have been signed
and when the sum of three thousand dollars
(S3. 0O0) of the capital stock shall have been
actually subscribed for. The Board of Direc-
tors shall have the right to issue at not less
than par additional stock, common and pre-
ferred, up to the total amount Of stock au-
thorized by this charter. All stock muet bs
paid for in cash; but the Board of Direc-
tors may provide for payment by INSTALL
mentS.
Thus done and passed at the City of New
Orleans. State Of Louisiana, on the day.
month and year herenabOve first written.
in the presence OF EsmOnd Phelps and Frank
A Miller, competent witnesses. who here.
unto sign their names with the said APP
bearers and me notary, after due reading
Of the whole.
THE original is signed) r. LacrOix.
twenty shares common stock; Chas. y. Shop
ard. nine shares common stock +. e. Shep-
ard. one share common stock.
Witnesses: Esmond Phelps +. A. Miller.
PIERRE ID. OLIVIER.
Notary Public.
l. 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
X. Lacroix Co, Ltd, was this day duly
recorded in my office in book 1888, folio 179.
New Orleans, May %, 1912.
fSignedD
(SeaD EMILE LEONARD, ID. r.
| certify the above and foregoing to be a
true and correct copy of the original charter
Of X. Lacroix and Company, Limited, on file
and OF record in my Office.
PIERRE ID. OLIVIER,
Notary Public
.iune IL % 81 iuIy II 1912