The herald., 1912-09-12

tually purchased by this corporation.
All shares Of stock shall be full paid and
be binding upon the corporation unless made
on its books and all certificates of stock
shall be signed by such officers as may be
designated by the Board Of Directors.
| ARTICLE V.
All the corporate powers Of this company
| shall be vested IN and the management and
control Of Its affairs shall be exercised by
/ Board of Directors composed of first
stockholders, a majority of whom shall con-
| stitute quorum for the transaction of all
business. The Board Of Directors shall be
elected annually by ballot Of the stock
on the first Monday OF August of each year,
| been given to each stockholder by mail ad-
| dressed to his last known address, or by
publication in one of the daily newspapers
| published in the City Of New Orleans for at
least ten days preceding sSch election. Each
stockholder shall be entitled In person or by
| written proxy TO one vote of each share of
stock owned by him and standing In his
name on the books of the corporation. All
| elections shall be held under such rules and
regulations as may be determined by the
| Board of Directors. The directors thus
elected shall continue In office for one year
or until their successors shall have been
| duly elected and qualified. No failure to
| elect shall be regarded as forfeiture Of this
| charter. Any vacancy occurring on said
Board of Directors shall be filled by the
remaining directors for the unexpired term.
| Said Board of Directors shall at Its first
meeting after Its election, elect from among
Its number a President. a Secretary and a
Treasurer. IL may combine the two last
mentioned Offices into one and may even
elect a Secretary who need not be a stock
holder. Said Board of Directors shall have
| the right to appoint and dismiss such clerks,
managers and other employees Of the cor
poration, including the secretary who Is
not stockholder, as conditions may justify
or the business of the corporation require.
The tenure Of Office of all the employees of
durinQ
Of the Board of Directors.
ARTICLE vi.
No stockholder shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation, nor shall any
mere informality In its organization have
the effect Of rendering this charter null, or
beyond the unpaid balance due on the
0'''' : ARTICLE VII.
This act of Incorporation nay be changed,
modified or altered, or this corporation may
be dissolved with the assent of the stock
holders owning a majority of the stock OF
the corporation at general meeting con-
vened for that purpose, and after each stock
holder shall have been notified In the man
ner and form prescribed in Article V Of
this charter In case OF the dissolution OF
this corporation by the expiration OF this
charter or otherwise the stocknoiders shaLl shail
number, to liquidate and settle business and
affairs Of the company. In case OF the
death or inability OF any or said commits
sioners or liqutdators, the survivor or sur
vivors shall eppoint successor or success
sors to them.
ARTICLE VIII.
Until the election to be held In August,
1913, the following stockholders shall con-
stitute the first Board Of Directors, viz
Samuel NJ Todd, Murice G. Wogan and
Frederick s. Sutherland, with the said Sam
uel NJ Todd, as President and the said
Maurice G. Wogan, as Secretary Treasurer.
Thus done and passed at my ONCE In the
City of New Orleans, on the day, month
and year, herein first above written, In the
presence of Theodore A. Beck and Anthony
Troyani both of this city. competent wit
nesses, who have hereunto signed their
names with the said appearers and me,
notary, after due reading of the whole:
Original signed Samuel M. Todd,
shares; NJ. G.. Wogan, 20 shares; +, s.
Sutherland, shares.
witnesses st. A.. Beck, Ant. Troyani.
ROBERT LEGIER, Not. Pub.
l. the undersigned Recorder OF Mortgages
for the Parish Of Orleans, State OF Louisia-
ma, do hereby certify that the above and
foregoing charter of the River Front Tank
Storage Company, was this day duly re
corded In my Office, in book 1855, Folio
New Orleans, La, August 20th, 1912.
tSigned) EMILE LEONARD, ID. r.
A true copy from the original act.
ROBERT UBGIER, Not. Pub.
Aug %, %, Sept. 5, 12, 10, 26.