The herald., 1912-04-18

TO-" 10y SAAu kIII1m - "
manufactured products. and any az.
ceSSOry thereto: in the State az Ia
n other states and the terrItorlss j
United States, and in foreign coun,,H
lis Board OF Directors NAV from ~
time determine; and TO purchase
and own any and all rights. patep,, y
or franchises for and on any n, M
concrete cross ties or other eguinms.. !
c~esSOrieS As NAV be necessary ar 49,
in the United States and In for,Iys !
tries.
ARTIVLE ".
The authorized capital stock a, AZ, !
poration Is hereby fixed at Two r.
and Fifty Thousand $3.50. 00Ol DnTs,
ided into and represented BY Tvs,,,
hundred C2,5OOl shares Of the par M
One Hundred $1,000 Dollars ssch :.
said shares may be paid for in ns.
services duly rendered TO the coruor.t,
in property regularly transferred m IN
poration as the Board Of Directon M, /
termine. and shall be fully pajd AZ j
assessable before being issued. and a,
evidenced by certificates which "a
transferable only on the books Of n, a
pany. This corporation shall becov =
be a going concern and begin busIns. :
One Hundred and Fifty Thousand (slal
Dollars Of its capital stock shan have
ARTICLE v.
The corporate powers Of this cor,o.t
shall be vested In and exercised by , ~
or Five tJ) Directors selected from ~
the stockholders OF the corporation MI
majority Of said Board shall ~constin,I
quorum for the transaction Of busipsx :
Board OF Directors shall have posy
make, amend and abrogate all bylaw 4
ana regulations for the management Il
affairs Of the corporation to purchss :
lease. mortgage and hypothecats IA, :
and personal property. rights. credHr
franchises of the corporation, either An
the President or any other person dulv r
orized 10 act and generally to do a.
form all things Necessary In the trznzct
or the business and affairs OF the q
pany, .proided, that they may delesatth d
PRESIDENT or other person selected " :
such authority as they deem At n 4
ence TO employing and discharginr n
n employees. fixing their salaris :
wages, and generally managing the q
Of the Company.
Annually, at their first meetlnr afr Z
ton the Board OF Directors shall sIett<
among their own number a Presiis;
Vce-President, a Secretary and a Traz'
with the option OF one person fcr VI
tary and Treasurer.
The first Board OF Directors shall b i
posed or VI. W. Carrico. s. F. HeasIR |.
crews, ID. ID. Moore and II. z Per-!
with VI. W. Carrico as Presideuf, 1
Heasllp as Vice-president, and J. j n
as Secretary-Treasurer. and tbey shH 4
tlnue in office until the second Tusef
January 1Q10 ar nntil thatr Gr1<#
shall have been duly elected and qazI;s
On the second Tuesday In Januay, D.
and annually thereafter, or as 90, :
said date as possible. at a meeting d a
| holders called for that purpose, an -,
o Directors shall be held at the d.
the Company In New Orleans, Lxz5
after ten days written notice mailed :
stakeholder at his last known adtrx :
by publication for not less than tf :
prior to said meeting In a newspsHf :
lished In New Orleans, Louisiana. ks
election each stakeholder shall Be g
70 cast, either in person or by duly -
lied proxy, one vote for each share dn.
owned by him and standing In hs -
n books of the Company, and Z M
or the stock voted shall be necesn1
elect. Vacancies In the Board OF u
shall be filled by 1t for the unexpinf
from among the stockholders OF ne
pany.
ARTICLE vi.
This charter may be amended -
or modified, or this corporation nay y j
solved and its business terminated y !
time, by a vote Of three-fourths Of
present or represented, at a genen
ing OF stockholders, convened for m
pose after thirty days written notn !.
10 each stakeholder at his last kDer
dress, n by publication In q -
published In New Orleans, LOUISE
not less than thirty days prior v
meeting.
ARTICLE VII.
At the termination OF this chr
limitation or at the dissolution 49,
poration as hereinabove provided y
wise, the affairs OF the COMPANY
l~iquidated by three 90 commissiopm
en- by a majority OF the stock presen
resented at a stockholders meetE
Tor that purpose, after ten days ~ ~
tlce mailed TO each stockholder So
known address, or at the meeting
dissolution Is determined upon: ~
dating commissioners shall give -
other security, as the stockholden =
termine, and shall li1uidate ana ~ y
affairs of the corporation under y
and regulations as may be prono1
stockholders. In the event OF vaesI.
llquidating commission, the remsDDss
misSiOners shall select from -
stockholders OF the Company
missioner to I'LL such vacancy ADJ
give the same bond or other secu''
other commissioners.
ARTICLE Will
No stakeholder Of this corpOnisa.~ n
ever be held liable Or responsnus I
contracts OF faults in any furfnsI
the unpaid balance due the CvDSl5
shares OF stock owned by him nvl 4
mere infOrmality In the organizAun.-sx
Corporation have The effect Of reBdersa
charter null. or OF exposing any 81 [
to any liability beyond the amosIIM /
unpaid balance due for stock w.
Thus done, executed and ss1s TSsi
presence OF Milton Seawel anns,,iI53
FurlOw, competent witnesses, .ssir =
this Parish. who hereunto sigI -
together with the said subscrpesss ~ 4
said Notary, on the day D 'a@
written, NAMES OF suBscs''
ATTEST:
(Signed) MILTON SEAM6Sr
THOS. p. FURLon.iuu|
(SignedD LEWIS X, 20
A true copy: LEWIS Y; u On PyH1
tSEAL) Noeag a y
/, the undersigned Recorder ot1
cages in and FOR the Parisn sSsrtiy
State OF Louisiana. DO hereD! ipc11
the above and foregoing act n. ~
ton OF the Universal Contreps nv VI
was this day duly recorded III
Book 1851. folio -,DoyARD pj
(Slgned) EMILE uSo