The herald., 1912-08-08

July OF each year. The first election under
| this charter to be held in the year 1913.
| All elections shall be by ballot at the Of
| nee OF the corporation, under the supervision
OF commissioner to be appointed by the
president for each election. All elections
and meetings of stockholders shall be pre-
| coded by ten days notice sent by mail by
| the secretary to each stakeholder to the az
| dress left by him with the secretary; each
share of stock shall be entitled to one vote,
! 10 be cast In person or by written proxy, and
majority Of votes cast shall elect The
| board of directors shall have power to fill
all vacancies occurring in said board. Fail
| ure 10 elect directors on the date above spe-
Gifted shall not dissolve this corporation
but the then existing board and other off,
| GERS shall hold Office until the election of
their successors, after notices as above pro-
vided.
At the first meeting after their election,
the said board Of directors shall elect from
their number president, a vice-president,
and secretary treasurer, and such other Of
ticers as said board shall deem necessary.
Said board Of directors shall have power
and authority to make and establish as we'll
as to alter and amend bylaws, rules and
regulations necessary and proper for the
support and management Of the corporation.
said board shall also have power and au-
thority 70 fix the terms and conditions upon
which property shall be purchased by said
corporation and alienated by 1t; to borrow
money, execute mortgages, issue notes or
other evidence Of debt as they may consider
advantageous, and to designate some officer
ton and act for Ii In selling buying, mort
gaging. etc. property; to issue stock in pay
ment OF money borrowed, received or pro-
perty, labor or services acquired by. said
corporation. At all meetings of said board
a member thereof may be represented by an
other, under a written proxy.
Said board shall have power by a vote
representing not less than two-thirds Of the
capital stock then issued to SELL mortgage
tby bond mortgage or otherwise), lease or
pledge any or all of the movable or immov-
a mr. ~ nf a Ian 20
ceive In exchange therefor money, or stock,
or bonds Of other corporations, and to vote
such stock and bonds at any meeting OF
such other corporation, without referring to
the shareholders for authority so to do, and
said board shall have power to designate
and adopt a corporate seal and alter or
change the same at pleasure, and generally
have all powers generally vested In boards
of directors by custom, usage or laws. Un-
til the meeting to be held in July, 1913, IN |
der this charter Louis NJ. White, Harmon |
pose the first board of directors, with L. NJ |
White as president, Harmon Ward as vice. |
president, and Frank j. Nolan as secretary |
treasurer.
No stockhoder shall ever be liable or re- |
sponsible for the contracts, fault, or debts, |
nor shall any mere informality In its organ |
ization have the effect of rendering this |
charter null or Of exposing any stakeholder |
to any liability but the unpaid balance due |
on the shares owned or subscribed by him.
ARTICLE vi.
Whenever this corporation Is dissolved, by |
limitation or otherwise, its affairs shall be
liquidated by three commissioners, consist
Ing of the president, the vice-president and |
the secretary-treasurer, who shall hold such |
office of commissioners until the final liqui- /
dation. In case OF death, resignation Of
one or two Of said commissioners, or Of the
inability to serve the remaining commits
sioners shall serve until the final liquidation.
ARTICLE VII.
This corporation may be dissolved Its
,apital stock increased or decreased or this
let of Incorporation amended or altered by
complying with the laws Of the state rela-
Thus done and passed in my office, at the
,ity of New Orleans, on the day, month and
rear first above written, and In the presence
" Eugene ID. Saunders and K: Johnson, wit
iesses OF lawful age, domiciliated In this
.ity, and therein residing, who have signed
heir names with the said appearers and me,
rotary, after reading thereof.
(SignedD Names Of signers omitted.
Eugene ID. Saunders, K. Johnson.
(Signed) FRED. C; MARY,
state OF louisiana
'arish Of Orleans.
l. the undersigned recorder of mortgages
n and for the parish Of Orleans, state of
louisiana, do hereby certify that the above
resent Speciality Company, Limited, was !,
his day duly recorded In my office, In book :
Ne New Orleans. July 18th, 1912.
(Signed) EMILE LEONARD,
Dr. Recorder. 7
I hereby certify that the above and fore 4
Ding Is a true and correct copy Of the orig r
nal on file In my Office except that the 4
ames of the signers and the number Of \
hares OF stock subscribed has been omitted. h
(Signed) FRED. c. MARY, v
Not Ps6 !
NJ Is IS aug 1 Is % 1912 n
In