The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-07

and to operate, own or lease any kind of
manufacturing plant or any kind OF business
not specially prohibited by law; to own,
or any and all kinds to act as agent or
attorney in fact for individuals or corpora
tions and as such, to conduct any kind of
buy and sell on commission or otherwise.
and TO conduct general commission bust
ness; and generally TO do and perform any
and all acts or business not contrary "a
the laws OF the state Of Louisiana.
ARTICLE ".
The capital stock of this corporation Is
hereby liked at one hundred thousand dol
lars S1OO,O00.00) to be divided into one
thousand 10000 shares Of one hundred dol
lars tS1O0.O0) each, to be paid for in money,
or Its equivalent, at the time of its Issuance
or 10 be issued full paid and worcestershire
IN the payment Of rights or property or
franchises or concessions bought by or trans
ferred to this corporation. or for services
actually rendered to 1t. This corpora ton
thousand dollars (s5,OOO.OO) of its capital
stock Is subscribed for. All transfers OF
stock shall be made on the books of the cor
poration subject to the bylaws governing
them The capital stock OF this corpora.
ton may be increased or decreased BY a
three-fourths (3-4) vote Of the stock issIled
at general meeting, after ten (1O) days'
provided.
ARTICLE v.
All tne corporate powers Of this CORPORA
ZION snail be vested in. and exercised by a
board or directors consisting Of not less
than three 90 or more than five (5) stock
holders or this corporation, which said num-
per Tor the ensuing term shall be determ-
held for the purpose OF electine said direc.
tors ana Just prior to their election The
omcers or this corporation shall be a presi-
aent, vice-president and a secretary
stockholders S' O'
The first board Of directors Of this cor.
poratlon shall be elected by the stOckhold-
cbs tim tmmediately after the signing of this
rom thelr number, the officers herein
named. Which said board and officers shall
retain their respective Offices until the sec
ond tuesday in October. 1912, at which
time and annually thereafter the stock
holders shall hold a meeting and elect a
BOARD OF directors as herein provided and
salu BOARD shall upon taking their seats
proceed without delay to elect the officers
herein mentioned.
All boards of directors and officers shall
I staI IN ONCE until their successors are
nuIy elected and qualified. ANY failure TO
have any such elections at the time fixed
snail not have the effect of annulHng this
caarter but the then board of directors or
c can rs snall hold over until such election
San De mad Any vacancy occurring on the
BOARD between elections shall be filled for
tne remainder of the term by the remaininp
%lrsg.Srs 49, Any director may appoint, by
proxy. on said board and exercise fo ns t n,s
'ime being, all the powers of such director,
All elections shall be BY ballot Each
snare or stock shall be entitled 10 ono vote
either In person or by proxy. and a ma ior',
NY or the votes cast shall elect or decide all
n.aIiers voted upon; and all meetings OF
o, snail be held after five (5)
u utHsn,. pilot notice In writing, sent to each
s'1rckknolder ar his last known address,
Inc majority Of the board of directors
s siHl constitute a quorum for the transac-
uion vi all business, and a majority of all
III
upon. "i "a''ers 'oteu
said board Of directors shall have tho
1lsnt ana power, by unanimous vote 10 del
eSate so much or the corporate powers vest
'eu IN tnem as they may deem fit. 10 The
president, vice-president or the secretarv-
treasurer or this corporation. and no shall
aa srcise the same as though each act so
p none was passed by the majority OF the
t ySaru OF directors, and shall be binding on
tue corporation. The board OF directors
s,I nave full power to discharge ali en-.
pIoyees or agents at pleasure. and 70 Az
one,r compensation and salaries. and GEN
eralIy TO do all things necessary in the
premises Tor the transaction OF the business
anu analrs or the corporation.
r,o NO employee shall be considered as en-
Ptt ny tne year. unless so contracted
r m.n In writing. All rights herein granted
may De exercised, and business condnctai
a any pace or places that the said com
p tSny may see MT to do without any restric
'ions Whatever to states or Countries
ARTICLE vi.