The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-04
AMENDMENT TO
CHARTER
or THE SOUTHWESTERN TRACTION &
POWER COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OK
LEANS. CITY OF NEW ORLEANS.

IA n known. that on this, the twenty
third day of the month of November, IN tne
year az our Lord one thousand nine nun
ared and eleven. and OF the independence or
the United States of America, the one mum
dred and thirty-sixth. before me, Alexis
Brian, a notary public, duly commissioner
and qualified within and for the parish OF
Orleans. state Of Louisiana, and In presence
Of the witnesses hereinafter named ana I'M
dersigned personally came ana aPpeareu'
Mr.. +. W. Crosby and Mr.. r. E. Ia Z. Ries;
residents OF the city of New Orleans, OF Iuil
age herein appearing and acting In their
capacities as president and secretary, treas,
urer respectively of the SOUTHWESIEhN
TRACTION AND POWER COMM N ,tx
OF New Orleans, organized originally by ACT
before J. Marshal Quintero, notary pubic,
on the l4th day of July, 1910 and pursuan,
to resolution passed at sdotknSIu can.
les OF the minutes of which meeting are
hereto annexed as part hereof;
who declared that at general meeting OF
the stockholders Of said corporation; hs,u h oa
been convened for the especial purpose, IN
accordance with law, the following amend
ment TO the charter Of said corporation was
adopted by a three-fourths majority wore VI
the holders of all the stock Of said corpora
tiou present or represented at said meeting
Article Of said charter was amended
80 as to read as follows, viz:
ARTICLE v.
aAll Of the corporate powers OF this cor
poration shall be vested In and exerciseue =,
a board of eight directors. OF whom nvt
shall be a quorum. Until the nrst Monoayy
In July. 1912, the following persons sh az
constitute the board OF directors: r. w
Crosby as president, Lawrence Blum as r,rv
treasurer. A. G. Barrow. Jules Dreyfus, Ale,
LYMAN. Leon VI. Wolf and Irving r. Saal
On the first Monday In July, l912 ana an
nually thereafter, the board OF o., t de com
mon stock of this corporation by baiios a
the once Of said corporation. and eacn snar
Of common stock shall entitle It's owner
one vote, which may be cast IN pe nSuc,e
by three (3) commissioners who snaii p
owners Of common stock, to be appoin.eo 20
the board of directors Notice OF sald ele,
ton shall be given to all holders OF t,o ou" IN
newspaper published In the city OF Ne,
Orleans, for not less than ten days ana nc
more than fourteen days prior 70 saio ere
ton; and by written notice mal he voted o2 '
anyone unless It stands In his name upo
the books Of this corporation. =
"If any vacancy occurs In said Doard =
reason OF death, resignation, tne s sh =
qualifying stock or other causes, tne .
naming directors shall elect from anon
the holders OF common stock a successor
All such vacancy. ia =,
'1n the event Of a failure 10 noIo u
eaid annual election Of directors on the ga
fixed herein, the directors In off1ce shaii no
ONCE until their successors are eiecteu, az
shall have accepted said ofnces, ana the Sc
rotary shall call another election at
early a date as Is practicable, a1ter CIV,
the aforesaid notice by publication ana q,
mail as above provided, which election sha
be conducted by three (3) commlssionss
appointed and qualified as herein proVlo'
for the annual election.
"Any election Of directors which may n
be completed on the day on whicn IL
begun may be adjourned to another DAY a,
completed on the day to which II Is a
journed. and there may be several succt
sive adjournments II they be necessary
an election.
"The said board of directors. NAV q
point, from time to time, such omc &c
agents, clerks or other employees as Tn
may deem necessary for the business a
purposes of said corporation. Inc ooa
shall not have the power TO elect OF apPoi
any officers OF said corporation, or a
clerk, agent or employee for nxed yer
ure Of the board, provided that contrs
for fixed period may be MADE Dy
board OF directors with the consent OF
stockholders. The board of directors sn
also have full power and authority TO
row money, execute MORTGAGES, esc,' % ru nts
obligations Of Indebtedness, payable princil
and interest In lawful money OF the UNI
states or In United State gold coin, q
generally do all things reasonable and nee
sary for the proper carrying on or the pu
ness Of the corporation, and also to is'
and deliver fully paid shares OF stock 9
bonds or other obligations OF said corpo
uon In payment OF labor done or Tor moi
borrowed, or for property or rights actua
received by said corporation"