The herald., 1912-11-14

the company at the date of said election or
meeting; said votes, to be cast In person
or by written proxy, and majority of the
votes cast shall elect.
The failure to elect directors at the an
nual meeting shall not dissolve or affect the
corporation, nor impair Its management In
any respect: but the directors in office shall
remain In Office until their successors are
elected and qualified.
The board of directors shall elect as soon
as possible after their own election and
from among their own number president,
a vice-president, and a secretary-treasurer,
and may grant to each officer such powers as
they deem proper.
All vacancies in the board for whatever
cause shall be filled by the remaining direc-
tors. Any member Of the board may ap-
point any other stakeholder his proxy to at
tend any meeting and act In his place and
stead
Whenever this corporation shall be dis
solved, either from limitation or otherwise,
It's affairs shall be liquidated by two COM
missioners, to be appointed from amongst
the stockholders at a general meeting of
the stockholders convened for that purpose,
of which meeting notice shall be given In
the time and manner provided for stock
holders meeting in Article VII OF this
charter, and a majority In amount OF the
capital stock represented at such meeting
shall be requisite to elect. Said commits
sioners shall remain in office until the az
fairs of the corporation shall be fully liqui-
dated In case of the death, resignation,
or inability to act of either Of said com
missioners, the vacancy shall be filled by
the stockholders after similar notice, I'M
til which time the survivor shall continue to
act The said notice of meeting may be
waived by unanimous consent or the stock
holders.
This act OF Incorporation may be modi-
fed, changed or altered, or said corpora
tion may be dissolved, with the assent OF
three-fourths of the capital stock represent
tine nft hn cfn n
convened for that purpose, and after notice
shall have been given in a daily newspaper
published In this city once week for
thirty days preceding the meeting The
nous consent Of all the stockholders. Any
change made or proposed with reference to
the capital stock shall be made In accord
ance with the laws of this state on the sub
atoms.
No stakeholder shall ever be held liable
for the faults or contracts of said corpora
tion In any further sum than the unpaid
balance due TO the corporation on the shares
owned by him, nor shall any mere infor-
mality have the effect of rendering the char
ter null or exposing any stakeholder to any
liability beyond the unpaid balance due on
ARTICLE IX.
The first board of directors shall consist
Of Paul Felix, Alexander Masx and Adolph
Nasits, with Paul Felix as president. Alex
ander Marx as vice-president. and Adolph
Nasits as secretary-treasurer.
The subscribers hereto have respectively
written opposite their names the amount Of
stock owned ~ them In this corporation.
so that this act of Incorporation may also
serve as the original subscription list of
the corporation.
Thus done and passed at my Office In the
city Of New Orleans, state of Louisiana, on
the day, month and year herein first above
written. In the presence OF Messrs. Arthur
McGuirk and Thomas A. Tabary, competent |
witnesses of the age Of majority and resi- |
dents Of this city, who hereunto sign their |
names with said appearers and me, notary, |