The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-21

and to operate, own or lease any kind Of
manufacturing plant or any kind Of business
not specially prohibited by law; to own,
possess, lease, sell, operate and work mines
Of 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
business for persons or corporations and to
buy and sell on commission or otherwise,
and to conduct general commission busi-
ness mess and generally I to do and perform any
the laws OF the state OF louisiana.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at one hundred thousand dol
lars $500 100000 to be divided into one
thousand Q,OOO) shares of one hundred dol
lars t$1Oo.00) each, to be paid for in money,
or to be issued full paid and worcestershire
In the payment Of rights or property or
franchises or concessions bought by or trans
actually rendered TO 1t. This corporation
may commence business as soon as five
thousand dollars ($5,000.00) of its capital
stock Is subscribed for. All transfers Of
poration subject to the bylaws governing
them. The capital stock OF this corpora
ton may be increased or decreased by
three-fourths (3-4) vote of the stock issued,
at general meeting, after ten (10) days
notice sent to the stockholders as herein
provided.
ARTICLE V.
All the corporate powers of this corpora
tion shall be vested in, and exercised by a
board of directors consisting OF not less
holders of this corporation, which said mum.
| Der for the ensuing term shall be determ-
ined by the stockholders at the meeting
tors and just prior to their election. The
ofhcers OF this corporation shall be a presi-
| dent, vice-president and a secretary-
treasurer, all of which said officers must be
The first board OF directors of this cor
poratlon snail be elected by the stockhod-
ers Immediately after the signing of this
charter and said board shall at once elect
from their number, the officers herein
named. Which said board and officers shall
retain their respective Offices until the sec
time and annually thereafter the stock
holders shall hold a meeting and elect a
board OF directors as herein provided and
said board shall upon taking their seats
proceed without delay to elect the officers
herein mentioned.
All boards of directors and officers shall
remain In office until their successors are
duly elected and qualified. Any failure TO
nave any such elections at the time fixed
shall not have the effect of annulling this
caarter but the then board of directors or
can be had. Any vacancy occurring on the
board between elections shall be filled for
the remainder of the term by the remaining
directors. Any director may appoint, bS
written proxy any other stakeholder as his
proxy on said board and exercise, for the
time being, all the powers of such director
Sudll De DV ballot. Each
snare OF stock shall be entitled to one vote
either In person or by proxy, and a major.
lily OF the votes cast shall elect or decide all
matters voted upon; and all meetings OF
stockholders shall be held after. five (5)
days prior notice In writing sent to each
stockholder at his last known address.
Inc majority of the board of directors
shall constitute a quorum for the transac
tlon or all business, and a majority Of all
votes cast shall decide all matters voted
upon.
Said board Of directors shall have III,
right and power, by unanimous vote. to del
egate SO much Of the corporate powers vest
ed In them as they may deem fit. to tn,
president, vice-president or the secretary
, treasurer OF this corporation. and he shall
exercise the same as though each act 81
Done was passed by the majority OF tn,
BOARD OF directors, and shall be binding or
the corporation. The board Of directors
snail have full power to discharge ali EN-
ployees or agents at pleasure and to fl
their compensation and salaries. and gen
, orally to do all things necessary in tn,
premises for the transaction OF the business
! ana anairs OF the corporation.
! NO employee shall be considered as EN-
ployed by the year. unless so contracted
with In writing. All rights herein granted
} may De exercised, and business conducted
at any place or places that the said com
pany may see at to do without any restric
lions whatever to states or countries.
ARTICLE vi.