The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-18
ARTICLE V.

All the corporate powers OF this corpor.
atlon ana the entire management and con
oIoI OF us business shall be vested in and
composed OF not less than three nor more
than ten stockholders. a majority OF whom
shall constitute quorum for the transac
nerSo Ei business, and who may be present in
The directors of this corporation shall Ia
1870 annually, on the first Wednesday in
warren at a meeting, to be held at the Of
nee OF this corporation, after five davs'
written notice thereof shall have been given
9y the secretary, by mail, to each stock
holder, addressed to his then known resi-.
uen nS said election shall be by ballot, and
eacn snare OF stock shall be entitled to one
vote. majority of the votes cast shall
elect. The election OF directors shall ha
under the supervision of two commissioners,
TO be appointed by the president under such
rules as the Board Of Directors shall nro.
vide. '""i P'o'
All vacancies on the board shall be filed
oy the remaining directors, until the next
The Board OF Directors shall elect from
among us members president, vceIpresi-
dent and secretary. The first Board OF Di-
F r. pm snail be pr. Richard Angel. Charles
II: russell and James A. ANGEL with DIR.
Richard Angel as president, Charles III.
russell as yice-presldent, and James A An.
gs,I as secretary: all OF whom shall hold
once until the first Wednesday in March
1915, or until their successors have hean,
elected and qualified
ARTICLE VI
This act OF Incorporation NAV he chanDad
or amended, or this corporation NAV he dis
solved, with the assent OF three fourths OF
the stock present or represented. at een.
eral meeting OF the Stockholders called Sa-
that purpose. after publication OF notice
once week for thirty days, in a daily news.
paper published in New Orleans, and notice.
IN writing, addressed to each stockhoIder
mailed to him by the secretary not less than
n'e DAYS previous to such meeting
ARTICLE VII.
Whenever this corporation Il dissolved
whether by limitation or from any Other
cause, Its affairs shall be liquidated by two
commissioners, TO be selected by a maioritv
sented VI feP'e-
Should any commissioner fail or refuse IN
aacct,; from any cause, the other shall have
Iull power TO act alone: and on the failure
or REFUSAL OF both commissioners to act. the
stockholders may elect other Commissioner
IN the manner above provided, after Ave
holder.
ARTICLE VIII.
No stakeholder shall be liable or respon-
sible for the contracts, debts or faults OF
THIS corporation in any further sum than
| the unpaid balance due on shares OF stock
| subscribed for by him nor shall any mere
III nave the effect
| OF rendering this charter null or of expos.
| ing stakeholder to any liability beyond the
| amount due by him for unpaid stock
mus done and passed, in my office in the
] cltv OF New Orleans. on the day month and
/ year herein first above written. In the pres
| ence or Nessieurs. ]. 7. Levy and David
| Seibert, competent witnesses, who have here
unto signed their names with said appear
! ers and me, notary.
Original Signed Richd. Angel Chas. II
! Russell. JAS X. Angel ]. Z. Levy. David
| Seibert.
W. F. BREWER, Notary Public