The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09

ferred stock voted upon 10 be eon,,Ad i,
one vote, snail elect the person or PAU si
Tor whom they have been east FS'SVH
| Inc annual election Of the board n, Al.
| torS snail take place on the first Nondsn q
June OF each year, commencing with the A..
Monday in June, 1913 Whenever tbs ny ny
| day shall be a legal holiday. the 49,. ~
shall be held on the next legal Sav ,Suoa
after. Notice Of said election shall 10 G .ae
by at least ten (1O) days written notisa =
registered mail, sent To each stOckhoIds, !,
| record at his last known address na
books of the company. The hoard a, ~ AZ ~
tors shall appoint two (2D stockholdsc,. !,
PRESIDE at such election as cOmmissIaa.a
In the event Of the failure OF anv coU,Ns1
slOner or commissioners to attend Tho s n.i
uent shall, by appointment, fill the yacsD,
| ANY failure from any cause whateva.
elect directors on the day named n, -.
purpose shall not dissolve the corno.., sn'
out the directors then in office AZ wsn
une 0mcers OF the company. shall hold o,s
untI tnelr successors are chosen In su,s
event, the president shall call another ~.
tlon TO be held within thirty (3m dsv.
vided. "e 'ei"oeiore pm
The election OF directors shall no nv ~
lot at the office Of the cOrpOration IN a.
| city OF New Orleans, between the hon m
ten O'Clock a. m. and two O'CLOCK n nun ~ y;
the majority OF votes cast, each shars =
STOCK voted upon to be counted for one yot.
shall elect the person or persons FOR xhNs
they nave been cast. The holders az con
snon STOCK snail elect seven directors chos.,
from the holders OF common stock and n.
holders OF tirst-preferred stock shall ~
Two directors who may be holders az n,
Ierred stock. When the first preferred 80
snail have been called In or purchased 4.
roIueTs OF second-preferred stock shall sIer
There shall be separate ballot boxss a,
the ballots OF common and preferred sts+
w men an or the preferred stock shall m
Oeen called In or purchased. the bodsr =
common stock shall elect the board Of div
Until the preferred stock shall havs ~,
called In or purchased, the board OF dIrsrto,
ShdIi not ALLEVIATE, mortgage or disnosa a
us lmmovable property or oyster bsjdr,
srounds. 1t shall, however have the rrf
oyster bedding or planting gronnds t y, y,
/ equal portion e' a" ~
AFTER each election the board Of diracta.
snail elect from their own number the "A
cerS OF the company. It shall have IA
trot 70 segregate the office OF secrenu
treasurer ana TO create two Offices theref
ARTICLE v.
rms charter may be changed. altered o
| amended, or this corporation NAV 10 Al
solved with the consent of stockboiders ON
- thicc-lOuTtnS or the common stock Oh
tne corporation, present or represented AZ Al
general meeting OF the holders OF common
STOCK convened for that purpose, OF vhlA
| salu meeting at least ten DAYS written no
ice snail have been given by mail sddressd
| 10 each holder OF common stock at bis AS
SHOWN SHOWN place OF residence, provided be be al
stockholder OF record on the books Of tk|
| company.
| rms charter may be amended TO proyId
LOT the issuance of preferred stock In q Sun
| not 10 exceed three hundred thousand d.
iars $500, OO0.OO) after the preferred toa
hereinbefore referred TO shall have been cal
| ed IN, retired and cancelled.
In case OF dissolution or termination II
thls corporation, either by Limitation Of b
charter or from any cause, the llquidatc
Oh its anairs shall be conducted By tire
commissioners, selected from the holders q
common stock, at a meeting OF STOCKHOLDERS
as nerelnabOve provided.
"A majority OF votes to be cast at Sk
meeting shall serve to elect. Said eonnt
sloners shall remain In office until the q
Ialrs OF the company shall have been iSlf
iiquluated. In case Of the death, resign
tion, or inability to act OF one or more 9
the said commissioners, the survivor snl
continue to act with the same power, a.
snalI be authorized TO continue and coe
plete the liquidation. The powers and CO.
penSatlon OF the commissioners shall be ms
oy tne stockholders at the meeting at sln
they are appointed.