The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-29

No stakeholder may offer for sale, assign
or transfer his stock In this corporation
without giving to the other stockholders
thirty days prior notice of such intention,
which notice shall be given In writing to the
president, who shall thereupOn Immediately
communicate said notice In writing to each
and every stakeholder of record, in the
manner set out in Article V for notice of
stockholders meeting, and the other stock
holders shall have the first privilege of pur-
chasing said stock at the book value thereof
for a period of thirty days from the delivery
of said notice TO the president, after which
thirty days said stock may be sold in open
market. In the event that the other stock
holders avail themselves of the said thirty
day privilege and the demand should be for
more shares than are offered for sale, the
stockholders desiring to buy shall be en-
titled to purchase upon the pro rata basis of
the stock already standing in their respect
i've names on the books of this company.
There shall be written or printed across
each certificate of stock on this company,
These shares are issued and shall be held
subject TO the charter and bylaws OF this
corporation
The business and affairs OF this corpora
ton shall he managed and conducted by,
and all the corporate powers thereof shall
be- vested in and exercised by a board Of
not less than four nor more than nine direc-
tors TO be elected from among the stock
holders of the company, who shall have, at
least ten shares OF the capital stock of the
company standing in his name on the com
panyS books. \ ma jority Of said directors.
present either in person or represented by
proxy, shall constitute a quorum of the
board, provided that II at any meeting a
quorum be not present, half of the num-
Der Of directors present in person or repre-
scented by proxy. shall constitute a quorum
at the next meeting.
Until the first Tuesday in January, 1913,
or until their successors are duly elected,
qualified and installed, the directors OF this
corporation shall be composed of Albert God
chaux as president Harold Mayer, as vice
president II. +. l.. Mayer and A. \. ZODIAC.
On the said first Tuesday In January, 1913,
and annually thereafter a meeting of the
stockholders of this corporation shall be
held at its dOmicic for the purpose of
eecting directors for the ensuing year. said
election shall be by ballot and the stock
holders receiving a majority of the votes
cast shall be declared elected. a failure
from any cause whatsoever to hold this said
annual meeting, or failure TO elect directors
on the day above specified shall not dis
solve the corporation, but the directors and
Ulcers then in Office shall hold over until
their successors have been duly elected, quail
ihed and Installed and ii shall be the duty
OF the board of directors TO convene within
ten days another meeting of stockholders
for the purpose of electing directors, OF
which meeting each stakeholder shall have
| three days prior notice in writing. The
failure TO hold said second meeting, or the
failure TO elect directors at same, shall like
wise not dissolve this corporation, but the
there shall be no election of directors by
stockholders until the date of the next an
nual meeting, to which or to any subsequent
annual meeting or meetings the same rules
shall apply.
Except as herein otherwise provided. no
! tice of all meetings of stockholders for the
election of directors or for any other pur-
! pose. shall be given in writing at least ten
! days prior To the date fixed for said meet
| ing, and shall either be delivered personally
10 the stockholders or deposited in the mail
directed TO each stakeholder TO his address
as same shall appear upon the books OF the
corporation and II no address appears upon
| the books Of the corporation, then said no
| tice shall be deposited in the mail directed
care OF general delivery, New Orleans. La.
! Any notice required by this charter may
be waived in writing by any or all of the
stockholders appearing as such upon the
| books. At all meetings Of stockholders each
stakeholder shall be entitled TO cast one
vote. either in person or by proxy, for each
share Of stock owned by him and standing
| in his name on the books OF the company
and except as herein otherwise provided. a
majority OF the votes east shall be sufh
cient 10 elect and decide any and all queS
| tiOnS voted upon.