The herald., 1912-02-22


sell or dispose of any stock in this corpO-
ration without first having offered same to
the corporation at its then book value as
shown by the books of the corporation
through its board OF directors, who shall
have the right to purchase same within
thirty days from the date of said offer
ARTICLE V.
All the corporate powers of this corpora
ton shall he vested in, and the management
ana control OF Its business and affairs shall
he exercised by. board of directors to be
composed of three stockholders a ma iority
Of whom shall constitute a quorum for the
transaction of all business The directors
shall be elected annually. by ballot of the
stockholders on the first Tuesday Of April
of each year. Each stakeholder shall be en-
Tilted In person or by written proxy. to one
vote for each share of stock owned BY him
and standing in his name on the books OF
the corporation. All elections shall be held
under such rules and regulations as may be
determined by the board of directors, after
az least ten days notice of such election
snail have been given to each StOckhelder
by mall addressed to his last known ad-
dress or by publication for at least ten
DAYS preceding such election in one of the
daily newspapers published in the city of
New Orleans. The directors thus elected
snail hold office for one year. or until their
successors have been elected and qualified
No failure to hold an election shall be re-
garded as forfeiture of this charter. ANY
vacancy occurring on said board of directors
shali he nlled by the remaining directors
for the unexpired term. Said board of di-
rectors shall at its first meeting elect from
among its number a president, a yice-presi-
dent, secretary and treasurer. 1t may
combine the two last mentioned Offices and
may even elect a secretary who need not be
stakeholder. Said board of directors shall
nave the right and authority TO appoint and
dismiss such clerks. managers and other
employees OF the corporation. including the
secretary who is not a stakeholder. as con-
ditiOns may justify or the business of the
corporation may require.
ARTICLE VI.
No stakeholder shall ever be held liable
debts of this corporation. nor shall any
mere informality in its organization have
the effect of rendering this charter null. or
OF exposing stakeholder to any liability
beyond the unpaid balance due on the stock
owned by him.
ARTICLE VIII.
This act of incorporation NAV he changed
modified or altered, or this corporation NAV
be dissolved with the assent of the stock
holders owning a majority of the issued
stock of the corporation, at general meet
ing called for that purpose after notice
snail nave been given TO each stakeholder in
me manner and form as prescribed in Ar
tlcle or this charter. In case of the dis
solution of this corporation by the expira-
non or this charter or otherwise. the stock
holders shall elect three liquidators from
among their number. to liquidate and settle
the business and affairs of the company.
In case OF the death or inability of any of
SAID commissioners or liquidators the sur
VVor or survivors shall appoint a successor
or successors.
ARTICLE VIII.
Until the election to be held in 1912. the
following stockholders shall CONSTITUTES the
nrst board of directors, viz +: GUY Guthridpe
Arden X. Chapman. Isaac Il. Rennyson, with
the said Guy Guthride as president Arden
X. chapman as vice-president, Isaac B. Rem
hyson as secretary and treasurer.
mus done and passed at my office in the
city OF New Orleans, on the day month and
year, herein first above written in the pres
ence of Theodore A. Beck and Anthony
Troyani, both of this city, competent wit
nesses, who have hereunto signed their
names with the said appearers and me- no.
tary, after due reading of the whole.
tOriginal signed) Guy Guthridge, 80
shares; !. Il. Rennyson, 80 shares: A. II.
lhapman, 90 shares. t. A. Beck. Ant |
rroyani.
ROBERT LEGIER, Not. Pub.
/. the undersigned recorder of mortgages |
Louisiana. do hereby certify that the above
and foregoing act Of Incorporation of the |
Barataria Selling Association was this day
July recorded in my Office In book 1851, |
folio -
New Orleans. Ia, February 18th, 1912
EMILE LEONARD, by. II.
A true copy from the original act.
ROBERT LEGIER, Not. Pub
81 An ;