The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-25

shall be authorized to treat the recorded
owner as the owner for all purposes.
This corporation shall be organized and
become going concern as soon as nifty
thousand $1,000 .OOD dollars shall nave
been subscribed TO the capital stock.
ARTICLE V.
All the power Of this corporation shall be
vested in and exercised by "A board of three
directors pursuant to such rules and regu-
lationS as they may adopt. The said direc-
tors shall be elected by ballot at an annual
meeting of the shareholders. under the SUI
pcrviSiOn of two commissioners of election
appointed by the board Of directors, which
meeting shall be held on the first Monday
in the month of May Of each year after due
notice sent by mail TO each stakeholder 10
the address furnished by such stakeholder TO
the secretary, not less than ten days prior
to the holding of such an election. The
first board of directors shall De elected i'm
mediately after the signing Of the charter
by the subscribers to not less than fifty
thousand (S5O, 100000 dollars Of the capital
stock and the directors 50 elected shall hold
office until the first Monday in May, 1914.
At all meetings of the shareholders each
vote, in person or by proxy, on each share
of stock held by him. At any meeting of
the board of directors, any director absent
from the city may be represented by any
other director. who may cast the vote of
said absent director according 10 the writ
ten instruction OF said absent director.
Inc BOARD OF directors snail nave 1ull
power and authority to sell, lease, mOrtg ge
or pledge any and all of the property. NOV
able and immOvable belonging TO the COM
pany without referring 10 the stockholders
for power TO do So and they may also pur-
chase, for cash, or on credit, property of
any kind required for any OF the purposes
of the company, without authority of the
shareholders; or make any contract and
perform any act whatsoever for and in the
| name of the corporation which the corpora
| tion itself could make and perform
The board Of directors shall have full
power and authority to employ, appoint for
such time as they deem proper. and 10 dis
miss such managers. superintendent. agents
and employees as they may deem best and
! TO vest in them such powers as they see MT
and to fix their remuneration.
In case of any vacancy in the board OF
electors the remaining members shall have
! the power to till the vacancies and all III.
rectors and officers of this company shall
! remain In office until their successors are
| elected and qualified. Failure 10 hold the
/ annual meeting shall not dissolve the cor
poration.
ARTICLE VI.
This act of Incorporation may be changed
modified or altered or this corporal ton NAV
be dissolved with the assent OF three fourthS
| or the stock present or represented at q
| meeting convened for that purpose after ter
| tlOl days written notice mailed 10 eacl
stakeholder at his last known postOfice ad
dress.
ARTICLE VII.
All proceedings relative 10 the increas sins
or diminishing of the capital shall be takeI
in the manner prescribed by the laws Of
the state of Louisiana.
ARTICLE VIII.
No stakeholder shall ever be held liabl,
or responsible for the contracts or faulti
of the said corporation in any further sun
than the unpaid balance due on the share
| owned ma
informality in organization have the effec
OF rendering this charter null or of expos
ing a stakeholder to any liability beyOnt
the amount of his unpaid stock nor shall
any informality or irregularity in organiza
tion ever have the effect Of rendering an,
stockholder liable as partner.
ARTICLE IN.
Whenever this corporation Is dissolve,
either by limitation of time or by the de
termination of the stockholders, it's affair
shall be liquidated under the supervision o
two ltquidators to be appointed for tina
purpose at general meeting Of the stock
holders convened after ten DAYS notice
which notice shall be sent by mail 10 tn
address of each stakeholder as left by the1
with the secretary of the company.
At such meeting to consider the liquida
tlon or the corporation the result shall b
determined by the consent of three-fOurth
OF the stock present or represented at sue
meeting. In case Of the death or inabilit
" at VI one VI the llquluatOrS Inc SURVIVE
shall act alone.
Thus done and passed in my office at tn
city OF New Orleans, on the day. month an
year hereinabOve first written, in the pres
ence of John Smith and X. johnson, con
petent witnesses, who hereuntO sign thei
names with the said appearers and me. n,
tary, after due reading Of the whole
Names or siSners.) (Witnesses)
Smith, X. Johnson.
(Signed) FRED. C. MARX.
Notary Public.
State Of louisiana
Parish Of Orleans
/. the undersigned recorder of mortgage
In and for the parish Of Orleans state {
Louisiana, do hereby certify that the aboy
and foregoing act Of Incorporation of tn
, Cecilia Sugar Company, Limited. was tn
, day duly recorded in my office in book fOJ,
, folio :.
: New Orleans, La, April 23rd, 1912.
tSigned) EMILE LEONARD,
'Sea) Deputy Recorder.
"A true copy of the original on file and G
record in my office. except that the name
or the subscribers and the number of share
| subscribed for by each of them have bee
omitted.
Witness my hand and seal OF office TIL
BIRD day OF April. 1912
(Signed) FRED. c. MARX,
(SeaD EotGrn PDhjic
apl - may Q 10 90 80 i9i2 i"'''0'