The herald., 1912-04-11

manufactured products, and any ar,is.
ce>sory thereto: in the State Of In,e,
| and other States and the territo,iss !
| United states, and in foreign eount..
us Board OF Directors may from n.
! time determine: and 10 purchase -
ana own any ana all rights, patent, y
| or franchises for and on any a. y
| concrete cross ties or other eouinms,..I
! ccSSorieS as may De necessary or a..
in the United States and in forpir, !
| tries.
ARTIvLE ".
The authorized capital STOCK q, M
| poratiOn Is hereby fixed al Two ~
| and Fifty Thousand $3.50 O0) ns''-
ided into and represented bv TEsS
Hundred (2.5O0D shares Of the psr ~
One Hundred (s1O0) Dollars eseh
said shares may be paid for In man,
services duly rendered to the corporti,I
IN property regularly transferred Ia M
poration as the Board OF Directors MAJ
termine. and shall be fully paid aDd 7
aSSessable before being issued, and d, /
evidenced by certificates which sb,T
transferable only on the hooks on n.
pany. This corporation shall heeor,
he going concern and begin busIne.,
One Hundred and Fifty thousand IsIa4
Dollars OF its capital stock shall h,p I
subscribed.
ARTICLE
The corporate powers Of this corssk
snail be vested In and exercised nv d
or Five 90 Directors selected from -
the stockholders OF the Corporation n
majority CT said Board shall copsti-,
quorum for the transaction Of bushes 4
Board OF Directors shall have pcv
make. amend and abrogate all bylaw :
ana regulations for the management n
analrs or the corporation: to purchav
IedSe, mortgage and hypOthecate De \
ana personal property, rights creds
franchises OF the corporation. eitner ~,
the President or any other nerson mi, :
orized 10 act; and generally TO DO All :
form all things necessary in the trspg.
or the business and affairs OF ths n
pany, ,proided, that they may deleatt :
PRESIDENT or other person selected m .
such authority as they deem III a a
ence 10 employing and discharging \.
ana employees, fixing their salSrs
wages, and generally managing the a.
OF the Company.
Annually, at their first meeting sftr =
ton the Board OF Directors shall seIes &
among their own number a Presi5u.
Nice-President, a Secretary and TraE4
win the option Of one person for q
tary and Treasurer.
The first BOARD OF Directors shall b Z
posed or VI. w. Carrico. S. F. Heaslip
1IewS, ID ID. Moore and H. 4 Ptr
with VI. W. Carrico as President. B
Heaslip as Vice-president. and j. X "a
as Secretary-Treasurer. and they shsH Z
tlnue In Office until the second Tusir (
January, 1913, or until their 1rs
shall have been duly elected and auai;k 1
On the second Tuesday In Januau,
ana annually thereafter, or as soon q
SAID date as possible. at a meeting Of q
holders called for that purpose, a eco
Tor Directors shall be held at the or (
the Company in New Orleans, LOUISE
AFTER ten days written notice mailed =
stockholder at his last known address =
by publication for not less than Ten s.
prior to said meeting In a newspspG g
Iished In New Orleans. Loulsiana. AZ 81
erection each stakeholder shall be est
20 cast, either In person or by duly ~
IZed proxy. one vote for each share o.
owned by him and standing In bis M,
l.e BOOKS OF the Company, and q EAT
or the stock voted shall be necesS1
elect. Vacancies in the Board Of Dr.
snail be filled by IL for the unexplrd
from among the stockholders Of the u
pany.
ARTICLE VI
This charter may be amended, o.
or modified, or this corporation may
solved and its business Terminated
time, by vote OF three-fOurths Of TIE
present or represented, at a general
ing or stockholders, convened for ms
pose after thirty days written notice
10 each stakeholder at his last knon
dreSs, and by publication In q nes
puDllshed In New Orleans, LOushh
not less than thirty days prior h
meeting.
ARTICLE VII.
At the termination OF this es1rx
limitation or at the dissolution Of W
poratlon as hereinabove provided o. X
wise, the affairs OF the Company
liquidated by three 60 commissioner
en- Dy a majority OF the stock preseh
resented at a stockholders meeting
Tor that purpose. after ten days VIII
tlce mailed TO each stOckhOlder u
known address, or at the meeting
dissolution Is determined upon.
eating commissioners shall give ~
other security, as the stOckholden -.
termlne, and shall liquidate ana ~
aHalrs or the corporation under VI
H"N iVS uidIlOnS as may De prV'-
stockholders. In the event OF vacsnq
lquldating commission, the remain.
missionerS shall select from sn~
stockholders OF the Company X
missioner to fill such vacancy ana
give the same bond or other secufW
other commissioners.
ARTICLE VIII
No stakeholder OF this corporan ~
ever be held liable or Responsive -
contracts or faults In any further -
The unpaid balance due the Coifss Z
shares OF stock owned 10y him nor 80 Z
mere informality ia the Organisats%,ss, ,s
corporation have the effect or renue.sS
charter null, or of exposing any ~,
10 any liability beyond the amosIM
unpaid balance due FOR stock owneJ
Thus done. executed and signos 49,
presence OF Milton Seawell ana ,.sli.s
turlow, competent witnesses, domH y, -
this Parish, who hereuntO sign tnsI ~ s
together with the said subscrfoeH - G.
said Notary, on the day and date n'