The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-28

and TO operate, own or lease any kind of
ma aig plant or any kind OF business
possess, lease, sell, operate and work mines
OF any and all kinds to act as agent or
attorney in fact for individuals or corpora
tlons and as such, TO conduct any kind of
business for persons or corporations and to
buy and sell on commission or otherwise
and to conduct a general commission bust
ness; and generally to do and perform any
and all acts or business not contrary to
ARTICLE ". A'
Inc capital stock of this corporation is
hereby fixed at one hundred thousand dol
lars (s1OO.OO0.O0) to be divided into one
thousand II ,OO0) shares of one hundred dol
lars lSlO0Oo) each, to be paid for in money,
or It's equivalent, at the time OF its issuance
or TO be issued full paid and WORCESTERSHIRE
In the payment of rights or property or
tfrancnlses or concessions bought by or trans
actually rendered to 1t. This corporation
may commence business as soon as five
thousand dollars (S5,0OO0O) of its capital
STOCK Is subscribed for. All transfers Of
poration subject to the bylaws governing
them. The capital stock of this corpora,
t ION may be Increased or decreased by
at general meeting, after ten Gi0l dSvs'
provided.
ARTICLE V.
All the corporate powers of this corpora.
ZION snail be vested in, and exercised by a
board Of directors consisting of not less
b ndh .nFee ~ or more than i've (5l stock
Der for the ensuing term shall be determ.
med by the stockholders at the meeting
t LOT the purpose Of electing said direc,
o oS5s ana Just prior to their election. The
uent, vice-president and secretary
treasurer, all of which said officers must be
stockholders. '' W
The first board of directors of this cor.
poration shall be elected by the stockhoId-
ers Immediately after the signing OF This
ee rr and said board shall at once elect
named ne Which b6u sa1e h. the eficsrs herein
retain their respective offices until the sec.
ond Tuesday In October, 1912, at which
b time and annually thereafter the stock
board of directors as herein provided. and
sald board shall upon taking their seats
proceed without delay to elect the officers
All boards of directors and officers shall
remain In office until their successors are
1uIy elected and qualified. ANY failure 10
nave nave any such elections at the time fixed
shalI not have the effect OF annulling this
caarter but the then board of directors or
omcers shall hold over until such election
can can De mad: Any vacancy occurring on the
Doard between elections shall be filled for
the remainder Of the term by the remaining
directors. Any director may appoInt' Inv
written proxy any other stakeholder as his
ti4s hs ON said board and exercise, for the
All elections shall be by ballot Each
snare OF stock shall be entitled to one vote
e e. IN person or by proxy, and a major.
ny OF the votes cast shall elect or decide all
natters voted upon; and all meetings OF
stockholders shall be held after five (5l
Gays prior notice in writing, sent TO each
slockholder at his last known address
Inc majority OF the board of directors
shaIl constitute a quorum for the transac-
tlon or all business, and a majority OF All
upon. '0''u
said board Of directors shall have the
rlgnt and power, by unanimous vote TO del
egate SO much Of the corporate powers vest
go IN them as they may deem At. TO the
president, vice-president or the secretary
treasurer or this corporation, and he shall
exercise the same as though each act so
1one was passed by the majority of the
Doard OF directors, and shall be binding on
the corporation. The board Of directors
snall nave full power to discharge all EN-
pIoyees or agents at pleasure, and to fix
tneir compensation and salaries. and gen.
orally TO do all things necessary in the
premises for the transaction Of the business
and AFFAIRS of the corporation.
NO employee shall be considered as en-
Ploved Dy the year. unless so contracted
with In writing. All rights herein granted
may DC exercised. and business conducted
at any place or places that the said com
pany may see At to do without any restric-
tions whatever to states or Countries
ARTICLE vi.