The herald., 1912-04-25

stakeholder shall be entitled, in person or
bv nroxv TO one vote for every share OF
stock owned by him, and that maJ0rily ol
the votes cast at each election shal nn
the board. The directors thus elecleu snai
continue in office for one year, ana uhtt
their successors shall have been duly erect
ed In case OF any failure to hold any eleS ,
tion as above provided, such 1allure snah
not forfeit this charter. but an electloh
shall be held as soon as may be practlcaoie'
after notice as above provided. g.
zach hoard of directors shall, at ITS nrst
meeting after each election, erect Ir9ii US
number a president and a vice-presldent
and shall also elect a secretary, VINO may DE
a member of the board or not, as the uirec-
tors see fit. -, .t
tute a quorum for the transaction or All
business and every vacancy occurring on
said board shall be file by the REMAINING
directors for the unexpired term. 3. NAV
The said board, or such ofhcer as IL may
designate shall have the power 10 TX ana
define the duties of every officer ana EN-,
plOyc, and all officers and employees Small
hold office and employment at the pleasure
of said board. The board of directors may
make and establish, as well as alter and
amend. all bylaws, rules ana regulations
deemed proper in its Judgment Tor inc COLI COLI
duct and management OF the business anu
affairs of said corporation. The bOard OF
directors shall have the right TO borrow ana
lend money, to buy, lease, acquire Improve
and build upon real estate for the business
OF the corporation, and TO do any and all
things reasonable, convenient and necessary
10 carry on the business and manage the
affairs Of said corporation.
ARTICLE VI.
Whenever this corporation may he dis
solved. whether by limitation or otherwise,
its affairs shall he liquidated by three llqul-
dators. to he chosen 10y the stockholders at
a general meeting of the stockholders, con
ycncd for such purpose. of which meeting
notice shall be given in the time and man
ner provided for stockholders meetings IN
Article of this charter, and majority IN
amount of the capital stock OF said c9rpo-
ration represented at such meeting shall be
requisite to elect. Said lquidatOrs shall re-
main in Office until the affairs OF said cor
poration shall have been fully liquidated
In case of death or disability or any one OF
said iquidators. the remaining liquidatorS
shall appoint a successor To such llquldatOr.
| Said liquidatorS shall act either with or
without court proceedings, as they see NJ !,
and are hereby given full power 10 collect
all amounts due the corporation, sell or
otherwise dispose of its assets. pay lis debts
and liabilities, and compromise and settle
| all disputed questions and matters: and
they are also given all other powers neces-
| Sary and usual to fully and finally settle.
wind up and liquidatc all the business and
| affairs of the corporation, and distribute It's
net assets or funds among its stockholders.
ARTICLE VII
This act Of incorporation may be modified,
| changed or altered, from time TO time, or
this corporation may be dissolved, with the
| assent of stockholders owning two-thirds or
all the shares of its capital stock whose own
| ers shall Ice present or represented at gen
eral meeting of the stockholders convened
| for such purpose, after notice shall have
been given, as provided in Article of this
charter
ANY change proposed or made in refer
ence to the capital stock shall he made in
accordance with the laws Of the state OF
Louisiana regulating or providing for such
| change.
| No stakeholder shall ever be held liable
| for the contracts, faults. or debts OF said
| corporation in any further sum than the I'M
paid balance. IL any. due the corporation on
the shares OF stock owned by him nor shall
any mere informality in organization have
| the effect OF rendering this charter null, or
rendering any stakeholder liable beyond the
unpaid amount, IL any, remaining due on
| his stock.
ARTICLE IN.
The first board OF directors of this corpo-
| ration shall consist OF Charles III. Haight,
A. G. Bourdet and Joseph +. Duval, with
| said Charles III. Haight as president and said
| said board shall elect a secretary, and shall
hold Office until the third Monday in May,
| 1913, and until their successors shall have
| been duly elected, and shall have and exer-
i in this charter to the board Of directors OF
this corporation.
ARTICLE Y.
In order that this charter may also serve
as the original subscription list Of the stock
| holders of said corporation, each subscriber
| hereto sets opposite his name the number OF
shares for which he subscribes and the
amount OF his subscription for stock OF
| said corporation, payable in cash.
| a Office
city of New Orleans in the presence of Al
vim Mcclure and AzZo ]. Plough, competent
witnesses, of lawful age, both of this city
who hereunto set their names with said ap
bearers, and me, notary, on the day and
date aforesaid, after due reading Of the
whole.
(Original signed names of subscriber:
omitted. (witnessesl Alvin MCGUIRE, Azzc
]. Plough. HENRY G. MCCALL,
| Notary Public.
/, the undersigned recorder Of mortgages
in and for the parish of Orleans, state OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
American Copyright Company was this day
duly recorded in my office, in book 1855
folio 81.
New Orleans, April 18th. 1912.
(Signed) EMILE LEONARD, by. r
| !, Henry George Mccall notary public il
and for the parish of Orleans, state of Lou
isiana, do hereby certify the above and fore
going 10 De true ana correct copy OF tn'
original act of Incorporation of the Ameri
can Copyright Company, together with thu
certificate Of the recorder of mortgage
thereto appended. the whole on file and o
record in my notarial Office.
In witness whereof, l have hereunto Sc
my hand and affixed my official seal, thi
10Th day Of April. 1912.
(Signed) HENRY G. MCCALL,
| (Sean Not. Pub
apl Is % may 9 16 %