The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-12

ARTICLE III.
The capital stock Of this corporation Is
hereby fixed at the sum OF one hundred
thousand dollars (s100,0OO), divided into or
represented by two thousand shares l200O),
Of the par value of fifty dollars ($5OOOl
each, which shares shall be paid for In cash |
at such times and in such amounts as the |
board of directors may determine; or the |
said stock may be issued at not less than
par In payment OF property actually receiv-
labor done or services rendered, or money |
actually received. Said company may COM |
mence doing business as soon as three thou
sand dollars (S3,OOO.OOl OF the capital STOCK
shall have-been subscribed.
Certificates Of stock fully paid and nom
assessable shall be issued to each subscriber
to the amount EPR Par y MN ~ THEREFOR
All the corporate powers of this corpora |
tion shall be vested in and the business
hereof shall be managed by board OF dl- |
rectors composed Of seven ca stockholders,
majority OF whom shall form quorum 10
transact business. ,
The following named persons shall constl,
tute the first board of directors, who shall!
hold their offices until the third Monday OF
May in the year 1913, OF until their success
sors shall have been elected and quallned,
to-wit: w. X. NJ. Dukate, Peter Yurgensen'
l.. n. Dantzler, Z. c. TonZmeire. ID. J. Gay,
]. A. bowling, ]. c. Clover and +. Il. Prln-
gle, Of whom L. y, Dantzler shall De preSI-
| dent; W. X. NJ. Dukate, vice-president; +.
E. Pringle, treasurer, and E. c. Tonzmeire,
secretary. That said officers shall serve IN
| til their successors shall have been elected.
On the third Monday Of Nm May a ascS y anq
thereafter, an election Of board OF directors
shall be held by ballot at the once OF tne
corporation In the city OF New orieanS1,
| a. m and three O'Clock p. m, of which SAID
election at least five (5) days previous no
| tice shall be given by mail, addressed 70
each stakeholder at his last known place OF
residence of record on the books OF the COM
pany. ,.u 10
entitled at all elections either IN person noc On
| by written proxy to vote one vote Tor eacn
and every share Of stock which he may
hold -, h
hereafter elected, as above provided; snaii
| elect from their own number president,
yice-president and a secretary and treas,
urer Any vacancy occurring on the poara
| of directors shall be filled by the remaining
directors for the unexplred term.
| ARTICLE V.
This act Of Incorporation may be changed
or altered or this corporation may De dls,
solved with the consent of three-fourths OF
the stockholders present or represenIeu a.
general meeting of stockholders conVeneu
for that purpose, OF whicn saiu rntgce shall
have been given, by mail, addressed 10 eacn
stockholder at his last known place OF resi-
dence. ,o,y,
No stakeholder of this corporation snaIi
ever be held liable for any or the deDts, con-
tracts, faults or obligations OF THIS corporai,
ton in any further sum. than the unpaid
balance IL any, due to the corporation on
the shares of stock owned by them; nor
shall any informality Of the organization OF
this company render TINS TO any liability
wha ever beyond the amount OF his STOCK
remaining due Nor shall failure at any
time tc hold meetings, to elect om cer +S he
forfeiture of this charter, or dlssoiVe Tue
corporation, but the existing board OF direS-
tors shall remain In force until their suceeS-
sors be elected and qualify;
ARTICLE VII.
Whenever this corporation IS dlssoIveu
either by limitation or from any ~, Ot ne
lor more commissioners to be elected from
lamongst the stockholders Of the corporation
lat a general meeting OF the stockholners'
convened In accordance WIN nsn AseG and
voting at said meeting shall be requisite 70
elect. The majority of the stock represent,
ed and voting at said meeting shaI I latv
the right to fix and define the powers, outy
and compensation Of said commissioners, anu
the security, II any, to be furnlshea tn haIi
lSaid commissioner or commissioners snai,
remain in ONCE until the affairs OF the SAID
lcornoration shall have been fully liquldated
land the assets distributed. In case or ueatn,
resignation or inability to act OF one OF
more Of the said commissioners tHe su somo
Tors shall continue to act with the same
power and shall be authorized to continue
and complete the llIu I. IhI1
| ARTICLE Viii.
No sale of any of the stock OF TINS corpo-
ration shall be recognized until the same
shall have been transferred on the BOOKS OF
this corporation in the name OF the purchas,
or and In no case shall less than one full
: share be transferred.
ARTICLE TX.
. The persons whose names are hereuhto
subscribed are hereby declared to De tne IN
corporators of this corporation ana nave
\ respectively written opposite their names
\ the amount of stock subscribed by each one
y Thus done and passed in my notarial OF.
y fee in the city of New Orleans, parish OF
y Orleans. state Of Louisiana, In the presence
\ Of Adrian VI. Font and Fred c. Querens'
q competent witnesses OF lawful age Doll re y,
N siding In the city of New Orleans, state OF
N Tonisiana. who have hereunto signed their
q names together with the said appearers and
N me notary after due reading OF the wnolei
4 on the day, month and year hereinabove
toriginal signed) ID. ]. Gay, two shares
n per E. c. Tonsmeire, attorney; Ia n. Dantz
Ter, two shares, per E. z. Tonsmeire; a Toos
n new: j. c. Clover, one share, per +. Z: TonS
n metre, attorney. Adrian M. Font, FREQ Z
Ouerens. PHILIP GENsLER, JR,
Notary Public.
MI 7. the undersigned, recorder Of mortgages
n in and for the parish Of Orleans, state OF
n | louisiana do hereby certify that the above
y and foregoing act OF incorporation OF t ths
v day duly recorded in my office In book 1855
New orleans. July 18th, 1912
q (Signed) EMILE LEONARD, ID. X.
PHILIP GENsLER, JR.,
july IS aug 1 8 is % 20