The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-18
ARTICLE V.

The officers OF this corporation shall con
slst or president. a vice-president and q
secretary treasurer. holders OF stock. all OF
whom together with three other stockbold
ers shall constitute the board Of directors
Al tne corporate powers OF this corpora.
tlon shall be vested in and exercised nv the
sald board OF directors. any four OF whom
shall constitute a quorum for the TRANSACTION
OF business. The members OF the hoard al
directors may act in person or by proxy in
writing attested by two witnesses The nre.
sIdIng onncer acting at anv stockholders
meeting. or at any meeting Of the board ot
directors shall be entitled TO vote hut in no
case or tie vote shall such presiding officer
ne entitled TO cast the deciding vote: ii be.
ing the understa nding that in case the mem.
bers or the board OF directors or the stock.
holders in meeting assembled. be equally di.
vlded on any matter, that no action be taken
on such matter.
The first board of directors shall consis,
OF Of mares v Frey. president: Edward James
Enflght, vlce-president John Woods En-.
right. secretary-treasurer, and three Other
holders OF stock, all Of whom shall serve
until their successors are duly elected and
dnaIihed: This and succeeding boards OF
directors snaI nave the power to fill yacan.
eles caused by withdrawal In their number
put IN case OF the death OF any member OF
me board OF directors. his legal representa-.
i've i've snail act In his place and stead during
the unexpired term for which said deceased
director was elected.
Inc board OF directors shall be elected
annually hereafter at the domiciIe NJ tbis
corporation after ten days notice in writing
mailed TO the last known address of the hold
ers OF stock on the first Monday of March
or as soon thereafter as possible at a meet
ing or the holders Of stock convened for tina,
purpose. The failure 10 hold said stock.
holders meeting on said date shall not fer
telt me charter OF the corporation but Ehe
BOARD or directors shall remain in ONCE nm
I'll their successors are duly elected and
quallhed. All contracts involving an amount
exceeding one hundred dollars $500 OOl
snail be subject to the action of the hoa I'd
OF directors. and the president or oficer act
ing IN such capacity shall not have tht
power TO sign contracts exceeding this
amount except by and with the authority OF
the board OF directors. said authority 10 be
expressed In the form Of a resolution o,
motion passed by vote Of the directors.
Each snare OF stock in this corporation
snail ne entitled to one vote at all STOCK
holders meeting, to be cast nv the Stool
holder in person or by proxy. Two-tbirds
OF the stock shall be necessary as a Quorum
TOT the transaction Of business at all STOCK
holders meetings
The majority OF the stock present or rem
resented by proxy shall be necessary for tbs
passage OF any motion or resolution at Suct
stockholders meeting.
The annual meeting for the election ot
the board OF directors shall be preceded b,
ten days notice mailed TO each stool
holder at his last known address: a sprcia
meeting or the stockholders NAV be called az
any time by the president or when reonest
ed BY the holders Of two shares of the stock
OF this corporation, the object of said meet
Ing to be stated in writing as provided for
other meetings.