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

real or personal property and 10 take mort
| cages or assignments Of mortgages or other
security on the same and to buy, sell and
| deal in bonds and loans secured by mort
| cages and other liens on real property; 10
| exchange its entire assets in business IN
| whole or in part, for money or stocks or
| bonds or other obligations Of other com
| panicS and in general to engage in any and
| all business of any nature whatsoever not
! prohibited by law.
| ARTICLE ".
The capital stock OF said corporation is
| hereby fixed at $4,000, divided into so
| shares Of par value of 500 each.
ARTICLE V.
| All the corporate powers now or hereafter
| by law vested in this corporation shall be
vested in and exercised by Board of Direc-
| tors composed of not less than three nor
| more than seven stockholders, who shall be
| elected at a meeting Of the corporation 10
| be held on the first Wednesday OF April in
| each year A majority OF the directors
| shall constitute a quorum. .
The Board Of Directors shall fill any va
CancieS among their number or in any other
| office arising through death, resignation,
disqualification or other cause, for the I'M
| expired term thereof, the remaining dlrec-
| tors being hereby vested with full power
| to fill such vacancy by any affirmative vote
| of "A ma iority of the remaining directors.
The Board of Directors shall elect from
among their number Immediately after the
election OF the Board or as soon thereafter
| as may be possible a President, one or more
| Nice-preSidcnts and Treasurer. Any two
| of such officers may be held by the same
| person. The Board of Directors shall ap-
| point a Secretary and may also appoint one
| or more Assistant TreaSurers and one or
more Assistant Secretaries.
For the time being and until the stock
| holders OF this corporation shall convene in
general meeting on the first Wednesday OF
| APRIL 1918, the Board of Directors shall
consist of l.. Carroll Root, 5. Emanuel and
| VI. Lewis, with l.. Carroll Root as President,
| = Emanuel as VicePresident and Treasurer.
| An increase or decrease in the number OF
| Directors herein appointed or hereafter
| elected shall be in the discretion of the
Board Of Directors within the limit herein
fixed.
ARTICLE VI
i Section 1. All elections of Directors by
the stockholders shall be by ballot and shall
he conducted under the supervision of three
commissioners elected by the Board of hi
rectors for that purpose, who shall receive
all votes of stockholders authorized TO vote
in person or by written proxy at such meet
ing, and shall forthwith certify the result
of such election to the Board of Directors
The Board Of Directors shall fix the hour
place and manner of conducting such cleo
ton.
Section . Notice of such election, a:
also notices of general meetings of the
stockholders for any purpose Except "a
otherwise provided by law, and then IL
accordance with law shall be given by tn,
7 Secretary Of the Company by mailing Il
each stakeholder of record, at his las
known post Office address, notice in writ
ing at least ten days prior to the dat
fixed for such meeting.
Section 5. At all such elections and a
all general meetings Of the stockholders
every stakeholder of record shall he en-
titled to one vote for each share of stocl
standing in his name on the books Of th'
company TO be sent cast in person or by
his written proxy, and, except as otherwise
provided by law, and then in accordance
" ARTICLE VII.
The capital stock of this corporation may
be increased or reduced, and this charter
may be amended, altered or modified at an!
time, in accordance with the laws OF I'M
State OF Louisiana, at that time being II
force, and this corporation may be dlSSolv
| ed by a vote OF twO-thirds OF the whoi'
capital stock, at a meeting called for tina
purpose.
No stakeholder of this corporation shall
ever be held liable for any of the debts
) contracts, defaults or obligations OF tht
unpaid balance, IL any, due to the corpora
ton on the shares of stock owned by him
nor shall any informality in the organiza
ton of this company render this charte
void or expose any stakeholder to any liabil
lty whatever beyond the unpaid amount re
naming due on his stock. Nor shall
failure at any time to hold meetings o
elect directors or officers as herein provides
for, work the forfeiture of this charter o
dissolve the corporation, but the existing
Board OF Directors and officers shall con
, | tinue in office until their successors shal
be elected and qualified.
ARTICLE IN
| Urbo,avor this cornorstion Is dissolved
either by limitation or from any other cause
its affairs shall be hquidated by one or NOR
| commissioners to be appointed from amongS
the stockholders at the same meeting, or a
any adjournment thereof, at which such dis
solution may be decided upon, or at meet
ing called for that purpose, or which NEE
ing notice shall be given as required o
| Article vi, Section hereof, and maJorlt
| in amount of the capital stock of the cor
poration represented and voting at sue
; meeting shall be requisite to elect such com
missioners The majority OF the stock re
presented and voting at said meeting shal
ri have the right 10 fix and define the powers
q duties and compensation OF said commls
! sioners and the security, IL any, to be furn
q ished by them. Said commissioners shal
| remain in office until the affairs of sal
r corporation shall have been fully liquidate
: and its assets distributed In case OF tn
Z death, resignation, refusal or inability Z
i act OF one or more Of said commissioners
A the survivors or survivor shall continue Z
: act with the same powers and shsil be au
= thOrized to continue and complete the llqui
d dalton.
ell ARTICLE y.
II The persons whose names are hereunt
! subscribed are hereby declared to be the In
Al corporators Of this corporation, and nav
| respectively written opposite their name
I'll the amount of stock subscribed to by eac
\ of them so that this act of incorporation
: may also serve as the original subscription
. list to the capital stock of this corporation
AL THUS DONE AND PASSED in my nOtal
: ial Office in the City of New Orleans, Paris
. of Orleans State of Louisiana, in the pres
ence of Z. L. Szabary, and G. w. Schweitzel
| competent witnesses of lawful age, Dotn re
siding In said City of New Orleans and Stat
s OF Louisiana, who have hereunto slgne
, their names. together with the said al
; bearers and me. notary, on the day, mont
: and year aforesaid, after due reading Of tn
4 whole.
nI Original Signed)
r l.. CARROLL ROOT, % Shares
81 = EMANUEL, l Share.
al VI. LEWIS, l Share.
: +. l.. SZABARY.
: GEO. W. SCHWEITZER.
ALEXIS BRIAN,
oil Notary Public
N I Emilia a0napd Denuty Recorder of Nor