The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-27

exist and continue for the period of ninety
nine years from the date hereof the presi-
dent, or In his absence, the vice-president,
shall be the proper person upon whom cita-
ton or other legal process shall be served
ARTICLE TWO.
The objects and purposes for which this
the business to be carried on by II, are here
by declared to be, to manufacture, buy and
sell wooden boxes and crates, to dress and
any and every act or acts, thing or things,
incidental to or growing out Of or connected
with the said business.
ARTICLE THREE.
The capital stock of this corporation Is
hereby fixed at the sum Of twenty-five thou
sand (S25,OOO;00) dollars, divided into two
Randred and nifty shares Of the
which said stock shall be paid for In cash
at such times and In such portions thereof
as the board of directors may require, or
the same may be issued fully paid and nom
assessable, at not less than par, In payment
or exchange for property or rights actually
received or purchased by said corporation,
money advanced, or for such other valuable
consideration or for services rendered, as
the board OF directors may determine. This
Corporation tS, snail become going concern az
Of Its capital stock shall have been sub
scribed.
ARTICLE -FOUR.
All the corporate powers Of this corpora-
ton shall be exercised in and the business
thereof shall be managed by a board OF di.
rectors composed Of five stockholders, a ma
lority OF whom shall form a quorum to
The following named persons shall con:
hold their office until the 18th day Of May
In the year 1913, or until their successors
shall have been elected and qualified, to-
wit 8. III. Hasam. August Stef, J. r. Behr-
ems, r.: ]. Seghers and Bryan Black.
1918, and on the 18th day Of May n A each Si
year thereafter, an election Of directors shall
be had by ballot at the office Of the corpora
ton In the city Of New Orleans, between the
hours OF ten O'Clock a. m. and two O'Clock
p. m, OF which said election at least ten
days previous notice shall be given by mall
ing notices of said meeting to all stockhold-
residence.
Each and every holder Of stock shall be
entitled at all elections either In person or
share of stock which they may hold a ma
elect.
The board Of directors named in this char
ter, and each board which may be hereafter
elected as above provided shall elect from
their own number president, vice-presi-
dent, and secretary.treasurer. Any men,
Der Of the board of directors Of this corpo-
ration shall have the right to appoint any
stockholder to act for and represent him at
all meetings Of the said board Of directors
and shall be entered on the minutes Of the
corporation and shall continue In force and
effect until revoked by a similar instrument
In writing addressed to the secretary-treas-
urer OF the corporation. The stockholder
holding such power Of attorney from any d.
rector shall. until the power Is revoked as
above provided, be entitled to exercise and
enjoy at all meetings Of the board Of direc-
tors the same privileges as though he had
been duly elected as a director Any va
cancy occurring IN the board of directors
shall be filled by the remaining directors for
the unexpired term.
ARTICLE FIVE
This act OF Incorporation may be changed
or altered, or this corporation may be dis
solved. with the consent of the stockholders
owning three fourths of the stock of the cor
poration represented at a general meeting
convened for that purpose, Of which said
meeting at least ten days written notice
snail have been given by mail addressed to
each stockholder Of record at his last known
place of residence.
ARTICLE SIX.
No stakeholder Of this corporation shall
ever be held liable for any of the debts
contracts, faults or obligations of this cor
poration In any further sum than the un-
paid balance, II any, due to the corporation
on the shares OF stock owned by them nor
shall any informality In the Organization of
this company render this charter void, or
expose any stakeholder to any liability be-
yond the amount remaining due on his
stock. Nor shall q failure at any time to
hold meetings. to elect directors or ofncers,