The herald., 1912-10-10

the first election 20 te held in the year 1914
All such elections shall - By ballot 81 the
Office OF the corporation under the Supery!-
sion % i've t5i commissioners 70 De ap-
pointed by the board OF directors and IN
the absence OF any commissioner the p-eSi-
dent shall have power 10 al the place BY
a appointment. and Of all such elections, as
well as OF all meetings Of stockholders. eX-
cept for the purpose o, liquidation or DISC
luton. or as otherwise required BY law. ten
days notice shall BE given by mailing 10 each
stakeholder who appears as such on the
books Of the company. at bis last designated
address or 81 the general delivery az New
Orleans II he has not designated an ad-
dress. an announcement stating the time and
place Of the meeting Each Shareholder
shall De entitled 70 one vote for each share
Of stock standing in his name on the books
and the majority OF the votes cast shall
elect. The board Of directors shall have
power 10 I'll all vscsn cies that NAV occur
on the board Failure 10 elect directors on
the day above specified shall not dissolve
the corporation. but the directors then IN
ONCE shall remain in ofice until their s1c-
cesSors are elected Due notice Of another
election shall forthwith be given as above
continued 20 be given until an election Is
held majority OF the directors shall con-
stiJute quorum for the transaction OF any
business and the board OF directors al their
first meeting following each annual election
shall elect from their number a president.
vice-p7esdent. general manager. a sec
ErtAEN ana treasurer. ana SAcl ULGer on
GERS as the board shall deem necessary. The
board shall have the power in its discretion
10 unite two or more of the above or other
o1hces, and the same 20 confer upon one per-
Of all officers. and of such other officers as
they may deem Necessary. The board OF di-
rectOrs shall have power 20 make and esrab-
lish as well as alter and amend all bylaws.
rules and regulations necessary and proper
Tor the support and management OF the bus
mess and affairs of said corporation. not
/ inconsistent with its charter. said board
hy unanimous vote shall also have full pow
er and authority 10 borrow money and
through the president or some other duly
authorized agent or agents 10 execute mort
cages issue notes bonds or other Obligations
! in such amount and on sach terms as IN
their judgment may BE advanrs Zeous. and
generally 20 do all things reasonably neCeS-
/ sSry for the proper carrying on OF the bust
ness OF said corporation. as also 20 issue
snd deliver full paid shares OF stock and
bends or obligations Of said corporation. IN
payment OF money borrowed labor services.
: property or rights actually received by said
| meeting Of the board OF directors any dire-c-
tor absent from the meeting may Be repre-
sented by any other director. who NAV cast
the vote OF said absent director ACCORDING
/ 10 the written directions OF said absent d.
| rector. The full board OF directors shsI
have the power, BY unanimous vote Of THE
I'VE direetors- TO sell; lease. mortgage. lby
bond. mortgage Or otherwise, or 10 pledge
any and all Of the property movable and
] immovable. belonging 20 the corporation or
\ 10 receive in exchange therefor money or
stocks or bonds or otherj obligations OF any
| other corporation without referring 10 the
/ shareholders for the power 20 do 50 and
I they nay also purchase for stock in this
4 company or for cash or on credit property
/ Of any kind acquired FOR any Of the pur-
I poses OF the corporation without authority
u OF the shareholders
] Until the next general meeting 20 - held
Il under the charter on the drSr Mondzv OF
i March, 1914. or until their duly cnaiifei
/ SUCCESSORS are elected and installed the
/ hard Of directors shall D. composed Of
I Wilton z. Aymar. Henry b warheld Clar-
4 voce l. Foretich. Wm. T. Williams. Ormoni
i r Aymar, with Wilton z. AyTnar as presi-
I dent. VIM F. Williams as vice-preSident and
i treasurer. Clarence L. F6retich. secretary
! and Henry p. warfeld as general MANAGE
all other officers are 10 Be elected By the
/ board Of directors.
i ARTICLE VI
i Whenever this corporation shall BE- dis
Il solved either BY limitation or from any other
i cause. rs Affairs shall Be liQuidated bv three
stockholders TO Be appointed al a general
meeting OF stockholders convened for th4
purpose OF liquidation. as hereinafter pro
yided- each share being entitled 10 one vote
to Be cast BY the holder either in person OF
by proxy. Said commissioners shall remain
In once until the affairs Of said corpora
ton shall have been fully settled and iidui
i dated and they shall have full power and