The herald., 1912-08-22

July of each year. The first election under
this charter to be held in the year 1913.
All elections shall be by ballot, at the Of
fee Of the corporation, under the supervision
Of commissioner to be appointed by the
president for each election. All elections
| and meetings of stockholders shall be pre-
| coded by a ten days notice sent by mail by
the secretary to each stakeholder to the ad-
dress left by him with the secretary; each
share Of stock shall be entitled to one vote,
| to be cast In person or by written proxy, and
| a majority of votes cast shall elect. The
board of directors shall have power to fill
| all vacancies occurring in said board. FAIL
| ure TO elect directors on the date above spe-
| Gifted shall not dissolve this corporation,
| but the then existing board and other off,
GERS shall hold Office until the election of
their successors, after notices as above pro-
vided.
At the first meeting after their election,
the said board of directors shall elect from
their number a president, vice-president,
and secretary treasurer, and such other Of
| ficers as said board shall deem necessary.
Said board of directors shall have power
and authority to make and establish as we'll
regulations necessary and proper for the
support and management Of the corporation.
Said board shall also have power and au-
| thority to fix the terms and conditions upon
| corporation and alienated by It; to borrow
money, execute mortgages, issue notes or
other evidence OF debt as they may consider
advantageous. and to designate some officer
ton and act for 1t In selling, buying, mort
gaging. etc, property; to issue stock In pay
ment Of money borrowed, received or pro-
perty, labor or services acquired by said
corporation. At all meetings of said board
a member thereof may be represented by an
other, under a written proxy.
Said board shall have power by vote
representing not less than two-thirds Of the
capital stock then issued to sell, mortgage
(by bond mortgage or otherwise), lease or
pledge any or all of the movable or immov-
A. 49, - hA Oraf Ian n "a
ceive in exchange therefor money, or stock,
or bonds Of other corporations, and to vote
such stock and bonds at any meeting OF
such other corporation, without referring to
the shareholders for authority so to do, and
said board shall have power to designate
and adopt a corporate seal and alter or
change the same at pleasure, and generally
have all powers generally vested In boards
of directors by custom, usage or laws. Un-
til the meeting to be held In July, 1913, IN
der this charter Louis NJ. White, Harmon
pose the first board of directors, with L. NJ.
White as president, Harmon Ward as vice
president, and Frank ]. Nolan as secretary
treasurer.
No stockholder shall ever be liable or re-
sponsible for the contracts, fault, or debts,
nor shall any mere informally In Its organ
ization have the effect of rendering this
to a any liability but the unpaid balance due
on the shares owned or subscribed by him.
ARTICLE VI
Whenever this corporation Is dissolved, Dy
limitation or otherwise, its Affairs shall be
liquidated by three commissioners, consist.
ing of the president, the vice-president and
the secretary-treasurer. who shall hold such
office of commissioners until the fnal liqui-
dalton. In case of death, resignation OF
one or two Of said commissioners, or OF the
inability to serve, the remaining commits
sioners shall serve until the fnal liquidation.
ARTICLE VII.
This corporation may be dissolved, Its
capital stock increased or decreased or this
act of Incorporation amended or altered by
complying with the laws OF the state reia-
tive to same.
Thus done and passed in my Office, at the
city of New Orleans, on the day, month and
year first above written. and in the presence
OF Eugene ID. Saunders and K. Johnson, wit
nesses of lawful age, domiciliated In this
city, and therein residing, who have signed
their names with the said appearers and me,
notary, after reading thereof.
(Signed) Names of signers omitted
Eugene ID. Saunders, X. Johnson.
(signed) FRED. C; MARY: g.,
State Of Louisiana,
Parish of Orleans.
i. the undersigned recorder Of mortgages
In and for the parish Of Orleans. state OF
Louisiana, do hereby certify that the above
Crescent Specially Company, Limited, was
this day duly recorded in my ONCE, In book
New Orleans, July 18th. 1912.
(Signed) EMILE LEONARD
by Recorder.
I hereby certify that the above and fore
going Is a true and correct copy OF the orig |
inaf on file In my ONCE except that the |
names of the signers and the number OF
shares Of stock subscribed has been omitted /
fsigned) FRED. C. M MtH T.,
full IS Is aug 1 IS % 1912