The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-17

the first election to be held In the year 1914.
All such elections shall be by ballot at the
office of the corporation under the supervi-
sion of five (5) commissioners to be APP |
pointed by the board of directors and In
the absence of any commissioner the presi- |
dent shall have power to NIL the place by |
appointment, and of all such elections, as
we'll as of all meetings of stockholders, ex-
cept for the purpose of liquidation or disso- |
luton, or as otherwise required by law, ten
days notice shall be given by mailing to each
stakeholder who appears as such on the
books of the company, at his last designated
address or at the general delivery at New
Orleans, If he has not designated an ad-
dress, an announcement stating the time and
place of the meeting. Each shareholder
shall be entitled to one vote for each share
of stock standing in his name on the books
of the company, cast In person or by proxy
and the majority Of the votes cast shall
elect. The board Of directors shall have
power to fill all vacancies that may occur
on the board. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then in
office shall remain in office until their sue
ceSsors are elected Due notice OF another
| election shall forthwith be given as above
provided. Such notice of election shall be
continued to be given until an election Is
held. majority of the directors shall con-
stitute a quorum for the transaction OF any
business and the board Of directors at their
| first meeting following each annual election
shall elect from their number a president.
vice-president, general manager. sec
| u
i GERS as the board shall deem necessary. The
board shall have the power in It's discretion
i to unite two or more or the above or other
i offices, and the same to confer upon one per-
i son and shall have power to fix the salaries
of all officers, and of such other officers as
they may deem necessary. The board OF d.
rectors shall have power to make and estab-
lish as well as alter and amend all bylaws,
rules and regulations necessary and proper
for the support and management OF the bus
: mess and affairs of said corporation. not
inconsistent with Its charter. Said board
by unanimous vote shall also have full pow.
er and authority to borrow money and
through the president or some other duly
authorized agent or agents to execute mort
cages, issue notes, bonds or other obligations
: In such amount and on such terms as Ia
their judgment may be advantageous, and
r generally TO do all things reasonably neces
0 sary for the proper carrying on Of the bust
. ness of said corporation, as also to issue
] and deliver full paid shares Of stock anC
y bends or obligations OF said corporation, In
d property or rights actually received by saiC
d corporation as heretofore set forth At an!
!; meeting of the board Of directors any direc
b tor absent from the meeting may be repre-
: sented by any other director, who may cas-
s the vote OF said absent director accordin:
to the written directions of said absent di
rector The full board OF directors shall
g have the power, by unanimous vote of tn
d five directors, to sell. lease, mortgage. Oh
d bond, mortgage or otherwise), or to pledg
e any and all OF the property movable an
J. lmmOvaDle belonging TO the corporation o
II to receive In exchange therefor money o
d stocks or bonds or other obligations Of an
r other corporation without referring 10 tn
s, shareholders for the power to do so an
" they may also purchase for stock in thI
ID company or for cash or on credit. propert
er Of any kind acquired for any OF the pul
Dr. poses Of the corporation without authorit
s, Of the shareholders.
r Until the next general meeting to be hel
d. under the charter on the first Monday
Id March, 1914, or until their duly qualfe
r. successors are elected and installed I'll
n board of directors shall be composed I
az Wilton f. Aymar, Henry B. warield. Cla
ne ence L. Foretich, VIM. F. Williams Ormon
d, r. Aymar, with Wilton r. Aymar as pres
ch dent, VIM. F. Williams as vice-president an
rd treasurer, Clarence l.. Foretich, secretar
r. and Henry B. Warfield as general manage
10 all other officers are to be elected by Il
e. board OF directors.
to ARTICLE VI.
ne Whenever this corporation shall be di
MT solved either by limitation or from any 9th
es cause, its affairs shall be liquidated by thr
Ill stockholders to be appointed at a gener
meeting OF stockholders convened for Il
purpose Of liquidation, as hereinafter Or
all vided, each share being entitled to one vo
en- to be cast by the holder, either In person
lis by proxy. Said commissioners shall rema
I'D In office until the affairs of said corpor
lily ton shall have been fully settled and iiql
ar, dated, and they shall have full power al