The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-18

matter and copyrights on books, articles
periodicals, etc; TO furnish, supply and
lease matter and articles for printing, and
matter pertaining To puzzles, enigmas, word
hunting contests, etc. {; to pay prizes in con-
nection with the same to license. others TO
use such matter and articles antNto do all
things necessary for carrying out such OBJ
jects and purposes.
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at the sum of ten thousand
dollars, divided into and represented by one
hundred shares Of the par value Of one hun
dred dollars each. which stock to the
amount of three thousand dollars shall be
issued only for cash. and which, beyond said
amount may be issued, from time to time.
in the discretion Of the board of directors,
for copyrights, copyrighted matter, or other
rights or property. Cash subscriptions shall
be payable at such times and in such
amounts as shall be fixed by the board of
going concern and be entitled to commence
business as soon thirty shares of its capt.
tai stock shall be subscribed for, payable in
cash. 81
ARTICLE V.
All Of the corporate powers OF said cor
poration shall be vested In and exercised by
a board of directors, composed of three
stockholders, TO be elected annually by the
stockholders by ballot, on the third Monday
of May Of each year, the first election to be
in 1913. Notice of each election shall be
given by the secretary of said corporation
to each stakeholder, addressed to him at his
residence as shown on the books of the cor
poration, which notice shall be mailed not
more than fifteen nor less than ten days
prior to such election.
All elections shall be held under such
rules and regulations as may be fixed by
the board of directors; provided that each
stakeholder shall be entitled, in person or
by proxy. TO one vote for every share Of
stock owned by him, and that a majority Of
the votes cast at each election shall elect
the board. The directors thus elected shall
their SUCCESSORS shall have been duly elect
ed. In case of any failure TO hold any cleo
ton, as above provided. such failure shall
not forfeit this charter; but an election
shall be held as soon as may be practicable
after notice as above provided.
Each board of directors shall, at its first
meeting after each election, elect from its
number a president and a vice-president !:
and shall also elect a secretary, who may be
a member of the board or not as the direc-
tors see fit.
A majority Of the directors shall consti-
tute quorum for the transaction Of all
business; and every vacancy occurring on
said board shall be filled by the remaining
directors for the unexpired term.
The said board. or such officer as IL may
designate, shall have the power TO fix and
define the duties of every officer and en-
ploye, and all officers and employees shall
hold Office and employment at the pleasure
OF said board. The board of directors may
make and establish. as well as alter and
amend all bylaws, rules and regulations
deemed proper in its judgment for the con-
duct and management of the business and
AFFAIRS of said corporation. The board of
directors shall have the right to borrow and
lend money, to buy, lease, acquire, improve
and build upon real estate for the business
OF the corporation, and TO do any and all
things reasonable, convenient and necessary
TO carry on the business and manage the
affairs OF said corporation.
ARTICLE VI.
Whenever this corporation may be dis
solved, whether by limitation or otherwise
its affairs shall be liquidated by three lidui-
datOrs TO be chosen by the stockholders at
a general meeting of the stockholders. con-
vened for such purpose, of which meeting
notice shall be given in the time and man
ner provided for stockholders meetings in
Article of this charter and a majority in
amount OF the capital stock of said corpo-
ration represented at such meeting shall be
Nfcft 20 -. al. CT l..