The herald., 1912-09-05

I taxing or enterprise connected with, grow
Ing out Of or Incidental to, any of the OBJ
Jects or purposes hereinabove set forth.
ARTICLE III.
The capital stock Of this corporation Is
hereby fixed at the sum Of one hundred
| thousand dollars (S10O,O0O), divided into OF
represented by two thousand shares $4,000,
OF the par value Of fifty dollars (S500O)
each, which shares shall be paid for in cash
at such times and in such amounts as the
board or directors may determine; or the
said stock may be issued at not less than
par In payment Of property actually receiv-
ed or purchased by said corporation, or for
labor done or services rendered, or money
actually received. Said company may COM
mence doing business as soon as three thou
sand dollars (S3, 000.00) of the capital stock
| shall have been subscribed.
Certificates Of stock fully paid and non
assessable shall be issued to each subscriber
to the amount paid by him therefor.
ARTICLE ".
All the corporate powers of this corpora
hereof shall be managed by a board Of di-
rectors composed OF seven 90 stockholders,
majority of whom shall form quorum to
transact business.
tute the first board OF directors, who shall
hold their offices until the third Monday of
May In the year 1913, or until their success
sors shall have been elected and qualified,
to-wit: W. X. NJ. Dukate, Peter Yurgensen,
l.. n. DantZler, L. c. TonZmeire, d. J. Gay,
J. A. Bowling, J. c. Clover and f. z. Prin-
gle, of whom L. y. DantZler shall be presi-
dent; W. X. NJ. Dukate, vice-president; F.
T.. Pringle, treasurer, and f. c. TonZmelre,
secretary. That said officers shall serve I'M
til their successors shall have been elected.
On the third Monday of May, 1913, and
on the third Monday Of May in each year
thereafter, an election of board Of directors
shsll be held by ballot at the office of the
corporation in the city Of New Orleans,
Louisiana, between the hours of ten O'Clock
a. m. and three o'clock p. m, of which said
election at least five (5) days previous no
tice shall be given by mail, addressed TO
each stakeholder at his last known place OF
residence of record on the books of the COM
pany.
And each and every stockholder shall be
entitled at all elections either in person or
by written proxy to vote one vote for each
and every share of stock which he may
hold.
Each board OF directors which may be
hereafter elected, as above provided. shall
elect from their own number president, a
vice-president, and secretary ana a treas treas
urer. Any vacancy occurring on the board
of directors shall be filed by the remaining
directors for the unexpired term.
ARTICLE V.
This act Of incorporation may be changed
or altered, or this corporation may be dis.
solved, with the consent of three-fourths or
the stockholders present or represented at a
general meeting of stockholders convened
for that purpose, of which said meeting az
least ten (1O) days written notice shall
have been given, by mall, addressed to eacn
stockhoder at his last known place of resi-
dence.
No stakeholder of this corporation shall
ever be held liable for any of the debts, con-
tracts, faults or obligations OF this corpora,
ton in any further sum than the UNPAID
balance, IL any, due to the corporation on
the shares of stock owned by them; nor
shall any informality Of the organization OF
this company render this charter VOID, OF
expose any stakeholder to any Liability
hn STOCK
remaining due. Nor shall failure at any
time &c hold meetings, TO elect officers or
directors, as herein provided for, work the
forfeiture Of this charter, or dissolve tne
tors shall remain in force until their success
sors be elected and qualify.
ARTICLE VII.
Whenever this corporation Is dissolved,
either by limitation or from any other
cause its affairs shall be liquidated by one
or more commissioners to be elected from
amongst the stockholders OF the corporation
at a general meeting or the stocknoiders,
convened in accordance with Article Five,
and a majority OF the stock represented and
voting at said meeting shall be requisite 70
elect. The majority of the stock represent
ed and voting at said meeting shall have
the right to fix and define the powers, duty
and compensation OF said commissioners, and
the security, II any, to be furnished them,
Said commissioner or commissioners shali
remain in office until the affairs Of the said
corporation shall have been fully liquldated
and the assets distributed. In case Of death,
resgnat ton or inability 70 act or one or
more OF the said commissioners, the survlv-
ors shall continue to act with the same
power and shall be authorized TO continue
and complete the liquidation.
ARTICLE VIII.
No sale of any of the stock of this corpo-
ration shall be recognized until the same
shall have been transferred on the DOCKS OF
this CORPORATION in the name Of the purchas-
er and in no case shall less than one full
share be transferred
ARTICLE TX.
The persons whose names are hereunto
subscribed are hereby declared to be the In
corporators Of this corporation and nave
the amount of stock subscribed by each one
Of them.
Thus done and passed in my notarial Of.
fee In the city of New Orleans, parish or
Orleans, state of Louisiana, In the presence
of Adrian NJ. Font and Fred c. Querens,
competent witnesses of lawful age, both re-
siding In the city Of New Orleans, state OF
Louisiana, who have hereunto signed their
names together with the said appearers ana
me- notary, after due reading of the whole,
on the day, month and year hereinabove
torigInal signed) d. ]. Cay two shares,
Ter, two shares, per e. c. Tonsmeire. attor-
new ]. C. Clover, one share, per Z. c. Tons
metre, attorney. Adrian NJ. Font, Fred C..
Querens. PHILIP GENsLER' JR.;
/, the undersigned, recorder of mortgages.
In and for the parish of Orleans, state Of
Louisiana, do hereby certify that the above
and foregoing act OF Incorporation OF IN, the
day duly recorded in my office In book 1888,
New orleans, July 18th, 1912.
(Signed) EMILE LEONARD, d. r.
PHILIP GENsLER, JR.;
(SeaD Notary Public.