The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-07
ARTICLE V.

l.,
that this act Of Incorporation shall Serv
aN an original subscription
ARTICLE V.
The business and affairs Of this CORPORA
| ton shall be conducted bv and all c1rDo
rate powers shall be lodged in. a board o
! directors, Ia be composed Of not less thai
| three or more than five stockholders whicl
said board Of directors shall be elected pacl
year at the annual meeting Of the stock
The first board of directors. who shal
! have tenure Of office from the organization
OF the corporation, shall consist of John 4
hruse, :. l.. Coleman and W. L. Langworthy
| and these directors shall hold office unit
| The third Monday in February, IJl3. or un
| I'll their successors shall have been selected
| and indicted into office
| The said board of directors shall hay,
power to make all rules and regulations IN,
the government and mana cement Of this cor
lnratlon: IL shall he the full power and an
thoFlty IN the mana cement and control OF
the affairs Of the corporation. with power Il
delegate such Of its power and authority In
the mana cement and control OF the cuisines,
ana analrS of the corporation 10 any officer
81 the corporation as il sees lit II shall
have the power 10 fill any vacancy occurring
| IN lis number. II shall have power and au
! thorlty 10 employ and dismiss employees
\ majority of the board Of directors voting
AT any one time in person or by proxy shall
De- required Ia pass any resolution or adoDI
any bylaw, and when so adopted said reSo
luton or bylaw shall become valid corpo.
rate acts.
Upon the third Monday in February. 1913
and on the same day of each succeeding
year, except when such day NAV be a LEGAL
holiday and then upon the next following
lay day. the stockholders shall elect a bna ri
Of directors 10 serve for the ensuing vna ?
from It's election or until a succeeding boa r,i
OF directors shall have been elected and ouaI.
med: the board OF directors designated by
Ihls act TO hold office until the third Mon
DAY IN February, 1913, or until their sue.
ceSSofS shall have been elected and qualified
The board of directors so elected shall
eject from their number the officers Of the
corporation. who shall be president a vice
president and secretary-tr ea surer no per
son 10 hold more than one of the above OF
fees at the same time, the office of secretary
treasurer being one office
Inc election or directors shall be by ballot
ana the person receiving the highest number
OF votes shall be elected. For electing di-
rectOrS or voting on any other matter zach
share OF stock. whether present or reDrpsent-
ed by proxy shall be entitled 10 one vote
ana a majority of the votes cast shall be
required to pass any resolution or decide
any question submitted 10 the stockholders.
except for the alteration of amendment of
thlS charter OF the dissolution Of the cor
poration as hereinafter provided.
The nrSt officers OF the corporation are
hereby declared to be: John A Kruse. pres
iuent; ;. L. Coleman. vice-president: VI l..
IahgWOrthy, secretary-treasurer and these
onlcerS snail exercise all the powers and
Offices until their successors are elected and
qualified. ""''
ARTICLE VI.
Notices Of all meetings of stockholders
Tor electing directors or any other purpose
except as hereinafter provided shall be
given in writing by the secretary asurer
10 NE deposited in the mail at least ten DAYS
before such meeting, directed to each stock
nolaer az, MS last known address appearing
ff.N,, =
notice may be waived by the consent in
writing or all stockholders appearing as such
on the books Of the corporation.
ARTICLE VII.
This act Of Incorporation may be modified
added to, changed or amended, or this cor,
poration may be dissolved by and with the
assent of the holders Of three fourths in
amount of the outstanding stock given at
general meeting Of the stockholders to be
CGnvened atter ten days prior notice, TO be
given in one of the daily newspapers pub
lished in the city of New Orleans in addi-
tlon TO the personal notice to each stock
holder as provided In Article VI of this
G s, re ana such changes as may be made
IA reference to an increase or decrease of
the capital stock shall be preceded by such
by law.
In the event of the dissolution Of tho said
corporation. either by Limitation OF its char
ter or otherwise. its affairs shall be liouida
ed by three 81 commissioners 70 ba an
pointed and elected at a special meeting
called Tor tnat purpose as above provided
ana who shall remain in Office until the az
falrS OF said corporation shall be fully H.
quldated; and in case of the death OF one
or more OF said liquidators the survivor or
survivors shall continue 10 act. ~
ARTICLE VIII.
No stakeholder shall be held liable or re-
Sp0nsible for the contracts or faults of this
corporation. in any further sum than tho
unpaid balance due by him to the corpora
tlon on the shares owned by him nor shall
any mere infOrmality in organization have
me erect OF rendering this charter null or
of exposing the stockholder 10 liability ha
y0nd the amount of his unpaid stock III anv
, IhuS done and passed. at my office in the
CITY or New Orleans. on the day. month and
year hrst herein written, in the presence of
Messrs. Jas. E. OHern and r. p. Wood
Iord, competent witnesses. who hereunto
sign their names together with the said an,
pearers and me. notary. after due reading
OF the whole Of these presents.
torlglnal signed) John A. Kruse, $40
worthy, 165 shares: Chas. W. Snider. /
snare: John F. Long. l share Witness
esq r.. p, Woodford. Jas f. O'Hern.
LEWIS II. GRAM. Not. Pub.
Recorded In VI. o. b. 1851. folio =.
|. the undersigned recorder of mort1apas
IN and for the parish OF Orleans state of
louisiana. do hereby certify that the above
ana foregoing act of Incorporation of The
John \. Kruse Engineering Company was
this day recorded in my Office. in book 1O5i
folio = N S''n A''A'
New Orleans. February 81. 1912.
CSigned) EMrEE LEONARD, D. r.
true copy.
LEWIS r. GRAM. Not puh
feb % mch IA 81 % apl 10 "''