The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-28

Su'H EToSs TIES OF IN any such eQuiDmen, =.
manufactured products. and any rfieia.
ceSSOry thereto; in the State Of Jonis.sNs
and other States ana the territories ~ ~
United States, and In foreign connt-as
It's Board OF Directors NAV from ti,s =
time determine; and 10 purchase 60
| and own any and all rights. patents Ia
or franchises for and on auy or an -
concrete cross ties or other rquipments a. :.
ceSSoricS as may be necessary or ady,SsS
In the United States and in foreign can,
tries. ''A
ARTIvLE ".
The authorized capital stock OF INF, -,
pOratiOn is hereby liked at Two Hnns...
and Fifty Thousand (S2JO. OOO) Dollars A
lded into and represented by Twent,s,
Hundred (2,J00D shares Of the mar vsiy,a " !,
One Hundred $1,000 Dollars each VITA
said shares may be paid for In mopey
services duly rendered to the cOrnorstis,, .
IN property regularly transferred to the IA,
pOratiOn as the Board Of Directors NAV A
termine, and shall be fully maid and ns-
aSseSsable before being issued. and shaII 4
evidenced by certificates which SHAH 4
transferable only on the books Of the Co-
pany. This corporation shall become a.
he going concern and begin business vb,,
One Hundred and Fifty Thousand (sI50OOcI
Dollars OF its capital stock shall have b.,
subscribed.
ARTICLEv.
The corporate powers Of this corporsti.,
shall be vested In and exercised by a Boa,i
or Five (J) Directors selected from anon,
the stockholders OF the corporation and
majority Of said Board shall constitute
quorum for the transaction OF business n,
Board or Directors shall have power b
make, amend and abrogate all bylaws, ruls
ana regulations for the management az n,
affairs OF the corporation to purchase. sl
lease. mortgage and hypothecate the RI
and personal property. rights credits M
franchises Of the corporation, either thoars
the President or any other person duly suA
orlzed to act; and generally TO do and Or
form all things necessary in the transactjm
or the business and affairs Of the Con
pany, ,proided, that they may delegate TO d,
PRESIDENT or other person selected by than
such authority as they deem ft In refsr
ence to employing and diScharging agent
ana employees, fixing their salaries ssi
OF the Company.
Annually, at their first meeting after ele
tion the Board OF Directors shall select from
among their own number a President
fice-President, Secretary and a Treasure
Win the option OF one person for Seer
tary and Treasurer.
The first Board OF Directors shall be cor
posed or Nj. w. Carrico. S. F. Heaslip, ] Z
Crews, ID. ID. Moore and H. f. PercuL
Win NJ w. Carrico as President, 8 r.
heasilp as N1ce-president, and J. Z. Crsu
as Secretary-Treasurer, and they shall Con-
1inue IN once until the second TUESDAY b
January, 1913, or until their successor
snail have been duly elected and qualified
on the second Tuesday inbJanuary, 1914
ana annually thereafter, or as soon sfta
SAID date as possible, at a meeting Of stool
holders called for that purpose, an election
i 10. directors shall be held at the cds
tne company In New Orleans, LouIlxns
after ten days written notice mailed to eah
Stockholder at his last known address and
Oy publication for not less than ten days
prior to said meeting In a newspaper pub
lished In New Orleans, Louisiana. At aid
eIection each stakeholder shall be entitled
10 cast, either in person or BY duly tuthof
lied proxy. one vote for each share Of eof
owned by him and standing In his Mans q
the books OF the Company, and a majority
or the stock voted shall be necessary %
eject. Vacancies In the Board OF Director
snail be filled by 1t for the unexpired tern
from among the stockholders Of the Con-
pany.
ARTICLE VI.
This charter may be amended, changsd
or modified, or this corporation may be d.
solved and Its business terminated at any
time, by vote OF three-fOurths Of the stocf
present or represented. at general met
fnS or stockholders, convened for that pur
pose after thirty days written notice mahed
10 each stakeholder at his last known 90
dress, and by publication in a newpaPs
published In New Orleans, Lousians. 70,
not less than thirty days prior to ss
meeting.
ARTICLE VII.
:, AZ the termination of this charter y
limitation or at the dissolution Of the coz
poration as herelnabOve provided or etn,r
wise, the affairs Of the Company shail
llquidated by three 90 commissioners eDas
en- by majority OF the stock present or AZ
resented at stockholders meeting OLE
Tor that purpose, after ten days written
tlce mailed to each stakeholder at bis ~
kneWn address, or at the meeting at WI
dissolution Is determined upon. The nas.
eating commissioners shall give bono y
other security. as the stockholders may ~
termine, and shall liquidate and settie \.
analrs OF the corporation under suen u
ana regulations as may be provided py ~ y.
stockholders. In the event Of vacancy ~
Ilquidating commission, the remaining 9" =.
mlssioners shall select from among ~
stockholders OF the Company new - -
missioner to fill such vacancy and be ~ x.
give the same bond or other security "
other commissioners