The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-14

and to operate, own or lease any kind Of
manufacturing plant or any kind of business
not specially prohibited by law; to own
possess, lease, sell, operate and work mines
or any and all kinds; to act as agent or
attorney in fact for individuals or corpora
lions and as such, to conduct any kind of
business Tor persons or corporations and to
buy and sell on commission or otherwise
and 10 conduct general commission bust
ness; and generally TO do and perform any
and all acts or business not contrary 10
the laws Of the state OF Louisiana.
ARTICLE Nv.
The capital stock of this corporation Is
hereby hxed at one hundred thousand dol
lars (S1OO,OOO.OO) to be divided into one
thousand II ,OOO) shares OF one hundred dol
lars tSlO0.OO) each, to be paid for in money,
or us equivalent at the time of its issuance,
or 10 be issued full paid and worcestershire
IN the payment of rights or property or
franchises or concessions bought by or trans
1erred TO this corporation, or for services
actually rendered TO ii. This Corporation
may commence business as soon as five
thousand dollars (S5,0OO0O) of its capital
stock Is subscribed for. All transfers of
STOCK snail be made on the books OF the cor
poration subject TO the bylaws governing
them. The capital stock OF this corpOra.
ton may be increased or decreased nv a
tnree-fourths (3-4) vote of the stock issued,
at general meeting, after ten 1O) d,ys'
notice sent to the stockholders as herein
provided
ARTICLE V.
.,o ail me corporate powers of this corpora
non snail De vested in, and exercised by a
board or directors consisting of not less
IMAM three 80 or more than five (5) stock
noIuers OF this corporation, which said num-
per TOT the ensuing term shall be determ-
med by the stockholders at the meeting
neId Tor the purpose Of electing said direc,
o9Fs and Just prior to their election. The
S Sant Oh ihls corporation shall be a presi-
deht, a vice-president and a secretary
stockholders. Oo
The first board of directors of this cor
no oil faI
ers Immediately after the signing OF mis-
enarter and said board shall at once elect
non, tnelr number; the officers herein
retain their respective offices until The sec.
ond Iuesday In October, 1912 at which
time and annually thereafter the stock
holders shall hold meeting and elect a
board OF directors as herein provided and
sald board shall upon taking their seats
proceed without delay to elect the officers
herein mentioned.
remain In office until their successors are
auly elected and qualified. ANY failure 10
nave nave any such elections at the time fixed
c chait NOT nave the effect of annulling this
omcers shall hold over until such election
can be had. Any vacancy occurring on the
,S between elections shall be filed for
me me remainder of the term by the remaining
directors. Any director NAV appoint nv
MrlIteh proxy ANY other stakeholder as his
p t,n' on said board and exercise for the
an Tue pOWerS or such director
All elections shall be by ballot. Each
snare or stock shall be entitled TO one vote
e ei IN person or by proxy, and a major,
ny OF the votes cast shall elect or decide All
n.atters voted upon; and all meetings OF
SsuockhOluers snail be held after five C5l
Gays prior notice in writing. sent 70 each
stoCkholder at his last known address
Inc majority of the board OF directors
s sndll constitute quorum for the transac-
non or all business, and a majority Of All
upon. ''els Noteu
SAID board of directors shall have the
Ilsnt ana power. by Unanimous vote, 70 del
egate so much Of the corporate mowers vest
ed In them as they may deem ft, 70 tho
ipresldent' vice-president or the secretary
Insurer Insurer or this corporation, and he shall
S5A A the same as though each act SO
u uone was passed by the majority of the
va paru OF directors, and shall be binding ON
she corporation. The board Of directors
snaII nave 1ull power to discharge All em-
pho o or agents at pleasure and TO fix
oem compensation and salaries. and gen.
cIaIy 10 DO all things necessary in the
premises Tor the transaction OF the business
ahH anairs or the corporation.
no employee shall be considered as en-
P,,, Uteu py the year, unless so contracted
WIN In writing. All rights herein granted
~ nay De exercised, and business Conducted.
at any place or places that the said com,
pany may see fit to do without any restric
lions Whatever to states or Countries
ARTICLE vi.