The herald. [volume] (New Orleans, La.) 1905-1953, 1912-08-15

sors are elected and indicted into ONCE.
In case OF failure to elect directors on the
said annual meeting may have been regu-
larly adjourned to- this corporation shall
not thereby be dissolved. but the then direc-
tors shall continue in office and a new cleo
ton shall be held, TO be preceded by a fifteen
days notice as hereinabOve provided.
ARTICLE VI.
Until the election first to be held under
this charter, as hereinabove provided, the
rectors, viz: August W. Berdon. Bernard
Meyer and Taylor J. Labry, and August W.
BerdOn shall be president, Bernard Meyer,
yice-president. and Taylor J. Labry. secre-
tary-treasurer. The office of secretary and
treasurer may be held by one and the same
person, and the secretary need not be a
stakeholder in said corporation.
In case of vacancy in any office from
death, resignation, or otherwise, the said
board OF directors shall elect a successor.
ARTICLE VII.
The board of directors shall, at their first
meeting. make all such bylaws, rules and
regulations, for the conduct and manage
ment of the business OF the corporation, as
they may deem best, to appoint from time to
time such officers, clerks, agents and other
employees as they may deem requisite, and
the same TO dismiss at pleasure; 10 make
general and special provisions for the filling
of any office during the temporary absence
or inability to act OF the incumbent; to bOr-
row money, TO execute mortgages, pledges,
all contracts whatever, and TO do all things
matters and acts pertinent to the objects
and purposes of said corporation, and in ex-
erciSing these powers the board OF directors
may act either directly or through such of
ticers or agents, as it may appoint, with gen
eral or special authority in what relates 10
the administration of the affairs and con
tracts or this corporation, and two members
shall constitute a quorum of said board.
All subsequent boards OF directors shall
have the authority to make new bylaws,
amend alter or repeal all such bylaws or
regulations in operation at their pleasure.
ARTICLE VIII.
Whenever this corporation is dissolved.
either by limitation or from any other cause
the affairs of the corporation. shall be H.
quidated, its debts and liabilities paid, and
the balance of Its funds, If any, shall be
divided pro rata among its stockholders, un.
der the charge and superintendent Of three
commissioners, to be elected by majority
in amount of the stockholders, at a meeting
convened for that purpose after thirty days
prior notice shall have been given, in person
or by mail to each stakeholder. The said
commissioners shall remain in office until the
affairs of the corporation shall have been
fully liquidated, and in case OF the death
OF one or more of said commissioners or
other vacancy occurring in their numbers
those who remain shall continue TO act, until
the vacancy Is filed by meeting Of the
stockholders called after ten days notice
thereof.
ARTICLE IX.
This charter may be changed modified or
altered or said corporation may be dissolved
with the assent of a majority in amount OF
the capital stock, at a general meeting OF
the stockholders convened for such purpose
after thirty days notice of such meeting
shall have been given in writing to each
stakeholder. Such meeting can only be
called by request Of two or more stockhold-
ers who own Jointly at least forty per cent
of the capital stock Of the corporation.
ARTICLE Y.
No stockholder OF this corporation shall
be held liable or responsible for its con-
tracts or faults in any further sum than the
unpaid balance due on the shares Of stock
owned by them, nor shall any infOrmality
in organization have the effect OF rendering
this charter null, or OF exposing a stock
holder to any liability beyond the amount
OF the unpaid balance due on his stock
Thus done and passed, in my Office, at the
year herein first above written in the pres.
ence OF Messeurs Philip S. Gidiere and Au.
gust III. Ritter, competent witnesses, who
hereunto sign their names with the said an.
bearers and me, notary, after reading of the
whole
Original signed: A. W. Berdon, Bernard
Meyer, I. ]. Labry. Witnesses Philip s.
Gidiere, A. III. Ritter.
]. VI. QUINTERO, Notary Public
/, 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 the
New Orleans Rice Company was this day
duly recorded in my office, in book 1866
folio =. New Orleans, La, July ., 1912
lSigned) EMILE LEONARD, d. r.
true copy.
j. NJ QUINTERO, Notary Public.
july IL IS % aug s