The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-16

4 Al
open market. \ prior lien on all shares of
stock shall be retained by the company on
the stock of any stakeholder for any indebt-
cdneSS secured or unsecured however evi-
denCed or created, due at any time to the
cOmpanS-ly-LasM OIuer of such stock. And
all transfers OF SOCK shall he transferred
subject To this clause.
ARTICLE V.
All powers Of this corporation shall be
vested in a board Of directors. composed of
not less than three CD stockholders. They.
shall be elected on the first Monday of De
cember in each year, commencing l9l2, AT
a general meeting convened for at purpose
after ten days previous notice in writing,
10 each stakeholder owning stock standing
in his name on the sOOkS of the corporation.
and until such time the following named
stockholders are hereby named as the hrSt
board of directors. and who shall hold their
office and exercise their functions until
their Successors are elected. viz w. j.
LEngle, +. Wood and 6. +. Mason. of whom
g. f. Mason shall be president, W. J.
LEngle shall be vice-president and f. Wood
shall be secretary and treasurer. The same
person may hold the offices of secretary am.
treasurer or each of such offices may b.
held by a different person.
The election Of the board Of directors
shall be by ballot, and each stakeholder
shall be entitled TO one vote, either in per
son or by proxy, for each share of stock
owned by him, and a majority of the votes
cast shall elect. The board of directors
shall. Immediately after their election. elect
from their number a president, vice-presi-
dent secretary and a treasurer;
The said board of, directors shall elect
and employ any and all employees, mana
gers and clerks of the corporation they may
deem necessary for the proper conduct OF
the business, and may fix their compensa-
ton and remove or dismiss them at pelas-
ARTICLE VI.
nut, L,,.u 49, L. or,o,5oJ or aI+arnd
by the stockholders at general meeting
convened for that purpose. after ten days
written notice to each stakeholder; or TINS
corporation may be dissolved with the as
sent Of two-thirds of the capital stock rep
resented at such a meeting. In case OF dis
solution. the affairs Of the corporation shall
be closed or liqudated. as rapidly as posi-
bic, by two or three liquidators, appointed
or elected by the stockholders at such meet
ing The capital stock of this corporation
may be increased or diminished in accord
ance with the laws of the State of Louisi-
ana on the subject of altering the capital
stock Of corporations.
ARTICLE VII.
The subscribers hereto have respectively
stated opposite their signatures hereto, the
number OF shares of the capitpal stock sub
scribed by them respectively, constituting
the same the subscriptions made by the IN
corpOrators for the purpose of organizing
this corporation.
ARTICLE VIII.
No stakeholder shall be liable or respon-
sible for the contracts or faults of this cor
poration in any further sum than the I'M
paid balance due TO the corporation on the
shares owned by him. nor shall any mere
informality in organization have effect OF
rendering this charter null or OF exposing
a stakeholder to liability beyond the amount
of his unpaid stock, II any.
dnnn nd np
New Orleans, Parish Of Orleans, louisiana
on the day and year first above written. In
the presence of y. ]. Barrios and Il. {. Bal
lintine, competent witnesses, residing IN
said parish. who have signed their names,
together with said appearers and me, no
tary, after due reading of the whole.
Signed W. J. LEngle, subscribed to l0o
shares G.. F. Mason, subscribed to 20
shares E. Wood subscribed to % shares.
Witnesses " J. Barrios. f. C. Ballintine
(Signed) A G. ,LaPICE, Notary Public
7 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
duly recorded in my office in book 1865, 70
lilo 120. New Orleans, La. May ., l9l2
EMILE LEONARD, ID. r.
T the undersigned notary. do hereby Ger.
tify the above and foregoing TO be a true
and correct copy of the act Of incorpora
tion of the Dexter Turpentine Co., passed
before me on the sixth day of May, A. ID.
1912, together with the certificate or the
Recorder of Mortgages for the Parish OF Or
leans, louisiana thereto annexed showing
its recorda ton in this Office, the original OF
which is of record in my current notarial re
gister.
Given under my hand and impress OF m,
official seal the II day OF May, A. ID. 1872
A. G. LaPICE, Notary Public.
may 16 % 30 june 10 20
ANJENnNE tn