The herald., 1912-04-18
ARTICLE III.

person upon whom to serve citation.
ARTICLE III.
The objects and purposes for which thi.
corporation is organized and the nature Or
the business TO be carried on by ii are
hereby declared to be 10 buy and sell, pack.
import and export oysters and fish OF all
kinds to own, lease. operate and otherwise
deal in. oyster beds 10 erect, maintain and
operate oyster plants and shucking houses !;
to buy. sell and otherwise deal in fruit and
produce, and 10 do a general commission
business in fruit and produce OF all kinds !;
TO erect, maintain and operate canning and
packing establishments OF all kinds, Ice rae
tories and cold storage plants and gener-
ally to do all things incidental or germ2ns
10 said objects and purposes and also 10
hold, receive, purchase. convey, ALLEVIATE.
hypOthecate, pledge or otherwise deal with.
acquire or dispose OF, stock in any other
corporations engaged in a business inciden-
tai or germane to the objects and purposes
above enumerated. with power TO vote said
stock, set forth in Article | OF this act of
Incorporation.
The capital stock OF the said corporation
shall be one million dollars Isl 600. 10000
divided into and represented by ten thou
sand 100000 shares of one hundred dol
lars CSlOO.0OD each, which said stock shall
he paid for in cash, as called for by the
Board OF Directors, or the same may be
issued, full paid and worcestershire, at not
less than par. in payment er exchange for
property or rights actually received or pur-
chased by said corporation, or the same may
be issued, full paid, for money advanced,
and for such other valuable consideration
or services as the Board OF Directors OF
the corporation may determine, provided
that no stock shall be issued until the con-
sideratiOn therefor has been received by the
said corporation.
ANY stakeholder NAV sell. assign or trans
fer his stock in this corporation, provided
thirty (30D days notice OF such intention TO
sell, assign or transfer the same be given
tho pnmnanu and tho STnpk hnldarG thereof
shall have the first privilege of purchasing
the same. after which thirty days notice,
the stock may be sold in the open market.
The stock OF said corporation may be
transferred under the above conditions, pro-
vided such transfer be made on the books
Of said company, at its office in New Or
leans, and on surrender Of the certificate
therefor. No transfer of any fractional
part of a share shall be made.
This corporation shall doing
business as soon as three thousand dollars
(s3 ,0O0.0O) Of the capital stock shall have
been subscribed for.
ARTICLE V.
shall be vested in and exercised by a Board
of seven "a Directors, consisting of the
president, first vice-president. second vice
president, secretary-treasurer, and three
other stockholders. Five of said board shall
constitute a quorum for the transaction
Of business, and their decisions shall be
valid corporate acts. The first Board Of
Directors shall be composed Of the follow
ing: Frank Mclaughlin, Frank J. Lobrano,
Edwin ID. Jones, John Ii. Fastening, Gle
ment s. Watson, Paul Zibilich and Saul
MOOs, with Frank Mclaughlin as president,
Frank J. Lobrano as first vice-president,
Edwin ID. Jones as second vice-president,
and John B. Fastening as secretary-treas
urer. Said board shall hold office until the
first Monday In June. 1913, or until their
successors are elected and qualified. Dur
inc the ahSQOpa nf tho praSidant tho fret
vice-president shall preside. and during the
absence OF both, the second vice7president.
The annual election of the Board of Di-
%rectors shall take place on the first Monday
in June OF each year, commencing with the
year 1913. Whenever the said day shall
be a holiday, the election shall be held on
the next legal day thereafter. Notice of
said election shall be given by at least ten
days (10) written notice by registered mail
sent to each stockholder Of record and at
his known address on the books Of the com.
pany and such notice shall be legal and
valid In all Of its phases and the Board of
Directors shall appoint two of the stock.
holders to preside at such election as com.
nlssioners. In the event of failure of any
commissioners or commissioners to attend,
the president shall by appointment fill the
vacancy. Any failure from any cause what
ever to elect directors the day named for
that purpose shall not dissolve the corpora.
ton, but the directors then in office, as well
as the officers of the company shall hold
over until their successors are chosen. In
such event, the president shall cause an.
other election to be held within thirty days
and shall give notice thereof as hereinbe
fore provided. At each election and meet
ing each stakeholder shall be entitled to q
vote for each share of stock registered In
his name and may vote by proxy.
The election of directors shall be by bal
lot and the majority OF votes cast, each
share OF stock voted upon to be counted fol
one vote, shall elect the person or person.
for whom they have been cast. After each
| nlnnNfnn AhA DAa.l - -IN -.
from their own number the officers of the
company.
ARTICLE VI.
The Board Of Directors shall have full
power to fill vacancies in their number by
death, resignation or otherwise. from amons
the stockholders of the corporation. The
board shall have full control Of the property
of this company, and shall so conduct, man
age and use the same as in their discretion
they deem fit, and as Is consistent with thu
objects or the company, or the welfare OF
the same. The said board is further au
thorized to frame and adopt such bylaws
rules and regulations as the affairs of tn,
corporation may require and as 1t may deem
necessary for the conducting and manage
ment thereof, provided the same shall mo-
be In conflict with this charter, or with tn,
laws or the state or Of the United States
The said board shall elect or appoint off
GERS, agents. employees, servants and clerk,
as II may deem necessary for the conduct
their compensation, term OF office, with tn,
right to dismiss them at said boards pleas
ure and said board shall have the right Il
nix and determine the salaries of the oficer
herein provided for.
ARTICLE VII.
This charter may be changed, modified o.
amended Except as to increase or decreas,
OF the capital stock. which Is hereinaftel
provided for). or this corporation may b.
dissolved, at a general meeting of the stock