The herald. [volume] (New Orleans, La.) 1905-1953, 1912-12-12

been delivered to the company and duly
cancelled, and the corporation shall have
the right to refuse TO make said transfer
upon its books as long as the owner of said
stock is indebted TO said corporation. Any
stakeholder who may desire to dispose OF
his share or shares OF stock shall give the
refusal of same for ten days TO the corpor-
alton at price not exceeding the book
value thereof. and should the corporation
not avail itself of the right 10 purchase the
same. the refusal shall he given In the vari,
Gus stockholders beginning with the then
holder Of the largest number of shares.
ARTICLE ".
Ali the corporate powers OF this corpor-
alton, including the power to buy, sell. con
vey. mortgage or in anywise acquire or
ALLEVIATE the property. both real and per
sonal, shall he vested In a board of direc-
tors. composed OF three stockholders, who
shall be elected annually on the second
Tuesday of January of each year. commenc'
ing January, 1913, by the ma iOrity of the
stockholders voting at such election, which
! shall he held after ten days written notice
delivered either in person or by mail 10 the
| last known address left by the stakeholder
| with tine secretary trea Surcr Of the CON
| pany. and at such meeting each stOckhold"I
| is entitled TO one vote for each share Of
| stock held by him or her: the directors
| thus elected shall remain in office unit.
| their successors are elected and qualified
and the failure TO so elect each year shGlI
not have the effect Of rendering this char
| Ter null, but the board in Office shall con
time until the new board Is elected and
qua lifted: the directors shall out Of their
/ number appoint a president. a vice-preSid"n;
and a secretary-treasurer and until the
| first election as above specified, the board
/ Of directors shall be composed of Or. John
| 4. Kyle. " lillian III. Douglas and Alfred
| Plaisance. with Dr. John A. Kyle as pres
! ident: William II. Douglas, secretary-treaS
urer. and Alfred plaiSance. vice-prcSident
! The board Of directors shall have the right
| to make bylaws the same 10 alter. amcns
or repeal: 10 employ and discharge such
clerks and employees as may be necessary
ARTICLE v
This charter NAV be changed. altered OF
amended, or said corporation may be dis
solved. by n vote Of twO-thirds of the ca
| ital stock represented and voting at gen
| eral meeting OF the stockholders called for
| that purpose. after a thirty days written
notice sent TO the stockholders as above
ARTICLE VI.
Whenever this corporation is dissolved
either by imitation or otherwise, its ar
fairs shall be liquidated by three liquidators
| 70 be elected by the stockholders at a gen
| eral meeting convened and held in accord
ance with Article Five: said liquidatOr:
| the company are fully liquidated and set
| tied in the event Of death or resignation
/ of any Of the said liqudators, or vacancy
| occurring for any other cause, the SAID
ARTICLE VII.
| No stakeholder shall ever be held liabl,
or responsible for any OF the debts or Obliga
| lions of the company beyond the UNPAID
| balance that may he due by them on thu
| stock subscribed by them; nor shall any
mere informally in organization have thu
| effect of rendering them liable beyond th'
unpaid balance that may be due by then
| on said stock. The number OF shares sub
| scribed opposite the names of the under
signed subscribers shall act as the origina
| stock subscription list. none other existing
| Thus done and passed. in my office, 81
| Carondelet street, this city, on the day
month and year herein first above written
in the presence Of. Messieurs John ]. Nc
| Closkey and stephen GOrrOndona, cOmpeten
witnesses, who hereunto sign with the SAT-
1 appearers and me, notary, after due readin!
| OF the whole.
| Original signed: vii. II. Douglas, 1:
| shares; DR.. John A. Kyle, IL shares; Al
! fred Plaisance, q shares. John j. McClos
| key, Stephen GorrondOna.
| JNO. WAGNER, Not. Pub.
| !. the undersigned recorder of mortgage
| in and for the parish of Orleans, state o.
| Louisiana, do hereby certify that the allow
| and foregoing act of Incorporation Of th'
| "Woodley Stock Farm Company, Limited.
was this day duly recorded in my office, IL
| book 1865. folio -.
| New Orleans, La. Dec. 3, 1872
(SignedD EMILE LEONARD, d. r.
true copy JNo. WAGNER, Not. Pub.
dec IL 10 &c jan 0