The herald., 1912-05-02
ARTICLE V.

ARTICLE V.
| All the power Of this corporation shall be
vested in and exercised by a board Of three
directors, pursuant to such rules and regu-
| latlonS as they may adopt. The said direc-
| tors shall be elected by ballot at an annual
| meeting of the shareholders. under the su-
perVlslOn Of two commissioners of election
appointed by, the board of directors, which
! meeting shall be held on the first Monday
| in the month of May Of each wear after due
notice sent by mail to each stakeholder TO
| the address furnished by such stakeholder TO
the secretary, not less than ten days prior
| 70 Ihe hoidlng or such an election. The
hrst board OF directors shall be elected i'm
medlately after the signing OF the charter
by the subscribers TO not less than fifty
| thousand tSJO.OOO.OOl dollars Of the capital
stock, and the directors so elected shall hold
ONCE until the first Monday in May, 1914
AT all meetings of the shareholders each
shareholder shall be entitled to east one
vote, in person or by proxy. on each share
OF stock held by him. At any meeting of
the board of directors, any director absent
ltSnn tne city may be represented by any
Other director, who may cast the vote of
SAID absent director according TO the writ
ten instruction OF said absent director.
The board OF directors shall have full
power and authority 10 sell, lease mortgage
| or pledge any and all of the property, NOV
! able and immOyable belonging to the com
| pany without referring TO the stockholders
| Ipr power to do So and they may also pur-
Chdse Tor cash, or on credit, property Of
any Kind required for any OF the purposes
| OF the company, without authority Of the
shareholders; or make any contract and
perform any act whatsoever for and I'm the
name or the corporation which the CORPORA
tion Hser could make and perform
Inc board Of directors shall have full
p pm ana authority to employ, appoint for
Such time as they deem proper and TO dis
MISS sucn managers, superintendent agents
anu employees as they may deem hest and
s 10 seSt IN IN mem such powers as they see fit,
] t.,
| . In case OF any vacancy in the board OF
ulectOrs- the remaining members shall have
the power to fll the vacancies and all d.
| rectOrs and officers of this comDanv shall
| remain in Office until their successors q ra
| erected and qualified. Failure 10 hold the
annual meeting shall not dissolve the cor
pOration. WI
ARTICLE VI.
rms act Of Incorporation may be changed.
hloGined or altered. or this corporation NAV
! oe uiSSoIVed with the assent of three fourths
OF the stock present or represented et n
| meeting convened for that purpose after fen
| llol days written notice mailed 10 zach
dress. P'.'oinoe du-
ARTICLE VII.
or All diD Proceedings relative to the increasing
or diminishing of the capital shall be taken
| "a the manner prescribed by the laws of
| the state Of Louisiana Vi
ARTICLE VIII
No stakeholder shall ever be held liable
OF tIeSpOnsiDle for the contracts or faults
OF the said corporation in any further sum
taan the unpaid balance due on the sba res
| OF STOCK owned by him, nor shall any mere
InfIornaIlty In organization have the effect
oI rendering this charter null or of expos.
| ing a stakeholder to any liability beypnd
the amount of his unpaid stock: nor shall
any lnformality or irregularity in orea MIA.
lion Ion, ever nave the effect of rendering any
G n no ~
ARTICLE TX.
Whenever this corporation is dissolved
either by limitation of time or by the de-
termination OF the stockholders, its affairs
s snah pe iiquldated under the supervision OF
Imo nquldators to be appointed for that
purpose at general meeting of the stock
h0lders convened after ten DAYS notice
wien notice shall be sent by mail to the
audresS or each stakeholder as left nv tban
win the secretary of the company
AT such meeting to consider the liauida
IlOn or the corporation the result shall hs
ne tI oy the consent of three fourths
Vi tne STOCK present or represented at such
meetlng In case Of the death or Inability
70 act OF one or the liquidatOrs the survivor
shall act alone.
mus done and passed in nv office at tbe
city or New Orleans, on the day month an
year hereinabOve first written in the nras :
ence or John Smith and X. johnson. com
PeIenS Witnesses who hereunto sign their
tary after due reading of the whole
Names or signers) (Witnessesl 7
Smith, X. Johnson d
tSigned) FRED C. MARX.
State OF louisiana ''
Parish Of Orleans.
L. the Undersigned, recorder of MORTGAGES
10 ana Tor the parish of Orleans. state nj
LOUISIANA, 90 hereby certify that the above
ana foregoing act of incorpora tion Of tn
Iecella Sugar Company, Limited. was this
gay duly recorded in my office in book 1055
New Orleans, La, April 23rd. 1919
| o., CSlgned) EMILE LEONARD
'"e"i' Deputy Recorder
"A true copy of the original on file and q,
record In my Office. except that the names
on tne subscribers and the number of shares
SUBSCRIBED for by each of them have neon
Miness my hand and seal of office this
23rd day Of April. 1912. "'e 'nis
| fsoo,, (Signed) FRED. C. MARX.
AMI 90 ~ Notary Public.