The herald., 1912-08-15
The first election under

July OF each year. The first election under
this charter to be held in the year 1913.
All elections shall be by ballot, at the Of
fee Of the corporation, under the supervision
of commissioner to be appointed by the
president for each election All elections
and meetings of stockholders shall be pre-
coded by ten days notice sent by mail by
| the secretary to each stakeholder to the ad-
dress left by him with the secretary; each
share OF stock shall be entitled to one vote,
| to be cast in person or by written proxy, and
majority of votes cast shall elect The
| board of directors shall have power to fill
| all vacancies occurring In said board. Fail
ure to elect directors on the date above spe-
cited shall not dissolve this corporation,
but the then existing board and other OH
GERS shall hold Office until the election of
/ their successors, after notices as above pro-
vided.
At the first meeting after their election,
the said board of directors shall elect from
| their number president, yice-president,
and a secretary-treasurer, and such other Of
| icers as aid board shall deem necessary.
| Said board of directors shall have power
and authority to make and establish as well
as to alter and amend bylaws, rules and
support and management OF the corporation.
Said board shall also have power and au-
| thority to fix the terms and conditions upon
corporation and alienated by 1t; to borrow
money, execute mortgages, issue notes or
| other evidence of debt as they may consider
| advantageous, and to designate some officer
| tlon and act for 1t in selling, buying mort
gaging. etc, property; to issue stock In pay
| ment of money borrowed received or pro-
perty, labor or services acquired by said
| corporation. At all meetings of said board
| a member thereof may be represented by an
other, under a written proxy.
Said board shall have power by vote
representing not less than two-thirds OF the
capital stock then issued to sell, mortgage
Thy bond mortgage or otherwise), lease or
pledge any or all of the movable or immov-
.ceive in exchange therefor money, or stock,
or bonds Of other corporations, and to vote
such stock and bonds at any meeting OF
such other corporation, without referring 10
the shareholders for authority so to do, and
said board shall have power to designate
and adopt a corporate seal and alter or
change the same at pleasure, and generally
have all powers generally vested In boards ,a
til the meeting to be held In July, 1913, IN
der this charter Louis NJ. White, Harmon
Ward and Frank J. Nolan shall be and COM
pose the first board Of directors, with L. N.
white as president, Harmon Ward as vice
president, and Frank ]. Nolan as secretary
treasurer.
sponsible for the contracts, fault or debts,
nor shall any mere informality In Its organ
ization have the effect of rendering this
charter null or Of exposing any stockholder
TO any liability but the unpaid balance due
on the shares owned or subscribed by him.
ARTICLE vi.
Whenever this corporation Is dissolved, Dy
limitation or otherwise. Its afiairs shall be
liuuidated by three commissioners, consist
ing of the president, the vice-president ana
the secretary-treasurer, who shall noid sucn
Office of commissioners until the mai liqul.
dation. In case of death, resignation OF
one or two of said commissioners, or Of the
inability to serve, the remaining commits
sIoners shall serve until the final liquidation.
ARTICLE VII.
This corporation may be dissolved, its
capital stock Increased or decreased or this
act of Incorporation amended or altered by
complying with the laws OF the state reia-
Thus done and passed in my Office, at the
city of New Orleans, on the day, month ana
wear first above written, and In the presence
Of Eugene d. Saunders and K: Johnson, Wit
nesses of lawful age, domiciliafed IN TINS
city, and therein residing, who have signed
their names with the said appeerers ana me,
notary. after reading thereof.
fSirned(: Names of signers omitted.
Eugene d. Saunders, X. Johnson.
tsigned) FRED. c; M MA b.,
State of Louisiana,
1. the undersigned recorder Of mortgages
In and for the parish Of Orleans, state OF
Louisiana do hereby certify that to the sD9 eSe
Crescent Speciality Company Limited. was
this day duly recorded in my once, In book
New Orleans, July 18th. 1912.
Dy. Recorder.
hereby certify that the above and fore
going Is a true and correct copy OF the orig
inal on file, in my ONCE. except that the
names Of the signers and the number OF
A' : = (signed) FED. c. MAnx,
Jul IS Is aug / 8 is % 1912