The herald., 1912-03-14

orally to conduct and manage any other
bus mess incident thereto.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum OF fifteen thousand
dollars (Sl5. 900. OO). divided into one hun
dred and fifty shares OF the par value Of one
hundred dollars tS10O.OO) each. which shall
be paid for in cash when subscribed for, or
for the purchase of property, as the board
All shares Of stock shall be full paid and
non aSSesSable. No transfer of said capital
stock shall be binding upon this corporation
unless recorded on the books thereof and
made pursuant TO and in accordance with its
charter and bylaws.
No stakeholder may offer for sale assign
or transfer his stock in this corporal ion
without giving to the other stockholders
thirty DAYS prior notice of such intention.
which notice shall hc given in writing To the
president. who shall therenpon immediately
communicate said notice in writing To each
and every stock holder of record. in the
manner set out in Article for notice OF
stockholders meeting, and the other stock
holders shall have the first privilege Of pur-
chasing Srid stock At the book value thereof
for period of thirty days from IN" delivery
of said notice 10 the president, AFTER when
thirty days said stock may De sold in open
market In the event thar the other stock
holders avail themselves OF the SAID thirty
dav privilege and the demand should he Tor
more shares than are offered Tor sale IN"
stockholders desiring To buy snail br en-
titled ta purchase upon the pro rata basis OF
the stock already standing in their respect
i've names ON the books Of this company.
There shalt he written or printed across
each cert ihcatr of stock on this company,
These shares are issued and shall bc held
subject 10 The charter and bylaws Of this
corporation.
The business and affairs Of this corpora
ton shall lie managed and conducted by,
and all the corporate powers thereof shall
b,. vested in and exercised by a board OF
not less than four nor NOR" than nine dircc-
tors to be- elected from among the stock
holders OF the company, who shall have, NJ
least ten shares of the capital stock Of the
COMPANY standing in his name ON the com
plnyS books. \ majority Of said directors,
present either in person or represented 10y
proxy, shall constitute quorum 81 the
board. provided that II at any meeting
quorum be- not present, On"-half Of the mum
Der of directors present in person or repre-
>"ntrd 10y proxy. snail constitute quorum
lat the next meeting
Until the first Tuesday in January, 1918,
or until their successors are duly elected,
qualified and installed. the directors or illS
corporation shall he composed of Albert Tod
chauN. a. president Harold Mayer. rs vice
president: IL. T. L. Mayer and \. y. IuildG.
On the said first Tuesday in January, 1913,
and annually thereafter meeting OF the
stockholders of this corporation shall be
held at its domicile for the purpose of
elcCting directors for the ensuing year. SAM
election shall b. by ballot and the stock
holders receiving majority Of the votes
cast shall be declared elected. failure
from any cause Whatsoever 10 hold this said
annual meeting, or failure 10 elect directors
on the day above specified. shall not dis
solve the corporation, but the directors and
fiji rerS then in office shall hold over until
their SUCCESSORS have been duly elected. quail
flied and installed and it shall be the duty
Of the board Of directors TO convene within
ten days another meeting OF stockholders
for the purpose of electing directors, OF
which meeting each stakeholder shall have
three days prior notice in writing. The
failure TO hold said second meeting, or the
failure TO elect directors at same, shall like
wise not dissolve this corporation. but the
incumbent officers shall remain in Office and
there shall be no election Of directors by
stockholders until the date of the next an
nual meeting, 10 which or to any subsequent
annual meeting or meetings the same rules
shall apply.
Except as herein otherwise provided, no.
tice of all meetings Of stockholders for the
election OF directors or FOR any other pur-
pose, shall be given in writing at least ten
days prior 10 the date fixed for said meet
ing, and shall either be delivered personally
10 the stockholders or deposited in the mail
directed to each stakeholder TO his address
as same shall appear upon the books OF the
corporation and II no address appears upon
the books of the corporation, then said no
tice shall be deposited in the mail directed,
care Oc general delivery, New Orleans La.
ANY notice required by this charter may
be waived in writing by any or all OF the
stockholders appearing as such upon the
books. At all meetings of stockholders, each
stakeholder shall be entitled TO cast one
vote. either in person or by proxy, for each
share of stock owned by him and standing
in his name on the books of the company,
and except as herein otherwise provided a
ajority OF the votes so cast shall be suff-
cent to elect and decide any and all ques-
tions voted upon.