The herald., 1912-10-31

ton of all business of the company, and a
majority vote at any meeting shall prevail
Said board of directors shall nave power 10
appoint one or more managers to whom they
may delegate the conduct or the ordinary
business and affairs Of the company, under
the supervision of said board. Said board
of directors shall have power to appoint al
agents clerks and employees and TX their
salaries and compensation, or may delegate
said authority to the manager or managers.
They shall have power to make, change, al,
ter or modify all proper bylaws, rules ana
regulations for carrying this charter into
effect and for managing the affairs OF the
corporation.
EyceDt as to the Increase or decrease OF
the CAPITAL stock, this act of incorporation
may be changed modified or altered or the
said corporation may he dissolved at meet
| ing OF the stockholders called specially Tor
| that purpose after ten days notice or the
| time and place of holding such meeting shall
have been directed to each. stakeholder In
the manner prescribed by Article " of this
act.
| No action of stockholders al any meeting
| shall be valid or binding unless stOckhold
erS holding or representing a majority oil
| the capital stock shall be present or repre-
scented by written proxy and IL shall re
auire a vote Of at least twO-thirdS Of the
| stock so present or represented 10 amend
| the charter or dissolve the corporation. A.
TO any other action by the stockholders
and represented shall control.
ARTICLE VII.
Upon the termination of this charter 10y
limitation. or upon the dissolution Of the
| corporation as herein provided for, its bust
ness and affairs shall be liquidated by three
commissioners selected from among the
stockholders at general meeting called fOr
that purpose after the notice required by
Article " of this act. In case of the death
of any liquidating commissioner during the
term of his duties as such, the remaining
commissioners shall elect a successor from
among the stockholders.
ARTICLE VIII.
The president of this corporation is here
by designated as the officer upon whom ser
vice of citation or other legal process shall
be made in the absence of the president
said service shall he made upon the vice
president and in the absence of both officers
upon the secretary.
ARTICLE IN
No stakeholder shall be liable or in any
manner responsible for the contracts OF
faults of this corporation beyond any un
paid balance that may be due on the shares
of stock owned by him nor shall any mere
infOrmality in this act have the effect OF
rendering this charter null or exposing
stockholders to liability beyond the amount
of their stock
The stockholders have placed oppOsit,
their respective names the number of shares
of stock in this corporation subscribed t.
by them and this act shall be considered rs
cOnta lining the original stock subscription
list of said corporation.
Thus done and passed in my Office at New
Orleans, on the day and date herein first
above written. in the presence of +. l.. SEA
barry and e. W. SchweitZer, competent wit
neSSeS who hereunto sign their names with
said appearers and me, notary, after due
reading Of the whole.
Original signed Il. 4. Webb, shares
Geo. W. Reese, ) shares +. l.. Brady, a.
shares l.. Thaller. share; VI. F. Wark,
share; George T.. Bent, ] share.
Witnesses +. l.. SZabary, Geo. W
SchweitZer.
| ALIENS BRIAN, Notary Public.
|. the Undersigned deputy recorder of mort
cages in and for the parish of Orleans, here
| in certify that the foregoing act of incor
poratiOn of the ST. Elmo X Belle Helene
Railroad Company was this day duly re
corded in my office in book 1853, folio -.
New Orleans, La, October -, 1912.
tSignedD EMILE LEONARD,
Deputy Recorder of Mortgages
| hereby certify the above and foregoing
10 be true and correct copy Of the original
act of Incorporation of the st. Elmo 4
Belle Helene Railroad Company, which was
passed before me on October IS, 1912, and
of the original certificate of the deputy re
corder of mortgages thereto annexed which
is annexed to said original: said original
act and certificate being on file in my cur
rent nOtarial register.
New Orleans, La, October -, 1912
ALEXIS BRIAN, Notary Public
| oct 81 nov ii Il 2S dec >