The herald., 1912-08-29

their number a president, a vice-presdent
and secretary-treasurer and such other Of
tieers as said 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
regulations necessary and proper for the
support and management of the corporation.
Said board shall also have power and au-
thority TO fix the terms and conditions upon
which property shall be purchased by said
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
or other person to appear for this corpora
ton and act for 1t In selling, buying, mort
aging. 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 written proxy.
Said board shall have power by a vote
representing not less than two-thirds Of the
capital stock then issued to sell, mortgage
Thy bond mortgage or otherwise), lease or
able property OF the corporation, or to re-
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 to
the shareholders for authority so to do, and
said board shall have power to designate
and adopt q corporate seal and alter or
change the same at pleasure and generally
have all powers generally vested in boards
of directors by custom, usage or laws. IN
til the meeting to be held in July, 1913, un-
Ward and Frank J. Nolan shall be and COM
pose the first board of directors, with L. NJ.
White as president, Harmon Ward as vice
president, and Frank ]. Nolan as secretary
treasurer.
No stakeholder shall ever be liable or re-
sponsible for the contracts, fault, or debts,
nor shall any mere informallty In its organ
ization have the effect of rendering this
arta ~ QynOSfnQ Sf0rkh0ldQr
to any liability but the unpaid balance due
on the shares owned or subscribed by him.
ARTICLE vi.
Whenever this corporation Is dissolved by
limitation or otherwise, its affairs shall be
liquidated by three commissioners, consist
ing of the president, the vice-president and
the secretary-treasurer, who shall hold such
office Of commissioners until the final liqui-
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, It's
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 and
year first above written, and In the presence
of Eugene ID. Saunders and K. Johnson, wit
nesses of lawful age, domiciliated In this
city, and therein residing, who have signed
their names with the said appearers and me,
notary, after reading thereof.
(Signed) Names of signers omitted.
Eugene ID. Saunders, K. Johnson.
(Signed) FRED. C.. MARX,
Not. Pub.
State of Louisiana,
Parish Of Orleans.
I, the undersigned recorder OF mortgages
in and for the parish Of Orleans, state OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation OF the
Crescent Specially Company, Limited, was
this day duly recorded in my ONCE, In book
1855, folio =.
New Orleans, July 18th, 1912.
(Sfgned EMILE LEONARD,
Dg. Recorder.
hereby certify that the above and fore
going Is a true and correct copy OF the orig
NAL on file In my office except that the
names of the signers and the number OF
shares of stock subscribed has been omitted.
(Signed) FRED. c. MARY,
Not. Pub.
Jul IS IS aug I 8 Is % 1912