The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-28

tors, officers, agents and other employees as
the interest of the corporation may require,
and TO make rules, regulations and bylaws
for its corporate management and control ;
and to do all things and acts permitted by
law or as shall or may be necessary and
proper to carry out the objects and pur-
poses of said corporation.
ARTICLE II.
The domicile of the corporation shall b.
in the City OF New Orleans, State OF Lou
isiana. Citation and legal service shall be
made upon its president, or in case or his
dent, or, in case OF the absence or disability
OF both, on the second vice-preSident. The
Board Of Directors may nominate any other
person upon whom to serve citation.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature Of
the business to be carried on by 1t are
hereby declared to be to buy and SELL pack,
import and export oysters and fish OF all
kinds TO own, lease, operate and otherwise
deal in, oyster beds to erect, maintain and
operate oyster plants and shocking houses !;
TO buy, sell and otherwise deal In fruit and
produce, and TO do a general commission
business in fruit and produce OF all kinds /;
to erect, maintain and operate canning and
packing establishments of all kinds, ice fac
tories and cold storage plants; and gener-
ally to do all things incidental or germane
to said objects and purposes; and also to
hold, receive, purchase, convey, ALLEVIATE.
hypothecate, pledge or otherwise deal with.
acquire or dispose OF, stock in any other
corporations engaged in a business inciden-
tai or germane TO the objects and purposes
above enumerated, with power TO vote said
stock set forth in Article l of this act OF
Incorporation.
The capital stock OF the said corpora tion
shall be one million dollars (s1.0O0,OO0;OO)
divided into and represented by ten thou
sand 100000 shares OF one hundred dol
lars (S100.QOD each, which said stock shall
be paid for in cash, as called for by the
Board OF Directors, or the same may be
issued, full paid and worcestershire, at not
less than par. in payment or exchange for
property rights actually received or pur
chased by said corporation, or the same may
be issued, full paid, for money advanced
and for such other valuable consideration
or services as the Board OF Directors OF
the corporation may determine, provided
that no stock shall be issued until the con-
SideratiOn therefor has been received by the
said corporation.
Any stakeholder may sell, assign or trans
fer his stock in this corporation, provided
thirty 900 days notice Of such intention 10
sell, assign or transfer the same be given
the company and the stockholders thereof
shall have the first privilege of purchasing
the same after which thirty days notice,
the stock may I've sold In the open market.
The stock OF said corporation may be
transferred under the above conditions, pro
vided such transfer be made on the books
OF said company, at its Office in New Or
leans. and on surrender OF the certificate
therefor. No transfer OF any fractional
part of a share shall be made.
This corporation shall commence doing
business as soon as three thousand dollars
lS3.00O,O0) Of the capital stock shall have
been subscribed for
ARTICLE V.
The corporate powers of this company
shall be vested In and exercised by a Board
of seven % Directors, consisting OF the
president, first vice-president, second vice
president, secretary-treasurer, and three
other stockholders. Five Of said board shall
constitute a quorum for the transaction
Of business, and their decisions shall be
valid corporate acts. The first Board OF
ing: Frank Mclaughlin, Frank ]. Lobrano,
Edwin ID. Jones, John b. Fasterling, Gle
ment S. Watson, Paul Zlbilich and Saul
MoOs. with Frank Mclaughlin as president
Frank ]. LObrano as first vice-president
Edwin d. Jones as second vice-president,
and John b. Fastening as secretary-treas-
urer. Said board shall hold ONCE until the
first Monday in June. 1913, or until their
ing the absence OF the president. the first
vice-president shall preside, and during the
absence Of both, the second vice-president
The annual election Of the Board of Di-
in June of each year, commencing with the
year 1913. Whenever the said day shall
be a holiday, the election shall be held on
the next legal day thereafter. Notice of
said election shall be given by at least ten
days (1O) written notice by registered mail
sent to each stakeholder Of record and at
his known address on the books Of the COM
pany; and such notice shall be legal and
valid in all of Its phases and the Board Of
Directors shall appoint two Of the stock
holders to preside at such election as CON-
missioners. In the event Of failure of any
commissioner or commissioners to attend
nv Afrtp
vacancy. Any failure from any cause what
ever to elect directors the day named for
that purpose shall not dissolve the corpora
tion, but the directors then in office as well
as the officers of the company shall hold
over until their successors are chosen In
such event, the president shall cause an
other election TO be held within thirty DAYS
and shall give notice thereof as hereinbe-
fore provided. At each election and meet
ing each stakeholder shall be entitled 10 a
vote for each share of stock registered in
his name and may vote by proxy.
The election of directors shall be by bal
lot and the majority of votes east, each
share OF stock voted upon to be counted FOR
one vote, shall elect the person or persons
TOT whom they have been cast. After each
election, the Board of Directors shall elect
from their own number the officers Of the
company.
ARTICLE VI.
The Board Of Directors shall have fu,l
power TO NIL vacancies in their number by
death, resignation or otherwise from among
the stockholders OF the corporation The
board shall have full control of the propertv
OF this company, and shall so conduct. man
age and use the same as in their discretion
they deem fit. and as Is consistent with The
OBJECTS or the company, or the welfare of
the same. The said board Is further au-
thorized TO frame and adopt such bylaw.
rules and regulations as the affairs of the
corporation may require and as 1t NAV deem
necessary Tor the conducting and manage
ment thereof, provided the same shall No.
DE In conflict with this charter, or with the
laws or the state or of the United States
Inc said board shall elect or appoint Off.
GERS agents, employees, servants and clerks
as Ii NAV deem necessary for the co., -.