The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-05

tually purchased by this corporation.
All shares Of stock shall be full paid and
worcestershire No transfer of stock shall
be binding upon the corporation unless made
on its books and all certificates of stock
shall be signed by such officers as may be
designated by the Board of Directors.
ARTICLE V.
All the corporate powers Of this company
shall be vested in and the management and
control OF its affairs shall be exercised by
Board of Directors composed of first
stockholders, majority of whom shall con-
stitute quorum for the transaction of all
business. The Board of Directors shall be
elected annually by a ballot Of the stock
on the first Monday OF August of each year.
and after at least ten days notice shall have
been given to each stockholder by mail adj
dressed to his last known address, or by
publication in one OF the daily newspapers
published in the City of New Orleans for at
least ten days preceding sNch election. Each
stakeholder shall be entitled in person or by
written proxy to one vote of each share of
stock owned by him and standing in his
name on the books of the corporation. All
elections shall be held under such rules and
regulations as may be determined by the
elected shall continue In Office for one year
or until their successors shall have been
duly elected and qualified. No failure to
elect shall be regarded as forfeiture of this
charter. Any vacancy occurring on said
Board of Directors shall be filled by the
remaining directors for the uneypired term.
Said Board of Directors shall at its first
meeting after its election, elect from among
its number a President, Secretary and a
Treasurer. 1t may combine the two last
mentioned Offices into one and may even
elect Secretary who need not be a stock
holder. Said Board of Directors shall have
the right to appoint and dismiss such clerks,
managers and other employees of the cor
poration, including the secretary who Is
not a stakeholder, as conditions may justify
or the business Of the corporation require.
The tenure of Office Of all the employees OF
the corporal ton shall be during the pleasure
of the Board of Directors
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation, nor shall any
mere informality In It's organization have
the effect of rendering this charter null, or
of exposing a stakeholder to any liability
beyond the unpaid balance due on the
ARTICLE VII.
This act Of Incorporation may- be changed,
modified or altered, or this corporation may
be dissolved with the assent of the stock
holders owning a majority of the stock Of
the corporation at a general meeting con-
yened for that purpose, and after each stock
holder shall have been notified In the man.
ner and form prescribed In Article V OF
this charter. In case of the dissolution Of
this corporation by the expiration OF this
charter or otherwise. the stockholders shall
elect three liquidators from among their
number, to liquidate and settle business and
AFFAIRS or the company. In case OF the
death or inability of any of said commits
sioners or liquidators, the survivor or sur
vivors shall eppoint successor or success
sors to them.
ARTICLE VIII.
Until the election to be held In August,
1913, the following stockholders shall con-
stitute the first Board of Directors, viz !:
Samuel NJ. Todd, Murice G. Wogan and
Frederick s. Sutherland, with the said Sam
uel NJ. Todd, as President and the said
Maurice @. Wogan, as Secretary Treasurer
Thus done and passed at my once In the
City of New Orleans, on the day, month
and year, herein first above written, In the
presence of Theodore A. Beck and Anthony
Troyani both of this city, competent wit
nesses, who have hereunto signed their
names with the said appearers and me,
notary, after due reading of the whole.
Original signed samuel NJ. Todd, 8
shares NJ. G. Wogan, 20 shares; +. s.
Sutherland, 8 shares.
witnesses IT A. Beck, Ant. Troyani
ROBERT LEGIER, Not. Pub.
l. the undersigned Recorder of Mortgages
for the Parish Of Orleans State OF louisa
ma, do hereby certify that the above and
foregoing charter of the River Front Tank
Storage Company, was this day duly re-
corded in my Office, in book 1855, Folio
New Orleans, La, August goth, 1912.
(Signed) EMILE LEONARD, I'D. X.
A true copy from the original act
ROBERT UEGIER, Not Pub.
Aug. %, 90, Sept. 8, II, 10, 20.