The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25

July of each year. The first election under
this charter to be held in the year 1913.
All elections shall be by ballot, at the Of
nee or the corporation, under the supervision
OF commissioner to be appointed by the
president for each election. All elections
and meetings of stockholders shall be pre-
the secretary to each stakeholder to the ad-
dress left by him with the secretary; each
share Of stock shall be entitled to one vote,
to be cast in person or by written proxy and
a majority Of votes cast shall elect. The
board of directors shall have power to fill
all vacancies occurring in said board. Fail
ure 10 elect directors on the date above spe-
Gifted shall not dissolve this corpora ton,
but the then existing board and other off,
GERS shall hold Office until the election of
their successors, after notices as above pro-
vided.
At the first meeting after their election.
the said board OF directors shall elect from
their number a president, a vice-president,
and a secretary treasurer, and such other Of
ficers 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 he 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
tion and act for it in selling, buying. mort
gaging. 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 a 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
(by bond mortgage or otherwise), lease or
nj n n tmm0Y-
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 or
such other corporation, without referring to
the shareholders for authority so to do, and
said board shall have power to designate
and adopt a 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. I'm
til the meeting to be held In July, 1913, I'M
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 J. Nolan as secretary
treasurer
No stakeholder shall ever be liable or re-
sponsible for the contracts, fault. or debts,
nor shall any mere informality In It's organ
lzation have the effect of rendering this
charter null or OF exposing any stockholder
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 NEUTRALITY-SUSPICIOUS., who shall hold sucn
office of comm issioners 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.
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 rela-
tive to same
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 |
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.
iSigned) Names of signers omitted.
Eugene ID. Saunders, X. Johnson.
Not. Pub.
State of Louisiana,
1, the undersigned recorder OF mortgages |
IN and for the parish Of Orleans, state OF
Louisiana, do hereby certify that the above |
md f9regSns as1 q nmeS
his day duly recorded In my ONCE. in book
New Orleans, July 18th, 1912
Signed EMILE LEONARD
Dy. Recorder.
I hereby certify that the above and fore
yoing is true and correct copy OF the orig |
nal, on file In my ONCE except that the
names of the signers and the number Of |
shares of stock subscribed has been omitted. |
(Signed) FRED. c. MAKx,
uI IS Is aug 1 is % 1912
ADAMS HATS