The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-03

. edsb pIs44's>.
ARTICLE ".
The capital st.ck VI this corporation Is
. hereby nNed At tho sum Of one hundred
thousand dollars, divided into AMI repre-
value Of one hundred dollars per share. This
company shall have the right % commence
business and be- going courru when three
thousand dollars q the cap.ta -tJ.k shall
have been suisse rirrd and paid fur. All stock
shall %. paid 10. either in cash u~ property
received or labor done at such time and
up"l such terms auJ condition, as 90. board
or Directors ~nai prescribe. The capital
stock uaF .- Increased or decreased in a.
coyCtuue with go" laws Of this state. All
transfers az stock shall be- made on the
books "f IRE company uu the surg. LIyT Of
outstanding certificates and pursuant 10 such
rules as ''." board 90 directors may rry.
scribe. anu uo ".rrt aye OF stock shall. De-
( issued except when paid in fan ,- a.-,,r.
. No stakeholder sinai. have 1890 right I'd
sell ur dispose ~ his stock HLr.uut first
Offering 10 in writing for ntJr-u days through
Oh" board "f directors 10 tlr 'ruar stock
holders Ia proportion -p 'hrlr respective
holdings, az 20 price not iu rN.as- { 'hr book
value as Of tie date Il such 1Nrr. and 70
amy stakeholder refuses t., purchase. The
Others shall have ttu right O. s.. :lr sam"
. ia proportion 60 their Tees r..'.r.. holdings
and ala stock shall Doe issued aat aelG sub
jet To this provision of %" raai Of"
TIL" corporation shah have r.. ..-ut To
purchase any business within t.a pl~f'oSes
"f This corporation and pay Tor -.tu, either
.y cash cor ia stock ~ IN" corporation coz
'fti..f ~ '~' as inc tN'tau OF t4.F. ...~ ~.tll
d"cld"
AEIi'iE Y.
] All tAr powers of this corporation shall
. j." vested 10 srt the business iui affairs
. shall be- managed hy q board " directors
consisting OF three stockholders vino shall
. l~ elected annually an a needing ~ the
Stockholders held on the first Monday of
March Of each year. except rho inst board
~ directors who shall hold office until the
first annual meeting which sllE take place
on the first Monday Of March lGl4
All elections shall Dee held hy ballot ~
The "hcg of the company under the super
vision OF two commissioners 10 hn appointed
by the board of directors. Notice Of such
meeting snail be given 10y the secretary
treasurer IN writing delivered 10 each stock
hpld'r IN person, or mailed 20 his last known
address, az least ten days prior 10 such ciec-
ZION, or by one publication In a daily news
such election hut this notice mag De waived
ty all the stockholders.
~ al such elections and at all meetings
H. entitled to one vote for ca share OF
stock standing In his name on The books Of
.nr company az me date OF Such election or
T NJ, ~ n''u '",e' ~ Ne 'a>I IN person or
~ " "l ~. 49, and majority OF the
'" NJ as a. Snd'. clcCt'
,,,,dI ~ idtiuIt |" ee't directors ar me an
60, SI,"il not H'SSoiyt or aHrct me
o,y r',o; NJ. ".i"' US iIdhd-plhemt III
- ',NI,Sn' ,u' ule hIrrTl"TS ana omcefS
o , a,,',1' IN "ITu uh'lI the'r successors
al m Ecu 1ne 9ndlIhru
iuc uT5Iu 81 directors snail e!ect as soon
81 PoSSiPr' arler tRelr own e,ection' and
r,~.i m wi hummer, PRESIDENT wee.
p,Vn"i p anu ecrelary-treaSurer, ana
,bnI, 49, H. 10 en'h 'II'er such powers as
IN uv van, PIP iiTp'';. a.. -, ,.-.--
Al vacancies IN the board for whatever
/ ,au>r sh"., We nIIed by the remaining dl-
49,, any intihptr OF tne board may APP
aattnrd 'n ~ ormer sao'hn9Iuer ms proxy 10
and So 'TS "'e'''ns anu act III MS place
anu NJ sVciH' .
Inc board OF directors shall be vested
VIII IuI power ana authority 10 make all
ali hI9;vsP rnIc ana sac ana 20 MAKE
| o." on, na NV; ruIcs ana reEuIatIonS Tor the
tb s y. ',,I Dus.IeSs 9l the company ana
, "o In In ~ "leI, anIenu' or repeal AT pleas
I'm anu 'ne Oonru may, from TINE TO time,
Sa aiu aPl e, an such GncerS, agents,
80 'aItS anu eihPioyeeS' as lhey may deem
,,' S~sA, anu snaIl nave the power TO fix
at ! 'ne uuIIes Oh every omcer' agent
| ''' AZ i'm ai mn enIPioyee.
NJ, ~ En'ChS ana evidences OF Indebtedness
NUS ne SIEheu ny the president and the
@ R L ,iSI,,r' eAcept that IN the alb
5 S pI ulSapiiIty OF elther, the Vlce-presi-
| ~ -, rs P,,'v
/ v,-,ozu ., [tll,IE- VI
s,r''aI ~ 'HLs cVIPo,Idtion shdll ne as
S a., 20 tIIher iIoIh iiihuatlOh or otherwise.
misSinnars 10 We iIIGIaaIeu oy TWO com.
| III tID,t ~ pe aPPointeu from amongst
t thhe s,oJhnoIuers AT general meetlng or
~ hIob ronaeheu LOT tnat purpose,
tbo tina n ma TX no,ice snah pe gwen 70
| III ~ IL, ,itv auu niahueL ProNneu LOT STOCK
| ter. and n ma iOritv in amnunt of ni.oI
stock represented ot such mectng sba1g 10
! requisite TO elect Said commissioner sbaII
! remain in office until their afairS 70 S,iIv
liquidated In case of the death. resigna,
ton or Inability TO act OF eItbar ~ said
| commissioners the vacancy shall no fIIeJ
by the Stockholders after sfmiIar notJca ~
! iii which fine the survivor shall confinno
TO act The said notice NAV no waived NV
the unanimous consent of All the stockboId
ers
| This act NJ incornoratIon NAV ho roos,so,
changed or altered or said corynaration no,
| no dissoivad With tho assent 90 tbrao tn,,n,hy
! ~ the caniteI stool rsnrasantoi &c ~ on'
oral meeting 90 The stpcS%niSara d" co a IN
| for that nur1osa and aftor nntica sbou bn,,n
heen given In q daily nawsna nor ,nbItshaS
in this city once a week Tor fbirtv 9ays me-
ceding The meeting The said 1yotJco No
no waived nv the nnanimons consont 90 a2
tho stockboIdars AM chonoo ma5n o. ~
nosed with reference 70 the canitoI stpncL
shall he made in accordance with the laws
az This state q, tho Snhiact or eI.o IT, ' t%o
capItaI Stock of cornorafIons Vi altering 'ne
ARTICLE VIII.
NO stockholder shall ever be held liable
TOT the 1aults or contracts OF said corpOr-
ation IN any 1urther sum than the unpaid
balance que 70 the corporation on the shares
owned by MIN, nor shall any mere infor-
mallty In organization have the effect OF
rendering the charter null or exposing any
paid balance due on his stock.
ARTICLE TX.