The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-27
ARTICLE V.

All the corporate powers of this company
shall be vested in, and the management ana
control OF its business and affairs shall be
exercised by a board OF directors to be COM
posed OF five stockholders, a majority or
whom shall constitute quorum Tor the
transaction Of all business. The directors
shall be elected annually by ballot OF the
stockholders, on the second Tuesday in
March Of each year. Each stakeholder shall
be entitled in person or by written proxy 10
one vote on each share or stock owned Dy
him and standing in his name on the books
of the corporation and ma jority OF the
votes cast shall elect. All elections shall
be held under such rules and regulations as
may be determined by the board OF directors,
but after at least ten days notice shall
have been given to each stakeholder by mail
sent to his last known address. The direc-
tors thus 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 considered as forfeiture OF
this charter. Any vacancy occurring on
said board Of directors shall be tilled by the
rema lining directors for the unexpired term.
Said board OF directors shall. at its first
meeting after it's election, elect from among
its number a president, yice-president. sec
rotary and treasurer Ii may combine the
two last mentioned Offices into one, and may
even elect a secretary who need not be a
stakeholder. Said board of directors shall
also have the right and power to combine
the office of the president and secretary.
treasurer. Said board Of directors shall
have the right to appoint and dismiss such
clerks, managers and other employees OF
the corporation, including the secretary who
tify or the business OF the corporation may
require. The tenure of Office Of all the EN-.
plOyees of the corporation shall be during
the pleasure Of the board of directors.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults OF
debts of this corporation, nor shall any
mere lnformalty, in it's organization have
Of exposing a stakeholder to any liability
beyond the unpaid balance due on the shares
Of stock owned by Inn.
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 all of the STOCK
of the corporation, at a general meeting
convened for that purpose after notice shall
have been given to each stakeholder as pro
yided for in Article V of this act Of inc0r
poration. In case OF the dissolution by the
expiration of this charter or otherwise, the
stockholders shall elect three liquidators
from among their number. TO liquidate and
settle the business and affairs of the com
pany. In case of the death or Inability OF
any Of said commissioners. the survivor oil
survivors shall appoint a successor to him
ARTICLE VIII.
Until the election to be held In March
1914 the following stockholders shall con
stitute the first board Of directors. viz Pau
Conrad, r. f. de los Reyes, NJ. Paul Julian
Frederick Burt and Charles Carmouche, with
the said Paul Conrad as president and sec
retary-treasurer. and the said Fredericl
Burt as vice-presdent and general manager
Thus done and passed at my Office in thu
city OF New Orleans, on the day, month and
year, herein first above written, in the pres
ence OF Theodore A. Beck and John P. Ca
zale both of this city, competent witnesses
who have hereunto signed their names will
the said appearers and me, notary, after due
reading of the whole.
(Orfginal signed) Paul Conrad, 9 shares
Frederic Burt, 9 shares: Chas. Carmouche
shares: NJ. p. Julian. 8 shares: p. f. d.
los Reyes, shares T. A. Beck. John p
CaZale. ROBERT LEGIER, Not. Pub.
/, the undersigned recorder Of mortgages
In and for the parish OF Orleans, state o.
Louisiana, do hereby certify that the abov'
and foregoing act of Incorporation Of tn,
Standard Remedy Company, Incorporated
was this day duly recorded In my office II
book 1888. folio =.
New Orleans La. March 10th. 1913.
, (Signed) EMILE LEONARD, ID. r.
"A true copy from the original act.
ROBERT LEGIER, Not. PUB.
inch 20 q apl 8 10 II "a 1913