The herald., 1913-10-09
HF WONDERS WHAT IT IS NslsUDDENtI FINDS our

or services performed for the said corpora
ton, or for property or rights actually re-
ceived ny sad corporation.
This corporation may become a going con
Germ and shall be authorized to commence
business when and as soon as three thou
sand dollars (s3,OO0.O0) OF its capital stock
shall have been subscribed for
Article V.-An of the corporate powers
OF said corpora tiOn shall be vested in and
exercised by board of directors to be com
posed OF five 90 stockholders to be elected
annual on the fourth Monday of January
in each year.
shall be held and conducted at the office
| of this corporation under such regulations
as may be established by the board of di-
rectors.
Notice Of such elections shall be given
! by the secretary Of this corporation by pub
| LEGATION OF not less than ten days, prior
| thereto, in a daily newspaper published in
| the English language, in the city of New
Orleans.
At AL such elections and at all corporate
meetings, every stakeholder shall be entitled
| to one vote for each share Of stock standing
| in his name on the books of this corpora
| tion. to be cast by him in person, or by
written proxy, and the majority of such
votes cast shall elect.
ANY vacancy occurring among the direc-
| tors of T. IS corporation by death, resignation
or otherwise, shall be filled by election for
the unexpired term by the remaining direc-
tors.
A failure to elect directors on the date
above specified shatl not dissolve the corpOr-
alton. nor impair Its corporate existence,
but the directors then in Office shall remain
| in office until their successors shall have
Deen duly elected and qualified.
The board of directors shall at its meet
! ing elect from among Its members presi-
| dent, a vce-president, secretary and
| treasurer, or one person to act as both sec
| rotary and treasurer, as II NAV determine !;
when the office of secretary shall be held
separately Ii may be occupied by one other
] than a stOcklOlder
The .oard OF directors from time to time
may name and appoint all such other Off
| GERS and agents as Ii may deem necessary
| for the purpose and business Of this corpor-
alton. The said board shall have ,ne power
| TO fix and define the duties OF every ofi1cer
and employee. and all officers and employees
| shall hold ONCE and employment at the
pleasure of the board The board may
make and establish, as well alter and
amend all such bylaws, rules and regula-
tions necessary and proper in its judgment
business and affairs of such corporation.
The board Of directors shall have full power
and authority to borrow money, to execute
mortgages, and to create liens, to Issue
bonds notes and other obligations, and the
same to secure by mortgage, pledge or other
wise; and generally to do any and all things
reasOnaUie, convenient and necessary for
the proper carrying on of the business and
affairs of said corporation.
The board Of directors may issue full-paid
shares OF stock for cash, or in payment OF
|
corporation or property or rights actually
eceived by this corporation.
All transfers Of stock shall be made on
the books of the company, and under such
rules and regulations as the board of direc
tors NAV prescribe.
Article VI.-The following shall consti
joy. f. A. Wagner, A. S. Chenet, j. W. Shell
: don and F. II. Rice, with W c. LOvejoy as
! president, E. A Wagner as vice-president
: nd J. W. Sheldon as secretary and treasurer
orH Of ha1 hnld M
fee until the fourth Monday Of January
1916, and until their successors shall hav,
} been duly elected and qualified.
Article VII.-Wheneyer this corporation
shall be dissolved either by limitation, o.
from any other cause its affairs shall b.
3 liquidated by three commissioners to be ap
pointed from among the stockholders at
general meeting Of the stockholders convene'
. for such purpose, Of which meeting motto
! shall be given In the manner and time pro
4 vided for stockholders meetings by Articl
2 VIII of this charter, and a majority II
t amount Of the capital stock Of said cOrpor
alton, represented at such meeting, shall b
: requisite to elect. Said commissioners shal
remain IN Oee until 18th the aairs % saS COZ
d case of the death OF one or more OF sal
q commissioners, the vacancy SHALL be file
by the surviving commissioners:
4 Article VIII-This act OF Incorporate
o may be modified, changed or altered, or sal
3 corpora ton may be dissolved with the cor
|. sent OF three-fourths (3-4) OF the capita
o STOCK represented at general meeting
J. the stockholders convened for such purpose
n and after notice shall have been given !
T, one or more newspapers published In tn
?, city of New Orleans, once week for fou
: weeks preceding the meeting, and by wri
?. ten notice to each stakeholder mailed {
:. him to his last known place OF business, 9
n dOmlcile, thirty days prior TO the date {
: the meeting.
Any change proposed or made in referent
J. TO the capital stock, shall be made in accOrt
d ance with the laws OF the state Of Louis
I: ana. on the subject OF altering the capit'
d stock OF corporations"
: Article IX.-No stakeholder shall ey
v be held liable for the contract or faults
L said corporation, in any further sum tn,
D. the unpaid balance due the corporation {
ID the shares Of stock owned by him nor sha
n any mere informally In organization ha'
II the effect OF rendering this charter nj
r or OF exposing the stockholders to any II
bility beyond the unpaid amount remainl
r due on his stock.
le Article X.-The subscribers hereto ha
/. written opposite their respective names c
u amount Of stock In this corporation 81
ar scribed for by each of them, and this a
Ia OF Incorporation shall serve as the origin
"a subscription list OF said corporation.
er Thus done and passed in my office at
I'd city OF New Orleans, on the day, month a
he year hereinabOve first written, In the pr
- nd m