The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26
the objects and purposes hereinabove

the objects and purposes hereinabove
ARTICLE III-The capital stock of
this corporation is hereby fixed at the
sum of one Hundred Thousand dollars
CS100, 10000 to be represented by lOVV
shares of the par value of $4,000 each,
payable in full at the time of the sub
scription. The Board of Directors snail
have the right TO issue shares OF stock
only for cash, services rendered, mer-
chandise. property, or other valuable
considerations. as they may see mt.
ARTICLE IV-The corporate powers
Of this corporation shall be vested IN
and exercised by a Board of Directors,
three in number. selected from the
stockholders Of this corporation, and
consisting of President, wee fresl-
of whom will constitute quorum Tor
the transaction of corporate business.
The first Board of Directors snail De
elected at a meeting OF stockholders 10
be held after the signing of this char
ter Said Board of Directors and off1-
GERS shall remain and hold once Ior
one year from the date or their elec-
ton. or until their successors nave peen
duly elected and qualified, which cleo
ton shall take place on the third Mon
day in June. 1914, and annually there-
after. The election for directors sha III
amount of stockholders voting, wheth-
er present or by proxy, shall elect the
persons for whom they are cast. Each
ed for one vote. After each election,
the Board shall elect from their own
number the officers above named:
The Board of Directors shall Ill give sIUc,, al
OF directors and shall appoint one or
more stockholders to preside at such
election. Any failure from any cause
whatsoever to elect directors on the
day named for that purpose shall not
dissolve this corporation, but the direc,
tors and officers then in office, shali
hold over until their successors are
chosen and qualified.
The Board of Directors shall have
full power and authority to fill va
cancies in their number caused Dy
death. resignation, or otherwlse: Inc ne
said board is further authorized TO
frame and adopt such bylaws, rules
and regulations as the affairs and busl,
ness of the company may require ana
| IT may deem necessary for the conduct
| ing and management thereof, provided
the same does not conflict with TINS
charter. and the laws of the state OF
Louisiana, and those Of the Unlted
States; to name and appoint general
manager, fix his compensation ana
terms of employment, as well as other
agents, employees, as in Its discretion
may seem fit and proper.
vested with the power to acquire and
| purchase such property or business, or
good will. or all of these from indivld-
| nails or firms, or other corporations as
|
visable and proper, whether the same
] be real or personal property, ana al
| such prices and on such terms as they
think best, and to pay therefor in the
| full paid capital stock of the corpora
tion. This power to purchase and ac-
| ouire to be exercised by the said board
without the necessity OF referring 10
the shareholders for authorization.
| ARTICLE V-This charter may De
amended. modified or altered, or this
corporation dissolved, at general
meeting of the stockholders convened
majority Of the stock which may be is
| sued, present or represented at sucn
meeting. Thirty days notice by mail
shall be given of such meeting; IN case
OF dissolution or termination of this
corporation, the liquidation Of its af-
| fairs shall be conducted by three COM
missioners selected in like manner and
by like vote and assent at a meeting
called as above for that purpose.
| ARTICLE VINO stockholder snail
| ever be liable or responsible for the
debts contracts or faults or TINS cor
poration for any further sum than 'ne ne
stock subscribed for or owned by him
nor shall any informality in the organ
ization have the effect OF rendering TINS
charter null sn or IL sHPSsbe Beyond the
amount Of the unpaid balance on his
subscription to the stock.
| ARTICLE vII-Should any stock,
holder or stockowner desire 10 sell
or dispose of all or any part OF said
stock or relinquish his interest in the
corporation or desire to terminate OF
| dissolve the same, he shall first tender
such stock, for purchase to the other
| Stockholders and the other stockhold-
ers shall have the preferred right, for
sixty days. to purchase sh the stock SS tS Sc
hooks Of the company. All stock is
sued, or to be issued. shall be subject
to the foregoing provision.
! ARTICLE VIII-The capital stock OF
this corporation may be increased OF
decreased on complying with the re-
ouirements of the law. and with sucn
| bylaws as may be consistent with the
law. as may be hereafter adopted py
the Board Of Directors.
| ARTICLE IX-This corporation shal
be a going concern. and be authorized
| to do business under this charter as
soon as the sum of Thirty.five Thou
sand Dollars 1885, 00000) of its STOCK
| shall be subscribed for.
Thus done and passed in my notaria
Office on the day and date flrst aoovs
written, in the presence of Messrs. 4
A. Schuber and w. Conkerton, poti