The herald., 1913-08-07

The directors elected at the annual meet
Ing shall Immediately convene and elect
president and the other OmterS herelh pro-
vided for from their own number. Al Va
cancieS occurring by death, resignation or
otherwise among the directors, snail he
filed by an election held by the remaining
directors Each director shall. at the time
Of his qualification own al least three shaFes
OF the capital stock Of this company.
The board OF directors shall have the pow
er TO elect or appoint Such ohcerS OF en-
pIoyees as 1t may deem proper. and TO h1
their compensation and the term or their
employment and TO vest such OF Its powers
in it's officers or employees as it may deem
proper. ,,.,-,
any director absent from the city may ne
represented by any other director by VIII
ten proxy who may cast the vote OF ihe
absent director upon the matters coming
before said meeting. Two % directors
shall constitute a quorum for the transac-
tion OF all business.
And the board Is specially authorized TO
buy, sell, lease, mortgage or pledge any I ana
he necessary TO conduct the business or TINS
company and to borrow money and TO issue
bonds and notes therefor secured or unse-
cured. as it may deem proper, and 10 exc
cute such mortgages, pledges or other Sc
curities as 1t may deem advisable TO secure
money borrowed. And the board may deie-
gate this, or any other power vested In us
officers. without referring TO the sharehold,
ers for authorization or ratihcation OF saln
acts.
president. vlce-president. a secretary
treasurer and a general manager or super
The president, the vice-president and the
secretary-treasurer Of the company shall
be stockholders The other oficers snail
not be required to own stock.
Within thirty (3O) days after the slgnlns Z
hereof the stockholders shall meet ana ana
elect the first board OF directors who shall
hold office until the first Monday in July
1914, or until their successors are duly
elected and qualified. The board OF direc-
tors thus elected shall at Its first meeting
elect the officers OF this company who shall
serve the company until their successors
are elected and qualified. - ,,
Article VIII.-This corporation may ne
| dissolved by the assent OF three-fourths IN
amount OF the issued and outstanding cap,
ital stock OF the company at general
| meeting convened for such purpose arter
| thirty days notice shall have been given
| Of such meeting by advertisement In a
newspaper published IN the city or Ne"
| Orleans.
Article IX.-whenever this corporation
shall dissolve, either by liquidation or tor
any other cause, its affairs shall be liqui
dated. its debts and liabilities paid and
| the balance OF Its funds, divided pro rata
| among its shareholders under the superin
tendence and charge Of three commissioners
| Of liquidation, to be appointed for this pur
pose at a general meeting OF stockholders
convened after thirty days prior notice
|
Said commissioners shall remain in ono,
until the affairs Of said corporation shall
have been fully liquidated, and In the event
OF the death OF one or more members oI
said commissioners, or vacancy otherwiS'
occurring in their number, those who remalr
may continue to act as may I'LL such va
cancy.
Thus done and passed in my office, at tht
cIty OF New Orleans. on the day, month anC
wear herein first above written, In the pres
ence OF Gustave Blancand and Joseph Arm
shaw, the subscribing witnesses, who here
unto sign their names, with said appearer'
and me, notary after reading OF the whole
Original signed: G.. X. Hollander snG
others. Witnesses: G.. Blancand JOSEPH
Armshaw.
I W. MORGAN GURLEY, Not. Pub.
| L the undersigned. recorder OF mortgages
| In and for the parish OF Orleans state o
Louisiana, do hereby certify that the aboy'
and foregoing act OF incorporation or IN
/ 'sCane Products Company" was this da!
! duly recorded in nv Office In book No. loss
/ folio =. New Orleans, La, July ;, 1913
i (Signedl EMILE J. LEONARD ID. X;
i | hereby certify the above and foregoin!
70 be a true and correct copy OF the orig
inal act OF Incorporation Of the Cane Pro
ducts Company" together with the certli
cate of the recorder OF mortgages for IN
parish Of Orleans, hereto appended. on nj
and of record in my notarial office in IN
CITY OF New Orleans, Louisiana.
w MORGAN GURLEY, Not. Pub.
July 10 II "a 81 aug ii 1913