The herald., 1913-07-31
,ned and executed by the in.

this charter signed and executed by the In
cOrporators.
Article Iv.-All the corporate powers of
this corporation shall be vested in and eX-
ercsed by a board of five 90 directors, TO
be composed OF stockholders, three CD of
whom shall constitute quorum for trans
acting all business. The board OF directors
shall be vested with full power and author
itv to make all contracts, purchases and
sales and adopt all bylaws, rules and reg
ulations for the government OF the business
and affairs OF the company, and alter, amend
and change the same at pleasure; appoint,
hire and discharge all officers, agents and
employees, fix all salaries, and generally do
and perform all things necessary in the
transaction of the business and affairs of
the company. Any vacancy occurring In
said board shall be filed by the remaining
directors In the manner provided for in the
bylaws.
The first board OF directors of this cor.
poration shall consist Of Edward Wisner,
A. T. Dusenbury, A. B. Graves, Pierre Jack
son and w. X. Pennington, with the said
Edward Wisner president, A. T. Dusen.
bury as vice president, A. b. Graves as sec
rotary and Pierre Jackson as treasurer, who
shall hold their offices until the third Mon
day in January, 1914, or until their success
sors are duly elected and qualified
On the third Monday in January, 1914
! and annually thereafter, an election for d.
rectors shall be held at the Office OF the COM
! rnissiouers to be appointed by the president
and the directors then elected shall take
! their seats Immediately and shall hold Of
| flee until their successors are duly elected
| and qualified. Each board shall elect its
| own officers, which shall consist OF a presi-
| dent, a vice-president, a secretary and a
| treasurer; two OF said offices may be held by
| the same person.
| All corporate elections shall be by ballot
| and a majority of the votes cast shall elect,
and al all stockholders meetings held for
any purpose, each share of stock shall be
entitled to one vote, either in person or by
= In
Is registered on the books of the company,
and the board OF directors may close the
stock transfer books for a period not ex.
ceeding thirty days before any meeting
i Written notice Of stockholders meetings
shall be given to each stakeholder by the
secretary at least ten (10) days prior ia
elections, by mailing same postage prepaid
TO his last known post Office address,
The board Of directors shall have power 10
establish stock transfer agencies, under rea
sonable rules and regulations, in the city
: OF New Orleans, Louisiana, and at such
other places as they may deem necessary as
+, the business OF the corporation shall re
: quire.
Article V.-This act Of Incorporation ma,
be changed, altered or modified, or the cor
, poration dissolved with the assent of three
sented at any general meeting of the stock
holders convened for that purpose aftel
thirty 900 days prior notice OF such meet
ing shall have been given by publication il
al
the city of New Orleans, by FIVE (5) publ
cations during said period, and such change
as may be made in reference to the capita
, stock shall be made in accordance with tn,
then existing laws on the subject.
, Article 1V.-Whenever this corporation 4
E dissolved either by limitation of its char
Ter or from any cause, its affairs shall N
? llquidated by three (3) commissioners to b
/ appointed from among the stockholders a
meeting of the stockholders convened 20
2 that purpose after thirty (3O) days' prio
r notice shall have been given by the secre
r tary to each stakeholder Said commits
sioners shall remain In office until the al
$ fairs OF said corporation shall have beel
Z fully liquidated In case Of death OF eithe
j commissioner, the survivors shall continu
: to act
E Article Vino stockholders OF this cor
poration shall ever be held liable or re
: sponsfble for the contracts or faults thereo
In any further sum than the unpaid baIanc
I due to the corporation on the shares owne
E by him, nor shall any mere ipformality 4
{ organization have the effect OF renderin
e this charter null, nor OF exposing a stock
: holder to any liability beyond the amour
s The subscribers hereto have each write
: opposite their names the number of sha re
i subscribed for, so that this act NAV ais
d serve as the original subscription list.