The herald., 1913-01-16

shares Of stock to be transferred shall have
Deen delivered 10 the company and duly
cancelled, and the corporation shall have
the right to refuse to make said transfer
upon its books as long as the owner of said
stock Is Indebted to said corporation Any
stakeholder who may desire to dispose OF
his share or shares OF stock shall give the
refusal Of same for ten days to the corpo--
alton at price not exceeding the book
value thereof, and should the corporation
not avail itself of the right to purchase the
same, the refusal shall be given tC the vari-
Gus stockholders beginning with the then
holder Of the largest number of shares
ARTICLE ".
All the corporate powers OF this corpor-
alton, Including the power to buy, sell, con-
vey, mortgage or in anywise acquire or
sonal, shall be vested in board of direc-
tors, composed OF three stockholders, who
shall be elected annually ON the second
Tuesday of January OF each year. commenc-
ing January, 1913, by the majority OF the
stockholders voting at such election, which
shaH be held after ten days written notice
delivered either In person or by mail to the
last known address left by the stakeholder
with the secretary-treasurer of the com
pany, and at such meeting each stakeholder
Is entitled 10 one vote for each share OF
stock held by him or her; the directors
thus elected shall remain in Office until
their successors are elected and qualified
and the failure TO so elect each year shall
not have the effect of rendering this char
tinue until the new board Is elected and
qualified; the directors shall out of their
number appoint president, a vice-prasldent
and secretary-treasurer and until the
first election as above specified, the board
OF directors shall be composed OF DIR. John
A. Kyle, William III. Douglas and Alfred
Plaisance. with DR.. John A Kyle as pres
ident; William ii. Douglas, secretary-trea
urer, and Alfred Plaisance, vice-president
The board Of directors shall have the right
10 make bylaws, the same to alter, amend
or repeal; to employ and discharge such
clerks and employees as may be necessary
ARTICLE "
This charter may be changed, altered or
amended or said corporation may be dis.
solved by a vote OF twO-thirds Of the cap
ital stock represented and voting at a gan
eral meeting of the stockholders called for
that purpose, after a thirty days written
notice sent to the stockholders as above
specified.
ARTICLE VI
Whenever this corporation Is dissolved.
either by imitation or otherwise its af-
fairs shall be liquidated by three liquidatOrs,
TO be elected by the stockholders al a gen.
eral meeting convened and held in accord
ance with Article Five; said liqudators
shall remain in Office until the affairs of
the company are fully liquldated and set
tied in the event Of death or resignation
OF any of the said liquidatOrs, or a vacancy
occurring for any other cause, the said
vacancy shall be filed by the remaining Ii
qudators.
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for any OF the debts or obliga-
lions of the company beyond the unpaid
balance that may he due by them on the
stock subscribed by them; nor shall any
mere informally in organization have the
effect of rendering them liable beyond the
unpaid balance that may be due by them
on said stock. The number OF shares sub
scribed opposite the names Of the under
signed subscribers shall act as the original
stock subscription list, none other existing.
Thus done and passed. in my office. 3l1
CarOndelet street, this city, on the day,
month and year herein first above written,
in the presence of MeSseurs John ]. Nc.
Closkey and Stephen GOrrOndOna, competent
witnesses, who hereuntO sign with the said
appearers and me, notary, after due reading
Of the whole.
Original signed: Will H. Douglas, Il
shares Dr. John 4. Kyle, - shares Al
fred PlaiSance, shares. John J. McClOs-
key, Stephen GOrrondona.
JNO. WAGNER, Not. Pub.
!. the undersigned recorder of mortgages
in and for the parish Of Orleans. state OF
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
"WoOdley Stock Farm Company, Limited"
was this day duly recorded in my office, in
book 1858, folio -.
New Orleans, La, Dec. 3, 1912
lSigned) EMILE LEONARD, ID. r.
A true copy.
yNO. WAGNER, Not. Pub.
dec IL 10 &c jan . 9