The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-08

OF directors shall likewise elect the add
tiOnal members in case they should deter
mine to Increase the number OF the board,
as above provided Said board of directors
at its first meeting elect from among its
number a president, a vice president, a sec
rotary and a treasurer. 1t may combine the
two last mentioned offices into one and may
even elect secretary who need not be a
stakeholder. Said board Of directors shall
also have the right to appoint and dismiss
such clerks. managers and other employees
of the corporation, including the secretary
who is not stakeholder or director, as con
ditions may justify or the business of the
corporation may require. The tenure Of Of
flee Of all the employees of this corporation
shall be during the pleasure of the board
OF directors
Article Vino stakeholder shall ever be
held liable or responsible for the contracts,
faults or debts of this corporation. nor shall
any mere lnfOrmality in its organiZat ton
have the effect Of rendering this charter null
or of exposing a stakeholder TO any liability
beyond the UNPAID balance due on the shares
of stock owned Dy him.
Article Nll.-The act Of Incorporation
may be changed, modified or altered, or this
corporation may be dissolved with the as
sent Of the stockholders owning a ma jOrity
Of the common stock Of the corporation at
general meeting convened for that pur-
pose after notice shall have been given TO
each holder of common stock in the manner
and form prescribed in section Of this
act OF Incorporation. In case of the dissO-
luton of this corporation by the expiration
of its charter or otherwise. the stockholders
shall elect from among their number, three
liquidatOrs, who shall have full power and
authority to liquidate and settle the bust
ness and affairs of the company. In the
event of the death or inability of any of said
commissioners or liquidatOrs, the survivor
or survivors shall appoint a successor or
successors 10 him or them.
Article NlIl.-In the event Of the liquL
dation OF this corporation, by the expiration
Of its charter or otherwise, the preferred
stock, then outstanding shall be first paid
In full, at par, together with all accrued
dividends and any balance, II any, then re-
naming shall be applied to the payment Of
the outstanding common stock.
Article lN.-Until the election to be held
in July 1914, the following named stock
holders SHAH constitute the first board of
directors, viz George +. Sears W. j. Cas-
tell and Adolphe dAqun, with the said
George +. Sears, as president, W. ]. Castell
as vice-president and Adolphe dAquin, as
secretary treasurer.
The corporation shall become a going con-
Germ as soon as three thousand $4,000. OO)
dollars of its capital stock shall have been
subscribed for.
Thus done and passed at my office in the
city OF New Orleans, on the day, month and
year herein first above written, in the pres.
ence OF Theodore A. Beck and John L. Ca
zale both of this city, competent witnesses.
who have hereuntO signed their names with
the said appearers and me, notary, after
due reading OF the whole.
Original signed Geo. +. Sears, 20 shares
AdOlphe D'Aquin, 3 shares II. ]. Cousin, )
shares; VIM. J. Castell, ten shares. T. A.
Beck, John L. CaZale
ROBERT LEGIER, 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
Sears Feed Milling Company was this day
duly recorded in my office, in book loss.
folio = New Orleans, La, April 30, 1913.
EMILE LEONARD, Deputy Recorder.
true copy from the original act.
ROBERT LEGIER, Not Pub.
may Is % 20 june ) IL