The herald., 1913-09-25
both real and personal property in any of

both real and personal property in any Of
said states or territories.
ARTICLE Iv-rhe capital stock Of this
corporation Is hereby fixed at the sum OF
thirty thousand dollars $3.50, 100000, divld
ed into and represented by three hundred
1900 shares of stock of the par value OF
one hundred dollars (S10000) each, which
said stock may be issued for cash, payable
at such time, in such amounts, and after
such notice to the subscribers may be
fixed by the board OF directors, or II may be
issued for labor done, or for property actu
ally received by the corporation. This cor
pOrati shall become a going concern and be
authorized to do business soon as thee
thousand dollars (s3OOOOO) OF its capital
| stock shall have been subscribed for.
ARTICLE V-AIl the powers Of this cor
poration shall be vested in and be exercised
by board Of directors. TO be composed OF
five stockholders, to he elected annually on
the first Monday of May in each year.
All such elections shall be held by ballot
and conducted at the Office OF said corpora
tion under the supervision OF commission
er, to be appointed by the board OF directors
Notice of such elections shall be given by
| the secretary Of the corporation by publica-
ton In newspaper published in the city OF
| New Orleans; said publication shall appear
at least three times, and said first publica-
| tion shall be made at least ten days prior
| to the holding OF said elections.
At all such elections and at all corporate
meetings every stakeholder shall be entitled
| In his name on the books OF the corporation
TO be cast in person or by his written proxy,
| and majority Of the votes cast shall elect
ANY vacancy occurring among the direc-
| tors by death. resignation. or otherwise,
shall be filed for the remainder Of the term
| by the remaining directors.
failure TO elect directors on the date
above specified shall not dissolve the corBo-
| ration, nor impair its corporate manage
ment. but the directors then In Office shall
RENAL In in onice until their successors shall
be elected and qualified
The board OF directors shall elect from
| among their number a president, who shall
| also act as treasurer; yice-president, and
secretary They may, from time to time,
| name and appoint all such other officers and
| agents as they may deem necessary for the
purposes and business Of the corporation
They shall have power 10 fix and define the
| duties or every officer and emplOye, and all
| officers and employees shall hold Office and
employment at the pleasure of the board.
The board Of directors may make and estab-
| lish as well as alter and amend, any and
| all bylaws, rules and regulations necessary
and proper in their judgment for the proper
conduct. support and management OF the
business and affairs Of the corporation.
| The board of directors shall have full pow
er and authority TO borrow money, to exc
cute mortgages, and create liens to issue
bonds. notes. and other obligations, and gen.
orally to do all things reasonable. convent
eht, and necessary for the proper conduct of
| the business of the corporation.
The board of directors may issue full paid
or in payment OF labor done, or property
| actually received by the corporation.
Every member of the board OF directors,
In case OF his absence from the state Of Lou
| isiana, or the city of New Orleans at any
time. shall have the right TO name and ap-
point, In writing a proxy TO represent him.
and to sit and vote In his place and name at
all meetings OF the board, which NAV take
place during his absence as aforesaid
| ARTICLE VI-Whenever this corpora ton
shall be dissolved. either by limitation or
| from any other cause. Its affairs shall be
liquidated by three commissioners. TO be ap-
pointed from among the stockholders at a
| meeting of the stockholders convened for
such purpose, OF which meeting notice shall
be given for ten days, by written notice sent
by registered mail to each stakeholder at his
last known address, and by publication In at
least one newspaper in the city Of New Or
| leans during such time, and majority In
amount of the capital stock OF said corpora
| ton represented at such meeting shall be
| requisite TO elect. Said commissioners shall
remain In office until the affairs Of the cor
| poration shall be fully liquidated. In case
OF the. death OF any commissioner, the sur
viving commissioners shall fill the vacancy.
| ARTICLE V1I-This charter may he mod
lied, changed or altered, or said corporation
may be dissolved with the assent OF three.
| fourths OF the capital stock represented at a
general meeting of the stockholders convened
for such purpose, and after notice shall have
been given In one or more newspapers pub
lished in the city OF New Orleans once a
| week for four weeks preceding the meeting,
| and by written or printed notice to each
| stakeholder. mailed to him thirty days prior
| TO the date of the meeting at the post ONCE
| address designated by him In writing ANY
changes proposed or made In reference to the
| capital stock shall be made In accordance
with the laws of the state OF Louisiana on
the subject Of altering the capital stock OF
corporations.
| ARTICLE VIII-No stockholders shall
| ever be held liable for the contracts or the
| faults OF said corporation In any further
sum than the unpaid balance due the corpo-
| ration on the shares Of stock owned by him.
| nor shall any mere informality in organiza-
| tiOn have the effect of rendering the charter
| null, or OF exposing a stakeholder to any LA
bility beyond the unpaid balance which may
| be due on his subscription TO stock.
| ARTICLE IX-The following stockholders
| have been chosen and selected as the first
board Of directors Of this corporation. to-
| wit: W. Stanley Bender, J. Toby Orlllion.
Thomas NJ. Gotten, Jas. A. Kaufman, and
Philip Gensler, Jr., who shall serve as such
until the first Monday IN MAY, 1914 or I'M
| til their successors are elected and qualified
and said W. s. Bender shall act as presi-
dent and treasurer; said J. It. Orillion as
vice-president and said T. NJ. Gotten as sec
rotary; and shall serve as such until their
| successors shall be chosen and qualified as
hereinbefore specially provided
The subscribers hereto have respectively
| written opposite their names the amount of
stock In this corporation subscribed for by
each Of them, so that this act Of incorpora-
tion may also serve as the original subscrip-
ton list OF said corporation.
Thus done and passed at nv Office In the
city OF New Orleans In the presence Of A.
Miles Coe and Paul Chaser, Competent wit.
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