The herald., 1913-07-24

The directors elected at the annual meet
| ing shall Immediately convene and elect
| president and the other officers herein pro
| vidcd for from their own number. All va
| cancicS occurring by death. resignation OF
| otherwise, among the directors, shall I've
| filled by an election held by the remaining
directors. Each director shall, at the time
OF his qualification own at least three shares
Of the capital stock OF this company.
The board of directors shall have the pow
| er to elect or appoint such officers or EN-
ployees as IL may deem proper, and 10 nix
| their compensation and the term OF their
| employment and to vest such Of its powers
| in its officers or employees as 1t may deem
proper.
At any meeting OF the board Of directors,
any director absent from the city may be
represented by any other director by writ
ten proxy. who may cast the vote OF the
absent director upon the matters coming
before said meeting. Two 90 directors
shall constitute a quorum for the transac-
ton of all business.
And the board Is specially authorized 10
buy, sell, lease, mortgage or pledge any ana
all property, movable or immOvable as may
be necessary to conduct the business or this
company and TO borrow money and 10 issue
bonds and notes therefor secured or unSe-
cured as IL may deem proper, and to exc
cute such mortgages, pledges or other Sc
curities as IL may deem advisable 10 secure
money borrowed. And the board may dele
gate this, or any other power vested In its
officers without referring to the Sharehold-
ers for authorization or ratification OF said
acts.
president vice-president. a secretary
treasurer and general manager or super
The president, the ylce-president and the
secretary treasurer Of the company shall
be stockholders. The other officers shall
not he required to own stock.
Within thirty 900 days after the signing
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 be
dissolved by the assent Of three-fourths IN
amount OF the issued and outstanding cap
ital stock OF the company al a general
meeting convened for such purpose after
thirty days notice shall have been given
OF such meeting by advertisement in a
newspaper published In the city OF New
Orleans
Article IX-whenever this corporation
shall dissolve, either by liquidation or FOR
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 office
until the affairs OF said corporation shall
have been fully liquldated and In the event
OF the death OF one or more members or
said commissioners, or vacancy otherwise
occurring in their number those who remain
may continue to act as may I'll such va
cancy.
Thus done and passed in my office. at the
city OF New Orleans, on the day, month and
year 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 appearers
and me- notary after reading of the whole.
Original signed: G. r. Hollander and
others. Witnesses G. Blancand Joseph
Armshaw.
w. MORGAN GURLEY. Not. Pub
I, 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
Cane Products Company" was this day
duly recorded in my Office in book No. loss
folio -. New Orleans. La. July ;. 1913
(Signed) EMILE ]. LEONARD d. r.
| hereby certify the above and foregoing
to be a true and correct copy Of the orig
inal act OF Incorporation Of the Cane Pro
ducts Company" together with the certifi-
cate of the recorder of mortgages for the
parish of Orleans, hereto appended, on file
and of record In my notarial Office in tho
city Of New Orleans, Louisiana.
W. MORGAN GURLEY. Not. Pub.
July 10 II "a 81 aug IA 1918