The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-23

both real and personal property in any OF
said states or territories.
ARTICLE IV-The capital stock OF this
corporation IS hereby fixed at the sum OF
thirty thousand dollars 100000 00), divid
ed into and represented by three hundred
t3OOl shares OF stock OF the par value OF
one hundred dollars (Sl00.0O) each, which
said stock may be issued for cash, payable
at such time, In such amounts, and after
such notice to the subscribers as may be
fixed by the board OF directors or It may be
issued for labor done, or for property actu-
ally received by the corporation. This cor
poration shall become going concern and be
authorized to do business, as soon as thee
thousand dollars 3000.00) of its capital
stock shall have been subscribed for
ARTICLE E-AIl the powers of this cor
poratlon shall be vested In and be exercised
by board OF directors, to be composed OF
five stockholders, TO be elected annually on
the first Monday Of May in each year.
All such elections shall be held by ballot,
and conducted at the offce OF said corpora
tiOn under the supervision OF a 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-
ton shall be made at least ten days prior
10 the holding Of said elections
At all such elections and at all corporate
meetings every stakeholder shall be entitled
10 one vote for each share of stock standing
In his name on the books of the corporation,
to he 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,
snail be hlIed for the remainder Of the term
by the remaining directors.
a failure TO elect directors on the date
above specified shall not dissolve the corpo-
ration, nor impair It's corporate manage
ment, but the directors then In office shall
remain In Office 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; a vice-president and
a 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 to fix and define the
duties of 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-
fish; 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 mana cement 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
orally to do all things reasonable. convent
ent, and necessary for the proper conduct of
the business OF the corporation.
Inc board OF directors may issue full paid
shares or stock OF the corporation for cash.
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 Lon,
isiana, or the city OF New Orleans. at anv
time, shall have the right to name and an
point. In writing, a proxy to represent him.
ana to SIT and vote In his place and name at
all meetings OF the board, which may take
place during his absence as aforesaid
ARTICLE VI-Whenever this corporation
shall he dissolved, either by limitation or
from any other cause. its affairs shall be
liqudated 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
he 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 a majority in
amount or 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
Pc pSr an shan be fully llq1idated. In case
viving commissioners shall fill the vacancy
. ARTICLE V1I-This charter may be 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
Tor such purpose, and after notice shall have
1een given In one or more newspapers pub
ished in the city OF New Orleans once a
week for four weeks preceding the meeting.
md by written or printed notice TO each
'tockholder. mailed to him thirty DAYS prior
% the date of the meeting. at the post ONCE
address designated by him In writing. Any
manages proposed or made in reference to the
,apttal stock shall be made In accordance
With the laws of the state OF Louisiana on
ne subject OF altering the capital stock OF
ARTICLE vIII-No stockholders shall
yer he held liable for the contracts or the
aults of said corporation In any further
um than the unpaid balance due the corno-
alton on the shares Of stock owned by him
Tor shall any mere informality in orgapiza-
Ion have the effect Of rendering the charter
lulI or or exposing a stakeholder to any la |
'ilty beyond the unpaid balance which NAV
'e due on his subscription to stock.
ARTICLE IX-The following stockholders
AVE been chosen and selected as the first |
I'd Of directors OF this corporation. to- i
VT vi w Stanley Bender, J. Toby Orillion, |
Thomas NJ. Gotten, Jas. A Kaufman. and |
'hilip Gensler. Jr, who shall serve as such |
NTH the first Monday in May. 1914. or un- |
II their successors are elected and qualified |
nd said W. s. Bender shall act as presi. |
lent and treasurer: said J. T. Orillion as |
ice-president and said T. NJ. Gotten as sec |
etary and shall serve as such until their |
ereinbefore specially provided.
The subscribers hereto have respectively |
Irltten opposite their names the amount OF |
took In this corporation subscribed for by
ach or them, so that this act of incorpora-
Ion may also serve as the original subscrip-
Ion list Of said corporation.
Thus done and passed at nv office In the
ity or New Orleans In the presence Of A.
illes Coe and Paul Chaser, competent wit
ne said appearers and subscribers, and me.
otary, on the day. month and wear 6rs;