The herald., 1913-08-07

as FIVE thousand dollars tS0,OVO.OO) snai'
All transfers of stock of this corporation
shall be made on the books or the corpora
tion at its domicile in the city Oh Ne" UT
ARTICLE V.-An the corporate powers
of this corporation shall be vested IN DOard
iOf directors consisting OF i've members, three |
Of whom shall constitute a quorum for the |
transaction Of any business, and their acts |
shall be valid and corporate acts.
The first board of directors and othceTS |
shall remain in Office for the term Of two |
wears After the expiration Of said term all
future boards shall be elected annually on |
the first Monday of August or each year
and they shall continue in office for one year,
I or until their successors are duly elecltu ana
qualified.
/ the home OF the corporation under the SUI
perviSiou of two commissioners appointed
/ by the board Of directors. Twenty days no
( tice Of such election shall be given 10 each
stakeholder, by the secretary, by letter ad-
dressed to and mailed TO such stockholders
! at their usual post office address. All cleo
tionS shall be- 10y ballot: majority OF the
votes cast shall elect. One vote SHAH be
allowed for each share represented by the
IhoIdcr in person or by proxy.
Any vacancy occurring in said board OF
directors from any cause shall be hlled ny
the remaining directors for the unexpired
term Failure to hold election shall not
dissolve the corporation. Each board Of di-
rectOrS shall have the power to fix the COM
|penSatiOn of all officers and managers and
clerks and agents. and shall have the power
to suspend or discharge, any officer, manager,
clerk or agent for neglect Of duty or mis-
conduct.
ANY director may. in writing. appoint and
AT his pleasure revoke, proxy TO act for
and represent him in his absence at the
meetings Of the board Of directors, and such
proxies shall exercise all the powers and
privileges OF their constituents; provided
that the persons 50 appointed must be stock
holders.
The board Of directors, with the exception
of the first board, shall at their first meet
ing in each year, elect out of their number
a president and manager, a Vlce-president
and secretary and treasurer.
The following named persons are TO COM
pose the first board of directors, and they
shall hold Office until the first Monday in
August, 1915, or until their successors are
duly elected and qualified: Charles W. Mich
OILS Henry L. Meyers, Victor l.. IL. Robin,
Paul +. Chanute and DR.. Charles V. Kraft (;
with Charles W. Nichols as president and
manager; Henry l.. Meyers, vice-presidenr,
and Victor L. ii. Robin, secretary and treas
urer.
ARTICLE YI-Whenever this corporation
is dissolved, either by limitation or from
any other cause, its affairs shall be liquidat-
ed by three 90 commissioners 10 be appoint
ed for that purpose from among the stock
holders of said corporation, al a general
meeting held for that purpose, after thirty
800 days prior notice given in the same
manner as above provided for the election
of directors, and on the assent Of the ma
ljority in amount Of stock. The said COM
ulSslOhcIS Sudll remain IN charge OF the al
fairs OF the said corporation until fully liqui-
dated. Any vacancy among said liquidatOrS
shall be filled by the remaining liquidators,
who shall continue 10 act during the said
vacancy.
ARTICLE VII-This act of incorporation
! may be changed, altered or amended, or the
p corporation dissolved, by a vote of three
! fOurthS ga in amount of the stockholders
lat a general meeting convened for that pur-
2 pose, after thirty 800 days prior notice Of
J said meeting shall have been given to all the
Z I-T. .sl httItl ar. nh N.I
h ARTICLE NIII-No stockhOlder shall
: ever re held liable or responsible for the
r contracts or faults of this corporation in any
e further sum than the unpaid balance due on
' the shares of stock subscribed by him or
e the organization have the effect OF render
= ing this charter null, or subjecting any
Q stakeholder TO any liability beyond the
D amount of his subscription TO the stock.
Done and passed in my office. at New
: Orleans the day. month and year first above
n written. in presence of MessrS Delvaille II.
f Theard and Frederick Leland, competent
e witnesses, who have signed with the appear.
ers and me, notary, after due reading.
r tOriginal signed) c. W. Nichols, II. T.
r Victor f. II. Robin. Delvaille II. Theard
: frederick Leland
Y CTS. A. LLAMBIAs, Not. Pub.
: /, the undersigned. recorder Of mortgages
S in and for the parish of Orleans state OF
r Louisiana, do hereby certify that the above
t and foregoing act of Incorporation of this
Axleless Wheel Manufacturing Company
: Limited, was this day duly recorded in my
d office, in book loss. folio IA
f New Orleans, August ., 1913.
s (Signed) EMILE j. LEONARD, u. r.
S GUS. A LLAMBIAs,
e aug ii 21 IS sep IL 1913 ''' I "0'