The herald., 1913-10-02

both real and personal property in any Of
ARTICLE Iy-The capital stock OF this
corporation Is hereby nIed at the sum OF
thirty thousand dollars $3.50, 900. 00), diyid-
ed into and represented by three hundred
1900 shares of stock Of the par value OF
one hundred dollars (S10oe0) 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
fIed by the board OF directors, or II may be
issued for labor done, or for property sctu-
ally received by the corporation. This GER
poration shall become going concern and be
authorized to do business, as soon as thee
thousand dollars (s3,OO0.00l Of its capital
stock shall have been subscribed for.
poration shall be vested IN snd be- Exercised fa
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 once of said corpora
tion under the supervision OF a commission
er, to be appointed by the board Of directors.
the secretary Of the corporation by publics-
ton in a newspaper pubiished In the city Of
New Orleans; said publication shall appear
at least three times, and said first pubica-
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 drec-
tors by death, resignation. or otherwise,
shall be filled 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
remain In ofice 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
a secretary. They may. from time to time,
name and appoint all such other officers and
agents IS they may deem necessary for the
purposes and business Of the corporation
They shall have power TO Ak and define the
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 DOW
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
ent, and necessary for the proper conduct of
the business of the corporation.
The board of directors may issue full paid
shares Of stock Of the corporation for cash.
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 APP
point. In writing, proxy to represent him,
and to sit and vote In his place and name at
al meetings OF the board, which may 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
fOrnf dot aI 1w-A - t.
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 mall 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 ONCE until the affairs of the cor
poration shall be fully liquidated. In case
or the death OF any commissioner, the sur
vivlng commissioners shall fill the vacancy
ARTICLE VII-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
for such purpose, and after notice shall have
been given In one or more newspapers pub
lished In the city of New Orleans once
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
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
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 Orillion
Thomas M. Gotten, Jas. A. Kaufman, and
Philip Gensler, Jr., who shall serve as such
until the first Monday In May. 1914, or I'M
I'll their successors are elected and qualified;
dent and treasurer said ] T. Oriilion 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, 50 that this act of incorpora-
ton may also serve as the original subscrip-
ton list of said corporation.
Thus done and passed at nv ONCE IN the
city Of New Orleans in the presence OF A.
Miles Coe and Paul Chasez, competent wit
nesses, who hereunto sign their names with
the said appearers and subscribers and me
notary, on the day, month and wear hrsf