The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-10

sand 1910 600 OO) dollars of its capital
stock shall have been subscribed Tor, ana
this charter signed and executed by the In
Article IV-All the corporate powers of
this corporation shall be vested in and ex-
ercised by a board of five TO- directors, 10
be composed of stockholders, three 90 OF
whom shall constitute quorum for trans
acting all business. The board of directors
shall be vested with full power and author,
itv TO make all contracts, purchases ana
sales and adopt all bylaws rules and reg
ulations for the government of the business
and affairs of the company, and alter, amend
and change the same at pleasure; appolnt
hire and discharge all officers, agents ana
employees. fix all salaries, and generally do
and perform all things necessary In the
transaction of the business and AFFAIRS or
the company. Any vacancy occurring IN
said board shall be filled by the remaining
directors in the manner provided for IN the
bylaws.
The first board of directors of this cor
poratiOn shall consist of Edward Wisner,
A T. Dusenbury, A. r. Graves, Pierre Jack
son and W. Il. Pennington, with the said
| Edward Wisner as president, A. L. Dusen'
| bury as vice-president, a. Il. Graves as sec
rotary and Pierre Jackson as treasurer who
shall hold their offices until the third Mon
day in January, 1914, or until their success
sors are duly elected and qualified.
On the third Monday in January, 1914,
! and annually thereafter an election for di-
| rectors shall be held at the Office of the COM
pany under the supervision of three com
| missioners to be appointed by the president
| and the directors then elected shall take
| their seats Immediately and shall hold OF.
flee until their successors are duly elected
and qualified. Each board shall elect lis
own officers. which shall consist of presi
dent, a vice-president, a secretary and q
= treasurer; two or said onlceS may De helu Dy
the same person.
/ All corporate elections shall be by ballot
/ and a majority of the votes cast shall elect
and at all stockholders meetings held FOL
| any purpose, each share OF stock shalI D,
f! entitled to one vote, either in person or by
proxy, by the person In whose name SAINT
Is registered on the books of the company
and the board of directors may close thu
| stock transfer books for a period not ex
ceedng thirty days before any meeting.
Written notice OF stockholders meeting
shall be given to each stakeholder by thu
secretary at least ten (10) days prior {,
elections. by mailing same. postage prepaid
to his last known post office address.
The board of directors shall have power t,
establish stock transfer agencies, under rea
sonable rules and regulations, in the cit!
Of New Orleans, Louisiana, and at sucl
other places as they may deem necessary a
the business OF the corporation shall re
quire.
Article V.-This act of incorporation ma.
be changed, altered or modified, or the cor
poration dissolved, with the assent of three
fOurths (3-4) of the stock present or repre-
scented at afy general meeting of the stock
holders convened for that purpose afte
thirty 800 days prior notice of such meet
ing shall have been given by publication i
one of the daily newspapers published Il
the city of New Orleans, by five t5) publ
cations during said period, and such change
as may be made in reference to the capita
stock shall be made in accordance with tn
then existing laws on the subject.
Article IV.-Whenever this corporation
dissolved either by limitation of its char
ter or from any cause, its affairs shall b
liquidated by three (3) commissioners to
appointed from among the stockholders a
meeting of the stockholders convened 70
that purpose after thirty (30) days prio
notice shall have been given by the secre
tary to each stakeholder. Said commits
sioners shall remain In office until the al
fairs of said corporation shall have bee
fully liquidated In case of death of eithe
commissioner, the survivors shall continu
to act.
Article Vino stockholders of this col
poration shall ever be held liable or re
sponsible for the contracts or faults thereo
In any further sum than the unpaid balanc
due to the corporation on the shares owne
by him, nor shall any mere informality 4
organization have the effect of renderin
this charter null, nor of exposing a stoci
holder to any liability beyond the amour
OF his stock.
The subscribers hereto have each write
opposite their names the number of share
subscribed for, so that this act may ais
serve as the original subscription list.