The herald., 1913-12-25

dent, secretary and treasurer. The board
Of directors shall have power to combine the
offices Of secretary and treasurer.
The board Of directors shall appoint from
time TO time such officers and clerks and
agents and employees as they may deem nee
cssary for the purposes and business Of the
corporation, who shall hold Office at the pleas
IRE of the board.
Said board may make, alter and amend any
and all bylaws and regulations proper for
the conduct and management OF the business
and affairs OF the corporation. The board
shall lave power to apply the profits Of the
corporation 10 the promotion OF the business
and affairs thereof to the declaration Of
dividend, or TO both Of such purposes, IT such
profits shall be sufficient 70 that end.
Article NI.-Whenever this corporation may
be dissolved, either by limitation or from
any other cause, ITS affairs shall be hquidatcd
by three COmmi sSionerS to be appointed from
amongst the stockholders at general meet
ing Of stockholders convened for such pur-
pose, and notice OF which shall be given in
the manner and time proyidsd tor stoc khold-
ers' meetings by Article VII Of this charter,
and a majority in amount Of the capital stock
| OF SAID association represented at such meet
| ings shall be requisite to elect. Said com
misSlOnerS shall remain IN ONCE until the
affairs Of the corporation shall have been
! fully Hquidated. In case Of death OF one or
more Of said commissioners, the vacancy shall
| be filled by election Of the surviving com.
Article VII.-Ths act Of Incorporation may
be modified, changed altered, or said cor
| pOTdtlOn may be dlSSOlVcd with the assent
| OF thrce-f0urths OF the capital stock repre-
Sented at a general meeting Of the stock
holders convened for such purposes. after
written notice shall have been given 10 each
stakeholder.
Article VIII-No stakeholder shall ever be
held liable for the contracts or faults Of said
corporation in any further sum than the un.
paid balance due the corporation on shares Of
stock owned by him, nor shall any mere in
tOrmallty IN organization have the effect Of
rendering this charter null, Of exposing
a stakeholder TO any liability beyond the un-
paid amount remaining due his stock.
The subscribers hereto have respectively
written opposite their names the amount Of
/ stock N this corporation subscribed for by
each Of them, 50 that this act Of Incorporation
may also serve as the original subscription
/ list Of said corporation.
! Thus done and passed at my Office in the
/ city OF New Orleans, IN the presence Of
George II. Terriberry and Ferdinand T. Zim-
mcr, competent witnesses, Of lawful age, both
I residing in this city, who hcreuntO sign
their names with said appearers before me,
notary, on the day and date aforesaid.
Original signed: H. Bar'Bowers, 7 shares:
Jas. Denton, shares John J. yoelkel, 7
lahucke, shares; Allen Upper. shares
Victor II. Demoruelle, shares; Warren
kearney shares; T. ". Saimen, shares
". W. YOUNG, Not. FL
|, the undersigned recorder Of mi
IN and Tor the parish Of Orleans,
Louisiana, do hereby certify that "A
and foregoing act Of Incorporation
Building Material Association" waS~pSis
day duly recorded in my office, in book Ill9,
folio --.
lSigned) EMILE J. LEONARD, D. R.
A true copy OF the original.
(Signed) W. w. YOUNG, Not. Pub
dec Is jan IS p % 1914