The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26

shall be entitled to one vote for each and
every share of stock standing In his name
in person or by proxy in writing, and ma
jority OF votes cast shall elect. The direc-
tors shall fill any vacancy in their number
bv election by the remaining directors. Each
director must own at least one share OF
stock. Each director shall have power 10
appoint in writing a proxy to represent him
on the said board of directors said proxy
to be a stakeholder in this corporation. All
powers vested in this corporation are TO be
exercised by the said board of directors.
ARTICLE VI-Whenever this corpora
tion shall be dissolved, either by limitation
or otherwise, its affairs shall be liquidated
by three commissioners to be appointed by
the stockholders convened In general meet
ing, of which said meeting, said stockhold-
ers shall be given notice as provided in sec
ton VII OF this charter, and a majority in
amount Of the capital stock represented at
the said meeting shall be requisite to elect
and determine. Said commissioners shall
remain in Office until the affairs of the cor
poration shall have been fully liquidated.
ARTICLE vII.-This act OF Incorporation
may be modified, changed or altered, or the
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 that purpose, and
after notice shall have been given to each
and every stakeholder by a written notice to
mailed to the said address at least ten days
prior to the date Of said general meeting.
ARTICLE VlIl.-N0 stakeholder shall
ever be held liable for the contracts or
faults of this 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-
ton have the effect of rendering this char
ter null or of exposing any stakeholder to
any further liability than the unpaid
amount due on his stock subscription.
The list Of subscribers annexed hereto
shall serve as the original subscription list
Thus done and passed in this city, in my
office. on the day and date aforesaid. in the
presence of Messrs. Z. VI. Robert and E.
Blanchard, competent witnesses who have
hereunto signed their names with me, said
notary. and the said appearers, after a due
reading of the whole.
(Signed) JAG. III. Stern, and others
| (Witnesses) E. Blanchard, f. NJ. Robert
| (SeaD SCoTT f. BEER, Not. Pub
I, the undersigned recorder OF mortgages
In and for the parish Of Orleans, state Of
Louisiana, do hereby certify that the abov,
and foregoing act of Incorporation of Stern:
Auction Exchange was this day duly record
ed in my Office in book 1883, folio 440.
| New Orleans, La, May 10, 1913.
| (Signed) EMILE J. LEONARD, d. R
This is to certify that the above IS tru,
and correct copy Of the original charter o.
record In my current documents, with tn,
certificate Of the recorder Of mortgages II
and for the parish Of Orleans; all with thu
exception of the names of the subscribers.
In faith whereof I hereunto sign m!
name and afix my seal, this 18th day o
May. 1913.
(SeaD SCOTT E. BEER, Not. Pub
may % "a June y 10 26