The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-10
he objects and purposes hereinabove

the objects and purposes hereinabove
set forth.
ARTICLE III-The capital stock of
this corporation is hereby hXed az the
sum of one Hundred Thousand Dollars
(s1O0. O0O. 0O) to be represented by 1000
shares OF the par value OF $4,000 each,
payable in full at the time OF the sub
Scription. The Board of Directors snail
have the right TO issue shares of stock
only for cash, services rendered, mer-
chandise, property, or other Vaiuaole
considerations. as they may see Mt.
ARTICLE IN-The corporate powers
OF this corporation shall be vested in
and exercised by Board OF Directors
three in number. selected from the
stockholders of this corporation, and
consisting of a President, Vice Presi-
dent and Secretary-Treasurer, any Two
Of whom will constitute quorum Tor
the transaction of corporate business.
The first Board of Directors shall be
elected at a meeting of stockholders to
be held after the signing of this char
ter Said Board of Directors and Off
GERS shall remain and hold office for
one wear from the date of their cleo
ton. or until their successors have been
duly elected and qualified. which cleo
ton shall take place on the third Mon
day in June, 1914, and annually there
after The election for directors shall
be by ballot, and the majority in
amount of stockholders voting, wheth-
er present or by proxy, shall elect the
persons for whom they are cast. Each
share of stock voted upon to be count
ed for one vote. After each election,
the Board shall elect from their own
number the officers above named.
The Board of Directors shall give at
least ten days notice by mail Of the election
of directors and shall appoint one or
more, stockholders to preside at suen
whatsoever to elect directors on the
day named for that purpose shall not
dissolve this corporation, but the direc,
tors and officers then in office. shall
hn1 successors
chosen and qualified.
The Board of Directors shall have
full power and authority to NIL va
cancies in their number caused by
death. resignation. or otherwise The
said board is further authorized TO
frame and adopt such bylaws, rules
and regulations as the affairs and bust
ness of the company may require, and
il may deem necessary for the conduct
ing and management thereof, provided
the same does not conflict with TINS
charter, and the laws of the state OF
Louisiana, and those of the United
States: to name and appoint general
manager, fix his compensation and
terms of employment, as well as other
agents, employees, as IN It's discretion
may seem fit and proper.
The Board of Directors is specially
vested with the power to acquire ana
purchase such property or business, or
good WILL or all of these from individ-
uals or firms. or other corporations as
said Board OF Directors may deem ad-
visable and proper. whether the same
be real or personal properly, ana al
such prices and on such terms as they
think best, and to pay therefor In the
full paid capital stock of the corpora
ton. This power to purchase and &C.
uuire to be exercised by the said board
without the necessity of referring to
the shareholders for authorization.
ARTICLE V-This charter may De
amended. modified or altered, or this
corporation dissolved, at general
meeting of the stockholders convened
for that purpose with the assent of the
majority of the stock which may be Is
sued. present or represented at sucn
meeting. Thirty days notice by mail
shall be given Of such meeting; in case
OF dissolution or termination OF this
corporation, the liquidation OF It's az
missioners selected in like manner and
by like vote and assent at meeting
called as above for that purpose.
ARTICLE VINO stockholder shall
debts. contracts or faults of this cor
poration for any further sum than the
unpaid balance due on the shares or
stock subscribed for or owned by MN;
ization have the effect of rendering this
charter null. or of exposing a stock
holder to any liability beyond the
amount of the unpaid balance on his
subscription to the stock.
ARTICLE VII-Should any stock
holder or stockowner desire to sell
or dispose OF all or any part Of said
stock or relinquish his interest IN the
corporation or desire to terminate or
dissolve the same. he shall first tender
such stock, for purchase, to the other
stockholders and the other stockhold-
ers shall have the preferred right for
sixty days, to purchase the stock so
rendered at the price shown by the
books Of the company. All stock Is.
sued. or to be issued. shall be subject
to the foregoing provision.
ARTICLE VIII-The capital stock OF
this corporation may be increased or
decreased on complying with the re
auirements of the law. and with sueh
bylaws as may be consistent with the
law, as may be hereafter adopted by
the Board of Directors.
ARTICLE IX-This corporation shall
be a going concern, and be authorized
to do business under this charter as
sand Dollars ($35.000.00) Of its stock
shall be subscribed for.
Thus done and passed in my notarfal
office on the day and date first above
written, in the presence OF Messrs. i.
A. Schuber and w. Conkerton, both