The herald., 1913-07-24

stock shall have been subscribed for, and
this charter signed and executed by the in
corporatorS.
Article Iy-All the corporate powers of
this corporation shall be vested in and ex-
ercised by a board of five 90 directors TO
be composed Of stockholders, three CD of
whom shall constitute quorum for trans
acting all business. The board OF directors
shall be vested with full power and author
ity to make all contracts, purchases and
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; appoint,
hire and discharge all officers, agents and
employees, fix all salaries, and generally do
and perform all things necessary in the
transaction OF the business and affairs of
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. 7. Dusenbury, A. B. Graves, Pierre Jack
son and W. X. Pennington. with the said
Edward Wisner as president, A. T. Dusen.
bury as vice president, A. B. 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
On the third Monday in January, 1914,
and annually thereafter, an election for d.
rectors shall be held at the Office of the COM
pany under the supervision Of three CON-
HlSSlOuerS 10 De appointed DIV the president
and the directors then elected shall take
their seats Immediately and shall hold Of
nee until their successors are duly elected
and qualified. Each board shall elect its
own officers, which shall consist of a presi-
dent, vice-president, secretary and n
treasurer; two Of said offices may be held By
the same person.
All corporate elections shall be by ballot,
and majority of the votes cast shall elect,
and at all stockholders meetings held for
any purpose, each share of stock shall be
entitled to one vote, either In person or nv
proxy. by the person In whose name same
IS registered on the books Of the company,
and the board of directors NAV close the
stock transfer books for a period not ex.
ceeding thirty days before any meeting.
Written notice Of stockholders meetings
snaII De given to each stakeholder by the
secretary at least ten (1O) days prior TO
elections, by mailing same, postage prepaid.
to his last known post office address.
The board Of directors shall have power to
establish stock transfer agencies, under rea-
sonable rules and regulations. In the civ
Of New Orleans, Louisiana. and ar sncb
other places as they may deem necessary as
quire. ''"ii io-
Article V.-This act of Incorporation NAV
poration dissolved, with the assent OF three
1ourths (3-4) Of the stock present or repre-
Sented at any general meeting of the stock
holders convened for that purpose after
wv udyo PRIOR notice or such meet
ing snail have been given by publication in
one OF the daily newspapers published in
the city OF New Orleans, by five C5) publi-
cations during said period, and such Changes
as may be made In reference to the CAPITAL
STOCK snail be made In accordance with the
then existing laws on the subject.
, Article lV.-Whenever this corporation ia
dissolved tas either by limitation of its char
,er or from any cause, its affairs shall he
Ilquidated by three (3) commissioners TO he
appointed from among the stockholders sf
a meeting or the stockholders convened for
that purpose after thirty go, days' nrior
notlce shall have been given by the secre.
tary to each stakeholder. Said commits
sloners shall remain In office until the AZ.
Iairs or said corporation shall have bean
1ully liquidated In case of death OF either
to act SNAIL CONTINUE
Article Vino stockholders Of This cor-
poration shall ever be held liable or re.
sponsfDle for the contracts or faults therao,
IN any further sum than the unpaid haIa me-
Su 10 the corporation on the shares owned
oy MN, nor shall any mere informality in
organization have the effect of renderino
TINS charter null, nor Of exposing a stocF'
holder to any liability beyond the amount
Inc subscribers hereto have each vritt.n
opposite their names the number OF abs re
subscribed for, so that this act NAV sise
serve a. the original subscription 1T. a'0