The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-09

both real and personal property in any of
ARTICLE IV-The capital stock OF this
corporation is hereby fixed at the sum OF
thirty thousand dollars $4,000 00), divid-
ed into and represented by three hundred
1900 shares of stock Of the par value of
one hundred dollars (Sl0000) each, which
said stock may be issued for cash, payable
at such time, in such amounts, and after
such notice to the subscribers may be
fixed by the board OF directors, or 1t may be
issued for labor done or for property actu-
ally received by the corporation. This cor
pOration shall become going concern and be
authorized to do business. as soon thee
thousand dollars (s3 100000 Of its capital
stock shall have been subscribed for.
ARTICLE V-All the powers of this cor
pOration shall be vested in and be exercised
by board of directors, TO be composed of
five stockholders, 10 he elected annually on
the first Monday Of May in each year.
All such elections shall be held by ballot,
and conducted at the Office OF said corpora
tien under the supervision OF a commission
er, to be appointed by the board OF directors.
Notice of such elections shall he given by
the secretary OF the corporation by publics
ton in a newspaper published in the city of
New Orleans: said publication shall appea
at least three times, and said first publica-
ton shall he made at least ten days prior
10 the holding of said elections.
At all such elections and at all corporate
meetings every stakeholder shall be entitled
to one vote for each share OF stock standing
to be cast In person or by his written proxy.
and a majority Of the votes cast shall elect
Any vacancy occurring among the direc-
tors by death. resignation, or otherwise,
shall be filed for the remai nder of the term
by the remaining directors.
failure TO elect directors on the date
above specified shall not dissolve the corpo-
ration, nor impair its corporate manage
ment: but the directors then In Office shall
remain in office until their successors shall
be elected and qualified.
H. - N
among their number a president, who shall
also act as treasure vice-president and
secretary. They may, from time to time,
name and appoint all such other officers and
agents as they may deem necessary for the
purposes and business of the corporation.
They shall have power to fix and define the
duties of every officer and employe, and all
officers and employees shall hold Office and
employment at the pleasure of the board.
The board of directors may make and estab-
fish. as well as alter and amend, any and
all bylaws rules and regulations necessary
and proper In their Judgment for the proper
conduct. support and management OF the
business and affairs of the corporation.
The board of directors shall have full pow
er and authority 10 borrow money, to exc
cute mortgages, and create liens: to issue
bonds, notes, and other obligations, and gen.
orally TO do all things reasonable convent
ept, and necessary for the proper conduct of
the business OF the corporation.
The board OF directors may issue full paid
shares of stock of the corporation for cash.
or in payment of labor done. or property
actually received by the corporation.
Every member of the board of directors
In case Of his absence from the state OF Lou
lsiana, or the city Of New Orleans. at aRy
time, shall have the right to name and ap-
point, In writing, proxy to represent him,
and to sit and vote In his place and name at
all meetings Of the board, which may take
place during his absence as aforesaid.
ARTICLE VI-Whenever this corporation
shall be dissolved, either by limitation or
&c aH afr oho1 L.
liquidated by three commissioners. to be ap-
pointed from among the stockholders at a
meeting of the stockholders convened for
such purpose. OF which meeting notice shall
be given for ten days by written notice sent
by registered mail to each stakeholder at his
last known address, and by publication in t
least one newspaper in the city OF New Or
leans during such time, and a majority In
amount Of the capital stock of said corpora
ton represented at such meeting, shall be
requisite TO elect. Said commissioners shall
remain In Office until the affairs OF the cor
poration shall be fully liquidated. In case
Of the death of any commissioner, the sur
viving commissioners shall fill the vacancy.
ARTICLE VII-This charter may be mod
He'd, changed or altered, or 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 such purpose, and after notice shall have
lished in the city Of New Orleans once a
week for four weeks preceding the meeting
and by written or printed notice to each
stakeholder. mailed to him thirty DAYS prior
to the date of the meeting. at the post ONCE
address designated by him in writing ANY
changes proposed or made In reference TO the
capital stock shall be made in accordance
with the laws OF the state of Louisiana on
the subject OF altering the capital stock OF
corporations.
ARTICLE vIII-No stockholders shall
ever be held liable for the contracts or the
faults of said 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-
tion have the effect of rendering the charter
null, or Of exposing a stakeholder to any liza
bilty beyond the unpaid balance which NAV
be due on his subscription to stock
ARTICLE IX-The following stockholders
have been chosen and selected as the first
board Of directors OF this CORPORATION, TO-
wit: W. Stanley Bender ]. Toby Orillion.
Thomas NJ. Gotten, Jas. A. Kaufman, and
Philip Gensler, Jr., who shall serve as such
until the first Monday In MAY. 1914, or un-
til their successors are elected and qualified /:
and said W. S. Bender shall act as presi-
dent and treasurer: said ]. T. Orillfon as
vice-president and said T. NJ. Gotten as sec
rotary; and shall serve as such until their
successors shall be chosen and qualified as
hereinbefore specially provided.
The subscribers hereto have resnectiyeIv
written opposite their names the amount OF
stock In this corporation subscribed for by
each OF them, 50 that this act of incorpors-
tion may also serve as the original subscrip-
ton list of said corporation
Thus done and passed at nv office In the