The herald., 1913-05-22

holders OF this corporation, any two OF
whom shall constitute a quorum Tor the
transaction OF the business and afalrS or
This company The board Of directors shall
be elected annually on the first Monday OF
June The first board of directors snail De
elected nj a meeting of stockholders 10 be
held Immediately after the signing and re-
cording of this charter. The board OF Ill
rectOrS shall elect from its number, preSl,
dent a vice-preSidcnt and secretary ana
treasurer. All directors shall hold Office
until their successors are elected and quail
fed and all elections shall be- by ballot al
the office of this corporation under the Su.
pcrviSion of three commissioners appointed
by the said board Of directors. Such cleo
ton shall not De held without notice of
ten days in writing, to each Stockholders. al
his last known address. Each stakeholder
shall be entitled To one vote for each and
every share Of stock standing in his name
on the books Of tn" corporation. 10 be east
in person or by proxy in writing. and a ma
ioritv Of votes east shall elect. The direC-
tors shall ill any vacancy in their number
bv election by IN" remaining directors. Each
director must own AT least one share Of
stock. Each director shall have power 10
appoint in writing proxy TO represent him
on the said board of directors. said proxy
to DE a stakeholder in this corporation. All
powers vested in this corporation are 10 be
exercised 10y the said board Of directors.
ARTICLE NI-Whencver this corpora
tiOn shall be dissolved either by limitation
or otherwise. its affairs shall be liquidat"d
by three commissioners to be appointed bv
the stockholders convened i'm general meet
ing. of which said meeting, said StockhOld-
erS shall he given notice "a provided in sec
tion VII OF this charter, and 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 NIl.-'ThiS act Of Incorporation
may be modified, changed or altered or the
said corporation may DO dissolved with the
| assent of three fourthS of the capital stock
pDr tod III
stockholders convened for that purpose. and
after notice shall have been given 10 each
and every stakeholder by written notice to
him addressed to his last known address
mailed 10 the said address ut least ten days
prior To the date OF said general meeting.
ARTICLE NlII-NO stakeholder shall
ever be held liable for the contracts or
faults or this corporation in any further
sum than the unpaid balance du" 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
I ter null or Of exposing any stakeholder 10
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 nv
/ office. on the day and date aforesaid. in the
presence of MeSsrS T. VI. Robert and f..
blanchard. competent witnesses who have
hereunto signed their names with me. said
| notary. and the said appearers, after a due
| reading Of the whole
| tSlgnedD lac. II. Stern. and others.
! witnesses f. blanchard. f. " Robert
| tScaD SCOTT f. BEER Not PUb
|, the undersigned recorder of mortgages
| in and for the parish of Orleans. state OF
| Louisiana do hereby certify that the above
and foregoing act of Incorporation of Storms
Auction Exchange was this dav duly record
ed in my office in book loss. folio 40
| New Orleans. La. May Is. 1913
! tSignedD EMILE ]. LEONARD, u. II.
| This is 10 certify that the above is a true
and correct copy Of the original charter Of
| record in NV current documents with the
| certificate of the recorder Of mOrtga geS in
and for the parish Of Orleans: all with the
exception of the names Of the subscribers.
| In faith whereof | hercunto sign NV
name and afiix my seal, this 10Th day OF
! Nav. 1913.
tScal SCOTT +. BEER. Not. Pub
may % - june ) IL 10 90