The herald., 1913-02-20

ferred under the above provisions, provided
such transfer thereof be made on the books
of the company, at its ONCE, and on the
surrender of the certificate therefor.
This corporation shall commence doing
business as soon as two thousand (S2,OO0)
dollars Of the capital stock shall have been
Subscribed for The board of directors shall
have the right to determine how much stock
shall be issued.
ARTICLE ".
The corporate powers OF this company
shall lie vested in and exercised by board
OF three directors, consisting of the prsei-
dent, secretary treasurer and one stockhold-
er. Two of said board shall constitute a
quorum for the transaction of business. The
following shall constitute the first board of
directors JOurdan ]. Buras, president, John
l.. Buras, secretary-treasurer
No person shall be eligible as n director
who is not stakeholder of this corpora ton
Said board shall continue In office until the
second day of January, 1914 on which date,
and annually thereafter on the second day
of January, the board of directors shall be
elected each year. Notice of such election
shall be given by three days publication I'M
mediately preceding such election in one of
the daily English newspapers OF this city
Any failure from any cause whatsoever to
elect directors on the day named for that
purpose shall not dissolve the corporation.
but the directors then in office shall hold
over until their successors are chosen. At
shall be entitled to vote for each share of
stock registered in his name and may vote
by proxy. The election of the directors
shall be by ballot.
ARTICLE v.
The board of directors shall have full
power to fill vacancies caused by death, res
ignation, or otherwise, from among the
stockholders of said corporation. Said board
shall have full control of the property of
this company, and shall so conduct, manage
and use the same as in their discretion they
may deem fit, and that is consistent with
the objects Of this corporation, or the wei
fare of same. Said board of directors shall
employ all officers or agents, servants or
clerks they may deem necessary for the
conduct Of said bushes.
ARTICLE VI.
This charter may be changed. modified or
amended, the capital stock increased or de-
creased, or same may be dissolved at gen
eral meeting of the stockholders convened
for the purpose, with the assent OF three
fourths OF the capital stock present or rep
resented at such general meeting. In case
Of dissolution or termination of this cor
poratiOn by Limitation or otherwise the IL
quotation of its affairs shall be conducted
by three commissioners. selected from the
stockholders, at a meeting called for that
purpose, as above set forth. Said commits
sioners shall remain in office until the affairs
OF said corporation shall have been fully
more of said commissioners, the survivors
or survivor shall continue TO act.
ARTICLE VII
No stakeholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due the COM
pany on the shares of stock subscribed for
or owned by him; nor shall any informal
ity in organization have the effect OF rem
dering this charter null, or of exposing the
stockholders to any liability beyond the IN
paid balance, If any, Of his stock
Thus done and passed, at my nOtarial of
flee In the parish of Jefferson, on the day
month and year first above written, in the
presence of Albion Middleton and George
Walter. competent witnesses Of lawful age
and residents of this parish, who hereunto
sign their names, together with the said
appearers and me, notary, after due read
ing of the whole.
Signed: Jordan J. Buras, Jno. L. Buras
Jr., Jos. MonteleOne
Witnesses Albion Middleton, Geo Walter
+. A. MIDDLETON
Notary Public
I, the undersigned recorder of mortgas es
in and for the parish of Orleans. state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation OF the
J. ]. Buras Company, Limited, was this day
duly recorded in my office, in book 1865,
folio 194.
(Signed) EMILE LEONARD, by. II.
New Orleans, La. Jan. O. 1913.
| hereby certify that the above and fore
going is true and correct copy of the orig
inal instrument on file and of record in my
notarial Office.
F.A. MIDDLETON,
jan 10 % 80 feb 10 20 1918