The herald., 1913-02-06

COmDanV. and thp OfnPT
of shall have the first privilege of purchas-
ing same after which thirty days notice,
the said stock may be sold in open market
The stock of said corporation may be trans
ferred under the above provisions, provided
such transfer thereof be made on the books
of the company, at its office. and on the
surrender of the certificate therefor.
This corporation shall commence doing
business as soon As two thousand tS2oOOJ
dollars of the capital stock shall have been
subscribed for The board Of directors shall
have the right 10 determine how much stock
shall be issued
ARTICLE ".
The corporate powers of this company
shall be vested in and exercised by a board
Of three directors, consisting of the prSei-
dent, secretary treasurer and one StockhOld-
or. Two Of said board shall constitute a
quorum for the transaction of business. The
following shall constitute the first board Of
directors Jourdan J. HuraS, president John
l.. BuraS, secretary treaSurer.
No person shall be eligible as n director
who is not a StockhOldcr of this corporation
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 lie
elected each year Notice of such election
shall be given by three days publication i'm
mediatcly preceding such election in one Of
the daily English newspapers of this city.
Any failure from any cause whatsoever TO
purpose shall not dissolve the corporal ion
but the directors then in office shall hold
over until their successors are chosen. At
every election and meeting each StOckhOlder
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 MI 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, mana ge
and use the same as In their discretion they
may deem fit and that is consistent with
the objects Of this corporation, or the well
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 busines.
ARTICLE VI.
This charter may be changed, modified or
amended, the capital stock increased or de
creased, or same may be dissolved a a 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
pOrati0n by limitation or otherwise the Ii
quotation OF its affairs shall be conducted
by three commissioners, selected from the
STOCKHOLDERS, at meeting called Tor tnat
purpose as above set forth. Said commits
siOners shall remain in office until the affairs
OF said corporation shall have been fully
llquidated. In case of death of one or
more OF said commissioners, the survivors
or survivor shall continue to act.
ARTICLE VII.
No stOckhOlder 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 un-
paid balance, IL any, of his stock.
Thus done and passed. at my nOtarial of
fee 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 a due read
ing of the whole.
Signed Jordan ]. Buras, Jno L. Buras,
Witnesses: Albion Middleton, Geo Walter.
+. \. MIDDLETON.
Notary Public
l, 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 the
J. ]. Buras Company, Limited. was this day
duly recorded In my office, in book 1865,
folio I94.
(Signed) EMILE LEONARD. by. II.
New Orleans. La. Jan. Q, 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
EOtarial office.
F. A. MIDDLETON.
jan 16 % 80 feb 13 20 1918