The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11

Notice of such election shall be given by
the secretary of the company by publication
for not less than ten days prior thereto In
a newspaper published in the city OF New
Orleans
At all such elections and at all corporate
meetings, every stakeholder shall be entitled
to one vote for each share OF stock stand
ing in his name on the books OF the com
pany, to be cast In person or by his written
proxy, and majority of the votes cast snail
elect
Any vacancy occurring among the direc
tors BY death, resigna ton or otherwise, shall
be filed by election for the remainder OF
the term by the remaining directors.
A failure to elect directors on the date
above specified shall not dissolve the c0rpOr-
alton, nor impair its corporate management,
but the directors then in office shall remain
In Office until their successors are elected and
qualified.
for the transaction of any business.
The board of directors shall elect from
their own number president and yice-pres-
ident They shall also elect a secretary
who may or may not be member Of the
board. They may, from time to time, name
and appoint all such other officers and agents
as may be deemed necessary for the pur-
pose and business of the corporation. They
shall have power to fix and define the du-
ties Of every officer and employe. and all Of
ficers and employees shall hold Office and en-
ployment at the pleasure of the board. The
board may make and establish, as well as
alter and amend, any and all bylaws, rules
and regulations necessary and proper In Its
Judgment for the conduct support and man
agement of the business and affairs Of said
corporation.
The board shall have full power and au-
thorty to borrow money, to execute mort
cages and to create liens; to issue bonds.
notes, and other obligations and generally
to do all things reasonable, convenient and
necessary for the proper carrying on of the
business of the corporation. 1t is author
lied to acknowledge the rights of those with
whom II will transact business 1t Is au-
thorized to acknowledge all privileges: ven
doris privileges and others.
The board may issue full-paid shares OF
stock for cash, or in payment OF labor done
or property actually received by said cor
| poration.
| point in writing a proxy to represent him
| at all meetings OF the board.
Article vI-whenever this corporation
may be dissolved, either by limitation or
| from any other cause, its affairs shall be
| liquidated by three commissioners, to be
appointed from amongst the stockholders at
| a general meeting Of the stockholders con-
| vened for such purpose. Of which meeting
notice shall be given In the manner and time
| provided for stockholders meetings by Arti-
| Gle VII of this charter, and majority In
| amount Of the capital stock of said COM
pany represented at such meeting shall be
requisite to elect. Said commissioners shall
remain in Office until the affairs of said cor
poratlon shall have been fully liquidated. In
case of death Of one or more Of said COM
missioners the vacancy shall be filed by
election by the surviving commissioners.
Article VII.-This act of Incorporation
may be modified, changed or altered, or said
corporation may be dissolved with the assent
Of three-fourths of the capital stock repre-
sented at a general meeting Of the stock
holders convened for such purpose, and after
notice shall have been given In one or more
newspapers published In the city Of New
Orleans, once a week for four weeks pre-
ceding the meeting and by written notice
| to each stakeholder mailed to him thirty
| days prior to the date OF meeting, at the
post Office address designated by him In
writing.
Any change proposed or made in refer
ence 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 VIlI-No stakeholder shall ever
be held liable for the contracts, debts or
faults Of said corporation in any further
sum than the unpaid balance due the cor
! poration on the shares Of stock owned by
him, nor shall any mere informality in or
ganization have the effect Of rendering this
charter null, or Of exposing stakeholder
to any liability beyond the unpaid amount
remaining due on his stock.
| Article IX-Chas. II. Cans, Sias /. Hy-
man and S. L. Hitler have been chosen and
selected as the first board of directors OF
| this corporation, with Chas. III. Cans as
president, Silas /. Hyman as vice-president,
| =. u. -
such until the second Monday In October,
1914, or until their successors shall have
been elected and qualified.
The subscribers hereto have respectively
written opposite their names the amount OF
stock In this corporation subscribed for by
each Of them. so that this act Of incorpora-
tion may tlso serve as the original subscrip-
| tion list of said corporation.
Thus done and passed at my office In the
city of New Orleans, In the presence OF
| Messrs. z. NJ. Robert and c. W. Mcdonnell
competent witnesses, of lawful age, both
Of this city, who hereunto sign their names
with the said appearers and me, notary, on
the day and date aforesaid, after due reading
I Of the whole.
Signed Silas I. Lyman, 10 shares Chas
| II. Cans, 10 shares; S. La Hitler, 10 shares.
Witnesses: E. NJ. Robert, c. W. Melon
nell.
SCOTT E. BEER, Not. Pub
i, 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 union
Land Company" was this day duly recorded
| in my Office, In book 1858, folio :.
New Orleans. La, August 4, 1913.
EMILE J. LEONARD, ID. r.
State Of Louisiana, Parish Of Orleans.
I, the undersigned authority, certify that
| the above and foregoing Is a true and cor.
rect copy of the original act Of incorporation
| Of record IN my current notarial records,
with the names of the subscribers thereto
and the certificate Of the recorder Of mort.
cages thereon.