The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-16

both real and personal property in any Of
said states or territories.
ARTICLE IV-The capital stock Of this
corporation is hereby fixed ar the sum OF
thirty thousand dollars $3.50, 100000, divtd-
ed into and represented by three hundred
(30Ol shares of stock of the par value OF
one hundred dollars (Sl00OO) each, which
said stock may be issued for cash, payable
at such time, In such amounts, and after
such notice to the subscribers as may be
fixed by the board of directors, or II may be
issued for labor done, or for property actu-
ally received by the corporation. This cor
poratiOn shall become a going concern and be
authorized TO do business. as soon as thee
thousand dollars (S3,OO00Ol of its capital
stock shall have been subscribed for.
ARTICLE V-AIl the powers Of this cor
pOration shall be vested In and he exercised
by a 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
tion under the supervision OF commission
err TO be appointed by the board of directors.
Notice of such elections shall be given by
the secretary Of the corporation by publlca-
ton in a newspaper published in the city OF
New Orleans said publication shall appear
at least three times. and said first publica-
tlOn shall be 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
In his name on the books of the corporation,
TO I've cast in person or by HIS written proxy,
and a majority of the votes cast shall elect.
Any vacancy occurring among the dlrec-
tors by death, resignation. or otherwise,
shall be filed for the remainder OF the term
by the remaining directors.
4 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.
The board Of directors shall elect from
among their number a president, who shall
also act as treasurer; a vice-president. and
a 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-
| liSh. as well as alter and amend, any and
all bylaws, rules and regulations necessa nv
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 TO borrow money, to exc
cute mortgages, and create liens: to Issue
orally TO do all things reasonable, convent
ent, and necessary for the proper conduct OF
the business OF the corporation.
| The board of directors may issue full paid
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
lslana, or the city Of New Orleans, at any
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 corpora ton
shall be dissolved, either by Limitation or
| from any other cause. its affairs shall be
! liquidated by three commissioners. to be ap-
Ipointed 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 mall to each stakeholder at his
last known address, and by publication In al
| least one newspaper In the city of New Or.
leans during such time, and a majority In
| tiOn represented at such meeting, shall be
requisite to elect. Said commissioners shall
remain in office until the affairs of the cor
poratio 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
| lied. changed or altered, or said corporation
may be dissolved with the assent OF three
tfourths Of the capital stock, represented at q
general meeting OF the stockholders convened
| for such purpose, and after notice shall have
lished In the city OF New Orleans once 6
week for four weeks preceding the meeting
and by written or printed notice to eact
stakeholder. mailed to him thirty days priol
| to the date of the meeting. at the post ONO,
address designated by him In writing. ANY
| changes proposed or made in reference to tn,
capital stock shall be made in accordanc,
with the laws of the state Of Louisiana OF
the subject OF altering the capital stock o.
corporations.
| ARTICLE vIII-No stockholders shall
ever be held liable for the contracts or tn,
| faults of said corporation In anv furthe
sum than the unpaid balance due the corpo
ration on the shares OF stock owned by him
nor shall any mere informality In organiza
null, or of exposing a stakeholder to any LA
lblllty beyond the unpaid balance which ma,
be due on his subscription TO stock
| ARTICLE IX-The following stakeholder.
have been chosen and selected as the frs
board of directors of this corporation, to
wit: W. Stanley Bender, J. Toby Orillion
Thomas VI. Gotten, Jas. A. Kaufman, anC
Philip Gensler, Jr., who shall serve as sucl
until the first Monday In MAY, 1914, or un
til their successors are elected and qualified
and said ". s. Bender shall act as presi
dent and treasurer; said ]. T. 0rillion a.
vlce-president and said T. NJ. Gotten as sec
rotary; and shall serve as such until thei
successors shall be chosen and qualified a.
herelnbefore specially provided
| The subscribers hereto have respectivel,
written opposite their names the amount O
each or them, so that this act OF incorpora
ton may also serve as the original subscrlp
| ton list Of said corporation.
| Thus done and passed at my Office In tn
city OF New Orleans In the presence Of A
Miles Coe and Paul Chasez competent wit
nesses, who hereunto sign their names Will
the said appearers and subscribers, and me