Lower coast gazette., 1914-05-16

! "AtotSSSl w NANSV S~S
named for that purpose shall not dis
solve the corporation; but the direc.
tors then in office, as we'll as the Off
GERS Of said company, shall hold over
until their successors are chosen.
In such event the President shall
cause another election to be held with
in thirty days, and shall give notice
thereof as hereinbefore provided.
At every election and meeting each
stakeholder shall be entitled to vote
for each share. Of stock registered in
his name, and may vote by proxy.
The election of directors shall be
by ballot, and the majority in amount
of votes cast, each share Of stock
voted upon to be counted for n vote,
shall elect the person or persons for
WHOM they hsve been cast.
After each. election the board of di-'
rectors shall elect from their own
number the officers Of said company.
ARTICLE V.
The board of directors shall have the
full power to fill vacancies in their,
number, caused by dcath,, resignation
or otherwise, from among the stock
holders of the corporation.
The said board shall have full con
tro! of the property of this. company,
and shall SO conduct, manage and
use the same as in their discretion
they deem 1T, and that is consistent
with the objects of this company or
the welfare of the same.
The said board is further authorized
to frame. and adopt such bylaws,
rules and regulations as the affairs
and business Of the corporation may
require, and as it n,ay.deem necessary
for tho conducting and management.
thereof; provided, the same shall not
conflict with this charter or with the
laws of the State or the United States.
The said board shall, elect; or APP
point !: secretary and such other Off
GERS, agents, employees, servants and
clerks as it may deem necessary for
the conducting Of the business of the
corporation, term Of service, with the
right to dismiss them at said boards
pleasure. - -. g
ARTICLE vi.
This charter may be so changed,
modified or amended, the capital
stock increased or decreased, or this
Incorporation may dissolve'at'a general
meeting of the stockholders convened
ior the purpose. with the assent of
threc-fourths of. the. entire capital
stock. whether present or represented
at such meeting.
Ten days prior notice Of. such
meeting SHALL be. given in AIRY daily
English newspaper published in the
city.
In case Of dissolution or terminal
ton Of this corporation, either by
limitation Of its charter OF from any
cause, the liquidation: Of it's affairs
shall be conducted'b by two commission
ers selected from. s,tfhs stockholders,
with like. assent and at a. meeting
called for...ahpt, ps.posse;slss Irbvve set
fort, in tihis article. ass...- =
Said commissitpnersashaH farain in
office until. the affairs, of. said. cor
porat:en shall have lsaen; fully. liapi:
dated. In case. Of thesdeath of one
or moro Of said commissioners the
survivor OF survivors shall continue
to act.
ARTICLE VII. u.
The holders OF all d. any part of
the shares Of the capital stock OF, this
corporation shall have tie right from
time to time ct their. discretion to
create and form a voting trust.
ARTICLE VIII.
No stakeholder Of this. corporation
shall ever be held Liable or responsible
for the contracts or faults thereof in
any further sum thar. the unpaid bal
ance due the company on the shares
of stock subscribed for or owned by
him; nor shall any ~inforniality in or
gsnizat:on have the effect Of render,
ing thi, charter null, 0 : Of exposing
4 stakeholder to any liability beyond
the unpaid balance, if any, of his
stocks.
Thus docc and passed at my notar
ial office in TIE oity of'Ncw Orleans
on the day, month and year herein.
above first written in the presence Of
Julia Prick and Henry J. Campbell
competent witnesses, who. hercunto
sign their nanaes,,vith the said ap.
bearers, and me, Notary, after due
and full reading Of the whole.
Original Signed)
IRVING. ., LoTHRop,
LIONEL A: G0UDEAU,
DIV. DoussAN.
J. FRICK <
H. J. CAMPBELL. !
/. c. T. sTARKEY,
Ny.+t- -sss ay#H