The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-26
THE HER ALD

oros,s of tho Corna,v and shall, be paid in
! f,Ii our of said net 6ro6ts before any divi-
! dds arc naid rnon the common stock H.
| - ,,~,,,;d;rg TO- the naymcnt OF full diyi-
Ji,eI pIov'ulng to ar on he prcferrcd stock
| ~ i,r arv balance that NAV remain due on
! 81 - - - I-.J.rJ. on such n-ef-rrrd
I,'' IN, ,,,r or yr,rs there
L,II -, NV sUrrIns net profits. the com
/ -, 80 sb1II ,rc1 he entitled To pavmrut
| on: Of such net profits Of a dividend Of cgut
! ,.- COW, ,sc,D
| 20 ,t ,h,.,,.,, ~ saiF cumulative diyi-
I'll m tL y,r,.i,.r-rd stock and eight per
/ ue'u Oh ny - 3D.. ,,,,'-,r,, SOL
| CO Eo,T Is,,,,,I ne, rro-ts Shall ID,
! a. IL -, 49,. .,,,,9l rar,. or halves OF
| - -. III sI-1f h, distributed as dlyr-
/ IL ~, 49,. r-.t,rr,I ,..fk and orc-half as
/ 5,,.,I,r5 , H.. -n,,,.1r stock
/ -, a.. -, ~ sr,Tl h4y, the now
! - -, ..,,, ,-.r,rry Of tb, STOCK
! +. a.. ~ 49,. The CnTp,nv Shall. for
I . - -, ,1r,.s ,,,-rr...iv,. wear, fail - paw
/ he ,..Gt per cent go cumulative dividend
',o - fl-~SJ s,,rL ,rru the preferred
| - .r,u h.y. the same rlgh, Of voting as
/ ~ -. - c,@I share common and
,., ~. E ,,ir,,.rr, lr,ng entitled
! ~ '.,, .
/ Tr,s t,-r..-g,i,r shall not have the right
IN ~ 80 r.t,-,, lie rr,frr-rd stock. or 10
/ -. 49,. ,E. Amount thereof sx-
/ ..l - -, ~, ~. ,,,.,.,-,r, nj ty.,-
/ - ,,..t.r-ca .trl y,hIrf may DE
/ mus VI, -. -, .ff.F s.. ,r. 'r,,-r.
, -, ,,,,r, Ma. Tr1n,-rfrrr and then
- - -, 49, -,J in ..r,r,,l .,r.,. div.
53.,.y, ~ P'S'"' ''' '''
,, ,t, 1,o,,ia,.-or II this Corrarl.
! ,r ,n. - nf me COMPANY shall toe
/ III LII, trry.c,r r...-,rr.,- and pr,.-
- ,,..L
| m. t.r-r,r, shall p, 4 going concern ard
III D. 49,. IL -, g. mn, an business a.,
- -. ,Ii>.,.r,,I tSS.uuu. d,rl.r, Of
-, NJ .,rl sL,II h7yr been subscribed
,.r XII ,r,rE Shall he r,ii for rr cash us
| -, i o.. a.. o.. ....b .I,r the
n, CO.,. ,E t,,rr3r, Shall d..
',.,,,,. ,L, LIN. f s.,,, equivalent offered
.,,.b p,y-ncnr To- be made before he ccruu-
ate II ,rnrk he ISSUED
AMI, II TIN r.,,,r, Of tn, Cu~p1rat.un
IN ~ ,,,,j ,r III rr.. ,r-,r...,,.-,.rrf and
>,.,t- - ~ INNS .au be- exercised by a
IA ~ D,,.,,,r. ,r.I,,.rd # ,r1f fever than
H.. a. No. mon. rrr.',, ry. 81 .frrLb.ld ,r,.
,.,r,,,. - ,,b,r, shall constitute a ,,ilnrllr,
~ II tI.,,..'..I.r nf ,I lrI-Inr,, The. de
/ r,r-1r, shall lie elected bv the common sta, h.
ILL 80, 3D.. t,-t Ill I.v i'm January, of
. ] o.E - Er.h .t,.LL,f,i,- Shall he rlrftIr,
, [ m r.ysnn ar Inv p-oxy. In , vote for every
/ .b,re ,,,rrd bv him, and all elections shall
Inc EeId ,Irirr such rrrIrs and regulations As
NAV he determined by the Board Of Direc-
Tors The vote, Shall he cast by ballot The
!, | 9ir--,or. thus clerfrd shall continue IN Office
, / fTo,c ,c,r ~ mil tbr,r successors b,yr
! / hon d,,Iy cl,rr-J and have ouaIIrcd No
. / fsiI,,re a. clrrt shall In. regarded as a for.
I frirrr. 81 Tins charter ANY vacancy occurring
a on said board Shall be filled bv the remain.
I ing direrrprs inr the tIneNpircd term The
Ri of Directors shall Al us FIRST meeting
E after IT'S election. nominate out Of its number
/ president. Vice President. A Secretary
an re- Sal
. dismiss such clerks. managers. and other EN-
: ployrcS of the Coruoratiou as the interest
and busiursS OF the same NAV Justify ANY
;. If the directors or officers shall have the
. r,yb, 10 anpoint by written instrument. an
other director or, stockholder TO act as hi,
prnxy and If, ms stead At any and all meet
ms Of the Board of Direct6rs,
4 Promptly after the formation of this Cor
4 roratioB there shall be A meeting uf the stock
5 holders for the pIrposc Of electIu. the tirst
' Board OF Directors. sho shall hold ofucc until
their .,,rrr,sprs are elected as th.ye nro
vIded
Notices Of election NAV be given hy mai
addressed 10 the last known post Office adj
dress of the stnckhoIJrrs. Tor len DAYS prIn,
10 the date of election
After the amount OF stock required to au,
rbDrizc fhi, COMPANY To begin business has
been subscribed Tor, the Board OF Director,
, shall be. authorized 10 sell the remaining o-
additional! stock AZ par. or at A price Over
+ and above the par value: but the net add
= rforal amount over and above such par vain,
= Shall 20 To- the SURPLUS Of The Companv.
c Article V Whenever this CORPORATION shall
r be dissolved either by limitation or from any
n other cause. its affairs shall be Inundated by
r three 80 stool holder, to be APPOINTED at ;
general rucctiup Of the common stockhoIder,
= convened for the purpose of liquidation d.
= hereinafter provided each share being entitled
= To one vote to be cast bv the holder eithc
; in person or by proxy. Said commissioner,
S44 remain IN Tih nee uTa me 1ta,S oi ,ai,
h liquidated and they shall have full powe
y and authority 10 transfer and give title 10 al
a the assets and property of the Corporatiol
e and 10 distribute III. nrocreds In case a
h death or disability or resignation of one o
J. more commissioners the vacancy shall be file
bv the surviving commissioner or commission
r crs
'. Article VI. This act OF incorporation ma
i Ne changed. modified. altered. or this cor
r poration NAV be dissolved with the asscn
II of the stockholders owning three. fourths o
&c the stock of the Coronation. present or rsu
e resented. at a general meeting convened 10
1t that purpose, and. after at least ten day.
l. written notice has been given through III
2, mail. or by delivery in perSon. 10 each stock
r bnIder ,t L;s las, I,ag,n1 nlscr os reS;derce
ID Article VII No stocLhnIdeT shall ever n
!; VI ~, StoNNiioiuo' S"dli SNSl -