The herald., 1914-05-07

tabhsh such bylaws, rules and regulations
for the proper management and regulation
of the affairs Of the corporation as may be
requisite and proper and the same to change,
alter or amend at pleasure.
Article IL. The demicile OF this corporation
shall be in the city OF New Orleans, State
Of Louisiana, and all citations and legal pro-
cess shall be served on the president OF the
company, and in his absence on the vice
president thereof, and in the absence OF both
on the Secretary-trcasurer.
Article III. The objects and purposes for
which this corporation is organized and the
nature Of the business to be carried on by It
are hereby declared to be to deal in, buy
and sell for its account and for account
Of others, real estate, lands and teuements,
mortgages, mortgage notes, bonds. shares Of
stock and other securities, TO lend money on
property, real personal, on bonds, stocks,
mortgage notes and other securities, to lease,
rent or hire property, make leases, to act as
broker, agent or trustee for individuals, firm.
or corporations, to reclaim and improve land
ed property, to lay out town lots or suburbs,
and generally to do and perform all other
and such acts, matters and thin"s as may
be necessary or incidental TO the proper man
agement of its affairs and to carry out any
of the purposes herelnabove set forth or con-
templated in this charter.
Article ". The capital stock of this cor.
poratiOn is hereby fixed at two hundred thou
sand dollars, divided into and represented by
each, payable in cash or ITS equivalent at the
time of subscription. The stock shall be evil
denced by certificates issued and signed by
the president and secretary treasurer Of the
Article " Transfer of stock shall be made
only on the books OF the company subject
to such regulations and formalities as the
board of directors may prescribe.
Article VI. All the corporate powers of
this corporation shall be vested in and eXer-
cised by a board of directors to be composed
Of three stockholders who shall be elected
by ballot The first election shall be held
on the first Monday If January, 1915, and an.
nually thereafter on the first Monday in Jam
uary in each year at general meeting con-
vened for that purpose Ten days prior no.
tice of each election shall be given in writing
to all stockholders. Each stockholder shall
be entitled to one vote for every share of
stock owned by him either in person or by
failure to elect directors on the day fixed
shall not dissolve the corporation but the
directors then in office shall continue to act
and another election shall be called soon
ing to each stakeholder. Vacancies occurring
the board of directors shall be filled by
the remaining directors and two directors
shall constitute quorum for the transaction
of business. The board of directors shall
elect from its number a president, a vice
president, and a secretary-treasurer, and it
shall appoint such other officers, clerks, agents
and employees as il may deem necessary and
proper and dismiss the same at its pleasure.
Article VII. This corporation shall be au-
thoTzed 10 commence business at once.
Whenever this corporation is dissolved either
by liquidation or from any cause its affairs
shall be liquidated by three commissioners
to be elected from among the stockholders at
general meeting convened for that pur-
pose after thirty days prior notice in writing
to each stakeholder and by publication in
of the daily newspapers in New Orleans. The
said commissioners shall remain in office I'M
til the business and affairs of the corporation
shall have been fully liquidated. In case of
vacancy in the number OF said commissioners
the stockholders shall fill the vacancy.
Article VIII. This act of Incorporation
may be changed, modified or amended or this
corporation may be dissolved with the con-
sent of three-fourths of all stock, present or
represented by proxy at a general meeting of
the stockholders convened for that purpose
after thirty days prior notice, to each stock
holder in writing and by publication in one
OF the daily newspapers in New Orleans.
Article X. No stakeholder shall ever be
held liable or responsible for contracts of
this corporation or for the faults thereof in
any further than the unpaid balance due
on shares Of stock subscribed for by him, nor
shall any mere informality in organizing have