The herald., 1914-07-16

I 1-------------- ---------~. ----------
deem necessary and expedient.
| tion shall he rvy,Trv.rve ,bousard dnllars
! tS25 OOU rrprcSrnted by rvyo bu,Irrd and tfry
| (25Oy shares OF one hundred dollars ,Slpl
| each The said stock shall 10, maid f.r IN
! cash when subscribed for and shall r.t =,
any time be issued f1r les, than par.
| This corporation NAV become d going con
Germ and Shall be si,,b'rlzri ,a r,,,i,u,rre
| business when and As soon a, ten thousand
dollars tSlUrpi If n, capital stock shall hay,
| been subscribed for
! Article Nl.-Au tn, corporate powers Of this
bv board Of directors. t. be ,..rr,.~,d .t
ryr ,t.rLuoIdrr> 20 I've. elected annually On
| the second TUESDAY in Iunr Of each wear
All such elections shall be b. ballot. and
! shall he held and conducted Al the .tr,,.
ut TIN, curpurttiur under such regulations lis
may be established o., the h.4-d ot directors.
Nurlrr of such rI,,tr.r,~ shall lr given .r.
| the secretary ui tht, corporation h, punlr,..
| Jiuu for urt less than urI tav, rr... thereto
| lr q daily r,y>r.urr r.'lIr-lrI IN rg,. English
/ Language n, ,ht. tr,. u: Nr,, O-l,s,.,
| Al all such election, and O.. all rl-,.rltr
| meeting, every Stprnhpldyr shall be entitled
| 20 one vote. 'ur each share 81 stock ,,a-lrr..
~ hrs name vl the books Of rim, ,,rposat.an.
] 90 hC cast aL NI.I Iu person. ar IN written
| proxy. and the majority Of ,l,h votes cast
| shall elect.
! Any vacancy occurring among the, directors
oi thIs CORPORATION hv DEATH resignation OF
otherwise shall Dee "llrt by Selection, f.-
the uucNpircd term hy the remaining dr-rg.
! tors. \ failure 10 elect directors on The date,
| above ,pcclucd shall not dissolve the ru~rr.ra-
| tIou, nor impair i;s corporate existence. but
| the directors then IN Office shall remain III
office until their Successors shall have been
| duly elected and qualified. Any director shall
have the nigh; to be represented ~ any meet
| lug ui the board uI director, .I I'M, tD,r,r..-
rl5u by an attorney holding SAID dyrrt,n-'~
written prrNy.
The board OF directors shall at it, first
| meeting and annually thereafter ,lrrr F-.-..
among 1t, number president. a wee nee 2g,,I.
dent and a treasurer. The board of directors
NOT lee a stockhuldcr The Office OF SECRETARY
and treasurer may Dee nlIrd Boy one and the
same persons. AZ the dls,rr'ry: Of the board
The board Of directors. from time To- time.
may name and appoint all such other pr,.c,r,
and agents as it may deem necessary for the
purposes and business OF this corporation The
said board shall have r1Wrr 10 rN and Ir-
line the duties oi cycrv u.r.rr- and gapluyt.
and all officers and employees shall hold offcr
and employment at the pleasure Of the board
The board may make and establish. AS We'll
| a, alter and amend, all such hy-laNs rules
and regulations necessary and proper in ITS
judgment for the conduct ard management ni
the business and affairs Of such corporation.
| The board Of directors shall have, fuII
puwc- and authority TO sell. convey. mortgage.
pledge, lease and purchase real and personal
property: TO borrow money! issue notes and
bonds, lend money. make contracts and ,i.r
and cause To- be signed all necessary acts.
deeds. etc. to take judicial proceedings IN
the name OF and on behalf Of the corporari ,rl
and generally to DO any and all things rra.
| Souahle. convenient and necessary for the
proper carving on Of the business and affairs
Of this corporation.
! The board OF directors may issue fulI-Uaid
| shares Of stock ior cash and the sand stock
shall not at any time be issued Tor less than
par.
| All transfers Of stock shall be made ON the
| books Of the company, and under such r,IIr,
and regulations as the board OF directors NAV
| prescribe.
| Article NlI.--Thc following shall constitute
the first board OF directors: John William
Barkdul. George A. Hero. G. VI Abrams, g.
| Beer and r. F. Allison, which SAID directors.
at their first meeting, shall elect from among
| ,heir number a president a vice president
| and shall also elect a secretary and a treas
urcr. or one person to serve in both capaci-
ties in accordance with the sixth paragraph
Of article six OD.
! The said board Of directors shall hold office
until the second Tuesday in Iune. 1915. and
until their successors shall have been duly
| elected and qualified.
Article NIiI.-Wherecer this corporation
| shall be dissolved either by Limitation or
| from any other cause, its affairs shall be
liquidated by three commissioners. to be ap-
| pointed from among the stockholders at a
general meeting OF the stockholders convened
shall be given in the manner and time pro.
| vided for stockholders meetings by article
9 of this charter and a majority in amount
of the capital stock OF said corporation, rep.
! resented at such meeting shall be requisite
to elect Said commits ssoners shall remain
| IN OfnCc until the affairs OF SAID corporation
shall have been fully lquidated. In case OF
| the death OF one or more OF said commission
ers, the vacancy shall be filled By the sur
vIving commissioners.
| Article IN.-This act of incorporation NAV
be modified, changed or altered, or said cor
poration may be dissolved with the consent
Of three -fourthS Of the capital stock represent.
ed at general meeting of the stockholders
| convened Tor such purpose, and after notice
| shall have been given in one or more news.
papers published in the city OF New Orleans
once week for four weeks preceding the
meeting, and by a written notice to each
Stockholder, mailed to him to his last known
place OF business, or dOmicile. thirty DAYS
prior to the date Of the meeting
Any charge proposed or made in reference
ance with the laws of the state Of Louisiana
Of corporations" But any and all meeting,
OF stockholders, whether for the purpose OF
liquidation or for any other purpose, may be
held at any time without notice by unani
nous consent of all stockholders in writing
filed with the secretary.
Article N.-The president, or acting presi
dent may, in his discretion, and shall. upon
written request OF three stockholders call ;
special meeting Of the stockholders of thi,
corporation.
Article NI.-No Stockholder shall ever be
held liable for the contract or faults of said
corporation in any further sum than the un
paid balance due the corporation on the shar,
Of stock owned by him; nor shall any mere
nformality in organization have the effect
OF rendering this charte. null, or of exposing
the stockholders TO any liability beyond the
unpaid amount remaining due on his stock
Article NII-Thc subscribers hereto have