Lower coast gazette., 1914-05-30

pcce;s Of this city; and the board OF
directors shall appoint II or more
s~;orkioIcer; to preside at such eiec-
lion as commissioners. In tie event
CT tic failure Of any commissioner or
commissioners to attend, the president
sla.i, by appointment, fill the va
cancy. Any failure from any cause
Whatever to eject directors the Gay
named for that purpose shall not DIS
solve the corporation; but the dlrec'
LOIS then III oi..cc, as we'll as the 9th
GERS Of said company, shall hold over
until their SUCCESSORS are chosen.
III SUCH event the President shall
cause another election to be held with
in thirty days, ard shall give notice
thereof as hcreiubefore provided.
II every election aid meeting each
stakeholder Shall be entitled to vote
for each share Of stock registered in
lis name, and My vote BY proxy.
The election Of directors shall be
by b;.!.ot, and the majority in amount
Of votes cast, eech share OF STOCK
voted upon to be counted for one vote,
sail eject tie person or persons for
n...on they have been cast.
After each election the board OF C.
rcctors Shall eject from their own
number the officers Of said company.
ARTICLE V.
Vi,n board OF directors Shall haze the
tull power TO fiji vacancies i'll their
number, caused by death, resignation
or otherwise, from among the stock
holders OF tic corporation.
The said board stall have full con-
troll OF the property of this company,
and shall so conduct, manage and
use ,!.e same as in their discretion
vhoy daoin fit, and that is consistent
with tire objects OF this company or
Lie welfare Of the same.
Tie said board is further authorized
10 frame and adopt such bylaws,
rules and regulations as the affairs
and business Of the corporation may
require, and is it may deem necessary
Tor tie conducting and management
thereof; provided, the same shall not
conflict with this charter or with the
laws CT the State or the United States
The said board shall elect or ap-
point q secretary and suca other DILL
GERS, agents, employees, servants anc
clerks as it may deem necessary io1
the conducting Of tic business OF the
corporation, term OF service, with tht
r;cht to dismiss them at said board:
pleasure.
= ARTICLE VI.
:. This charter may be SO changed
. :.icd!fied or amended, the capita
ssock increased or decreased, or thi
corporation may dissolve at a genera
h.ee.iag OF the stockholders convened
.ur the purpose with the assent o
= th-cefoursshs Of the entire capita
stock, whether present or representa-
at such meeting.
q Ten days prior notice Of sue!
!. meeting shall be given in any DAHL
Ens!ish newspaper published in tn
e city.
), liz case Of dissolution or ternlina
ton o. this corporation, either b
Limitation Of its charter Or from an
cause, tie liquidation Of its affail
shall be conducted by two commission
. ers selected from the stakeholder
:. with like assent and at a n1eetin
- called for that purpose, as above ST
- forth in this article.
J., Said commissioners shall remain
= office until the affairs OF said co
:, poTation shall have teen fully liq,
:, dated. In case Of tic death Of o.
or more of said commissioners Il
survivor or survivors shall contiu
to act.
ARTICLE VII.
>. The holders OF all or any part
- the shares Of the capital stock of til
corporation shall have the right fro
n time to time ct their discretion
create and form y voting trust.
ARTICLE VIII. 50
-. No stock!,older Of this corporate
10 shall ever be held liable Or rcsponsil
" for the contracts or faults thereof
}n any further sula than the unpaid b
If anca due the company IN the shat
an Of stock subscribed for or owned
him; FOR saal! any informally in
zee g~snia:t:dn have the effect of reno
zee ing his charter aull, or Of esposi
he a stakeholder to any liability beyc
,b. tie unpaid balance, if any, Of
stocks.
NC Thus doro and passed, at my not
,ca ial office in the City of New Orle:
on the dag, month and year here
above first written in the presence
M Julia Fyisk and Henry J. Canipb
sed competent. witnesses, WHO hereu
css sign their names, With the said