The herald., 1914-07-30

said purposes, and to exercise all the rights.
powers and privileges now or hereafter con-
fcrTed by law upon associations organized u--
der the provisions OF the laws authorizing the
formation Of associations
Article lN.-The capital stock of this asso-
Giation is hereby. fixed At the sum OF three
hundred thousand dollars (S5O0OO0), divided
INTO thirty thousand shares OF the par value
OF ten dollars (SlO each, which shall be paid
Tor IN cash, or on. such terms and conditions
as may be decided upon by the board OF di.
rectors, or may be issued for no less than
par Tor property purchased by or services ac-
tpaLly rendered to, said association. All
shares OF stock shall be full-paid and non
assessable. No transfer of stock shall be
binding upon the association unless made
upon the book. and all certificates of stock
Shai be signed by such officers as may be
designated by the board of directors.
Article VAN corporate powers of this cor
poFaton snail be vested in and exercised by
"a board of directors composed of not less
than hVe or not more than nine directors,
al OF whom shall be shareholders and who
Shai be elected annually on the first Tues
day OF June of each. year. The first election
under this charter shall be held on the first
Tuesday OF June, 1915, provided. however. that
Immediately upon the passing of this charter
the shareholders shall convene and elect di-
5deGtois' Tho shall 1oIi serve until the first Tues
Said election shall be by ballot and con-
Quoted at the Office of the association and
NOTICE OF said election shall be given by the
secretary-treasurer to each stockbolder in
writing ten days prior to said election mailed
TO the stockholders last known addras, Sill
be sufficient notice. Each stockholder shall he
entitled TO one vote, either in person or NV
proxy. The directors shall serve unt;I tbe;-
successors have been elected The J;rso.oIs 80
shall have the power of filling anv vacancy
occurring among their number For ali 49,
poses herein majority of the board of A..
tors shall constitute a quorum Thev shsII
nave power TO employ or discharge such en-.
pttoyees as may be necessary for the conduct
The officers of this corporation shall oor.;s,
OF a president, first vice-president seco,5
, vice president and secretary-treasurer; the
TWO ofhcers last named may be merged snd
held by one, all of whom shall be elected b.,
the board of directors from among their 49,;
Der. The capital stock of this association w.,
be increased according to the laws of this
state. Vi 'iiis
Article. VI.-Whenever this corporation ,s
dissolved, either by limitation or from any
other cause, its affairs shall be lio,Iidatsd
under the supervision of three commissioners
to be appointed by the stockholders for tbs,,
purpose at general meeting convened for
such purposei which said commissioners shall
remain IN office until the affairs Of this asSo
ciatlon shall have been duly settled and Eo,;
dated, and in the case of the death of one or
more OF the commissioners the survivor shall
continue to act.
Article VII. This act of incorporat;o-,
may be changed, modified or altered, or said
association may be dissolved with the assent
OF three-fourts go OF the capital stock of
SAID association at any general meeting of
| the stockholders thereof, convened for that
! purpose, after thirty days previous notice oS
such meeting shall have been published in
New Orleans.
Article VIII.-No stockholder shall ever be
held liable or responsible for the contracts
or faults of said association in no further sur,
| than the unpaid balance due to this associa
| ton on the shares owned by him, nor shall
any mere lnformality in the organization have
the effect of rendering mis- charter null, or
OF exposing a stockholder to any liability be-
/ yOnd the amount due his stock
The subscribers hereto have respectively
written opposite their names the amount of
so that this act may also serve as the original
| SUBSCRIPTION list of the subscribers.
! Thus done and passed in my notarial Office,
| at New Orleans aforesaid, in the presence nj
| William A. Wenck and Thomas J. Carey, Jr.,
/ competent witnesses OF lawful age and resid-
| ing IN this city, who hercunto subscribe their
names, together with said parties and me,
notary, on the day and date set forth in the
Henry Forres, F. A. HiSfson, .rla F. s Thomas
| Jewell A. S,erling, NJ. Rooney, P. s Schnci
ddaEp, ". A. Wenck, Leo Ujfy, E G. Could
son. in3i9Sf WM. !; RETATDrH. S1liHf T. Not, Pub.
| ], the undersigned recorder Of mortgages
louisiana, do hereby certify that the abov,
and foregoing act Of incorporation Of TIL,
! German American Orange and Truck Growers
Association Of Louisiana was this day dull,
recorded in my Office in book ll27, folio -
New Orleans, La. July 2 1914
| (Sgned) EMILE / LEONARD
| ISealD d. R. NJ.
| J. the undersigned, notary, do hereby Ger
tify the foregoing and within 10 be a tru
| and correct copy Of the original act Of incor
Roration of The German-American Orange an,
Truck Grwores' Association Of louisiana. 10
gether with the certificate OF the recorder o
mortgages thereunto appended, on file and o
| record in my Office
In faith whereof, hereunto set my han,
and seal this I'd day of July, A. d. 1914.
july 2 l6 q 20 aug w.