The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01

| stock of this corporation shall be entered OF
| the stock book and no transfer shall IN any
| manner be binding upon this corporation un
| I'll 50 registered
| This rr-poratior may become a going con
! Germ ard commence business when three
thousand dollars rS5,OOOOU OF its capital stool
shall have been subscribed for.
Article N-The corporate powers OF tins
rorporatI,r shall be vested IN and exercised
by a board Of directors composed OF three
SOL holders two of whom shall constitute a
said directors shall he elected al a general
meeting Of the stog khoders OF this corpora.
,iou o. hc held ON the first Tuesday in April
Of each wear. and notice of said election shall
be given bv letter addressed TO each stock
holder at MS last known place OF residence
and deposited IN the mails ten lJ) days be
fore said date.
The said board n It's FIRST meeting shall
elect from its member, president and vice
president The said board OF directors shall
also elect a secretary and a treasurer, or one
person 20 be secretary and treasurer, as the
said board may see III, winch SAID person OF
persons may or may not be a member ~
members OF said board
The first election for directors under TINS
charter shall take place on the hrst Tues.
day in April, 1915, until which time, or uhtl!
their successors shall have been duly elected
and qualified. the following shall constitute
the first board of directors: a b. Dcnbrun;
Joseph Baylc and Jules !. Bdylc, and Sald
A. -. Dcmbrun shall lc president. SAID Jg-
seph Baylc president and said jules J.
Blyle se,rctary-trcaourcr.
The failure from any cause To elect drcc-
tor, ON the day stipulated shall not dissolve
this corporation, hat the officers and direc-
tor, then m office shall hold over until their
Successors shall have been daily elected and
qualified. In the event Of any failure 10
hold election ON the day stipulated the pres
ldcut shall call a new election immediately
thereafter on ten ,lW days notice, As herein
above provided At all elections and meet,
iugs Of Stockholders, each stakeholder snail
10, 41,.,l NJ
registered IN MS name and may vote III
person or by proxy.
All elections shall be by ballot
The board of directors shall have the power
to tU all vacancies in its members from
among the stockholders Of this corporation.
Article EI-ThiS act Of Incorporation may
be changed, modified or amended and this
of ihrce-fourthS OF the capital sock represent
ed al a general meeting of stockholders called
for that purpose after ten QOD days notice
by mail as hcrcinabovc provided.
ANY change proposed or made with refer
ence to the increase OF reduction of the cap
ital stock shall be made IN accordance with
the laws Of the state of Louisiana with ref
ercnCr 10 the alteration of the capital stock
of corporation
Notice Of all meetings Of stockholders not
herein or by law otherwise provided for
shall be given to each stakeholder by letter
to his last known place Of resi-
dcnce and deposited in the mails at least ten
QOl DAYS prior 10 the date Of said meeting.
In case Of the dissolution or termination
Of this corporation either by limitation of its
charter or Tor any other cause. its affairs shall
he lquidated by two commissioners selected
bv its Stockholders at a general meeting
held As above set forth; and the said com
missioncrs shall remain in Office until the
fairs of This corpnratiou shall have been
fully liquidated: in case Of the death or in.
capacity of one of said commissioners, the
survivor shall continue to act
Article NII-No stakeholder of this cor
po-4-iar shall "a. hold Liable ,r reSnnuSible
for the contracts Of this corporation or its
faults. in any further sum than the unpaid
balance duc the company on the shares Of
,torL subscribed Tor or owned Inv him. nor
Shall amv irformali,y in organization have
the effect ri rendering This Charter null or