The herald., 1914-10-22
OF each year. The first election to be held III

OF each year. The first election to be held III
the year 1915.
All elections shall be by ballot at the Office
pt the corporation, under the supervision OF
three 60 comms Nioners to be appointed by
the board OF directors. and, in the absence OF
any commissioner, the president shall have
the power to hll the place by appointment
and II all such elections, as well as meetings
OF stockholders, except for the purpose OF
liquidation or dissolution, or as otherwise
required by law, ten OO) days notice shall
be given by mailing TO each stakeholder who
appears aS such upon the books of the COM
pany, at his last designated address or to the
General Delivery at New Orleans If he has
not designated an address, an announcement
stating the time and the place of the meeting
Zach shareholder shall be entitled to one
vote Tor each share Of stock standing in his
name on the books of the company, cast in
person or by proxy, and the majority OF the
votes cast shall elect The board of directors
shall have the power to fill all vacancies that
may occur on the board. Failure to elect
directors on the day above specified shall not
dissolve the corporation, but the directors
then III office shall remain in Office until
their successors are elected, and qualified.
Due notice OF another election Shall forth
with be given. as above provided Such no
tice OF election shall be continued to be given
until an election is held. The board OF di-
rectors at the hrst meeting following an an
nual election shall elect from their number
4 president 4 vice president, a secretary and
treasurer, all of whom shall be stockhold-
ers and such other officers as the board shall
deem necessary. The board shall have the
power III its discretion to unite two or more
OF the above or other offices and the same to
confer upon one person, and shall have the
power to Tx the salaries OF all officers and
OF such other officers as they deem necessary.
Inc board OF directors shall have the power
to make and establish, ss well as alter and
amend all bylaws, rules and regulations nee.
eSsary and proper for the support and man.
agement OF the business and affairs Of this
! CDT 4fT Inn mot Al
ter.
The said board shall also have full power
and authority to borrow money through the
president or some other duly authorized agent
or agents; 10 execute mortgages and issue
notes, bonds or other obligations in such 2
manner and on such terms as in their iudy,
ment may be advantageous, and generally 10
to all the things necessary for the proper
carrying on of the business of the said cor.
poratIon; also to issue and deliver full
paid shares of stocks and bonds or Other
obligations OF the said corporation in paw.
ment OF the money borrowed or money, labor
services, property or rights actually received
by the said corporation, as heretofore SET
forth. AT any meeting of the board of di.
rectorS, any director absent from the meeting
may be represented by any other director
VINO may cast the vote of said absent direC
tor, according to the written instruction,
OF the said absent director The board OF di.
rectorS shall have the power. by a vote OF
not less than two (2D directors TO sell lease
mortgage (by bond mortgage or otherwise
or to pledge any or all of the property, NOV.
able and Immovable, belonging to the cor.
poratlon, or to receive in exchange therefor
money or stocks or bonds or other obliga.
tons OF another corporation, withut referrl ns
to the shareholders for the power TO do so
And they may also purchase for stock in this
company or for cash or on credit. property OF
any kind required for any OF the purposes Of
the corporation, without authority OF the
shareholders
Until the next meeting to be held under
this charter, or until their duly qualified
successors are eelcted and installed, the board
Waters, Henry ]. Stouse and Walter p
Stouse, with Henry II. Waters as president
Walter p Stouse, as PRESIDENT; and
Henry !. Stouse, as secretary and treasurer
Article VI-Whenever this corporation shall