The herald., 1914-04-16

tablr>h such bylaws. rules and regulations
/ for the proper management and regulation
| ui the affairs OF the corporation as may be
requisite and proper and the same 10 change
| alter or amend At pleasure.
Article II. The dowiCIle Of this corporation
shall be iu the city of New Orleans, State
of Louisiana, and all citations and legal pro
cess shall be served on the president Of the
company, and Iu his absence on the vice
president thereof. and in the absence Of both
on the Secretary-treasurer.
Article III. The objects and purposes for
which this corporation IS organized and the
nature Of the business 10 be carried on by II
are hereby declared to bc TO deal in, buy
and sell Tor It's own account and for account
OF others, real estate, lands and tenemcnts,
mortgages. mortgage notes, bonds shares Of
stock and other securities, TO lend money on
property, real or personal, on bonds, stocks,
mortgage notes and other securities, TO lease.
rent or hire property, make leases, to act as
broker, agent or trustee for individuals, firms
or corporations, to reclaim and improve land
ed property, to lay out town lots or suburbs,
and generally to do and perform all other
and such acts, matters and things may
be necessary or incidental to the proper man
agement Of It's affairs and to carry out any
OF the purposes herelnabovc set forth or con-
tcmplated in this charter.
Article ". The capital stock OF this cor
pOratlOn Is hereby fixed at two hundred thou
sand dollars, divided into and represented by
two thousand shares OF one hundred dollars
each, payable in cash or its equivalent at the
time Of subscription. The stock shall be evi.
denced by certificates issued and signed by
the president and secretary-treasurer Of the
company
Article V. Transfer of stock shall be made
only on the books of the company subject
to such regulations and formalIties as the
board OF directors may prescribe.
Article VI. All the corporate powers of
this corporation shall be vested in and exer-
ciscd by board of directors to be composed
OF three stockholders who. shall be elected
he urS MppHaU in
nually thereafter on the first Monday in Jam
uary IN ead year at general meeting con-
vened for that purpose. Ten days prior no.
tice OF each election shall be given in writing
to all stockholders. Each stockholder shall
be entitled to vote for every share of
stock owned by him either in person or by
proxy and a majority of votes shall elect;
a failure to elect directors on the day fixed
shall not dissolve the corporation but the
directors then IN office shall continue to act
and another election shall be called as soon
as practicable after ten days notice in writ
ing 10 each stockholder. Vacancies occurring
on the board of directors shall be filled by
the remaining directors and two directors
shall constitute quorum for the transaction
OF business. The board OF directors shall
elect from its number a president. a vice
president, and a secretary treasurer, and il
shall appoint such other officers, clerks, agents
and employees as 1t may deem necessary and
proper and dismiss the same at its pleasure
Article VII. This corporation shall be au-
thouzed TO commence business at once.
W henever this corporation is dissolved either
by liquidation or from any cause its affairs
shall be lqudated by three commissioners
10 be elected from among the stockholders at
a geuefal meeting convened for that pur-
pose after thirty days prior notice in writing
to each stockholder and by publication in one
Dt the daily newspapers in New Orleans. The
Said commissioners shall remain in ofnce uu.
til the business and affairs of the corporation
shall have been fully hquidated In case OF
vacancy in the number of said commissioners
The stockholders shall fill the vacancy.
Article VIII. This act of incorporation
may be changed, modified or amended or this
corporation may be dissolved with the con.
sent OF three-fourths of all stock, present or
represented by proxy at a general meeting of
he stockholders convened for that purpose
liter thirty days prior notice, TO each stock |
holder in writing and by publication in one |
If the daily newspapers in New Orleans.
Article IN. No stockhOder shall ever be |
leld liable responsible for contracts of |
his corporation or for the faults thereof in |
my further sum than the unpaid balance due |
N shares of stock subscribed for by him. nor |
hall any mere informality in organizing have |