The herald., 1914-12-24

htCted with, growing out OF, or incidental or
pertinent to such public warehouse business.
Article lN.-The authorized capital stock Of
this corporation IS hereby nNcd at the sum Of
ten thousand (SlODUOUl dollars, divided into
and represented by one hundred Gl0l shares
Gt the par value of one hundred $1,000 dol
lars each. The capital stock Of this cor
poration may be increased to the sum OF
i"enty.hye thousand t$2S.unHoJ dollars Said
st"SN shall be pait Tor IN cash or IN such M
S'a'l"tntN' ana At such time, and after such
notice 10 subscribers as the board IF dIrc,-
tors may TX, or same may he issued At not
less than par for labor done or services rem
dered Tor sad corporation, or for property or
rights actually received by sand corporation.
All shares ot stock shall be full paid and
n"n-aNNrsSahir and all certificates of stock
shall he s'surd by the president and secro-
'afy OF >aId corporation. The corporation
shall hc going concern as soon "a, SIN thou
SAND 'st,''.,'I dollars Of capital stock has
been subscribed and paid for
All transfers OF the capital stock - tins
corporation NHaIt hc made and entered uT'u
the stock book OF the corporation and up trans
ier' shall Ice IN any manner binding upon
ms corporation unless and un'. So entered.
NJ sale OF stock OF this corporation shall De
valid uulcs, tr,t offered IN writing Tor a
pcU'l OF hitrcu Ial days 10 the stockh2ld-
rT. 'hI"nSn the board oi directors. pom the
.LiIai' "i me ''."l"ldr'N 10 avail themselves
"i sA.h iu''H"Nr' notation OF the TACT sHa..
N'f'IA'air "r 1'riiH,tirn Of ITS or their having
previously been rendered lu accordance here
Win. and thereafter >ald stock may bee sold
WliN'u' iNriHrr IC''rlctl'n Succeeding Iur-
gh-~CFN thereof shall. however, De required
'' "h'r 'hr same TO the sioeNhn!dcrS tor the
'crn Designated before d'sp"elng OF same.
anu ga N,'.N acquired IN hla C'rpordtlo"
shall tc subject TO the Provisions of TIN, char
ter.
Article N.-Ai the corporate powers Of this
corporation shall he vested m and exercised
by board Of directors composed Of three 90
stockholders, majority OF whom shall con-
sniu'c a quorum for the transaction Of all
nuNlncSN, and majority Ot those present
snail decide all questions.
Sdlu directors shall he elected At general
meeting OF the stockholders OF this corpora
Non, To be held on the hrSt Monday IN Feb
Iuafy OF cach year, unless sald day shall be
a legal holiday IN which event sad election
ShaI bS held on the next succeeding business
day. Notice ot said election shall he given
TO each stockholder in writing enclosed in a
postpaid wrapper deposited III the post otfCe
~ New Orleans at least fifteen l5 days be
,oTt f., ihg date OF sad meeting and addressed
10 the last address furnished to the company
10y Sdld Stockholder. and IN the event no ad-
drcS, he furnished then addressed simply
New Orleans, La.
lhe board OF directors shal! AZ its first meet
ing on the first Monday IN February, 1915,
and annually thereafter, elect from among
Ms number a president, wee president. and a
secretary treasurer. Any vacancy occurring
among the directors o. this corporation Ey
death, resignation, or otherwise. shall he
ulled by election Tor the UucNpIrcd term hy
me remaining directors from among the stock
holders OF this corporation.
The rrst election OF directors shall be held
At the annual meeting Of the stockholders on
the hrst Monday IN February, lpl5, until
winch time or until their successors shall
have been elected and duly qualified. the
following stockholders shall constitute the
ur>t board OF directors. William ]. LEnglc.
5sS Walnut 81, New Orleans La: George I.
Mason, 1870 Arahella St, New Orleans, La;
Edward Wood. 500 Pitt s., New Orleans, La.
with the said William !. LEuglc - prcsI-
dent the said George +. Mason as vice prcsi-
dent. and the SAID Edw ard Wood aN secretary
treasurer.
lhe failure from any cause to elect officers
or directors on the day stipulated shall not
dissolve this corporation, but the officers and
directors then IN office shall hold over until
Their successors shall have been elected and
qualified
At all elections and meetings Of stockhold-
ers Of tins corporation. each stakeholder shall
be entitled 10 one Cd vote for each share Of
stock owned by him and registered in hIs
name. and may vote in person or by written
proxy, and except as provided by Law, a ma
Jorlty "t votes cast shall decide all questions.
AZ elections shall be by ballot and shall be
held under such rules and regulations as the
board OF directors may adopt. The tenure Of
all employees OF the corporation shall be dur
ing the pleasure OF the board Of directors
Article Nl-ThiS act Of Incorporation may
ne changed, modified, altered, OF amended or
the capital stock increased or decreased by
and with the consent Of the holders of two
thirds (2-jI Of all the stock. A change in the
objects and purposes may be made only by
a vote OF the holders OF all the stock thereto
fore issued and an increase OF the capital
stock III excess OF the amount originally
named herein as the sum to which the cap
Ital may be increased, may be made by vote
OF the holders OF thrce-fourths 90 OF all the
outstanding stock.
Inns corporation may be dissolved by a
vote OF two-thirdS (2-9 Of all the stockhold-
erS at a meeting called for that purpose in
accordance with law.
Notice OF all meetings referred to IN this
article shall be given IN the same manner as
provided tor notices OF elections IN Article '
OF this charter, but any and all notices Of
every character may be waived, except where
expressly prohibited by law.
In case OF dissolution or termination Of
TINS charter. either by limitation or other
wise, lts ahairs shall be Hquidated by two
W hQuidatoTs elected by the stockholders
at general meeting held as hereinabove pro
vided for. said two (2l commissioners shall
remain IN othce until the affairs Of the cor
poratlon shall have been fully liquidated,
and IN case of death, resignation. incapacity,
or the refusal TO act OF one or more of said
hquidators, the survivor shall continue to
act, and, IN case of his death, the stockhold-
ers shall elect C2) two other commissioners
Article Nli.-Nc subscriber to the stock OF
TINS corporation shall ever be held liable or
responsible tor the debts, contracts, obllga-
uons, or faults OF this corporation IN any fur
ther sum than the unpaid balance, II any,
que me corporation on the STOCK Tor winch he
mas SuDscriDed, nor snail any Stockholder
ever be held liable or responsible Tor such
debts, contracts, obligations, OF faults, in any
tufther sum IMAM the unpaid balance, II any,
due by him to the corporation on the stock
owned by him; nor shall any mere infor-
maiity IN organization have the effect Of rem