The herald., 1914-07-09

of stock shall ipsO facto forfeit his seat on
Notice of said election shall be given by
publication three times in ten days in one
Of the daily newspapers in the city OF Ne"
and shall be held at the domicle Of the
corporation under the supervision OF three
stockholders, who shall not be candidates
for election. appointed by the board OF di-
rectors AZ the last preceding regular meeting
Each share of stock which has been in force
for sixty days preceding any stockholders
meeting, and represented thCreat, shall be
entitled 10 one vote. provided no stOCkhoideI
shall east more than thirty votes IN has own
name. irrespective Of the number OF SHARES
owned by him The stockholders receiving
4 plurality Of the votes cast shall be de
clared elected The failure 10 hold an elec-
ton on the day designated shall not dissolve
the corporation, but the directors IN Office shall
serve until their successors are elected
Should no election he held on the day spec'-
fed. the board shall hN another day, due
notice Of which shall be given as above pro
yded
The board OF directors shall meet and OF
ganize within twenty days after their elec-
ton Five directors shall constitute quo
rum for the transaction OF business. me di'
recto-S including the first board named IT
this charter shall annually elect from their
number a president. vice president. secretary
treasurer, an attorney or attorneys, ana a
notary The Office OF secretary and treasurer
NAV be held By the same person. The boars
shall appoint or elect such other ot1cers ana
employees as may be necessary. They shall
hN the compensation OF all ofhcerS ana en-
ploveS They shall have authority TO enact,
repeal or amend bylaws not repugnant 10
this charter; 10 select place for meetings
10 suspend all officers or employees tor neg.
lect OF duty or misconduct, and IN case oi
any vacancy on the board OF among the ofh-
GERS from death, resignation or any other
cause, the directors shall have the right TO
I'LL such vacancy. They shall have general
~ the pl l.
ness OF this association.
All loans shall be made under the controi
and direction of the board OF directors who
shall have the power to make such rules,
regulations or bylaws, regulating the same
as they may deem necessary and expedient
They may delegate 10 4 committee TO ne
called the executive committee such OF the
bowers to be exercised by them as they
may see fit, particularly pertaining 10 loans
or seal estate when prompt action IS required
! but they shall not have the right to purchase
I real estate except for cash, or TO contract
any Indebtedness without the affirmative
| vote Of at least nve directors, and then only
| in furtherauce Of the usual and proper busi
ness OF this association.
| right and power TO merge or consolidate WIN
! any similar association or to acquire undei
| such terms and conditions may be hXeC
| by the board of directors, the property, as
| sets. rights business etc, Of any other cor
| poration or corporations having the same oO
| ieCts as this association, or similar objects
| and 20 make all necessary contracts and ar
| rargemeuts with such corporation or corpora
| tions and the stockholders thereof. Provided
| that no such merger or consolidation shall
| take place unless three -fourhS OF the stock
| holders Of this association present or repree
sented at a special meeting called for th'
| purpose shall approve and adopt such course
| Article VII.-Until the election TO be helC
| on the second Wednesday Of March, 1917
| and until their successors shall have beer
! duly elected. the following named stockhold'
! ers and those elected by them shall consu
/ tute the first board Of directors OF this assn
| citation, to-wit: Joseph F. Lescale, Victor r
Sylvester; Edward Hayem, Andrew NJ. Bnch
mann. Manuel Estalote, George a. Miller
Adolph II. Ehrensng, Alexander Dussel
Charles F. Grundmann, Uriah ]. Virgin. Car
roll c. Johnston. Nathan Eisemann, Henry
| Joseph j. Irwin, Arthur A. Moreno; =,
Article VIII.-No stockholder shall ever
be held liable or responsible for the contracts
faults or debts of the association, in any
further sum than the amount OF his Indebt'
edness to the association; nor shall any merS
informality in its organization have the efec'
of rendering this charter null, or OF exposinR
a shareholder 10 any liability beyond the
amount due on his or their shares.
Article IX.-This charter may be altered
amended, or this corporation dissolved by
a vote, Of three-tourths OF the capital ., stocS
subscribed for. represented at any general
meeting OF the shareholders called for that
purpose, after due notice in writing mailed
to each shareholder at his last known place
in a daily newspaper published in New Or
leans of the notice of such meeting. And IN
case of dissolution the stockholders at Sucr
meeting shall elect three commissioners whc
shall be shareholders, who shall have power
to completely liquidate the affairs of this cor
oratpion, and such commissioners shall have
authority TO fill vacancies occurring in the-'
number.
day, month and year first above written, II
the presence of Mary A kier and Walter \
Thus done and passed in my Office. on the
Mott, competent witnesses, Tho have signed
with the appearers and me, the notary, afte1
| reading the whole.
| Witnesses:
| WALTER X MOTT,
| MAY A. kerr. -
| ANDREW NJ. BUCHANAN. Not. Pub.
I hereby certify that the above and fore
going is true copy OF the original act o
| incorporation of the Conservative Homestead
| Association, except that the names Of the SUD
| scribers thereto have been omitted.
| ANDREW n. BUCHMANN. Not. Pub.
| New Orleans, La, June Is, 1914
|. the undersigned recorder Of mortgages, II
| and for the parish Of Orleans, State of Louisi
| ana. do hereby certify that the above anC
| regoing act OF incorporation Of the Conserva
| tive Home stead Association was this day duly
| recorded in my office. in Book ll27, folio -
| EMILE J. LEONARD. D. K.
| New Orleans. June IL, 1914.