The herald., 1914-07-09


] expressed on every certificate Of preferred
stock as a notice thereof 10 all purchasers
and holders, thereof
! The board OF directors OF tins corporation
| shall tc further authorized % employ, 81
! such times and ln such am NUS, as I' -uNr
deem 'NFct'e";, the "ei profits Of 'he o4-s7'
au.u IN the pu-yhaSc q the preferred S,u.A
! 4 the cnsrora'.0u a. one hundred and Eve
. dollars 5. l.s.' l"r share. The stock So pm.
chased sa-. oc cancelled aud rot asa'n &C.
issued
] y shares Of second prsir-ryI STOCK hl. be-
called ~ o- purchased ana. aA a; n, FIRST
iD'r'es-rt Stock shall have been called )" nr
/ Holders OF preferred STOCK shall not have
he Esh. {" vote AZ SioC -h.'icTN mee''"s,
ieN.rit as aerc."aiier provided
Any >:'es eshn1der dcS'ri"S % sell. a~S'kn.
or transfer his stock 10 the curTor''s"" must
trSt give 'htr'y DAYS no''c" - has 'ntcu;io"
{" the board OF directors. Which shall AAvt
purchase and S,oeN AZ ~ ma'nc; value p'o.
Eldci thai Preferred S'oCS so rendered may
oe purchased AZ one hundred and 1--we doI."-'
$50 per S."ic. -....-,..-. .... ...,.,-.
to the above cond,u uous. be tEaus:rrahie only
on the books OF the company ~ ii> ONCE in
Ne" 'f't'hH' louisiana ana on surrender o!
'he certificate therefor.
40 L14Ir'SI oi any ll1s,..haI' P''' ''
share shall De made or permitted.
This corporation shall become gong con.
Germ and commence business as soon aN on"
hundred thousand dollars Si",'''l OF rs
cap'.H! 'iogh SL%" nave beeh >H'r.'i'el
Hi'tN'c - l''V N'ilo'a'' P,'"''N '' A''
company shah he vested IN and exercised ~
board OF nne 90 directors except IS mere
matter provided. consisting o. a WeNlG'H''
hrst wee president. second vice president
secretary treasurer and hye Stockhoidef,
rave OF Said board Sh"'t constitute a
quorum ior the Transaction OF business Ani
'hTii dryls'2ns >haI. Ie Vand %|'1w'e w @ aus
| INC hINt boSII "i directors Nh.,' "e com
("-ei Ci ,hc io"oTing RANK McI1nshhn'
Frank J Lobraro' Edwin II. Jones lohu II.
fAS'efHns. I'einent >. a,fon, ESu. l MS''
|
t-auRh'!h Sh"H DC Pys'ue'i; lH"S > -
n'"ho hist Eile PIes,He"y' ~ ,}..S -
. second wee pfcsiientii John ~. t"Steiilns
secretary treasurer. lhcy SuAh oe an'"2'
Fed ~ hoId meetings ana exercise an thc
powers 81 TINS 'ofp"iauon until the eir't"n
's thc t%'dSi' OF hrNt Ptetc'ieu s'o'A o' ~
! Add'uotal directors as heTcinaitc IT'Nil"d
| N'll h'HLu OF directors Sha.! holh ounce IuI'
're htSt Monday IN June Nl'' or nnti thrir
successors are elected ana qna!hed pullrs
the absence oi the president the "rSt FiTe
ITcSIncHt ShAIl Prcsidc AZ a'' meetings OF H'
board u directors and during the A6S"H'e OF
both; the second Eioe-prrsiHeh' Shai p'">i"e
At all Sa'i meetings.
Within sixty days from date h"rod me
I holders OF hfst preferred STOCK ShAII 'ieci
two additional members "t me bond ana
J they ShaI! hHId once un'h thriT successors
are elected and qudIIhed as hereinafter pro
vided.
Written notice ct sald election add,ssI, !
D last known place OF residence appearing on
the books oi the company Shail pe sem pS
, the president al ieaSt zen Gays Ptl"r 10 US
date on "hlch he Sald cleouon - 'a''cd
Two commissioners Of election shall be ap-
pointed TO PRESIDE over sald eISStioh As pI".
Eided hfft1h i"t '"e 4il'u@i eleS.l.u VI uT TT
board OF directors. me Sald eIec'lon Sha'l
be by ballot at me once 1i me company IN
the city OF New Orleans louisiana between
the hours OF ten a. m ana t"o cioSk p IL:
and the majority OF votes cast taCh snare o,
y FIST preferred stock voted upon 10 he counted
for one vote, shall elect the person or per
> sous Tor whom they have been cast
The annua! election OF the board Of d!reI-
! tors shall take place on the hrst Monday IN
. ! June oi cach year commencing WIN i'e h'Sii
|. Monday IN June l9l;. NheneVcr me sald
day shall he legal holiday, the election
shall De held on the next legal day thereai-
ter. Notice 81 Sa1d election snail be gwen ny
at least ten days written notice hy regis,
ttrCi man sent 20 eaEn StnChHoiIeI I' tc'"' u
at hiN last known address on inc DOCKS OF
the company. Inc hoard ot directors shd,'
r appoint Two stockholders 10 PRESIDE al suCR
elections as commissioners. In the event oi
iaI'uFe oi any Soinnlss,i11uet OF '1ll'iiis' ms
Sioners to attend. the president shall by. sp-
poIntmeni M the vacancy. Any faiIuTe rom
any cause "Eate.sr 10 eLeSs XII , ." dY i
, day named tor mat purpose shalI not Ils-
solve the coTporStloh' nut Ihe uit''Iis @ I"eh
IN Once 3> wei as inc oACtLs OF n lle CON-
pany Snal 41'I oyer n,'i ~. .y nrrsdent sSa
can another eiection 10 De nsId Nl'hln I'M Ilaiy
DAYS ana ShIli give "o''ee 'ne'eo' "S "e'''
before provided. I;-.o.o-s sb,rr l., b, b,rro,
, The election OF directors shall DC Dy oaliot
al me once OF 're CoIpo' !tlo" III 'no N,oJ ~
Of New Orleans, between the hours OF zen
! o'clock a. m and two O'Clock ?. m. ana INC
majority OF votes cast, eacn share OF stocEE
voted upon TO be counted Tor one vote vote, Sha.i ,h
} elect the person .r or persons ior whom y they
) have been cast. Inc holders OF common sIoSN
shall elect seven directors chosen from the
/ holders OF common stock and the holders oi
/ the hrNt preferred stock snail eieet Two Gl
TeGtors who may be holders OF @ Ireierted Sio.h
When the hrSt preferred stock shall nave Deen
called in or purchased the holders OF second
/ preferred stock shall eject TWO difeflofs @ 3.
{ There shaIl De separate OaLiot ooHe ,i III
I Nhen an OF the pIeieIieu s'oSh SN"'i ''e~'
the board Of directors. ,.
= Alter each eleetior inc oodlu oi L tie'e4 %.