The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-18

its stockholders and any and all other per
sons ami organizations tina: 1t may desire to
serve.
90 To collect accounts and claims of every
kind and nature and to charge fees or other
considerations therefor.
(c) To adopt and advocate the general use
Of such uniform rules and regulations per-
tanning to the credit and collection depart
ment OF businesses as shall tend TO promote,
by all legal and equitable means the general
prosperity of dealers engaged therein.
I'D To acquire. hold, own, sell or otherwise
deal in stocks, bonds, commercial paper, &C
counts, or any other evidences of indebted
ness of its own of my other person, cor
pOration organization, and to exercise any
and all privileges and powers which natural
person might have or exercise in respect to
same.
(e) To acquire, hold, deal in, own, rent,
lease, sell incumber and convey real estate:
CD To transact any, and all other lawful
business of every kind and nature incidental
to any of the foregoing.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum Of FIT
and represented by five hundred 600 shares
of the par value of one hundred dollars
$4,000 each. This company shall have the
right to commence business and be a going
concern when fifteen thousand dollars (Sl5,-
0O000) Of the capital stock shall have been
subscribed for. All stock subscribed for shall
be paid for in cash or property received upon
rectors shall prescribe.
No other or further subscription to stock
shall be received by this corporation, except
ing the original subscriptions, without the
in Office, and no other stock shall be issued
by the corporation, excepting with such
unanimous consent
No certificate of stock shall be issued until
admitted or held to bs valid or binding so
far as the corporation is concerned, unless
made upon the books of the corporation.
ARTICLE V. All powers of this corpora:
ton shall be vested in and the business and
affairs shall be managed by a board of di-
rectors to consist of not less than three nor
more than nine stockholders, who shall be
elected annually at meeting OF the stock
each and every year, except the first board
of directors, who are declared to be Clar
ence o. Wilcox, Owen x. Parker and Lewis
o. Shackelford, who shall serve in that ca
pacity until their successors are duly elect.
ed and qualified. All elections shall be held
by ballot at the Office OF the company under
the supervision of two commissioners TO be
appointed by the board of directors. Notice of
such meeting shall be given by the secretary
in writing, delivered to each stakeholder in
person or mailed to his last known address at
this notice may be waived by the unanimous
consent of all the stockholders.
At all such elections and at all meetings of
the stockholders, every stakeholder shall be
standing in his name on the books of the
at the date of such election meet
ing; said votes to be cast in person or by
written proxy, and a majority of the votes
shall elect.
The failure to elect directors at the annual
meeting shall not dissolve or affect the cor
poration nor impair its management in any
respect but the directors in Office shall re-
main in office until rneir successors are
elected and qualified.
Each board of directors shall elect as soon
as possible after their own election a presi-
dent, vice president, secretary and treasurer,
and any two of the offices of said corporation,
except those of president and vice president,
may be held by one and the same person at
the same time.
The first officers of the corporation shall be
as follows:
Clarence o. Wilcox, PRESIDENT; Owen R.
Parker, vice president and secretary, and
Lewis o. Shackelford, treasurer, who shall
hold Office until their successors are duly
elected and qualified.
All vacancies in the board for whatever
cause shall be filed by the remaining direc-
tors. Any member of the board may appoint