The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-05


be IN 1910. Notice Of each meeting Tor such
T'tN''''H snail i,r dc.iNtitH, personally oF ny
dcposltiHs IN the post once, properly adj
dressed 10 each NtocA.oider, ~ least tttc""
days before SucH meeting.
All election, trr directors shall be hy l.''r.
and at every election each stakeholder shall
be entitled m person ar. Iy r-lxy 10 CAS-.
him. which votes may bee all cast r.r one peg
son, Or NAV be divided and cas-. t.r t,,n ..
more persons. as the shareholder may see nt.
aud the uvc stockholders rc.s,v.u- the g-c.r-.
est number o. votes a. each election shall
serve A. directors; provided that. D.. necessary
ou account % q TIE in votes, a second election.
shall be held d, between the persons -,.,iy.
~ the same number Of vote az thc rr-'.
election. and that. ~ case ur q ne at sad.
second election then the selection -H.. ..|
made by allotment. Sald board shall .u.r'uur
IN Office Tor one year and ur.l. Their ,.,..r.
Srr~ shall have been elected. ~gnrr.t fr t.r
foregoing provisions. all elections shall Pee
held ur i,- such ruIrs and lr-uI.tr.r- AS NAV
be fixed hy the board NJ directors
In case - failure % hold ary election. ,r. .
failure snail MT Forfeit th.a .Earr.r, bur ..
election shall be held as soon els nav .t
practicable after notice AS a...r p-.,sH,d
Zach board 90 directors. a. .'r rr-t na~..r-
after each election. >aa. c.r,. tom r.- r.....
Der a pIc,sdc", and q ,l,r-rrr- dent. ..t
shall also elect a secretary and Cd treasurer.
either or both OF whom may be members o.
the board, ami both nI VIII. offices Way 'r
4
may see ht.
4 majority OF the directors shall ..rsr..
'utc quorum 'nr she Transaction HI al t.-..
ness, and rvrrl vacancy ".,rr-su. un sand
board shall be allied 10y the remaining ti-r..
tors Tor the uucNpI.rd term.
The said board. OF such officer as 70 NAV
designate. shall have the poNr- o ~ ami
define the duties o. every ut'.rI and ,H.
piuyCc. ard all ntncerS and employees shall
hold olnce and employ Wcu' Al the pleasure ut
sad board. The board OF directors may make
ard establish us well - alter and amend.
all bylaws, rules and regulations deemed
proper IN ats Judgment for the conduct and
management OF the business and affairs ui
sand UoIp1ratloD- The board 90 directors
shall have the night and Powr- 90 borrow aru
lend money, 10 buy, lease, acquire, luUTHE,
and build upon real estate for the h.>iur-, u-
the corporation, 20 exercise all the puwrrN yr
the corporation, and 90 do any and all things
reasonable. convenient and necessary 20 ca'sy
on It> busucs, and manage lt- affairs.
General meetings Of the Stockholders shall
be held whenever ordered by the board 81 dl.
reCtuT>, OF the holders OF oue-iuurth ui the
outstanding stoch; and notice OF the same
shall be given as provided above for the an
uual meeting Of the Stockholders.
Article Wifi, a. any time, IN the judgment
OF the board OF directors, II shall be deemed
advisable. and for the benefit OF the corpora
ton, that It be dissolved, the board. within
ten days after the adoption OF resolution
10 that effect, by = majority OF the whole
board, at any meeting called tor that pur-
have received At least three days notice, shall
cause notice OF the adoption Of such rcsolu-
tion 10 be mailed to each stockholder, together
with a notice OF meeting OF the Stockholders
TO be held at the oiICe OF the corporation, 70
take action upon the resolution so adopted
by the board OF directors. Tins meeting shall
be held AZ any hour nNcd by SAID board be
tween the hours OF ten O'Clock in the fore
noon and three o'clock IN the afternoon OF
the day 50 named, and, on the day 50 dp-
pointed, the meeting may, by consent OF the
majority i'm interest OF the stockholders pres
cnt. be adjourned from time to time. and II.
at any meeting original or adjourned, two
thirds in interest OF all the stockholders OF
the corporation shall vote that a dissolution
take place. a certified copy Of such dis>piu-
tIon, signed by the presiding officer and sec
rotary OF the meeting, shall be filed IN the
office OF the secretary Of state. with a list of
the names and residences OF the directors and
, officers, certified to by the president and sec
Rotary OF the corporation. Ihercupon, the
secretary Of state, when satisfied by due proof
that the requirements aforesaid have been
complied with, shall issue certificate that
the corporation shall then stand dissolved,
and the board shall publish notice OF said
dissolution not less than three times IN Il
paper published IN the parish of the cOrpor-
atoms domICIe, and the corporation shall
proceed TO settle up and adjust its business
and affairs; provided that whenever all the
stockholders OF the corporation shall consent.
in writing. TO such dissolution. no meeting
filing such consent in the office OF secretary
of state, he shall forthwith issue his Certi-
hcate, and thereupor the matter shall he
proceeded with as II the dissolution had taken
place at meeting called for the purpose.
Article Widths charter may be modified,
changed or altered, or said corporation may
be dissolved, with the assent of stockholders
owning twsthirds OF the entire capital stock,
at a general meeting of the stockholders con
vened for such purpose, after notice shall
have been given, as provided i'll Article'N OF
this charter.
Article NIII.-Wheuever said corporation
may be dissolved, whether by limitation or
otherwise, its business and affairs shall be
liquidated by three hquidators, to be chosen
by the stockholders at general meeting con-
vened fer such purpose, at which meeting
all stockholders shall be entitled to vote each
according 10 his holdings, and of which meet
| ing Notice shall be given to the stockholders
as provided in Article of this charter; and
the votes of the owners of majority IN
| amount of the capital stock of said corpora
tisn represented at such meeting shall be re-
quisite to elect. Said liquidators shall re-
main in office until the affairs of said cor
psration shall have been fully liquidated. In
case of death or disability of any one of the
said liqudators, the remaining liquidators
| shall appoint successor TO such liquidator.
Said hquidators shall act either with or with
out court proceedings, as they may see MT,
and shall have. exercise and enjoy all the
' 30 nd nv