The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07

Board Of directors, shall have power and
authority g." contract sue and h. sued in
us corporal" name, To maxi and Use cor
pordir seal The Board of Directors shall
haev power Ia max" all bylaws rules and
regulations for the government Of the bust
Ness and affairs Of the corporation. To- al
ter and amend the same IT they deem drop
er: To order or make all sales purchases
and contracts hire employ and discharge
all employees. and fix all salaries and
wages, borrow money. issue and sim notes
purchase and rent property. grant mort
cages and generally do all things neces-
| Sary IN the tranSacting " the business
ana affairs of the corporation. to urr-
| scrih" method Of issuing the certificates Of
| stock. and To fix the terms Of payment Of
| the subscriptions To its capital stock
Article N.-All the corporate powers of the
! corporation shall be vested IN and exer-
ciSed by Board Of Directors Cwho shall
| be- StockholdcrsD and a majority of whom
shall conStitut" quorum for the tranSac-
| ton of business.
| All vacancies occurring in the Board of
! directors by death. resignation or other
wise, shall be- filled from the stockholders
! by the remaining members of the Board
for the uncXprcd term
The Board Of Directors shall elect from
their own number President and Vice
President and a Secretary. All contracts
and business transactions ordered bv the
Board Of Directors shall Dee executed and
signed as provided by the Board Of Dircc-
tors. All citation OF other legal process
| shall be served on the President.
| Article Nl-rhe first Board Of Directors
| shall consist Uf Chas. II. PcScay. G. H.
Nee 'onncIl and f. H. \ Wcndt with the
following officers ChaS H. pescay Presi
dent and General Manager. &. Il. Neon
nell Vice President f. T. \ Wpndt
Secretary, who shall hold their offices until
their successors shall hav" been duly
elected and qualified. ON the first Of Jan
uary of each year and annually thereafter
an election of Directors shall he held at
such place and such hour aS the Board Of
Directors may select. under the Supcrn-
tendence Of two commissioners appointed by
the President, and In" Directors then elect
ed shall Immediately b" indicted into and
| shall hold Office until their Successors shall
have been duly elected and qualified and
they shall at once elect President. Vice
. President and Secretary. All elections shall
b" by ballot, and ma iOrity Of the votes
cast shall elect. either in person 10y the
stakeholder or by proxy. selected by him
in writing, but no stock shall be- voted
which has been transferred on the books
: Of the corporation within thirty days prior
10 the annual election.
; Ten days notice Of all elections shall be-
y given to each stakeholder 10y written or
printed notice, 10 be- sent to him by mail
directed 10 his last known address or de
= livcrcd tO him in person tor bv notice
published in one or NOR" Of the daily news
i papers of New Orleans for ten days.
Article NII.-ThiS Act Of Incorporation
Il may be changed. altered or modified. or
], this corporation dissolved hv vote Of three
u fOurths Of the stock subscribed and paid
! for at any general meeting Of the stock
, holders convened for said purpose, after
Ing shall hav" been given by advert iSemont
- in one cor moret Of the daily newspapers
y published in the city ~ New Orleans.
u Artic" NIII-Whrn this corporation /,
1 dissolved. either 10y limitation Of its char
~ ter or from any other cause. its affair,
n shall De- lqudatcd by three commissioners
u 70 he appointed from among IN" stock
holders after twenty days prior notice
d shall have been given in one Of the dali,
papers published in the city Of New
Orleans by advertisements and hy vOt,
of the iHTifV stock gf said PprUgrgf lbI
. represented AT such meeting. said commits
soners shall remain in ofic" until the AZ
, fairs Of said corporation shall have hccl
H. fully liquidated and wound mp.
a. Article IX.-Nu stakeholder = this col
pOratiOn shall ever y" held liable ar r.
ls Sponsiblc for the contracts or faults Of sue
ay corporation in any further sum than the ~
ur paid balance due the corporation on IN
nd shares ~ its capital stock subscribed j.
a him nor shall any mere informallty in III
nd OrgH niZatiOn have the effect OF rCnderin
Is, this charter void or Of exposing the stool
nd holder TO any liability beyond the amour
n due on his stock.
lly Article X-No stakeholder shall hay
rs the right to sell or transfer his stock
no anyone. without first submitting II 10 n
res corporation In writing who shall have n
of privilege Of buying the sam" at its boo
Of value and II the corporation does not ava
or itself Of this right within ten days fr"
rim the reception 81 the notice then the stoc
ra- holder can dispose ~ sam" 10 anyone
IN The subscribers have set opposite the
set names respectively. the number ~ SHARE
10y subscribed for by each Of them So that ~
Act OF Incorporation NAV serve as n
The original subscription list
10 Thus done and passed IN my uhir"
10 said city Of New Orleans. on ~" IA
DR. month and year first abov" written. In ~
all presence Of the two undersigned "nIn"'i.'
or witnesses. residing I'm this parish who sd
ars hereto with tn" said app"ar"r- lrt me. %
tary public. after due reading ~ ne VINO,
Of iThe original Is -ignodl 'h1- ,
be- Pcscav. % shares: e. r. Mcconnell. "i
les share: + y. 4 Wcudr one snare ~, %.
DO Witnesses: J. Walton Sderrousc' fh''
ept : Gidiv" ... -. r.h
PIERRE n OLIVIER. Not, ~ W..
his 7 tho undersigned Recorder OF hnr
~ cages iu and Nor th" Parish "i ' ~ ~ ~
rty state Of Louisiana. DO hereby ,'TTriis ~" !"
va The above and foregoing Act ~ ih'"rp. .
nd lion Of tho Chas H. rrsray: Ing'Fis az, -
prs vas this dav dulv recorded 10 "'
and book 1927. folio 2. ,,,,
81 Vow orleans May I. l@it rn>- "a
ms { Signed EN'"'-
an tSeaI -f,f,ar ~
hy \ true copy Of rh" "''-''''
zed Of record PIERRE rs D. OLIVIER
its NAV : "a q IS june u