The herald., 1914-10-29
THE HER AID

ia.
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Article Ill The duwl0'-c 81 taiN '''I"i'-
tran ~hai. D." ,t ihr 0iiy "t New '.I'"''' j"
tile parish OF pr.'arF, state "' louisiana
Tn, rrr-1Icrr .f tins corporation, and I'm has
absence. rl,. yf.,-r,-,.-lIcrr and I'm the absence
.. both rF them. ale secretary Is designated
a- trr officer upon uhuw service ui citation
,r nv, other I.yal urt,,~, shall be made
-. ~ III .,...I .,l. s this r1-.
49, III -. a,.,. tI.,,-
l'.-''4 ~ ~, .(' r,Tt 49,, % L,,,1
I,.r ,r.u. .r..r,., ,i g, mar ,'tlvc ,t Two hun
I,.i aud rt,, dollars Is2=upo each which
shan, rf stock Shall be. p4id !ar lu cash. at
.,,r ri,t.. and I'm such amounts as the goy-
,~lrrrs committee NAV determine. Zach share
NJ ,r,,N shall Ir liable to q pru-ra'l assess
AZ the. of the govern. ~ COM
mittry. for the purpose of paying the uccr--
.,r. rri-uiry ,.<ptr,c- of the club and tue
taxes. insurance repairs and necessary CN-
r,u-t irr the proper care OF the property OF
the club. provided that the assessment 50
made shall not exceed the sum oi nifty dollars
tS5Nnu upon each share OF stock III any one
year. In addition To the assessment 'l S9'''
per year m any one year ihe kgNciilNh I'''-
uvttcc with the consent OF my per cent
| t5p'o) OF the capital stock ~ the cIup may
levy ard collect iuriHcT assessment N any
one year OF not exceeding twenty-five dollars
DS-5Um per share of stock. The regular assess
.-rHt ana Ihe sI'' ',ai ,, I'D. s,,E
ana i'"H "'1 VI. .'.'. ,.., -,,,,,.,. .r,.,,,
,'h''I'g"' - we 'ff,l.''''S IL
IN anu "t'" ''' 'N,.. - - ~, -
.' pay any ">N'>, - - -, n-
- .Lh - - L,II Iy rirr rh. governing
'"di's L sI'CnS - - - ''';,,L ;L, ~, Eli s,,rf
NI'..''''loS ET' 80 - ,b,r,y Ia.
| Anait '' aH',' VI, .L,-sL,Idar puLiir
"i'l'. "Iil'' ~ ,,.' IN III and ,rr net
>"''' Us ~ ','.'' III 80 r:cl 80, ,f, ~.
I.U,.'Ns ,.,, ,,,J s.II..rt. dre or, ,aid
- VI, va - 20 - ,,-J -lI ,s..-sr,c,,rs :
share or ShaTeS Gt 'i%IN, anu a., ,..,G',
.i,,Ii ,.,rs,,,D,. lien mon the stock upon
| Ni,d'' cons ''"'' Ct ~, -; l;t l. ,,J nm
"''S" S''"
P'IN'
| The whole OF SAID stock or any paft mere
| of. may be ISSUED ana delivered 10 any PEI
| son. firm or corporation tor the requirement
Of rights, privileges, irdnc4lNe' ana pore ~
or any part thcrtnt leased OF '"'lI"'ISu ny
| the Polo DUCK Slup or 10 any oliCT pei eo,I
! or corporation having property llSN> anu
| franchises. etc. purchased by the '"IP"'aii'','
| also tor caNh' or III Nl.'> VI 9oS'
amounts as the governing committee may uS
| tCrmInc.
| The governing committee. by th1S charter
created +, specially authorized TO dispose 81
/ rhe stock for any OF the purposes above stated,
as in It's Judgment seems nj, and such sale
| shall as lar as possible or practicable, IN the
! oriniou OF the governing committee, be made
| To- nonresident subscribers, the governing
committee shall be authorized to sell the re
I r,airIng shares of said stock TO residents.
| -, .,,,i.,I .,,.L of This c,r.
| -, MI be r,iJ for in money or for
- Jar,. r serires rendered. or such shares
| - -."'', ~ ;s,,.J ~ drI,yrrrd for other Drop.
! o." -, - f-,,,L;ses IA be taken ar.
! cry i'sn, ,.j - I,, ,L. -o-ror,tior, for its
NCp,Su 80 ,,r.es At Surb valuation and upou
! .,,rh trrrrs for said shares is the board OF
directors may determine and direct from .i ,l'.t
| 10 time to be exponent lne Sdpl,JS' - -
oi the corporation may Ie ny ~ T. ,,,,,t,
| duCeu py, PIoCttu'"s' '' go
| prescribed by law. = H.. .,-
| The shares OF the Caplta' sl'NA Vi t't' -
poration may be lssuGu I%' fr sc,,cr nm
done or selNlIeS b;as yb;rL NV he I'M.
crty rights ana iTdhCn'ses' Wiz ny ~ H.
paid Tor or SNCHd'lSeu a'lu - II
| company. Inc Eaiud'ion Vi any "a ~
rights, contracts LABOR OF selS iCes az @ P.UP
| erty, movable immoVaoIe ana I'.Nea; .;I "a H.
real or incoTporeal' aCCepIcu a,u r. IC.Il',u -
| the c"fpora''IH IoI ~ NIt.Pi - ar,, ot
payment, exchange or othet"ise loI dis ~ ~
| the shares or Capltal sIoON Il 'I.ls ~. - 80 :
and hXed by the bodt9 ol uliE , ~ ~ -
terms and conditl0hS l3' 'I'e lSsus..Ie lSI; ~ -
| shares OF STOCK shal! Ie - .Ir ,ersonS
OF such Haluatioh' "Hu any @ al'u a.. s,lL
partnerships, associations, CoIPTl ".LGl', 80,
| holders or credliors GedsiIs WI - - ~ Il
uon are CohCluueI 'hSi ,;.,i,,,' 80 rarno~a
| persons partnerships 80 r; =, u
| uonS, stockholders OF 0ieuIiolS uCa''Ls sLt :,
TINS corporation HetSoS a-io;1ai ~ S,hsc
,' ~ awners of such shares Of tn,
f"ooi.,I 81 iss,ed 10 H. him her or them
| =, tna,r,ert ny exchange for labor done or ser
y;cfS rrndered. or for such rights, franchises
! l;,s co,,,racte and property valued BY tn,
| i J;rsctors as aforesaid. and each, ev
oon'u ,d n Nv and ali contract. contracts o
~ -, - -, ID bv or entered into with th
u,uS. a,;o,e sbsu he subject to this provision
- r. cLartsr
VI
| Article N.-All of the powers OF the san
| corporation shall be vested IN anu eNSIVsS'
| by the governing committee, composed OF
president vice-president, secretary and treas
urer, a captain and two stockholders' VINO
with the aforesaid officers, shall be electe'
| annually on the 18th day OF July IN each year
All such elections shall be by ballot and con
Quoted under the superintendence OF a com
, | missioner of election to be appointed Dy IN
governing committee and OF suGh electons d
well as OF all meetings of stockholders, eNSep
!, | as otherwise named by law, ten (lOl day
written notice shall be gwen by malllns !
each stockholder, who appears as such on IN
books of the company, at his last known au
dress or IN default thereoI al s.e ,n al an
| livery at the new VI PoSt L., of ,L
nouncement stauhS INC u.iC iS aIlf iEacb stocL
meeting ana the purposes liieLeoi. so - e. go
holder shau pe e5;e, enaiSieu :; =; b;s nsTe on m
Nk