The herald., 1914-07-16

of stock shall ipso facto forfeit his seat on
the board of directors.
Notice of said election shall be gwen by
publication three times in ten days IN one
OF the daily newspapers in the city OF Ne"
Orleans The election shall be by bal!ot
and shall be held at the domicile OF the
corDoration under the supervision OF three
stockholders. who shall not be candidates
for election. appointed by the board Of dl-
rectors at the last preceding regular meeting
thereof. s.
for sixty days preceding any SiockhoiderS
meeting, and represented thereat, shall be
entitled 10 one vote; provided, no stockholdei
name. irrespective of the number OF shares
0,yre1 by him. The stockholders receiving
a plurality Of The votes cast shatI DC de-
clarcd elected The failure 70 hold an elec-
ton on the day designated shall not dissolve
The. corporatIGu. but the directors IN o'nce ShaL
serve until their successors are elected
should no election be held on the day spec
ned the board shall tx another day, due
notice Of which shall be given as above pro-
The board Of directors shall meet and OF
gauize within twenty days alter their eIee-
,ior Five directors shall constitute a quo
nm F,- the transaction OF business. The dl-
rectors. including the t-st board named IN
this charter. shall annually eject from thSH
number a president V'oe-president' secICt4iS ',
treasurer. an attorney or attorneys. ana
notary The office of secretary and treasurer
NAV be held by the same person. Inc b"aTs
shall appoint or elect such other otnccrS ani
r-rpl1yrS as may be necessary. IheN ShAll
TX The. conversation Of al officers and riI-
rlnyts They shall have authority 70 eHac',
repeal or amend bylaws rot rePugnant 10
this charter; 10 select place Tor meetings
fp su,perd all officers or employees tor neg.
l,rt Of duty or misconduct, and IN case ol
any vacancy on the board OF among the ON
GERS from death, resignation or any otheT
cause. the directors shall have the night To
iii such vacancy They shall have general
authority TO carry ont the objects and bust
ness Of this assoc alton.
All loans shall be made under the control
and direction Of the board OF directors, VINO
shall have the power to make such rules
regulations or bylaws, regulating the same
as thev may deem necessary and eNpedlent
They may delegate TO 4 committee 70 be
called the executive committee. such OF me
rowers to be exercised by them as they
may see ft. particularly pertaining to loan'
or real estate when prompt action IS required
but they shall not have the night 10 purchase
real estate except for cash, or 10 contTac
any Indebtedness without the affirmative
vote OF al least five directors. and then only
in i,rtherauce Of the usual and proper busl
ness of this association.
Article NI.-ThIs association shall have IN,
| right and power 10 merge or consolidate WIZ
anv similar association or 10 acquire unue
| such terms and conditions as may De hNe'
| bv the board of directors, the property, as
| sets rights business, etc, OF any other cor
| poratiou or corporations having the same 90
this ASSOCIATION, OF Sllul4dl hbJCNN'
and to make all necessary contracts ana ar
| rangerents with such corporation or corpora
| tions and the stockholders thereof: Provided .
| that no such merger or consolidation shaI
| take place unless threefourhs Of the stock
| holders Of this ASSOCIATION present or repree
| sented al special meeting called tor IN
| purpose shall approve and adopt such course
| Article NII-Until the election 10 be hell
on the second Wednesday Of March III
and until their successors shall have bcel
| duly elected the following named stockhold
! ers and those elected by them shall consu
/ tute the FIRST board Of directors OF this asSo
citation, to-wit: Joseph T. Lescale, Victor
Sylvester. Edward Itayem, Andrew NJ. Buch
mann. Manuel Estalote, George A. Miller
| Adolph II. Ehrensing, AleNander Dussel
Charles F. Grundmann; Cri7h J. Virgin, ,, Car
Srllen, Tohn f. V. Holzer. August c. POsner
Toseph / Irwin, Arthur A. Moreno.
Article VIII-No stockholder shall eve
| he held liable or responsible for the contracts
| faults or debts Of the association, in an,
| further sum than the amount Of his Indebt
edness to the association; nor shall any Tner'
| iuformality in its organization have the ehec
OF rendering this charter null. or OF exPosini
a Shareholder to any liability beyond tht
amount due on his or their shares.
Article IX.-This charter. may, be altered
| amended. or this corporation dissolyed o;
| a vote OF three-fourths of the capital stool
subscribed for represented at any genera
meeting Of the shareholders called for tha
purpose after due notice in writing maile'
| OF residence and the publication Tor ten day
| in a daily newspaper published IN New Ut
leans, of the notice of such meeting. And II
case of dissolution the stockholders at suc'
| meeting shall elect three commissioners VIII
| shall be shareholders, who shall have .powe
| TO completely liquidate the affairs of this cor
oratpion and such commissioners shall nav
authority to fill vacancies occurring IN the'
| number.
dav, month and year first above written, 1
| the presence of Mary A. Kier and Walter h
| Thus done and passed in my othce, on IN
! Mott, competent witnesses, who have signe
| with the appearers and me, the notary, atte
| reading the whole.
| Witnesses:
| WALTER X. MOTT,
| MAY A. kerr. -
| ANDREW NJ. BUCHANAN. Not. Pub.
| I hereby certify that the above and fore
| going is a true copy of the original act {
| INCORPORATION of the Conservative Homestea
| Association, except that the names OF the SUI
| sc-ibers thereto have been omitted.
| ANDREW n. BUCHMANN, Not Pub.
| New Orleans, La, June Is. l9li
| l. the undersigned recorder OF mortgages, !
and for the parish of Orleans, State of LOUIS
ana, do hereby certify that the above an
foregoing act of Incorporation of the Conserv;
tive Homestead Association was this day dul
| recorded in my office. in Book ll27, folio -
EMILE !. LEONARD, d. r.
| New Orleans. June IS. 1914.
june 25 july 10 q 90