The herald., 1914-05-14

or other evidence of debt; to have and en-
ploy such managers, directors, officers and
agents, and other employees, as its interests
may require; and to make and establish such
bylaws, rules and regulations for the proper
management and control of the affairs of the
said corporation as may be deemed necessary
and proper by the Board of Directors; and the
same TO alter and amend at pleasure.
Article 1.-THE domicile of said corporation
shall be in the City of New Orleans, State of
Louisiana, and all citations and other legal
process shall be served on the President, and,
in his absence, on the Secretary of said cor
poratiOn.
Article III.-The objects and purposes of
this corporation, and the nature of the bust
ness to be carried on by it, are hereby de-
clared to be: To own, operate and maintain
veterinary hospital or hospitals, there to
care for, feed, house, attend, treat, operate
upon and prescribe for live stock and animals
of every description, and generally to do each
and every other act and thing necessary to
the maintenance and operation of what is
commonly known as veterinary hospital.
Article lV.-The capital stock of this cor
poration is hereby fixed at the sum of ten
thousand dollars ClO,0OOOO), to be represent
ed by four hundred 600 shares of the par
value OF twenty-five dollars (S2S00) each, and
three thousand dollars (S3,OOO.OO of said CAPT.
tai shall be subscribed to before the corpora
tion shall be a going concern and commence
to do business. All shares of stock shall be
paid for in cash, property received or labor
or services performed, and must be fully paid
before the issuance OF the certificates there
Tor, and shall be worcestershire; provided,
that the Board of Directors shall have the
right to issue said stock for notes, on terms
OF payment. Said stock shall be represented
by stock certificates, transferable only on the
books OF the corporation, on surrender of the
the outstanding certificate, or proof of loss
thereof, and under such rules as the Board of
Directors may provide. Before any stock can
be sold, 1t must be offered to the Board of
Directors, who shall have the option to pur-
chase same at ITS market value within ten
days after said offer in writing.
Article V.-The business of this corporation
shall be conducted by a Board of Directors,
composed OF four a. stockholders, who shall
be elected by, majority Of the stockholders
on the hrst Monday Of January of each year.
ELECTIONS Of officers and meetings of stock
holders shall be held after ten QO) DAYS
notice in writing shall have been given,
mailed to each stakeholder Each share of
stock shall be entitled 10 one vote by the
owner thereof or his agent thereto duly au-
thorlzed. Three members OF the Board Of Di-
rectors shall constitute a quorum. The Board
Of Directors shall select from their number A
President, a Vice President, a Secretary and
a treasurer, at its first meeting after its
election. Any vacancy occurring among the
Board OF Directors or officers shall be filled
by the Board of Directors. Until the first
Monday of January, 1915 the following shall
be and constitute the Board Of Directors who
shall, at their first meeting after incorpora-
uon elect the above officers from among their
number, to-wit: DR.. Edward F. Karstendick
Dr. Chas. b. Maxwell, DR.. David A. MacLean
and Emile J. Bahr, and they shall hold Office
as such until the first Monday in January,
lSl3, or until their successors are duly elected
and qualified.
Article Vino stakeholder shall ever be
held liable for any greater amount than the
unpaid balance Of his stock subscription nor
shall any nformality in the organization in
crease this liability
Article VII.-This Act of Incorporation may
be changed, altered or modified and this cor
poTation dissolved at meeting of the stock
holders called for that purpose, with the as
sent of three-fourths of the stock, after ten
days notice mailed to each stakeholder.