The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-26


under the superyisrau Of three commission
rrs 10 he apDoIntcI Iv the board az directors.
Notice of such election shall he given hy
rh,. ,r-rcr.r,-r-eg-1Te~ OF the company 10y
uuIlr,ari1r flr not less than ten DAYS prior
thereto i'm a rrv~rare- published in the
civ III New Orleans.
At all such elections and 1T all corporate
meetings. every ,,pckhplder shall be entitled
d, .-4 I..r -.r each share OF stock standing
IN l.s name on The books Of the company, T.
be cas-. 90 person OF hv his written proxy,
and majority OF the votes cast shall elect
by dca,h. resigratIon 6- Otherwise shall be
filed bv election for the remainder OF the
term By the remaining directors.
failure 10 elect directors on the date above
~ucsrrcI shall not dissolve the corporation.
NOR impair I.a corporate management. but the
directors then an otngc shall remain in office
-ut.. their Successors are elected and quail
fed
The board # directors shall elect from their
own number a president aud a y.-e-prc- ideu'.
They shall also elect secretary and a tTea-
sure. or one person who shall Ice 10Th, either
II whom may or may not be members Of che
board. They may. from time To time, name
and appoint all such other 0rtSrrS and agents
It may deem necessary for the purpose and
business OF the corporation. They shall have
power TO fix and define the duties Of every
p.'.cr and employee, and all Otucers and en-
p.uyecs shall hold office and employment at
the pleasure Of the board. The board RAY
make and establish, as well as alter and
=
la'I0us necessary and proper in IT'S judgment
for the conduct, support and management ot
the business and affairs Of said corporation.
The board shall have full power and a.tHur-
Ity 10 borrow money, 20 execute mortgages and
To create liens; 10 issue bonds, notes or other
Obligations, and generally 20 do all things
reasonable. convenient and necessary for the
proper carrying on Of the business Of the
corporation
The board may issue full-paId shares OF
stock for cash. or IN rt-meut OF labor do.
alton.
Article Nl.-Nheucver this corporation may
be dissolved, either by limitation or from any
other cause. its affairs shall be liquidatcd By
three CowwlsS lonerS. 20 be appointed fr0n,
amongst the stockholders al a general meet
ing OF the stockholders convened for su-h
purpose. ot which meeting notice shall he
Stockh5Iders' meetings by Article Iii II this
charter, and majority IN amount of the cap
I,di stock 0i said company represented at slcl
meeting shall Zoe requisite 90 elect
Said commissioners shall remain in office
Hntl the affairs OF said corporation shall have
been iaItl hqmda'ed In case OF death OF
one or more Of said commits ,oners the va
can,y shall De filled by election by the sur
ylyIug commits siUurrs.
Article NII.-This act Of Incorporation may
be modified. changed Ok altered, or said coz
ppratluu may be dissolved with the assent Of
thrce-iougth, Of the capital stock represented
~ general meeting OF the stockholders con.
have been. given IN one or more newspaper
punished m the city ut New Orleans, once
week for four weeks preceding the meeting
and by a written notice 10 each stakeholder
mailed to HIM thirty days prior to the date of
meeting, At the post ONCE address designated
by him IN writing.
Any change proposed or made in reference
10 the capital stock shall be made in accord
ancc with the laws Of the state Of Louisiana
on the subject OF altering the capital stock
OF Corporations.
. Article Flll.-No stakeholder shall ever be
held liable for the contracts, debts or faults
o. SAID corporation IN any further sum than
me unpaid balance due the corporation on the
shares OF stock owned by him, nor shall any
mere intormallty in organization have the
effect OF rendering this charter null, or Of ex-
posing a stockholder to any liability beyond
the unpaid amount remaining due on his
stock:
. Hrticie IA.-Emie J. Bahr, Gerald NJ. Tel
ltIo' Euenne /. Loubat, Frank J. Lobrano and
OhdT!es ferran have been chosen and selected
as the hrSt board of directors of this coTpor-
aton WIN Emile J. Bahr as president, Gerald
VI. IeueIo as viee-President and Etienne L.
LouDat as secretary-trcasurer, to serve as
such until the first Monday in March. 1918,
or until their successors shall have been elect.
ed r and qualified.
Inc subscribers hereto have respectively
each OF them, 50 that this act Of incorporation