The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-18


! for in cash at such times and in such amount
! and manner the board of directors may de
| termire, or the same may be issued in full
| payment Tor property actually received by o
services rendered 10 the corporation. sucl
stock when so issued shall be full paid an,
| worcestershire
/ Any director Of this corporation may Civ,
! 10 another director power Of attorney L
1 represent MN and vote III his name a. any
meeting Of the board OF directors.
Article ~. This corporation shall have
power and authority 10 contract, and b,
! sued IN ITS corporate name, make and use
! corporate seal, the same 20 change or alter
| at pleasure, purchase, lease and hire rea
and personal property and to SELL hypothecate
mortgage or pledge the same, to borrow
money, ISSUE bonds, notes or other oblga,
tons hire, employ and discharge ali Off
GERS, agents and employees necessary in the
management and conduct of its affairs. and
10 TX their salaries and compensation; 10
make such byloaws, rules and regulations for
the proper management and EXPEDITION Of its
AFFAIRS amdy be necessary and proper, and
alter, amend and change the same 1T pleasure.
Zach board OF directors shall elect from
among their number a president and general
manager, vice president, treasurer and sec.
Rotary.
Article V The business and affairs Of
tins corporation shall be managed and CON
duged 10y a hoard Of directors composed Of
not less than four shareholders, a majority
OF whom shall constitute quorum for the
transaction Of all business.
this corporation shall consist OF Etto1e Fer
rata, Eugene Ansley, Justin Denechaud and
Edgar g. Gould, with the said Etturc Fer
rata as president and general manager, Eu-
gene AnSley wee president and treasurer
and Edgar g. Gould, secretary, who shall hold
ofnce until the second Monday IN January
1912 or until their successors shall have
been duly elected and qualified
On the second Monday In January, 1919.
and annually thereafter, an election for d.
TeCtors shall be held At the office OF the cor
pordtlon under the supervision OF two com
nlissiOnerS to be appointed by the president
after ten days PRIOR written notice shall
nave been gwen 10y the secretary TO each
shareholder TO be sent by mail, and the d.
-ectors then elected shall Immediately take
their seats and hold office until their success
sors shall have been duly elected and quail
ned.
All corporate elections shall be by ballot
ana majority Of votes. cast shall elect,
and each share Of stock shall be entitled to
one vote either in person or by proxy at all
meeting Of stockholders
All vacancies occurring IN said board from
any cause shall be filled by the remaining
directors.
This corporation shall commence business
and become a going concern at once
Article Viii This charter may be amended
Or altered or this corporation dissolved by q
vote OF thTec-touTths OF the shareholders pres
ent and voting or represented BY proxy at
a general meeting OF stock holders called
Tor that purpose after ten DAYS written no.
Z
manages as may be necessary and made in ref |
.rence 10 the capital stock, shall require in
ADDITION forty days IN writing TO each stock
Article VIII. Whenever this corporation is
lissolyed by limitation or otherwise tn. at !
airs shall be hqudated by two commi ssioners |
o be appointed from among the stock hold |
rs at meeting called for that purpose after |
hlrty days previous notice in writing mailed |
o each stakeholder by the secretary. Said |
on otnitilssioneTs shall remain in office until |
ne AFFAIRS OF said corporation shall have been |
uIty Hquldatcd. In case Of the death of !
lther oil SAID commissioners the survivor shall |
continue TO act. All stock which is TO be |
transferred by any holder must be trans
tkerwlse same shall not be recognized
Article IN. No stakeholder of this corpor-
ton shall ever be held liable or responsible |
or the contracts or faults thereof in any
uFther sum than the unpaid balance due to
he corporation on the shares owned BY him
or snail any mere Informality in organiza.
ION nave the effect Of rendering this char
eT null nor of exposing a stock holder TO
ny liability beyond the amount of his stock |
Thus done and passed in my notarial office
I New orleans aforesaid, in the presence of
oIlln +. Mcneil and William A. Wenck,
)mpetent witnesses Of lawful age and re.
iding IN this city, who hereunto subscribe
lelr names together with said parties and
e, notary, on the day and date Set forth in
(. FERRATA Ell AIS.
S &c, ( WF f 2MksSEiE, NI0
VIM. RENAUDIN, Notary Public.
l, the undersigned Recorder of MortSaSes
and for the Parish of Orleans, State OF
oulsiana, do hereby certify that the above
ID foregoing act of Incorporation of the
Acme Gravel and Sand Company" was this
~ duly recorded in my office in Book II27, |
lilo - '
New Orleans, May p, 1914 II
(SigLed) EMILE J. LEONARD, d. r.
| certify the above and foregoing to be a | |
lie and correct copy of the original act of |
corporation Of the Acme Gravel and Sand |
together with the certificate Of the
,corder OF Mortgages thereto appended, on =
{ and of record in my Office .
In faith whereof, l hereunto set nv hand
d seal this 9th day of May, A. D., 1914. .
SeaD o
Signed VIM. RENAUDIN, Not. Pub. :
ay Is, June II Is IS July >