The herald. [volume] (New Orleans, La.) 1905-1953, 1914-04-30
THE HER AID

ment, but the directors then in office shall
remain in Office until their successors are
elected and qualified.
The board of directors shall elect from
their own number president, a vice presl-
dent, a secretary and treasurer. lhey may
from time to time name and appoint all such
other officers and agents as II may deem
necessary for the purpose and business OF
the corporation. They shall have power to
Tx and define the duties OF every officer
and employee, ard all officers and employees
shall hold otHCe and employment at the pleas,
ure Of the board. The board may make and
establish as well as alter and amend any
and all bylaws, rules and regulations neces-
sary and proper, in its judgment, Tor the con
duct support and management OF the busl-
ness and affairs OF SAID corporation.
The board shall have full power and su-
thorIty 10 borrow money, execute mortgages
and create liens; 10 issue bonds, notes and
other obligations, and generally 70 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 n payment OF labor done,
or property actually received by said corpora
Article VI Whenever this corporation may
be dissolved, either by limitation or from
any other cause, ITS affairs shall be hqui,,
dated by three commissioners, 10 be elected
from among the stockholders AZ a general
meeting Of the stockholders for such purpose,
Of which meeting notice shall be given IN the
meetings by Article VII OF this charter, and
a majority in amount of the capital stock
OF said company represented al suCn meeting
shall be requisite TO elect. SAID commits
Sloners shall remain in office until the al
fairs Of said corporation shall have been IL
quldated In case of death OF one or more
Of said commissioners the vacancy shall be
filled by election by the surviving commits
Article VII. This act of incorporation may
be modified, changed or altered or said cor
pOTa;IOn may be dissolved with the assent
Of three. iourths OF the capital stock repre-
scented at general meeting OF the stock
holders convened for such purpose. and after
notice shall have been given IN one news
paper published in the parish Of Orleans,
once = week for four weeks preceding the
stockholdcr mailed TO him thirty days prior
20 the date OF meeting at the post office sd-
dress designated by him in writing.
ANY changes proposed or made IN refer
culc 20 the capital stock shall be made III
accordance with the laws OF the State OF
Louisiana on the subject Of altering the CapI-
fsl stock Of corporations.
Article VIII. No stockhOlder shall ever be
held liable for the contracts or faults OF
aid corporation in any further sum than the
unpaid balance due the corporation on the
shares Of stock owned by him, nor shall any
mere iutormalIty in the organize ION have the
effect OF rendering this charter null, or OF
exposing = stakeholder 10 any liability be
vond the unpaid amount remaining due on his
stock.
Article X. Fritz Salmen. J. A. Salmen
/ J. S Jones. /. +. Miles, Frederick Salmer
and John ?. Rausch have been chosen and
/ selected as the FIRST board Of directors OF this
| corporation. with Fritz Salmen as president
! John Z. RausCh as vice president, J. A. Sal
/ men as secretary, and J. s. Jones as treas
urer, to serve until the second Monday II
/ January, lgl5, or until their successors have
1 been elected and qualified.
The subscribers thereto have respectively
written opposite their names the amount OF
! stock in this corporation subscribed Tor by
each Of them, so that this act Of incorporation
! may also serve as the original subscription
! list Of said corporation.
! Thus done and passed at my office, in tn,
parish OF St. Iammany, IN the presence O.
| McSsrs. Arthur l.. Bear and A. Sidney Burns
| competent witnesses. Of lawful age, both o
! this parish who hcreuntO sign their names
| with the said appearers and me, notary, OF
the day and date aforesaid, after due Teadin.
F. Saimcn subscribes to IS shares, F. w
| Salmen, per +. Salmen, subscrlbCs 10 )
shares; L. T. Miles. per F. Salmen, SUBSCRIBE
to b shares; ]. :. Jones suhscribes to s
shares, John i. Rausch subscribes to s
! shares, l. A. Salmen subscribes 10 IS shares
| II. Flasdick subscribes to 25 shares.
! Witnesses: Arthur L. Bear, A. Sidnel
BENZ. NJ. MILLER. Notary Public.
! United States Of America, State OF louisiana
Parish Of Saint Tammany:
I certify the above and foregoing to be
| duras Trading & Development Company
| which is recorded in the Mortgage Office o
the Parish of Orleans, Louisiana, in Bool
BENZ. NJ. MILLER, Notary Public.
! l. the undersigned recorder Of mortgages
| in and for the parish Of Orleans, state o
| Louisiana, do hereby certify that the allow
, and foregoing act of Incorporation Of tn
! Honduras Trading and Development Com
| panv was this dav recorded in my office, il
! book lll9. folio rs. New Orleans, April 25
! 1914. EMILE ]. LEONARD,
by. Recorder.
| Mch26-Apr2- 9l6-23-3O