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

and organization of this corporation; also for
cash or in installments Of such amount as the
Board of Directors may determine.
The Board of Directors, as hereinafter
created. is specially authorized to dispose of
the stock OF this corporation, in whole or in
part, for any and all of the purposes above
stated, as in its judgment may seem fair and
proper.
This corporation shall commence business
and become a going concern soon as three
thousand dollars of its capital stock shall
have been subscribed; the residue of said
stock to be issued and payment made there
for subject to the action and call of the Board
Of Directors. Said stock shall be fully paid
at the time OF its issuance and, thereafter
worcestershire, and the capital stock may be
increased or decreased in the manner pro-
vided by the laws of this State
The parties to this act declared that they
hereby subscribe for the number of shares
OF said capital stock set opposite their re-
spective signatures hereto, so that this act
OF Incorporation shall serve as an original
subscription.
Article V. All the powers of this corpora.
ton shall be vested in and be exercised by
board of three directors, to be elected each
year from among the stockholders at the an
nual meeting; said directors shall be bona
hde STOCKHOLDERS, and the first board shall
! c. Mente, with the following officers: l.
I. Rhea, Jr., who shall be President; L. E.
Stafford, who shall be Vice President; J. c.
Mente, who shall be Secretary-Treasurer
Monday in January, 1915, and annually there
after except when such day shall fall on a
legal holiday, then upon the next following
lay.day, the stockholders shall elect a Board
OF Directors for the ensuing year, the board
already installed to continue TO hold over
until their successors are elected and quail
fed. The Board of Directors so elected shall
select from their own number the officers
poration shall be a President, a Vice Presi.
dent and Secretary-Treasurer The election
OF directors shall be by ballot, and the per.
sons receiving the largest number of votes
east shall be declared elected. For electing
directors or for any other purpose, each share
OF stock, whether in person or by proxy, shall
be entitled TO one vote, and a majority OF
the votes cast shall be required tn pass any
resolution or decide any question submitted
to the stockholders, except for the altera.
ton or amendment of this charter or for the
dissolution of the corporation, as hereinafter
Said Board of Directors shall have nower
and authority TO make all necessary rules
and regulations for the management onera.
ton and control of the business of the cor.
poratlon, as we'll as to make all ncressarv
rules and bylaws, with power TO fiji sny
vacancy occurring in their number or any
vacancy occurring among the officers of the
corporation, majority of the directors vot-
ing at one time, in person or by proxy. shall
be required to pass any resolution ~ sJon,
any bylaws and which, when so adopted
shall become valid, corporate acts.
Article VI. Notice to Stockholders-Notice
OF all meetings of stockholders for electine
directors or for any other purpose, except as
may be hereinafter directed, shall be given,
IN writing, by the Secretary-Treasurer. 10 he
deposited in the mail, at least ten DAYS prior
to such meeting, directed to each stockholde,
at his last known address appearing on the
books OF the corporation, unless said notice
is waived in writing, by all the stockholdeTs
appearing as such upon the books.
Article VII. Amendments.-This ar, NJ 10
corporation may be added to, modified
changed or amended. or this corporation NAV
be dissolved by and with the assent of IN.
holders of three-fourths in amount Of its then