The herald., 1914-10-29
of each year. The first election to be held in

of each year. The first election to be held IN
the year 1915.
All elections shall be by ballot at the Office
of the corporation, under the supervision of
three () commissioners to be appointed by
the board OF directors, and, in the absence of
any commissioner, the president shall have
the power TO I'LL the place by appointment,
and if all such elections, we'll as meetings
of stockholders, except for the purpose OF
liquidation or dissolution, otherwise
required by law, ten QO) days notice shall
be given by mailing 20 each stockhoder who
appears as such upon the books Of the COM
pany, at his last designated address or to the
General Delivery at New Orleans, if he has
not designated an address, an announcement
stating the time and the place of the meeting
Each shareholder shall be entitled TO one
vote for each share of stock standing in his
name on the books of the company, cast in
person or by proxy, and the majority of the
votes cast shall elect. The board of directors
shall have the power to fll all vacancies that
may occur on the board. Failure to elect
directors on the day above specified shall not
dissolve the corporation, but the directors
then in office shall remain in Office until
their successors are elected, and qualified.
Due notice OF another election shall forth
with be given, as above provided. Such no.
tice of election shall be continued TO be given
until an election is held. The board Of di-
rectorS at the first meeting following an
nual election shall elect from their number
president, vice president, a secretary and
treasurer, all of whom shall be stockhold-
ers, and such other officers as the board shall
deem necessary. The board shall have the
power in its discretion to unite two more
of the above or other Offices and the same to
confer upon person, and shall have the
power to fix the salaries of all officers and
Of such other officers they deem necessary
The board of directors shall have the power
to make and establish. as we'll as alter and
amend all bylaws, rules and regulations nee
essary and proper for the support and man
sgement of the business and affairs of this
corporation, not inconsistent with its char
ter
The said board shall also have full power
and authority to borrow money through tn,
president some other duly authorized agcn
or agents; to execute mortgages and ISSUE
notes, bonds or other obligations in such
| manner and on such terms in their judg
| ment may be advantageous, and generally L
| TO all the things necessary for the prope
| carrying of the business of the said cor
poration; as also to issue and deliver full
paid shares OF stocks and bonds othc
| obligations of the said corporation in pay
| ment of the money borrowed or money, labor
services, property or rights actually received
| by the said corporation, as heretofore Sc
| forth. AT any meeting of the board of di
| rectors, any director absent from the meeting
| may be represented by any other director
| who may cast the vote OF said absent dIrec
tor, according to the written instruction
of the said absent director. The board of di
| rectors shall have the power, by vote o
| not less than two (2) directors, to sell, lease
mortgage (by bond mortgage or otherwse)
or to pledge any all of the property, NOV
able and immovable, belonging to the cor
1 poration, or TO receive in exchange therefor
| money or stocks or bonds or other obliga
| tions of another corporation, withut referrin
| to the shareholders for the power to do 81
And they may also purchase for stock in thi
company or for cash or on credit, property O
| any kind required for any of the purposes c
the corporation, without authority of tn
shareholders.
Until the next meeting 10 be held unde
| this charter, or until their duly qualihe
| successors are eelcted and installed, the boar
| of directors shall be composed of: Henry 4
Waters, Henry J. Stouse, and Walter l
Stouse, with Henry II. Waters as president
Walter p. Stouse, as vice-president; an
Henry ]. Stouse, as secretary and treasurer
Article VI.-Whenever this corporation sha