The herald., 1914-05-28

COO, divided into and represented by twelve
hundred shares OF the par value Of one hun
bred dollars lSlOCD each, which shall be pad
for in cash at such times and IN such amounts
and manner as the board OF directors may de
terrulue, or the same may be issued IN iull
payment for property actually received by or
services rendered TO the corporation, such
stock when so issued shall be full paid and
worcestershire.
Any director Of this corporation may give
to another director power OF attorney 10
represent him and vote IN his name Al any
meeting Of the board Of directors
Article ~ This corporation shall have
power and authority TO contract, sue and be
sued IN ITS corporate name. make and use
corporate seal, the same 10 change or aIiCr
a. pleasure; purchase, lease and hiTt real
and personal property and to sell, hypothecate,
mortgage or pledge the same to borrow
money, issue bonds, notes or other Ubllgd-
uuus; hire, employ and discharge al ON
GERS, agents and employees necessary IN the
management and conduct OF its affairs, and
to TX their salaries and compensation; 10
make such bylcaws, rules and regulations Tor
the proper management and eAPidiiloh ol NS
affairs amdy be necessary and proper, ana
alter, amend and change the same n pleasure.
Each board Of directors shall elect iron.
among their number a president and general
manager, wee president treasurer ana sec
Article V. The business and affairs OF
this corporation shall be managed and con.
duced 10y a hoard OF directors composed OF
OF whom shall constitute quorum Tor the
transaction Of all business.
Article VI The nrst board Of directors OF
tins corporation shall consist Of EttOrc Fer
-sta, Eugene Ansley. Justin Dcncchaud and
Edgar G.. Gould, with the said Ettore Ter
rata as president and general manager, ku-
gene AnsIey vice pre- dent and treasurer,
and Edgar G.. Gould. sc, .ctary, who shall mold
Office until the second Monday m January,
1919, or until their successors shall have
been duly elected and qualified
On the second Monday IN January, 'lS
and annually thereafter, an election for dl-
rcctors shall be held at the Office OF the cor
pUration under the supervision u two com
missIOucrs To be appointed by the prcsideni
after ten days prior written notice shall
have been given by the secretary To each
shareholder To he sent by mail, and the dI,
rccturs 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 10y ballo,
and a majority OF votes cast shall elect
and each share OF stock shall be entitled {,
one vote either in person OF by proxy at all
meeting OF stockholders.
All vacancies occurring in said board IRON
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 OF this corporation dissolved by
vote OF three -fOurths OF the shareholders pres
tut ana voting or represented hN proxy 81
a general meeting OF stock holders called
for that purpose after ten days written no
tiCc by mail to each shareholder, and suci
changes as may he necessary and made IN ret
crcuce To the capital stock shall require N
addition forty days in writing 10 each stock
holder.
Article VIII. Whenever this corporation !,
dissolved by limitation or otherwise, the al
fairs shall be Hquldated by two commi ssI9ner'
to be appointed from among the stock hold
crs at meeting called for that purpose after
thirty DAYS previous notice in writing mailed
To each stakeholder by the secretary. SAID
commissioners shall remain IN office until
the affairs Of said corporation shall have beer
fully Inundated. In case of the death OF
either Of said commits Siouers the survivor shall
continue TO act. All stock which IS TO bt
transferred by any holder must be trans
ferred upon the books OF tins corporation
otherwise same shall not be recognized.
Article IN No stakeholder OF this coTpor
alton shall ever be held liable or responsible
for the contracts or faults thereof N any
further sum than the unpaid balance due tC
nor shall any mere Informaity IN organiza
ton have the effect of rendering this char
ter null nor of exposing a stock holder e
any liability beyond the amount OF his stock
Thus done and passed in my notarial office
at New Orleans aforesaid, in the presence OF
Collin f. Mcneil and William A. Wenck
competent witnesses OF lawful age and re
siding in this city, who hereunto subscribe
me, notary, on the day and date set forth II
the caption hereof
+. FERRATA EFT AIS.
COLLIN f. MCNEIL,
W A WENCK.
VIM. RENAUDIN, Notary Public.
|, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State o.
Louisiana, do hereby certify that the above
and foregoing act of incorporation OF tht
Acme Gravel and Sand Company" was thi;