The herald., 1914-09-17

said stock shall be issued by the board OF
directors as they may see At and proper.
All shares of stock must be paid for in
cash, its equivalent, property received or la
Dor performed, and must be fully paid for be
fore the issuance Of the certificate therefor,
and shall be worcestershire.
Said stock shall be represented by stock
certificates transferable only on tbc books
Of the company. the surrender Of the out
standing certificate, or due proof Of loss.
Before any stock can be transferred, u must
he FIRST offered IN writing, and al its book
value, 70 tho board Of directors Of the cor
pOration, who shall have the option OF pun
chasing the same at the SAID book value at
the time the said stock Is offered and should
the directors fail To make purchase OF the
said stock within thirty days from the time
Of offer, then the holder and owner Of the
stock may dispose Of II on the open market
The said capital stock OF this corporation
may be increased or diminished by proceed
ings taken IN accordance with the laws OF the
state OF Louisiana.
Article N.-Thc officers Of this corporation
shall consist Of a president. vIce-presldci.t
and a secretary treasurer, all Of whom shall
together constitute board OF directors. two
Of whom shall constitute quorum for the
transaction Of business. and all corporate
powers shall be vested m and exercised by
this board Of directors The board Of dircc-
tors as first constituted and the officers shall
consist Of. ". {. Beck, president: C. 4
Beck, yice-presidrut; Duncan McStravicE,
secrctary-tr all OF whom shall sCrvr
until their successors are duly elected and
qualified, on the second Tuesday Of July,
lqls
The said board Of directors shall be elected
annually Thereafter. on the second Tuesday
m July. Of each year. or as soon thereafter
as possible. at a stockholders meeting. con-
vcnct for that purpose.
Each share OF stock shall he entitled TO one
vote, 20 be cast 10y the >'ockholder either IN
person or by proxy. The majority Of the
stock present, or represented, by proxy, shall
elect. The annual meeting for the election
Of the board Of directors shall be preceded by
ten days notice mailed TO each stakeholder
to attend the said meeting.
Article Vino stakeholder shall ever he
liable or responsible for the contracts or
faults Of this corporation. nor shall any mere
lutJrmallty IN the organization thereof have
the effect Of rendering the charter null. or
Of exposing a stakeholder 10 any liability,
beyond the amount due on his capital stock.
Article Widths act of incorporation may
he changed altetercd amended or modi-
ned, or the corporation may he dissolved.
with the assent Of three fourths Of the stock
represented at a special meeting called tor
that purpose, after its objects have been
made known by ten days previous notice in
holder n his last known address and upon
complying with the laws Of the state Of
Louisiana. Whenever the corporation Is dis.
solved its affairs shall be liquda'ed by two
commissioners or lquidarorS. appointed from
the stockholders by the board Of directors
Thus done ard passed IN my office IN the
city OF New Orleans, state OF Louisiana. on
the day month and year first above written.
IN the presence Of Justin Green and Sol
Weiss, competent witnesses. who hcrcuuto
sign their names with the said appcarc-s.
and me, notary. after due reading Of the
whole, the said appearerS subscribing the
number Of shares of stock set opposite their
respective names.
Original signed W, c Beck, Katharine NJ
Beck, per w. C. Beck; Duncan McStravick
l.. w kurten, {. A. Beck. per ". c. Beck
Gus Beck. Witnesses: Justin Green, Sol
Weiss.
LYLE SAXON. Notary Public
!. the undersigned recorder of mortgages. in
and for the parish Of Orleans, state Of Lou.
ISiana, do hereby certify that the above and
foregoing act of Incorporation Of The W. C.
Beck Co., Limited" was this dav duly re-
corded in my office. in book ll27, folio -
New Orleans, Parish OF Orleans State Of
Louisiana, this 18th dav Of August. 1gl4
EMILE !. LEONARD,
Deputy Recorder.
] hereby certify the above and foregoing to
he true and correct copy Of the original on
file in my notarial Office in the city Of New
Orleans, together with the certificate OF the
recorder of mortgages, except amount OF shares
subscribed, which Is omitted.
New Orleans. 18th September 1914
LYLE SAXON, Notary Public.
sept Il y oct / Is y