The herald. [volume] (New Orleans, La.) 1905-1953, 1914-07-02


cornoratior After the election of such board
- S5ec,o-. ,be sid hoard shall elect the Off
80 81 ,bie c,-rorafion who shall be the
f~iI,,,,s r.resident Who NAV also hold
iL SF ,r.iltr,ye- vice president and
1870 Ali of45cers EXCEPT that OF the
ssCret9ry shall be filled by parties elected
- I;-a.yyo-s L. shaIl he competent, however,
. ~. e.. - serrs-,rv 10 be filled either
Ia - ~ ,Lc hoard or an outside err
~ -, . -, ~ he rornoration, whether he be
f.ost-S,lJa- n- ro'
The r-,r board Of directors OF this corpora
...'-- ,,,Ge- his charter. shall be composed
- iir-,,i-g. Jesse Resented, Lazard
,.,,,iL,,,v ,-d Nv e. Resented, with Jesse
p,I.-r,SsId as n-esfdcut and treasurer, and
IA Gor,grrtrx as vice president.
TEr sb1ve mentioned board Of directors and
"a 49,. shall hold office until the FIRST Mon
~ m January lyls when q meeting Of
- s,nrL infFrrS Is 10 be held 10 elect dlreC-
- Ali .tt-rrrs and directors are 10 hold
- o. So .-r wear from their election,
~ I,-tii s.,r- time a, their successors are
,ier,c5 and r.,ahrcd The annual meeting
- -. III. - the purpose OF elect
,-y 1--.rra-, shall be held GA the first Mon
:, ~ January Il each wear. The election
~. f,-r.-n-s STALL he bv ballot and the ma
il-iIy I'M amount OF Stockholders voting, pres
~. r,. ,.-.yy shall elect the persons for
90, r., ave, .a,r Each share Of stock
- .E,ff he counted for one vote. After
.,Id election u sand board, the directors
Snail elect the officers Of tins corporation.
-Trc E,-r4 Of directors shall give at least
80 49, rr.,r-r hy mail Of the election oil
E,ra..,r, and shall appoint one or more
r.-Lbari,-, Cd preside al such election. Any
failure from any cause whatsoever TO elect
5.-...,.-s ,, he. I.y named Tor that purpose
.r.lI not dissolve this corporation, but the
directors then IN ohse shall hold over until
- s,,r.,...rs are. chosen and qualified.
Tho hoard If directors shall have full power
and AUTHORITY to nh vacancies IN their NUM-
r. ,,r.r5 Nv death resignation or other
wise The sid board is further authorized
o., frame and ADOPT such bylaws, rules and
80 .
ra-rpauy may require and il may dceL;
,,,.,.i'.s..-, for the conducting and management
,Erresi rroyidcd the same does not conflict
,,,b ms charter and the laws Of the State
"' I'M -. and those Of the United States
IN name and appoint a general manager, nix
hrs CONDENSATION, and terms Of employment,
as yrlI as such other agents, employees as
IN ~ discretion NAV seem mt and proper.
The rrr,ident of this corporation shall be
,,-b,riIcd TO hiring any and all suits, &C.
t11rs nr rrorccdirgs in court for and b.
half OF tins corporation, without express
sanction or approval Of the board previously
bad and this corporation shall have the right
rH hold own, and acquire shares of stock IN
other rorporations. as well as the right 10
dispose Of and pledge the same.
Article V. This charter may be amended,
modified. or altered or this corporation DIS
solved. at a general meeting OF the stock
IoIIe+s rorverrd for that purpose with the
,s.ert nj the majority OF the stock which
nav be issued, present or represented at such
meeting Thirty days notice by mail shall
he GIVEN Of such meeting; in case Of disco
Iuf,Gu or termination Of this corporation, the
I0u,datIou OF its affairs shall be conducted
nv three commissioners selected in a like
manner and by like vote and assent at a
meeting called as above for that purpose.
Article VI No stockholder shall ever be
liable or responsible for the debts, contracts
or faults Of this corporation for any further
sum than the unpaid balance due on the
shares OF stock subscribed for or owned 10y
him; nor shall any iniormalIty IN the organ.
zati6n have the effect OF rendering this Cha-'
ter mill. or OF exposing a stakeholder to any
liability beyond the amount of the unpaid
balance of his subscription to stock.
Article VII. Should any stakeholder OF
stock owner desire to sell or dispose of all OF
any part OF said stock or relnquish his in
terest in the corporation or desire to termi
nate or dissolve the same, he shall first ten
der such stock for purchase to the other stock
holders, of this corporation, and the othei
/ stockholders shall have the preferred right
! for sixty DAYS, to purchase the stock so ten
! dered at the price shown by the books of tht
| company. Ali stock issued or to be issued
| Shall be subject to the foregoing provision.
! Article VIII The capital stock of this cor
poration may be increased or decreased OF
! complying with the requirements of the law
and with such bylaws, as may be conslsten
! with the law, may be hereafter adopted b,
! the board.
| Article X This corporation shall be a 90
| ing concern as soon as the sum Of seven thou
| oHitI