The herald., 1914-10-15
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 81 commissioners to be appointed by
the board of directors, and, in the absence Of
any commissioner, the president shall have
the power to fill the place by appointment
and II all such elections, as we'll as meetings
OF stockholders, except for the purpose Of
liquidation or dissolution, or as otherwise
required by law, ten (l0) days notice shall
be given by mailing to each stockholder 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 hll 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 he given, 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 an
nual election shall elect from their number
a president, vice president a secretary and
a 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 or more
OF the above G. other Offices and the same to
confer upon one person, and shall have the
power TO hN the salaries of all officers and
OF such other otticers as 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.
agemcnt of the business and affairs of this
corporation, not inconsistent with its char
The said board shall also have full power
and authority to borrow money through the
president or some other duly authorized agent
or agents; to execute mortgages and issue
notes. ponds or other obligations in such a
manner and on such terms as in their judg.
ment may be advantageous, and generally to
to all the things necessary for the proper
carrying on of the business of the said cor
pot5ton; as also to issue and deliver full
paid shares OF stocks and bonds or other
obligatlons of the said corporation in paw
ment OF the money borrowed or money, labor
services, property or rights actually received
by the SAID corporation, as heretofore set
iorth. 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 instructions
of the said absent director. The hoard az Al,
rectors shall have the power, by vote of
not less than two ~ directors TO sell lease
mortgage (by bond mortgage or otherwise)
or 10 pledge any or all of the property, NOV.
able and immoyable, belonging to the cor.
poration, or to receive in exchange therefor
money or stocks or bonds or other obliga.
tionS OF another corporation, withut referring
TO the shareholders for the power to do so,
And they may also purchase for stock in this
company or tor cash or credit, property of
any kind required for any of the purposes of
the corporation, without authority of the
shareholders.
Until the next meeting 10 be held under
tins charter, or until their duly qualified
successors are eelcted and installed, the board
OF directors shall be composed of: Henry II.
Waters, Henry ]. Stouse, and Walter p.
Stouse, with Henry II. Waters as president;
Walter p: Stouse, as vice president; and
Henry J. Stouse, as secretary and treasurer
Article VI.-Whenever this corporation shall