Lower coast gazette., 1914-05-23

] 20, lox4.
whatever to elect directors the day
named for that purpose shall not dis
solve, the corporation; but the direc.
tors then in Office, as we'll as the OH.
GERS of said company, shall hold over
until their successors are chosen.
In such event the President shall
cause another election to be held with
in thirty days, and shall give notice
thereof as hereinbefore provided.
At every election and meeting each
stockholder shall be entitled to vote
for each share Of stock registered in
his name, and may vote by proxy
The election OF directors shall be
by ballot, and the majority in amount
of votes cast, each share of stock
voted upon to be counted for n vote,
shall elect the person or persons for
whom they have been cast.
After each election the board of d.
rectors shall elect from their own
number the officers of said company.
ARTICLE v.
The board of directors shall have the
full power to fill vacancies in their
number, caused by death, resignation
or otherwise, from among the stock.
holders of the corporation.
The said board shall have full con-
troll of the property of this company,
and shall SO conduct, manage and
use the same as in their discretion
they deem fit, and that is consistent
with the objects of this company or
the welfare of the same.
The said board is further authorized
to frame and adopt such bylaws,
rules and regulations as the affairs
and business Of the corporation may
require, and as it may deem necessary
for the conducting and management
thereof; provided, the same shall not
conflict with this charter or with the
laws Of the State or the United States.
The said board shall elect Or ap.
point a secretary and such other Off
GERS, agents, employees, servants and
clerks as it may deem necessary for
the conducting of the business of the
corporation, term of service, with the
right to dismiss them at said boards
pleasure.
ARTICLE vi.
This charter may be so changed,
modified or amended, the capital
stock increased or decreased, OF this
corporation may dissolve at a general
meeting of the stockholders convened
Tor the purpose with the assent Of
three:fourths of the entire capital
stock, whether present or represented
at such meeting.
Ten days. prior notice of such
meeting shall be given in any daily
English newspaper published in the
city.
In case Of dissolution or termina-
ton of this corporation, either by
limitation Of its charter or from any
cause, the liquidation of it's affairs
shall be conducted by two commission.
ers selected from the stockholders.
with like assent and at a meeting
called for that purpose, as above set
forth in this article.
Said commissioners shall remain in
office until the affairs Of said cor
poration shall have been fully liqui.
dated. In case Of the death Of one
or more of said commissioners the
survivor OF survivors shall continue
70 act.
ARTICLE VII.
The holders Of all or any part Of
tn. shares Of the capital stock Of this
corporation shall have the right from
time to time at their discretion Ia
create and form q voting trust.
ARTICLE VIII.
No stakeholder Of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid bal.
ance due the company on the shares
Of stock subscribed for or owned BY
him; nor shall any informality in Or
~ganization have the effect Of render.
ing this charter null, or Of exposing
a stakeholder to any liability beyond
the unpaid balance, If any, Of his
stocks.
Thus done and passed, At my notar.
ial office in the City Of New Orleans
on the day, month and year herein.
above first written in the presence Of
Julia Frick and Henry J.. Campbell,
competent witnesses, who hereunto
sign their names, with the said up.
pearcrs, and me, Notary, after due
and full reading Of the whole.
Original Signed)
IRvINGlS. LOTHROP,.
Y1nNCI. A CnI1nCA1Y