The herald. [volume] (New Orleans, La.) 1905-1953, 1915-11-04

ings IN the stock, but should any shareholder
IAN 10 exercise his right in this regard his
Iight snail pass to and be absorbed by the
I!ner shareholders, provided that the owner,
MS us WIDOW, heirs or legal representatives, as
tne case may be, shall not be Obliged TO de.
liver said stock unless the offers to purchase
tne same shall include and cover the entirety
" IN. me IneTings under paragraph first or all
Vi the holdings under paragraph second
Fourth: All certificates of stock shall bear
upon their face brief reference to the rights
herein established in favor of the stockhold-
Article IV.-All the corporate powers shall
De vested in and exercised by board of d.
4 leCtors composed of three stockholders the
majority OF whom shall constitute a quorum
| Tor the transaction of all business The board
OF directors shall be elected annually bv the
stockholders at meeting to be held for that
purpose on the first Monday of October of
each year: The directors thus elected shall
| continue IN Office for one wear and there
after, until their successors are elected and
nave qualified. Any vacancy occurring on
Such board shall be filed by the remaining
directors h for the unexpired term.
| ANY director may appoint by written instrti-
ment another director or stakeholder TO act
/ as ms proxy and in his stead al any time and
! an meetings of the board of directors
20 employe OF this corporation shall be con.
! sldered as employed by the year, unless SO
| contracted with in writing
| Al ITS hrSt meeting after election the board
/ OF directors shall elect out of its own num-
per a president, secretary and treasurer.
Ndld board shall have the right to appoint
/ and DISMISS such managers, clerks and other
employees OF the corporation as conditions may
Justify or the business Of the corporation
require. The tenure of Office of all the en-
B Pi"Ses OF the corporation shall be during the
] pleasure OF the board of directors Until the
election to be held on the twenty-frst day OF
October, 1910 the following named shall con-
/ S' pethe ITSt board OF directors, to-wit:
- Raymond b. Scudder, Colgate Scudder NJ
! +. Scudder and A X. Scudder All OF whom
4 reside at No. Richmond Place, New Or
: leans.
/ Article V.-Meetings of stockholders for the
! purpose OF election or any other purpose may
be held upon fifteen days notice sent bv
mail or delivered, and a delivery of such
houCS IN person or at the residence of
| Stockholder shall be sufficient for all pur-
poses; such meetings may be held at any
/ time or place by unanimous consent and with
on; notice. Any notice required by this
charter or by any laws Of the state may be
waived and such waiver shall be in writing
and incorporated into the minutes OF any
| meeting held under such waiver.
Inc stock OF this corporation has been sub
I scTibed as follows: (the subscribers hereto
! all residing at No. 9 Richmond Place New
! Orleans, louisiana. Raymond b. Scudder,
/ 2SS shares; Colgate Scudder, shares; NJ E.
Scudder, shares; A r. Scudder, 5 shares;
! total, 800 shares.
Article VI.-At the dissolution of this cor.
| poration, the liquidators to be then and there
I elected IN addition TO the powers conferred
| upon them by the laws OF this state NAV be
authorized 10 sell the property Of the cor
poration IN whole or in block and to receive
| IN payment therefor the bonds or stocks of
! any other corporations. They may also be au-
/ thorIzed TO compromise, arrange and adjust
| debts due by TO the corporation
Article NII.-The entire capital stock of
1 this company has been subscribed and fully
paid.
| Thus done and passed IN my office on the
| day, month and year, first above written. in
D nrss of l. -
mas Joseph Dobbins, competent witnesses
! who have signed with the appearers and me-
the notary, after reading the whole.
! Original signed: X. b. Scudder 2SS shares;
/ Colgate Scudder. 5 shares; VI. Z. Scudder,
| shares; A. X. Scudder, shares.
| bins.
JEFF c. WENCK. Notary Public.
I STATEMENT OF MANNER OF PAYMENT
OF SUBSCRIPTIONS TO CAPITAL STOCK
OF RAYMOND b. SCUDDER, INC.
The subscriptions to the capital stock of
Raymond b. Scudder Inc, have been paid
for in the manner following, to-wit:
Raymond b. Scudder has subscribed to 2S5
! shares Of stock which he has paid for by
| transferring to the corporation the following
assets:
! Cash . . 10000
! Tank cars go cars a sIlOlOO) -...-- 10000
| Office fixtures and furniture 5000
| Claims against railroad carriers 5000
Good will of business heretofore con-
Quoted by him individually y 100000
$4,000
Less bills payable -.---.- $4,000
Less accounts payable $1,000
- 10000
10000
, Colgate Scudder has subscribed to 5
shares which he has paid in cash 5000
VI. +. Scudder has subscribed to
shares which she has paid in cash 5000
A X. Scudder has subscribed TO S
shares which she has paid in cash 5000
S3O5OOOO