The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-01

| vices to be used as containers for merchan-
| disc aid other articles of commerce, and gem
orally to engage in and carry on any other
| enterprise or business which may be germane
| or incidental to, or connected with, the pur-
poses hereinabove set forth contemplated by
| this charter.
Article IV-The capital stock of this cor
poration is hxed at the of seventy-hve
| thousand (SS,O00.0O dollars, divided into
| sever. hundred and fifty (75O) shares of the
par value OF one hundred CslOO dollars each,
WHICH have been entirely subscribed and
| paid for in cash by the appearers, as herein
| after more fully shown. All shares of stock
shall be full paid and nonassessable. No
transfer OF stock shall be binding upon the
all certificates of stock shall be signed by
such ofhcers as may be designated by the
| board of directors.
This corporation shall have the right TO IN
crease ITS capital stock to the further sum of
seventy-hve thousand (S5,OOOOO dollars. to
be divided also into shares of one hundred
(SlOo) dollars each, provided said increase in
| the capital stock shall have been authorized
by the stockholders at a meeting TO be held
pursuant to the provisions of Article v of
| this charter.
Article YAH the corporate powers of the
company shall be vested in, and the MANAGE.
| ment and control of its affairs shall be exer.
cised by board of directors composed Of
-FOUR stockholders, the membership of which
ooatd may be increased to FIVE A majority
OF the directors shall constitute a ouor,n
LOT the transaction of all business The di-
rectors shall be elected annually, bv ballet
by the stockholders, the first Monday in
FEBRUARY IN each year. Each stockholder
shaIi De entitled, in person or by proxy, to
vote Tor every share owned by him. and ali
elections shall be held under such rules and
regulations as may be determined bv tbr
poaId OF directors, after IS DAYS notice NV
mai OF such election shall have been sent ~
gach stockholder at his last known address
ne directors thus elected shall continue IN
6n,,e h aol one year, or until their successors
nave been duly elected ard qualified No fail.
uie 10 eject snail be regarded as forfeiture NJ
tnls Sharter Any vacancy occurring on said
Doard snail be filled by the remaining dire
Iii III iIi tne unexpired term; the said board
shall likewise elect the additional memhers
IN case they should determine 10 increass ~
IuIHper OF SAID board. Said board of direc,ors
snali al IT'S hrst meeting after its election
nominate out of its number, a president
81 PIesl9ent' a secretary and a treasurer
J: tu oodru Shail nave the right to appoint and
aismlss such clerks, managers and Other en-
Pioyes OF the corporation as Conditions w.,
Justiiy' OF the business of the corporat;on 49,
require The tenure of Office of ali m. en-.
p piioses Oh tne corporation shall be during the
pleasure OF the board of directors A. os
tne directors shall have the right N anno;r,
ny Mrltten instrument, another d;rectpr -
stockholder to act as his proxv and ~ ~? ~
s s!eaa az any and all meetings Of the board -
Article VINO stockhoIde- sh.,,
neld liable or responsible for the oo,.l oe
faults or debts Of said corporation No. sSeii;
any mere informality in its o,gsn;,s snsii
nave the effect of rendering this chsrter Mi
b :. o. exposing stakeholder to any liabil;ty
shares oxned h unpaid I: balance due on the
Aiele vlI-This act of incorporat;on NAV
pc changed, modified or altered. or ~. me-. ne.
pcrauon may be dissolved, with The s,ssn.
U"e s'oeknoiders owning two-thirds of ali