The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-15

vices to be used as containers for merchan.
| ulse aid other articles of commerce, and gen.
| orally to engage in and carry on any Other
| enterprise or business which may be germane
| or incidental to, or connected with. the MIR.
poses hereinabove set forth or contemplated by
| this charter. -
Article .IV-The capital stock of this cor.
poration is fixed at the sum of seventy-fye
thousand (S5,0OO.O0) dollars, divided into
sever! hundred and fifty 75O) shares of the
par value OF one hundred (SlOo) dollars each,
"nlSh nave been entirely subscribed and
pad for in cash by the appearers, as herein.
after more fully shown. All shares of stock
snail be full paid and nonassessable No
transfer OF stock shall be binding upon the
corporation unless made upon its books, al. d
all certificates of stock shall be signed bv
such otlcers as may be designated by the
board of directors. wv
This corporation shall have the right to IN.
s saesse its capital stock to the further sum of
seventy-hve thousand (s7s,0O0OO) dollars. 10
pc divided also into shares of one hundred
SiVO) dollars each, provided said increase in
me capital stock shall have been authorized
oy the stockholders at meetirng to be held
pursuant TO the provisions of Article v of
Article YAH the corporate powers of IN.
company shall be vested in, and the manage
cieed ana h control OF its affairs shall be exer-
-FOUR stockholders, the membership of which
Ooard may be increased to five. A ma;oritv
OF tne directors shall constitute a Quorum
business he a..
rrectors shall be elected annualIv' bv hei,o,
py, the stockholders, on the first Mondav =,
Teoruary IN each year. Each stocthoIJ.r
S Snsli pc entitled in person or by proxy, to a
Vote Tor every share owned by him, and ali
elections shall be held under s,,ch ,,,i ru a.,
regulations as may be determined by the
BOARD OF directors, after Is days' motto. hv
mai OF such election shall have been cen, -
gSch Stockholder at his last known Adde'S
me directors thus elected shall continue in
I Ee Ior one year, or until their successors
nave oeen duly elected and qualified No fail.
ure to elect shall be regarded as forse,,,.s s
ms ms eharter' Any vacancy occurring on said
BOARD snail be filled by the remaining d;rec.
s sIiS i9r the unexpired term; the said hoard
in nasa k ,s eject the additional members
nuInoer OF said board. Said board of d;rrc,or.
snaIi at its hrst meeting after its election
nominate out of its number, a pres;den,
GeIPresident, a secretary and treasu,er
J;so, ooaro snail have the right to appoint and
o oiisss such clerks, managers and other err
pioyes of the corporation as cond;,;on. en-
JUSTIFY, or the business of the corporation w.
rGGqHle. ihe tenure of Office of ali the en-,
pioss Vi tne corporation shall be during the |
~. III OF the board of directors. Anv of
by written instrument. anotber d;,.app oinl,
S.oeShoioer TO act as his proxy and in ~. |
3;rec,o a. any and all meetings Of the board OF
a. Article VINO stakeholder shall ever b.
heiu liable or responsible for the contr,cts
{, or debts of said corporation. nor shall
~ mere informality in its oruan;,s,;a,
!, ave the effect of rendering this chsrter null
!. ., exposing stakeholder to any iab;I;ty,
,hsres owned ne S UNPAID n;1, balance due on the
\. Ali'eie yiI-This act of Incorporation NAV
e changed, modified or altered. or mi. co.y
e ration may be dissolved, with the s.ssn.
u 'ne stockholders owning two-thirds of ali