The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-30

the shares OF stock subscribed for bv hin
nor snail any mere infOrmality in the orgar
ization have the effect of rendering this cha-
. ter null or Of exposing any Shareholder !
any liability whatsoever.
Ihis corporation shall not begin TO d. busf
ness and be going concern until ten th0u
SAND lSlu,uyJtU) dollars Of the capital s,or
snail have been issued and paid for. eith,
/ IN cash. services or IN property as aforesaid
| II any OF the aforesaid stock OF this c0-uar
aton IS paid for IN property IN that even
the terms and provisions of Section 1.-TWO
OF paragraph CO Of Act 2o7 OF 1914 shall b.
strictly complied with.
Article 5.-All the corporate powers Of TIM
SoIro5%ton shall be vested in and exercise,
by board Of directors to be composed o.
SIX 90 stockholders, each Of whom shall owr
~ ms own night, during his term Of oFIrc
al least one full paid, non-pledgcd share OF
1''CN' winch shall be shown by his written
| declaration, 1--WE Of whom shall constitute 4
quorum tor the transaction OF business. rro.
Nlded the board Of directors shall have pnyyc-
to increase, in their discretion. at anv time
| the number Of directors from SIX to fifteen.
| m which event. i've shall constitute a orr,rrrrl
| The officers Of tins corporation shall consist
Ioi president, vlce-prcSidcut, secretary and
| treasurer, all Of whom shall be members oi
the board OF directors. The Offices of secrc-
| tary and treasurer may be held. If dr.irrJ
| by one and the same person.
| The following named persons shall corsti-
'ute the board Of directors OF this corporation.
| i",wit: W. \. Collins, Hattcsburg. Ms. :
{n%nn =, Woods New, Orleans. La; L. II.
iTlce, New Orleans, La: Thomas c. Price.
New Orleans, La; ". W Hines Nryy Or.
leans, La; W. {. Riggs, ITatticsburr. Ms.
with /. H. Price OF New Orleans. La. a.,
president; John G.. Woods, of New Orleans.
La, As vice president; Thomas G. Price ,t
New Orleans, Id. as treasurer, and ~ {
Riggs, Of Hattlc,hurg, Miss as secretary.
and these director, and officers shall serve mn,
I'll the htst Monday IN March, 1910, or until
he Hr...
quailhcd
Thereafter the directors shall be elected
annually on the first Monday in Nh ~,
each year beginning with the wear 100. ali
elections OF directors shall be by ballot. and
each stakeholder shall be entitled 10 one vote
Tor each share Of stock standing in his mann,
on the books Of the CORPORATION tins vol,
To- be cast IN person or By proxy. and II shall
require a majority Of the stock present or rep
resented TO elect.
Failure 70 elect the board Of director, on
the hrst Monday i'm March. 1910. or annually
thereafter shall not work a forfeiture pf thu.
charter but the old board Of directors shall
remain M office until their successors are
elected and qualified.
Article o. The board Of directors shall hold
regular meetings at such times as shall be
NNed III the bylaws Of this corporation. These
meetings shall be held at the domicile of the
corporation. but the president may cali snr-
clal meetings Of the board Of directors NJ
Such tunes as he may deem advisable. and
he shall he required TO call such special meet
lng> whenever requested to do so by three
members Of the board Of directors Three
days notice OF such special meetings shall
DE gwen IN writing TO the directors unless
waiver OF notice Is signed by the directors :
Any vacancy occurring on the board either
from death, resignation, or inability to serve /
Shall be hllcd by the board OF directors, at /,
its next regular meeting after s,rrb -, /
shall have occurred The first board Of direc. |
tors OF this corporation shall be required to /
draft suitable bylaws for the government of |
this corporation, which NAV be altered /
ease may require.
Article The stock Of this corporation may
Dc transferred, provided such transfer shall
De recorded upon the books OF the corporation
'eioTe 1t shall be required to recognize the
ranstcr or the new holder Of said stock. The !
otal amount OF the subscribed STOCK as here
nabCye set forth IS the sum OF ten thousand,
me hundred and SiXty-four (SlO,l6+OO dol
drS, which IS hereby authorized to be issued
uiiy paid and worcestershire, for cash
Article S.-This charter may be modified
r altered, the capital stock thereof increased
Z, decreased, or the corporation may be dis
olved with the assent of two-thirds of the
apltal stock present or represented at any
Meeting Of the stockholders held for that pur. |
ose after prior notice in writing to each |
oSt office address, all in accordance With tbn
erms of Act 267 of 1914
Article AT the expiration of this char.
r. or the earlier dissolution Of this corpora
on Tor any cause, its affairs shall be liqu-
ated by one or more liquidators TO be elected ,
y the stockholders, all of whom shall hold !;
took in said company and said commits :
toner's are hereby vested with full power =
nd authority to liquidate the affairs of said d
'mpany, with full power 10 act under the !
rms of Section 30 (thirty) of Act 267 Of .
a.