The herald., 1915-07-01

! ton, under the supervision Of three commits
sioners, to be appointed by the board of di-
( rectors.
Notice of such election shall be given by
! the secretary of the company by written
notice thereof delivered personally or by de-
| posting the same in the postoitice, properly
| addressed, to each stakeholder, at least fifteen
/ GS) days preceding such meeting.
At all such elections and at all corporate
meetings every stockholder shall be entitled
70 one vote for each share of stock standing
/ in his name on the books Of the corporation,
to be cast in person or by his written proxy,
and majority of the votes cast shall elect.
ANY vacancy occurring among the directors
by death, resignation or otherwise shall be
filled by election for the remainder of the
term by the remaining directors.
A failure to elect directors on the date above
specified shall not dissolve this corporation
nor impair its corporate management, but
the directors then in office shall remain in
offCe until their successors are elected and
The board Of directors shall elect from their
own number a president and a vice president.
They shall also elect a secretary and treas
urer or one person who shall be both, either
Of whom may or may not be members Of the
board. They shall have power and authority,
from time 10 time, to name and appoint all
such officers, agents and other employees as
may be deemed necessary for the purposes and
business OF the corporation: they shall have
power 10 TX their compensation and define the
duties of every officer and employee, and all
UfuEGTS EMPLOYEES
and employment at the pleasure Of the board
The board may make and establish, as well
as alter and amend, any and all bylaws,
rules and regulations necessary and proper,
in its judgment for the conduct, support and
management of the business and affairs Of
said corporation.
The board shall have full power and au-
thority to borrow money, TO execute mort
cages and to create liens: to issue bonds,
notes and other obligations; and generally
to do all things reasonable, convenient and
necessary for the proper carrying of the
business Of the corporation.
The board may issue full paid shares of
stock for cash or in 9ayurcr- OF labor done
or property actually received by said corpor-
alton.
Article VI-Whenever this corporation may
be dissolved, either by limitation or from
any other cause, its affairs shall be liquidatcd
by three commissioners, TO be appointed from
amongst the stockholders at a general meet
ing OF the stockholders convened for such
purpose. OF which meeting notice shall be
given in the manner and time provided for
stockholders meetings by Article VII of this
charter, and a majority IN amount OF the
capital stock of said company, represented at
such meeting, shall be requisite TO elect. Said
commissioners shall remain in Office until the
affairs of said corporation snail have been
fully liquidatcd. In case of death OF one or
more of said commissioners, the vacancy shall
be filled by the surviving commissioners.
Article Widths act of Incorporation may
be changed, modified or altered, or this cor
poration may be dissolved with the assent OF
the stockholders owning twO-thiTdS of the
issued stock of the corporation, at a meeting
Of the stockholders convened for that purpose,
after notice shall have been given by written
notice TO each stakeholder, delivered to him
personally or mailed to him by registered
letter at the postoffice address designated by
him in writing at least fifteen O5) days prior
TO the date OF meeting. Any changes proposed
or made in reference to the capital stock shall
be made in accordance with the laws OF the
| st 10 If subject
the capital stock OF corporations.
Article NIII.-No stakeholder shall ever be
held liable responsible for the contracts,
faults or debts of said corporation in any
further sum than the unpaid balance due the
corporation on the shares Of stock owned by
him, nor shall any mere intormallty in organ
ization have the effect OF rendering, this
charter null or of exposing a stockholder to
any liability beyond the unpaid amount re-
naming due on this stock.
Article IX-William T. Harde, e5S Gra-
vier street, John NJ. Parker. $40 Union street;
Charles f. Levy, $50 Gravier street, David
II. March. $50 Gravier street and William A.
! Duke, SIS St. Andrew street, in the city OF
| New Orleans, Louisiana, have been chosen
and selected as the hrst board OF directors OF
this corporation; with the said William T..
Hardie, o3S Gravier street, as president, John
NJ. Parker, $40 Union street, as vlce-president,
Charles f. Levy, $50 GravIer street, as secre-
tary, and David III. March, $50 Gravier street,
as treasurer, TO serve as such until the first
Monday in April, 1916, or until their success
sors shall have been elected and qualified.
Article X.-The subscribers hereto have re-
spectively written opposite their names their
addresses and the amount of stock in this
corporation subscribed for by each Of them,
so that this act of Incorporation may also
serve as the original subscription list 70 said
corporation.
Thus done and passed at my Office in the
| city of New Orleans, in the presence OF
Messrs Eugene Thorpe and Kirk Abbott,
competent witnesses, Of lawful age, both OF
| this city, who hereunto sign their names, to-
| gether with the said appearers and me-, no.
tary, on the day and date herein first above
written, after due reading of the whole.
| Original signed): Names OF subscribers
omitted Witnesses: Eugene Thorpe, Kirk
! Abbott. Al. {. Hammer, Not. Pub.
/, the undersigned recorder of mortgages.
| in and for the parish of Orleans, state of
! Louisiana, do hereby certify that the above
I and foregoing act of incorporation, of the
Merchants Transportation Co., Inc, was this
day duly recorded in my Office, in book llS7,
! folio - New Orleans, May 18th, 1915.
| (Signed) EMILE J. LEONARD, ID. X.
! /, the undersigned notary public, do hereby
| certify that the above and foregoing is true
| and correct copy of the original act of incor-
poration of the Merchants Transportation Co.,
| Inc, on file and on record in my office, to-
| gether with the certificate of the deputy re-
| corder of mortgages, thereto attached, except
| that the names of the signers and the amount
| subscribed for by each omitted.
! Witness my hand and seal this 18th day
AL. c. HAMMER, Not. Pub.
june 10 II "a july s