The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-18

vices to be used as containers for merchan-
olSe aid other articles of commerce, and gen.
orally to engage in and carry on any other
enterprise or business which may be germane
or incide ntal to, or connected with, the pur.
poses hereinabove set forth contemplated by
this charter.
Article lV-The capital stock of this cor.
poration is fixed at the sum of seyenty.6ye
thousand 5SSOOo.0O dollars, divided into
sever! hundred and fifty (75O) shares of the
par value of one hundred (Sl0O) dollars each,
WHICH have been entirely subscribed and
paid for in cash by the appearers. as herein.
AFTER AFTER more fully shown. All shares of stock
shall be full paid and worcestershire No
transfer Of stock shall be binding mon ,hc
corporation unless made upon its books. ar.d
all certificates of=stock shall be signed by
Such ofncers 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 (S7s,OOOOO) dollars. 10
be divided also into shares of one hundred
SIoo) dollars each, provided said increase in
inc capital stock shall have been authorized
oy the stockholders at a meetrng to be held
pursuant to the provisions of Article V of
this charter. "
Article v-All the corporate powers of the
company shall be vested in, and the manage.
ment and control of its affairs shall he eYer.
eised by board of directors comnos.d of
tour stockholders, the membership of which
board may be increased to FIVE. A na;ority
OF the directors shall constitute a quorum
tor the transaction of all business The N.
rectors shall be elected annualIv. Inv hail.,
by the stockholders, on the first Monday In
reoruary IN each year. Each stockholder
shai be entitled, in person or by proxy, TO
d vo.e ior every share owned by him, ard ali
s ..a,,Io shaII be held under such rules and
regulations as may be determined BY the
board OF directors, after IS days notice by
mail OF such election shall have been sen, ~
escn stockholder at his last known address
me directors thus elected shall have been
duly elected and qualified. No failure 70
elect shall be regarded as a forfe;,nre %
ms ms eharter Any vacancy occurring on said
BOARD shall be filled by the remaining dire.
t3rs lot the unexpired term; the said hoard
snaiI hkewise elect the additional members
number of said board. Said board Of d;rec,ors
shaIi at Its hrst meeting after its election,
nominate out OF its number, a president
ca Pies9en,, secretary and a treasurer
osiu ooard snail have the right to appoint
ana DISMISS such clerks, managers and otber
employees of the corporation. as cond;t;ons -.
Justify, OF the business of the Corporation NAV
Isqulre' Inc tenure of Office of all the EN-,
p,oyes OF the corporation shall be during the
pc OF the board of directors. Any of
point, by written instrument. another d;rap-
t tor or s,ockhoider to act as his proxy and n.
ms stead at any and all meetings of the board
OF directors. ~ ooaiu
Article VINO stakeholder shall ever he
aeId liable or responsible for the contracts
lauits or debts of said corporation, nor shall
aLy mere informality in its ORGANIZATION
nave the effect of rendering this charter null
~ OF exposing stakeholder to any LIABILITY
sbsSes ow rne S unpaid balance due on the
Article Widths act of incorporation NAV
pc changed, modified or altered, or this cor.
poration may be dissolved, with the assen,
d. 'ne stockholders owning two-thirds Of ali