The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-08

by, a Board of Directors, 10 be composed of
not less than five, nor more than nine stock
holders, three OF whom shall constitute a
quorum for the transaction Of the business of
the corporation, and each OF whom shall own
in his own right, during the term of his Office,
1t least one full paid share, either OF the
preferred or OF the common stock OF this cor
The first board of directors Of this corpora
ton shall be composed Of Meyer EIseman, 2lo
Baronne street; :. W. Souers. 1905 Peters
avenue; +. Dean, 6l6 Maison Blanche Build
ing; Alvin Z. Johnson, 500 Laurel street,
and EldOn :. Lazarus, 9-4 Mason Blanche
Building. all of New Orleans, Louisiana.
The officers Of the first board of directors
shall be Never EiSeman, president; =. W.
Souers, vice-presidcnt and Alvin Z. Johnson,
secretary and treasurer.
The said first board of directors and the
said officers above named, shall serve and
remain in office until the first Monday in
March, 1916, on which day and annually
thereafter, the board Of directors shall be
elected by the stockholders at a meeting
called for that purpose. All directors and
are elected and qualified, and any failure TO
elect directors shall not be regarded as a
forfeiture Of this charter.
In the election of directors, each stock
holder shall be entitled to one vote for each
share of stock owned by him and standing IN
his name on the books OF the company, and
may be cast either in person or by duly au-
| thorized proxy, and majority OF the votes
the board of directors, shall be hlled by the
remaining directors for the unexpired term.
Article VI.-All meetings of the stOckhold
ers shall be called by written notice, maiIed
! to the last known address of each stoc kholder
| not less than fifteen days before the date
| liked for such meeting, unless said notice has
| been waived in writing by the stockholders.
Article NII-The act of incorporation may
| be amended, modified, changed or altered Of
| this corporation may be dissolved, with the
| assent Of the stockholders holding and owning
| two-thirds of the capital stock thereof, who
may be present OF represented at genera
meeting of the stockholders convened for thai
purpose, and of which due notice has beer
| given.
| Whenever this corporation shall be dissolved
| either by limitation or from any other cause
its affairs shall be liquidated by three com
| mssioners TO be selected for that purpos
from nmong the stockholders at meeting
| Of the stockholders convened tor such purpose
| said commissioners shall remain IN othc
until the affairs of said corporation shall b
fully and finally liquidated. Any vacanc,
occurring among the hqudators, from an
cause whatsoever shall nc filled by the re
| naming commissioners. Said llquldator
| shall exercise all the rights conferred upo
| them by law, and they are especially empow
| cred to settle the affairs OF said corporation
to collect the outstanding debts, sell and con
vey the property, pay its debts, and dlVld
| the remaining money and property among tn
Article VIII.-No stakeholder shall ever b
| liable or responsible Tor the contracts OF I'M
| corporation in any further sum than the VI
| paid balance due by him on sthe shares {
| stock subscribed to, or owned by him; nc
shall any mere informality in the organizatio
of this corporation have the effect of renderin
this charter null, or of exposing any STOCK
holder to any further liability than the ur
paid amount which may be due on his stoc
subscription.
Article IX.-The subscribers hereto hav
respectively written opposite their names, tn
amount of stock subscribed for by them,
that this act may also serve as the origin;
subscription list of this corporation, an
they have also stated their postofhce al
|. dresses.
Thus done and signed at my office, IN ii
| city of New Orleans, on the day, month an
; wear herein first above written, in the pre-
ence of John L. Corcoran and William
. Surgi, Jr, competent witnesses, who ha'
hereunto signed their names with said appea
ers and me, notary, after due reading OF Il
, whole John L. Corcoran, VIM. F. Surg,
HERMAN MICHEL, Not. Pub.
l, the undersigned, recorder of mortgage
. in and for the parish of Orleans, State
, Louisiana, do hereby certify that the abo'
: and foregoing act of Incorporation, OF the De
: Island Imp. Co., Inc, was this day du
recorded in my Office in Book 1ls7. folio
, New Orleans, February u, 1915.
E EMILE ]. LEONARD, by. R.
! HERMAN MICHEL, Not. Pub.
= Mch. 4-ll-ls-25, Apr. l-s.