The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-08

ton, under the supervision of three commits
soners, to be appointed by the board of di-
rectors.
Notice of such election shall be given by
notice thereof delivered personally or by de.
posting the same in the poStotficc, properly
addressed to each stakeholder, at least fifteen
O5 days preceding such meeting
At all such elections and at all corporate
meetings every .tockholder shall he entitled
10 one vote for each share Of stock standing
in his name on the books OF the corporation,
to be cast in person by his written proxy,
and a 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
office until their successors are elected and
qualified.
The board Of directors shall elect from their
own number a president and a vice president.
They shall also elect secretary and treas
urer or one person who shall be both, either
OF whom may may not be members Of the
board They shall have power and authority,
from time to time, to name and appoint all
such officers, agents and other employees as
may be deemed necessary Tor the purposes and
business OF the corporation: they shall have
power to fix their compensation and define the
duties Of every officer and employee, and all
the officers and employees shall hold office
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
The board shall have full power and au-
thorIty to borrow money, to execute mort
cages and TO create liens; 10 issue bonds,
notes and other obligations; and generally
q, do al al Mt nd
necessary for the proper carrying on OF the
business Of the corporation.
The board may issue full paid shares Of
stock for cash or in payment 81 labor done
or property actually received by said corPor-
alton.
Article VI-Wherever this corporation may
he dissolved, either 10y Limitation or from
any other cause, its affairs shall be lQudated
bv three commits Sioners. 10 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 70 elect. SAID
commits toner's shall remain IN oitCc until the
affairs OF said corporation snail have been
fully iiqudated In case OF death of one or
more of said commissioners, the vacancy shall
be filled by the surviving commissioners.
Article Nll-IhIs act OF Incorporation may
be changed, modified or altered, this cor
poratOn may be dissolved with the assent OF
/ the stockholders owning two-thirds Of the
issued stock OF the corporation, at a meeting
Of the stockholders convened for that purpose,
after notice shall have been gwen by written
notice TO each stOCkhOldcr, delivered TO him
personally or mailed to him by registered
letter at the poStoffce 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
- alF
! the capital stock of corporations.
! Article VIII.-No stakeholder shall ever be
I held liable or responsible tor the contracts,
/ faults or debts Of said corporation IN any
I further sum than the unpaid balance due the
corporation the shares OF stock owned by
MIN, nor shall any mere IntormalIty IN organ
| ization have the effect OF rendering this
any liability beyond the, unpaid amount re-
manning due on this stock.
Article IN.-William T. Hardie, 93S 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, Sl5 St. Andrew street, in the city OF
! New Orleans, Louisiana, have been chosen
| and selected the first board OF directors Of
| this corporation; with the said William l..
Hardie, 9SS Gravier street, as president, John
| NJ Parker, $40 Union street, as vice-preSident,
! Charles f. Levy, $50 Gravier street, as secre-
| tary, and David II. 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 Tor by each of them,
| so that this act of incorporation may also
serve as the original subscription list TO said
| corporation.
Thus done ard 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
! emitted. Witnesses: Eugene Thorpe, Kirk
Abbott Al &. Hammer, Not PuS.
l, the undersigned recorder of mortgages
in and for the parish of Orleans, state OF
! Louisiana, do hereby certify that the above
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 10Th, 1915.
(Sgned) EMILE J. LEONARD, D. r
l. 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 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 9th day
of May, 1915.
| June 3 10 II "a july s