The herald., 1915-11-11

ings in the stock, but should any shareholder
iall TO exercise his right in this regard, his
right shall pass 10 and be absorbed by the
other shareholders, provided that the owner,
ms widow, heirs or legal representatives, as
the case may be, snail not be obliged to de-
liver said stock unless the offers to purchase
the same shall include and cover the entirety
OF the offerings under paragraph first or all
OF the holdings under paragraph second.
Fourth: All certificates OF stock shall bear
upon their face a brief reference to the rights
herein established in favor of the stockhold-
ers.
Article 1V.-All the corporate powers shall
be vested in and exercised by board Of di-
rectors composed OF three stockholders, the
majority of whom shall constitute a quorum
tor the transaction Of all business. The board
OF directors shall be elected annually by the
stockholders at a meeting TO be held for that
purpose on the first Monday of October OF
each year. The directors thus elected shall
continue in office for one year and there
after until their successors are elected and
have qualified. ANY vacancy occurring on
such board shall be filled by the remaining
directors for the unexpired term.
Any director may appoint by written lnstru-
ment another director or stakeholder TO act
as his proxy and in his stead at any time and
all meetings OF the board Of directors.
No employee OF this corporation shall be con-
sdered as employed by the year, unless 50
contracted with in writing
At ITS hrst meeting after election the board
Of directors shall elect out OF its own num-
I Der president, a secretary and a treasurer.
SAID board shall have the right to appoint
aud dismiss such managers, clerks and other
employees OF the corporation as conditions NAV
! justify or the business Of the corporation
/ require. The tenure OF office OF all the
ployes Of the corporation shall be during the
/ pleasure Of the board of directors. Until the
election to be held on the twenty-tIrst day OF
, October. 1916 the following named shall con-
Sttute the first board Of directors, to-wit:
Raymond b. Scudder, Colgate Scudder, NJ.
/ f. Scudder and A. K. Scudder. All OF whom
! reside at No. Richmond Place, New Or
/ leans.
Article V.-Meetings of stockholders for the
| purpose Of election any other purpose may
be held upon fifteen days notice sent by
mail or delivered, and a delivery OF such
notice in person or at the residence of a
/ stakeholder shall be sufficient for all pur
poses; such meetings may be held at any
time or place by unanimous consent and with
out notice. ANY notice required by this
charter or by any laws Of the state may be
waived and such waiver shall be IN writing
and incorporated into the minutes Of any
meeting held under such waiver.
The stock Of this corporation has been sub
scrIbed as follows: tthe subscribers hereto
all residing at No Richmond Place, New
Orleans, louisiana. Raymond b. SCudder,
2s5 shares Colgate Scudder, shares; NJ. Z.
Scuddcr, shares; 4. X. Scudder, shares
total, 500 shares.
Article NI.-At the dissolution of this cor.
p0ration, the liquIdators TO be then and there
elected in addition to the powers conferred
upon them by the laws Of this state, may be
authorized to sell the property Of the cor
pUratiOn IN whole or in block and to receive
in payment therefor the bonds or stocks OF
any other corporations. They may also be au
/ thorlZcd TO compromise, arrange and adjuS'
debts due by or TO the corporation
/ Article NlI.-The entire capital stock o
this company has been subscribed and fully
paid.
day, month and year, first above written, il
| the presence Of Henry Z. Dart, Jr., and Tho
| mas Joseph Dobbins, competent witnesses
| who have signed with the aPpearers and me
/ the notary, after reading the whole.
! Original signed: K. b. Scudder, 85 shares
! Colgate Scudder, shares; NJ. E. Scudder,
| shares; a. r. Scudder, shares.
! Witnesses: Henry p. Dart, Jr., T. J. Dob
/ bins.
! JEFF. c. WENCK, Notary Public
! / STATEMENT OF MANNER OF PAYMEN.
! OF SUBSCRIPTIONS TO CAPITAL STOCl
! OF RAYMOND b. SCUDDER, INC.
! The subscriptions to the capital stock Q
! Raymond b. Scudder. Inc, have been pal
= for in the manner following. to-wit:
Raymond B. Scudder has Subscribed to Is
shares of stock which he has paid for b
IS transferring to the corporation the followin
r assets:
. Cash 4OOOC
: Tank cars go cars a $4,000 .-..---. 10000
! Once fixtures and furniture --.-.-------- 75OC
v Claims against railroad carriers 25O.C
l. Good will Of business heretofore con-
. Quoted by him individually y 10000
: $4,000
K Less bills payable ..--.-.------ 10000
% Less accounts payable 5000
e 29,CoOc
" Colgate Scudder has subscribed to 5
rs shares which he has paid in cash SOOC
a NJ f. Scudder has subscribed TO
N shares which she has paid in cash SOOC
l. A. r. Scudder has subscribed to
,e shares which she has paid in cash SOO'