The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09

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,ort-ar. for and gere-alIv N do and perform
barling and delivery Of goods. chatteIs |
freight haggagr building material wreck
7ge e,-tl, 6r,rlI1ts Milling for lots prom
-, - ~ ,,,''.-,iiy 50 b,,,I md d.
liver materials and articles of any all and
rvrrv Lind and drsrrintio, Whatsoever: to
oYn and o,erarr a harness rcp1ir and zen
er3l black smith shop. and generally 70 do |
auytr,ing gerrnane. NECESSARY. touching CON |
! rrr-i1g oT incidental tn The conduct Of the |
h1.ireSs ard nn~n1ses herein concentrated |
and such ss = generally engaged in by a /
-,-rs,-a-5,r or tbi, r3t.fre and character
! Article IV-The capital stock Of this cor |
| Do-atlan j. hereby fixed al the sum Of ten |
| thousand tSl0UuoOl Hollars. divided into |
and rcp-cscntri by one bundled GOm shares |
of stock of The bar value Of one hundred |
| 5Io6Cn dollars pr- share, said stock shall |
| ,r raiJ for in cash. an such time and after !
| such notice Ia the subscribers IS the board |
| nj Tirr.,grs rray ia or III. same nav be |
! ,..,l,.T n, ,,r Irss fh3u mar f,r labor done !
! or services rendered for the said corpora !
non or rr1rrty nT r:gbts actually ~cctIvcd
Lv said ,o-u,-l,ior That where there are
! ,I5s,-ip,i6ns 20 The capital stock Of this cor
po-s+ion ~ r-,,rrr,v or GOOD will or for labor
| I,re az services rendered for this corpora
! tion there must aupear in or be annexed 10, |
| The articles oi inC6rporation and be read in
connection Herewith, an accurate detailed and
! itr,,flrd dr,,-ip.io-, d such property, as o
| a,r.r,t Ior,fion extent character and state
| ,f Improvement together with statement Of
! lis y5lue as appraised by the directors, and
| 4 statement II the value placed upon any
! good will or for labor done or services rem
| decd a. included in the capital stock Ii
! The giving Of the property or good will or
| for labor done or services rendered is effect
| ed in exchange for stock which transpires1
| SUBSEQUENT :, inrorpu-ation A similar de-
| s'-intISn and advertisement must be filed IN
the Office of the Secretary Of State, and in
the once of the clerk and ex-officio recorder
| nj mortgages in the parish of its domicile
within len DAVIS after the subscription, when
| stock 50 issued shall, in the absence Of
fraud he full-paid stock
| The amount to which the capital stock may
he Increased Shall at no time exceed the
sum Of one hundred thousand (SlOO0OOOO
yided by Section six o. of Act No. 2G7 Of
The. General Assembly Of the State Of Lou
isiana for the year 1914.
| TINS r1r,or5tion shall he going concern.
and Shall he authorized TO commence bust.
ness. when and as soon as five thousand
dollars or fifty shares Of IT'S capital stock
shall have been subscribed and twenty-five
hundred dollars or TWENTY-FIVE shares of its
capital stock shall have pren paid for; all
in accordance with the requirements of Act
No POI of the General Assembly OF the
State Of Louisiana for the wear 1914
| Article V-Al of the corporate powers of
said corporation shall b., vested in and ex-
ercised bv a board of directors, TO be COM
posed of not more than five CS) and not less
ihan three a. Stockholders, a majority of
whom, sitting at any time snail constitute
Quorum said directors to De elected annually
| an The second Monday of October beginning
| in the wear 1917 Each stockholder shall be
entitled in person or by written proxy, to
one vote for each share or the capital stock
held BY him and standing in his name on
the books of the corporation or he may send
his vote by letter, the signature of which
must be Acknowledged before a notary pub
lie or other officer authorized 20 take affida-
Wits TheN Stockholders of this corporation
, are herewith given and granted the right Of
r | cumulative voting in the election of officers
or directors All elections shall be held
under such rules and regulations as may be
determined by the board of directors, after
, legal notice of such election shall have been
: given to each tockholder by mail, sent to
his last known address, be published in
, one Of the daily newspapers publ shed in the
English language in the city of New Or
leans for at least fifteen Q5 days pre-
ceding such election. The directors thus
1 successors Shall have been duly elected and
= qualified No failure to elect shall be re-
Farded as a forfeiture of this charter. Any
vacancy occurring on such board of direc-
tors shall be filled by the remaining direc-
tors for the unexpired term, when a vacancy
\ Shall be considered TO exist at any time when
, the maximum number of directors provided
and actually so serving Said board of d.
! rec,ors shall, at its first meeting after its
r election, elect from its members a president,
one or more vice-presidents, a secretary and
E treasurer. and a manager or superintendent.
e II NAV combine the office of secretary and
, treasurer into one, and may even elect sec
director Said board of directors shall have
E The right and power TO appoint and discharge
. such clerks and EMPLOYEES of the corpora
ton Including the secretary who is not a
stockholder or director as conditions may
; Justify or the business of the corporation
: NAV require The tenure of office of all OF
the empIoyees of this corporation shall be
during the pleasure of the board of directors
i The board of directors may from among its
: members appoint an executive committee,
d which said committee shall consist of three
i CO members, including one of the officers OF
e the corporation, and the board of directors
NAV delegate such managerial powers as ii
e deems necessary to the executive committee
a meeting of the board of directors The board
| of directors NAV name and appoint such
v other committees as it may deem necessary
a for the purposes of the business of this cor
poration
l.. | Article VINO stakeholder shall ever be
e held liable or responsible for the contracts
e faults, debts or duties of this. corporation
i nor shall! any mere informatity IN us organ
d charter null, or OF exposing us stocEnoloefs
: to any liability beyond that every subscriber
Il to the capital stock OF inns Corporation
though not holder shall De personally ia,
=, BILE to the credltors OF thls eotPoIdtlol W a.
:, amount equal to the ,unpald oaianSe on uIe
stock, tor whlch ne mas su1scroeu; iLdiis,
ferees shall NOT De laole u1iess II oe sly
D. tnat the STOCK was aCqulIeu WIZ Nv f
!, OF the CONDITIONS wfhch would nidke lne SUI i
# scrloer haDle' Where pom Iii ~ :;
e tranSieree are hSDie, tne nanny sIait W :.
e Solido' ana tne Haollrty sLai! con. .I -
y ooth, arter any qSPosdI Oh tIle seoo ~. - =:
|. theT, that II STOCK DC issued vL PoPeiy -
violation OF the provisions OF TINS aet Vi u