The herald., 1916-08-24

Said capital stock may be increased =,
s as sum Gn OF hive hundred thousand and conc
~ ~ dollars in the manner provide,
| ioi 10y Inc laws OF this state. Whenever a,
increase of said capital stock shall b,y,
oeen authorized or unsold stock issued SO
sSsn 10 days written or printed motto,
wb aii o . gwen 10 each ,stOckholder, within
corporation shall have the right 70 snhscr;h.
ior said increased stock or additional ;ssvs
Of s,oCk IN proportion to the number of shares
tonal shares shall be paid for as the bos-d
OF directors may direct After the .,n;r.-
| ton OF SAID time the board of directors NAV
h S.SpS1se OF me shares not taken, for the
think proper. '"e' may
| Dividends shall be declared on the anoun,
actually credited on the capital stock without
regard 10 the amount subscribed for.
stockbaid.t elections tons BY or meetings of the
pald Tor IN full or not, shall be entitled N
one vote, to be cast either by the person in
whose name the stock appears on the books
OF TINS corporation at the time of the voting
or by his agent or proxy, duly autbor;,ed IS
writing to that effect. 81
All transfers of stock shall be made on
me books of the corporation and shall he
ney. - ans N''"i
The company shall commence business when
SIX hundred (6Oo) shares of the capitsI SOL
are subscribed tor or disposed Of
Article V1.-The business and affairs and
corporate powers of this corporation shall be
transacted by board Of FIVE (5) directors, to
Is. 9oiIgoSeu OF stockholders thereof, and
they and each of them shall be elected by
majority OF all the votes cast at a meeting
to be held for that purpose.
DIR. William II. Weaver, us Pelican ave.
W nne; as president. DR.. Alfred c. King, 5Os
Ealiette street, vice-president; Harold II,
Gibson, 23o Olivier street. as secretaTv.tI,as.
urer; Joseph J. Ogden. 500 Elenore street.
general manager, all Of New Orleans. La
ana George Z. Anderson, of Beaumont Texas, |
shall constitute the first board of directors |
and they. shall hold Office until the second |
tuesday IN February, 1918, or until their sue
cessors are elected and qualified; each subse.
avery following their election or as soon
hereafter as practicable, and shall hold their
oihces until their successors shall have been
elected and qualified.
A majority of said board of directors shall
constitute a quorum for the trausaction and
management of all business of said eornoTa.
ton. WI POiH
On the second Tuesday of February, 1913.
ana annually thereafter an election for direc.
.ors by the stockholders shall be held at the
"a or written notice shall have been mailed !
o each stakeholder or subscriber 10 s,otk AZ ,
neir respective addresses appearing on the ;
JOCKS OF the company: Every board of d. /
,ecuon' or as soon thereafter as practicable. i
Ieet president, a vice-president and a sec. 5
tetary treasurer and general manager from O
heir own number. :
oove specified shall not dissolve the eorno.
ation, but the then existing board of direc. c
oFS snail continue to hold their Offices and o
nother election shall be held as soon there. c
as Practicable at a time to be fixed by d
ne board Of directors then in of5ce. whereof
t'eIh 'lO days prior notice shall be given ! Il
= lne manner above provided, which said 8
Il, E''ees ShSli be full and complete notice to u
II stockholders Of such meetings.
In the event no election takes place a, The j.
sG9nd meeting; the board then in Office shall Ii
DIG over until the next annual meeting or n
ntil their succeSso-s az al .i--.s rs " | .
Ialifed. ''N-'eN anu "
Any vacancy occurring in said board Of e;
rectors from any cause, shall be oiled bv :,
e remaining directors n
me board of directors NAV make such by- y
VS., rules and regulations as thew may CT
.s, proper Tor the transaction of the bust +"
ange, alter and amend the same al pIeas.
e, and shall exercise all the powers Of ms
rporation or may delegate the same 10 one ID
,bs ,. TinceIs at ITS pleasure; appoint and
.ne saiaTies OF all officers, clerks and en-. OIL,
yes nor herein mentioned, the same g s.
ange or dismiss at pleasure: FIX the sal -
> OF me othcers provided for herein; SELL d.
,5ts ,r H;Uiiisage' pledge, lease and purchase T.
=, immovable and personal, borrow money. y,
"a money; issue notes and bonds; make ~,
ntract and sign or cause 10 be sign.5 bv
lcers or directors specially or generally au-
1rIzed by the board of directors all nee. j
'ary acts. deeds, etc, and adopt a eorpor. f.r
seal, the same 10 change or alter or dis. The
use with at pleasure; and to do all things CO..
zen may be necessary to be done in the TO
nagement OF said business and permitted Pr
the laws applicable to corporations. cat
,rtjcl. VII NJ ,.o.LL.tI. -, ps5
red 10 d;snose .;tb.e I;esi, Snaii Ge AZ NY
IN whole or in part, of the shares Of I
OK held or owned by him without first Civ haT
written notice to the secretary of this iSlt
poration Of the intention of such stock
ders TO dispose Of his shares Of stock IN iul,