The herald., 1916-06-08

Article 5.-Au the corporate powers OF this
eoroo-a'ion shall be vested IN and exercised
by Board Of Directors composed OF FIVE
stockholders, each OF whom shall own in his
own right. during his term OF Office a, least
one tu'l paid, ron-pledged share OF stock.
inch shall be shown BY his written decisra.
ton, three OF whom shall constitute 4 quorum
;pr the transaction Of business; provided, the
B9a-d OF Directors are hereby authorized to
increase. IN their discretion, the number OF
directors 10 nine, IN which case hve thereof
snail constitute a quorum
The Officers Of this corporation shall! con
si>t u a president. vice president, secretary
ard treasure, all x whom shall be members
o. the Board uf Directors. The Offices OF Sec
retary and treasurer may be held by one and
the same person.
The following named persons shall const:.
tucc the u-st Board Of Directors Of this cor.
pgra,,on. 10 wa: GEORGE MULE, $40 Is
?. made avenue. New Orleans. La; PASCAL
ALMERlCo. 31Il Ursulines street. New Or
leans. L.; BENEDETTO INTRAVAIA.
Nai.r. !. o., La; JOSEPH MUSTAICHE. u
Morgan boulevard, New Orleans, La; JOHN
LiJLLA. lSJ- Milan street, New Orleans, Ia
all residents u this State Of louisiana with
George Mule, president; Pascal A.-erico. vice
president; J Tan L.uzza, secretary; Joseph
MuSiaicae, treasurer. and these directors and
''rcs-s shall serve until the second Thursday
IN May, 1911. or until ;heir successors are
dl.y elected and qualified
Thereafter the directors shall be elected an
nua!4y on the second Thursday in May Of
e4c" year beginning with l9T; all elections
OF directors shall be by ballot. and each
Shareholder shall he entitled to one vote Tor
each snare q stock standing In his name on
the books u this corporation, this vote to be
cast IN person or by proxy, and u all re-
qulre majority Of the stock present O. repre-.
scented TO cleC..
Failure 10 elect a board Of directors on the
second Thursday in May, 1917. or annually
i2eIeat'eI' shall not. work a forfeiture Of tn 5
charter. but the old board OF directors shall
remain n office until their successors are duly
elected and qualified.
Article 6.-The board Of directors shall hold
regular meetings AZ such times as shall be
aNed IN the bylaws Of this corporation. These
meetings shall be held at the domiclie o: the
corporation. but -he president may call spe.
GA! meetings OF the board OF directors a.
saca times as he may deem advisable and he
sAaL! De required 10 call such special meetings
N the request Of three members Of the board
u directors. Three days notice OF such spc-
sis4 meetings shall be given m writing to the
directors, unless waiver Of notice IS signed by
ne directors. Any vacancy occurring IN the
board either from death, resignation, OF in
aoillty 10 serve, shall be allied BY the board
Of directors a. its next regular meeting, after
,tich vacancy shall have occurred. The mrs,
yoaTd OF directors Of this corporation shall be
required 10 draft suitable bylaws for the
government Of tins corporation, which may be
altered. amended or changed as the exigeac!es
OF the case may require.
Article The stock Of this corporation may
be transferred, provided such transfer shall
Je recorded upon the books Of the corporation
before it shall be required TO recognize the
recognize the transfer OF the new holder OF
SAID stock. The total amount OF the sub
scribed stock, as herein set forth, is the sum
u Fifty-two thousand I'VE hundred 49,, 5000
Dollars, which IS hereby authorized 20 be IS
sued fully paid and worcestershire, for cash,
or IN exchange for property or services, &C
ooTdng to Law.
Article 8-This charter may be modified or
altered, the capital stock thereof increased or