The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-07

| which electrodes is a secret and known SOLELY
to the said George Vincent FRYE
| said assignment shall be further evidenced
ara supplemented by contract between the
| corporation and the said George Vincent
Frye, providing and STIMULATING for the de-
| post OF said process, formula, or method, in
a safety deposit vault in some bank in the
| city OF New Orleans, which contract has al
| ready. been submitted 10 and approved bv
| the said Frye and the Board of Directors Of
this corporation.
| And it is further understood that at the
| termination OF this corporation, whether by
| limitation, by voluntary or involuntary dis
| solution, or for whatever cause, that no fur
| Their rights 10 the said "Frye's Process, and
secret electrodes shall remain in this cor
| poration, or in any of its stockholders or
creditors, but that all of the rights which
| are granted TO it above set forth. shall
| at once revert and become vested in the said
George Vincent Frye, his heirs or assigns.
And the said A. Franklin Pugh, George
Vincent Frye, Oswald Ogden, Ernest J. Tay-
| Tor and ]. Clifford Lyons comprising all of
| the members of the board of directors of this
corporation, IN accordance with the require
ments of Act POI of 1914, of the Legislature
| of the State of Louisiana, do hereby value
and appraise the right of use TO said pro-
! cess, formula or method and electrodes al the
valuation OF forty-seven thousand FIVE hun
dred (S47, 10000 dollars.
The capital stock of this corporation NAV
be increased to one hundred thousand Sl0O-
0Oo.0O dollars.
Article V.-All the powers of this corpora
tion shall be vested in and be exercised by
board of directors composed of FIVE stock
holders, to be elected each year by the stock
holders al their annual meeting; each drec-
tor shall be bona hde stakeholder, and the
hrst board of directors shall serve until the
election to be held on the first Tuesday in
February, l9D, and until their successors
are elected and qualified, which board. with
their post office addresses, is as follows:
A. Franklin Pugh, S24 Gravier ST.. New
Orleans, La, who shall be president; George
Vincent Frye, lH y. Rendon St, New Or
leans, La, who shall be LIST vice-president
a2d general manager; Oswald Ogden, 3l5
be End vice-president: Ernest ]. Taylor, S24
Gravier street, New Orleans, La. who Shall
be secretary and assistant ,treasuret; J.
Clifford Lyons, S24 Gravier street, New Or |
leans, La, who shall be treasurer.
On the lst Tuesday in February, 1917, and
annually thereafter, except when such day
shall fall on a legal holiday, then upon the |
mex; following lay day, the stockholders shall |
year, the board already installed to continue |
to hold over until their successors are elected |
and qualified.
The board of directors 50 elected shall Sc
lect from their own number the officers of |
the corporation, who shall be a president, LIST |
vice-president, who may or may not be gen. |
eral manager, a End vice-president, a treas |
urer, and secretary, who may be assistant
treasurer.
Inc once Of the secretary and treasurer |
may be held by one and the same person as
secretary treasurer, as may be determined |
by the board
The election of directors shall be by ballot |
and the persons receiving the largest number |
of votes shall be declared elected. For elect |
ing directors or for any other purpose, each |
share OF stock, whether present or by proxy. |
shall be entitled 10 one vote. A majority Of |
the votes cast shall be required to pass any
resolution, or decide any question submitted |
to the stockholders, except for the alteration
or amendment of this charter, or the dissolu-
non OF the corporation, as hereinafter pro-
vided.
The said board of directors shall have power
and authority to make all necessary rules
and regulations for the management, opera
ton and control of the business of the cor
poration, as well as to make all necessary
rules and bylaws, with power 10 fill any
vacancy occurring in their number, any
occurring among the officers of the /
corporation. A majority Of the directors vot-
shall be required to pass any resolution, or
adopt any bylaws, and which, when so adopt
ed, shall become valid corporate acts.
Article NL-Notice of all meetings OF stock
holders for electing directors, or for any other
purpose, except as may be. hereinafter d.
rected, shall be given in writing by the sec
rotary, 10 be deposited in the mails at least
htteen days before such meeting. directed to
appearing upon the books Of the corporation,
unless said notice is waived in writing by
all the stockholders appearing as such upon
the books.
Article VII.-This act of Incorporation may
be modified, added TO, changed or amended.
or this corporation be dissolved by and with
the assent of the holders Of two-thirds in
amount of its then entire outstanding stock,
given at a general meeting of the stockhod-
ers to be convened after fifteen days prior no.
tice. 10 be given in one of the daily nevspa-
pers published in the city of New Orleans,
~ sadnonai TO the personal notice to each
q the stockholders, as provided in Article
vi OF its charter; and such changes as may
be made in reference to the increase or de-
by such notice. delays and formalities as are
by law enforced u