The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-23

( y and mott otherwise; the sand ,1~.m,r st,cl
. shall, 3" tie event IF agy liquidation o.,
. dissolution Hr winding rap. whrthyr voluntary
/ 'r Involuntary. Of th.- corporation. fr er,i
. hereof
/ Al voting rights of the c,-o,-,ti,r shall
/ be vested equally IN the common stock and
! ~ the preferred stock Al all elections OF
/ directors or otherwise, each holder OF stock
/ being entitled ~ one vote Tor each share az
! stock standing IN his name OF thr books II
/ the company. NJ transfer OF stock shall be
made within period Of hvr days next pre-.
Tous 10 the date Of the election.
Separate stock books and stock registers
snail be kept for each of SAID classes ii stock
Inc whole Of both classes Of stock. Or anv
part thereof. may be issued and delivered
/ 20 any person, nrm or corporation for the
requirement Of the rights. privileges fran
Chl>es, property. >ervItudeS. or any part
thereof owned and controlled by such person
or corpgrailpn, also In payment, settlement
and adjustment OF the costs, fees. charges
expenses and commissions incurred for ser
vices rendered in the formation and organ.
ration u tins corporation and in acquiring
and bringing about the purchase 0f the
property, nights and franchises aforesaid, also
for Cash or IN lnS'allmeutS OF such amounts
a the board II directors may determine. also
Tor merchandise received Or for services
actually rendered 70 this company. The
board OF dircctptS hereinafter created Is
specially authorized - dispose Of the stock
~ any part thereof for any and all Of the
purposes above stated. as in its judgment
may seem faI- and proper.
Article N.-AN the powers Of this Corpora-
ton shall be vested in and exercised bv a
board OF not more than five 90 and not less
than three 90 directors, each Of whom shall
hold IN his own name on the books OF the
company At least one On uupledged share of
stock Members OF said board Of directors
shall be elected for terms OF three years at
the annual meeting OF the company. which
shall be held on the first legal day Of Feb
tlef hat rNa
tors hereinafter named shall hold office for
terms as follows:
J.. \. Stromberg, Esq, shall hold office
until the annual meeting 10 be held in 1917
ned;
f. H. Keep, Esq. shall hold office until
me annual meeting to be held in 1918, or
until his successor Is elected and qualified:
Eugene T. Barry. Esq, shall hold office
until the annual meeting to be held in 1919,
or until ms successor Is elected and quail
ned; and provided, further, that any duly
elected and qualified board Of directors com
posed of not less than three directors may by
unanimous vote increase its own member
ship up to hve members and name the new
members who shall serve until the next an
nual meeting OF the stockholders. the intent
being that portion only Of the board Of
directors shall be elected at each annual
meeting. All such elections shall be by
ballot al the office Of the corporation. under
the supervision OF three commissioner TO be
appointed by the board OF directors and in
The absence OF any commissioner the presi-
dent shall have power 10 I'LL the place bv
appointment and Of all such elections as
well As OF all meetings Of stockholders -ex-
sept for the purposes OF liquidation or disco
luton, or as otherwise required by law, ff- |
teen tl5D days notice shall he given by ]
such on the books OF the company, at his |
last designated address. or at the General !
Delivery at New Orleans, if he has not
designated an address. or by delivery TO I
: he
time and place Of the meeting. Each share
holder shall be entitled to one vote for each !
share OF stock, whether common or pre- !
TERED, standing IN his name on the books !
II the company, the said vote to be cast in |
person or by proxy, and a majority of the !
votes cast shall elect. The board Of direc- !
that may occur on the board. Failure to elect |
directors on the day above. specified shall |
not dissolve the corporation, but the direc-
tors then In office shall remain in Office until |
their successors are elected and have quail |
ned. The board Of directors at their first
meeting following each annual election shall |
elect from their number a president and a |
vice president, and they shall likewise elect,
nut not necessarily from among their num-
Der. secretary, a treasurer, and such other
IttCers as the board of directors shall deem
necessary. The board shall have the power,
n ITS discretion, 10 unite two more Of
ices and the same 10 confer upon one per
son. 1t shall have the power TO fix the sal |
ireS OF all officers and Of such further Off
'erS and agents as they deem necessary. The !
BOARD Of directors shall have the power to
make and establish, as well as alter and |
amend, all bylaws, rules and regulations
necessary and proper for the support and
OF the business and affairs of |
'aid corporation not inconsistent with its |
,harter Said board shall also have the
power and authority to borrow money and |
through the president or some other fully au.
horlted agent or agents TO execute mortgages,
Ssue notes, pledges, bonds, or other oblIga-
ions in such amounts and on such terms as
n their judgment may be advantageous, and !
10 do all things reasonably neces-
,ary for the proper carrying OF the busi-