The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-07

through which said cDrpOTatIonS mann or
connecting lines OF railway may run, ana
generally % have and exercise all slch IN
c,dental powers and privileges as relate to
the objects hc-cIunctorc set t0rth.
Article IN.-Thc capital stock OF TINS cor
Dgrariou : hereby nNci ~ the sun. OF three
PP,JroJ ,5,ueani dollar, rS5OO.O0OOol divided
INFO and represented 10y three thousand
shares nj the par value OF one hundred uoi'
lars $4,000 each.
The ,apltal stock Of this corporation has
.ecn subscribed for IN full and ccrtucaieS
ID. rlIl paid and non asscssapie NtpcA shdI'
he issued % said ~uh~CrI0 IN consideration
Of the CONVEX vance and transfer 10 TN" cor
rp-at.0u ut the railroad. equipment IRAN
.5f-r~ properties and other rights more
iuliy described and appraised by the due'-
tor, named IN TIN, act OF 'ncorPorA.to9' III
the schedule hereto annexed made part here
Ss.j r-Tpcrty having been delivered con-
-rmio-ancJu,ly herewith and the SAID cap,
ftal stock having been fully subscribed ana
fard for, the corporation >'"" "' '"'' W
Ar..clr N-NI the corporate powers 81 thus
corporation shall ne vested IN ana e\eiIl>cn
ry a Board Of Directors composed 81 e.cNcn
-;n,kn..ter, to be elected annually on the
illrd tuesday iu January m eaCh year a.
d general stockholders meeting \ MAJORITY
u said directors shall constitute " Quorum
All such elections snail 9e 10y ha'Iot anu
| shall be- held and conducted AT the ONCE oil
the corporation under such regulations As
may be established 10y the Board al DiTec'
tors. -.
N.iiSe 'i >a,n l'.S''.i,,S "f TD -, IN the
| manner prescribed 10y law and, when not 50
prescribed t1cil "i''''' No., WI -, L..
| 'aSN N3a" ne GeP'N''SH' 81 -, =, H.
p~''~ 90 the 'I"'o OF s"G: S-i7 -,
ave p-cpald addressed TO each >tpckholder
At hl~ last known residence OF pace u Jus
ness. l o., al ,.,-r,-,+c
Al a.i H1'" S''N.''tS - III a., ut
meetings every 10 N''o.uJG, -, ~ t,rL
! tcd I" one VOC 10. 80. - nj The
standing III "ir '''.'C 2 - - -, a,
S'TP1I dl''l' 10 "N - -. - -, ,,,1i;-,r;t, q,
~ MS "'l''t" PyyrN! A.. ,.9r,,,r,,. %.
the votes 'aN' '.,''' -. - - -,-n1
| curing among '.' "'...- ,b.-r'.s
'aI9h 'N HJ'I" ~ ,rcx.,;-ad
N3@'I ne i,''Su 'E $500.
term by thr remaining "''N>''''' -, L..
\ taIlute 10 elect directors %" '"e ua''
specified shall not dissolve the corporation
nor impair IT. corporate existence OF man-
agement, but the directors men III oIlCe
Sail remain in office until their successors
shall have been duly elected ana ehdli nave
qualified.
The board OF directors at IT. hTNt meeting
shall elect from Its number a president anu
one or more vlce-preNidenl'. II more u 3
tipual vrCc-president> need moi ne meIhocTs
0f said board. i shall also eject treas
u-cr and a secretary Or one person To act as
both secretary and treasurer either OF whom
may 70 may not be meuler OF the BOARD.
The board OF directors from time 10 tlme
may name and appoint all such othcers and
agents a il may deem necessary Tor the
purposes and business 81 SAID corporation.
| The said board shall have the power to hX
and define the duties OF every othcer and
| employee, and all officers and employees
| shall hold office and employment at the pleas
IRE Of said board. .
The board may make and establish as wei!
A. alter and amend, all bylaws, rules and
regulations necessary and proper in its ludg-
meut for the conduct and mandgement oi Inc rhe
| business and affairs Of said corporation. Inc
| board OF directors shall have full power and
| authority to borrow money, To execute NOR
| cages and TO create liens; 70 issue ponds
notes and other oblig3tions' and to secure
| same by mortgage, pledge and otherwise'
| and generally to do any and all things rea-
| souable. convenient and necessary tor the
| proper carrying on OF the business ana al
| fairs of said corporation; and To clothe an
executive committee with full corporate pow;
| erS during the interim between meetings oil
| the board.
| The board OF directors may issue iull-p2ld
| shares of stock for cash or IN payment lot
labor done and performed for said corpora,
ton or property actually received by said
| corporation upon complying with the Tor
malities required by law.
| The board of directors shall have power
| and authority to name and appoint transfer
| agents in financial centers to make trans
| fers OF the stock of said corporation under
such rules and regulations as the SAID board
Stock transferred on the books OF such
| transfer agents shall be deemed transferred
on the books of the corporation.
Article NI.-Whenever this corporation
shall he dissolved, either by limitation OF
from any other cause, its affairs shall be
liquidated by three commissioners to be ap'
| pointed from among the stockholders at
| general meeting OF the stockholders convened
for such purpose; majority in amount Of
the capital stock of said corporation repre-
scented at said meeting shall be requisite e
elect Said commissioners shall remain II
office until the affairs of said corporation
shall have been fully Equidated. In case
| of the death of one or more of the Equ
dators the vacancy or vacancies shall be
filled by election by the surviving commits
sioners, or liquidators. Said commissioner.
shall have all powers conferred upon then
by law or by the stockholders at such meet
ing If not inconsistent with law.
Article VIII.-Ths act of incorporation ma,
be changed. modified or amended or the cap
ital stock Of the corporation may be increased
or decreased. or said corporation may be dis
solved in the manner now or hereafter pro
yided by law
Article VIII-No stockholder shall eve
he liable for the contracts or faults of sal,
, corporation in anv further sum than the I'm
. paid balance due the corporation on tn
: shares of stock owned by him, nor shall an,
, mere informality in organization have tn
: | effect of rendering this charter null or o
{ exposinR a stockholder to any liability be
yond the unpaid amount, if any, remainin
. dre on his Stock
n Article IX.NThe following shall constitut
the frst hoard Of directors of This CORPORA
: tion: c. f. Allgeyer. New Orleans. La: lie
, | ID n.