The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-27

Article III-The objects and purposes for
! which this corporation Is established and
! the nature Of the business to be carried OF
/ by u are hereby declared 20 be: The opera
ton and conducting OF general Marble and
! bTdU!'c, Stone Manufacturing business, the
! buying and selling OF all kinds OF marble
! granite, stone and other building material
/ the construction OF buildings; exterior and
! interior. and cemetery memorials of every de.
| Ncrpuon and other works in whole or in
! part IN Louisiana, and other states, the
| storage OF all kinds OF material, and generally
! the doing and performing OF all acts Incl
! dental or necessary to any and all OF the
/ objects herein expressed.
! Article IN.-The capital stock OF this cor
/ poration Is hereby fixed At the sum Of ten
! thousand dollars, 10 be represented by one
/ hundred shares OF the par value OF one hun
| bred dollars each, which capital stock NAV
be increased by a vote Of the majority OF the
stockholders al any meeting called for that
purpose, payments for said stock shall be
made IN cash equivalent as may be pre-
>crbed by the board of directors who nav
have power to issue full paid stock in pay
ment for property, real or personal, trans
TERED to said corporation or for labor or
service rendered
No stakeholder may sell, assign or transfer
his stock IN this corporation unless thirty
days previous notice, in writing. OF such in
tentions 10 sell, assign transfer any stock
10 be gwen to the company to such sale
assignment or transfer, and upon such no.
night TO purchase the stock at its value by
reference TO the balance sheet of the last
fiscal year. Upon failure of the board TO
pass a resolution before the expiration of
thirty days, to purchase the stock at its book
ket
No stock Of the company can be bought in
by any pledge, except upon the above condi-
IonS and provided the board Of directors
do not resolve to purchase the same at its
book value within the period named. No
stock can be transferred under any condi-
tons unless the transfer be made upon the
DOCKS OF the company, at ITS office, in the
city OF New Orleans, Louisiana.
This corporation shall be authorized to COM
mence business as soon as eight thousand
dollars (SSO0OOO OF the capital stock shall
have been subscribed for.
Article V.-The corporate power of this
corporation shall be vested in and exercised
by 4 board of directors, of three or more
directors composed of stockholders a ma
Jorlty OF whom shall constitute a quorum in
the transaction of business, which said d-
rectors shall be elected. at general meeting
Of the stockholders of this corporation TO
be held on the third Saturday of January in
each year, beginning with the year 1917, and
notice OF said election shall be given by
mailing to the stockholders. at their last
known place Of business, call for said meet
ing hve 81 days previous thereto.
Said board. at its first meeting after each
election. shall elect from its own members
a president and secretary-treasurer. Failing
from any cause TO elect directors on the day
submitted shall not dissolve the corporation.
but the officers and directors then in office
shall hold over until their successors shall
have been duly elected and qualified.
At all elections any meetings of stock
holders. each stakeholder shall be entitled
to one vote for each share of stock standing
IN his name, and may vote in person or by
proxy.
In case of the resignation or death of a
director his place shall be filled as soon as
practicable by calling a meeting of the
directors to elect his successor, who must be
a stakeholder.
The president shall appoint such agents, |
employees, servants, and clerks as may be
necessary for conducting the business OF
this corporation, and shall fix their compen- !
sation and have the right to dismiss at pleas
uTe.
Article NI.-This act of Incorporation may
be changed, modified amended, and this |
may be dissolved with the assent !
Of two-thirds of the capital stock represented |
at general meeting Of STOCKHOLDERS called |
tor that purpose after a hve (5) days notice !
IN a daily newspaper in the English Ian |
guage in the City of New Orleans, Louisiana. |
Any changes proposed or made with ref |
erence TO the increase or reduction of the |
capital stock shall be made in accordance |
with the laws of the State of Louisiana, whit :
reference to the alteration of the capital |
stock of corporations.
Notice of all stockholders meetings, not |
herein or by law otherwise provided for, |
shall be given to each stakeholder by letter |
to his last known place of resi- |
dence business and deposited in the |
mails at least five (0 days prior to the date |
Of said meeting.
In case of dissolution or terminating of |
this corporation, either by limitation of this |
charter or for any other cause, It's affairs |
shall be liquidated by three 90 commission |
ers selected by its stockholders at a general |
held
shall remain in office until |
the affairs of this corporation have been !
fully iiquidated. In case of death or inca |
pacity OF one or more of said commis sioners, |