The herald., 1916-04-13

reference 90 the balance ,A,~. Of the las;
fiscal year. Upon failure Of 'H" board 10
pass a resolution before tie expiration q
thirty days. t. purchase the stock o.. rs book
value, said stock may bc sold ru open mar
No stock Of the company can hc bought in
by any pledge except upon the above Coudi.
do not resolve to purchase the same At ITS
book value within the period named 10
stock can hc transferred under any COudl-
tons unless the transfer bc made upon the
books Of the company a. It's Office, IN the
city OF New Orleans, Louisiana.
This corporation shall he authorized 20 com.
wcucc business as soon as eight thousand
dollars ,Ssnn0O Of the capital stock shall
have been subscribed for.
Article N.-The corporate power Of this
corporation shall he vested in and exercised
by a board Of directors, Of three or more
directors composed OF stockholders, ma
jorIiy Of whom shall constitute q quorum IN
The transaction OF business, which sand d.
rcctorS shall be elected al general meeting
of the stockholders Of this corporation TO
be held on the third Saturday of January in
notice OF said election shall be given by
mailing TO the stockholders, AZ their last
known place Of business, a call for said meet
my five 50 days previous thereto.
Said board, al its first meeting after each
election. shall elect from It's own members
a president and Secretary-trcaSurcr. 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 4
director his place shall be filed as 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 al pleas
| ure
| Article VI-This act of Incorporation may
| be changed, modified or amended, and this
| corporation may be dissolved with the assent
| OF two-thirds of the capital stock represented
| at a general meeting OF stockholders called
| for that purpose after a FIVE 81 days notice
in daily newspaper in the English Ian.
| guage in the City of New Orleans, Louisiana.
Any changes proposed or made with RET
| erence to the increase or reduction OF the
! capital stock shall he 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
| addressed TO his last known place OF resi-
| dence or business and deposited in the
mails at least five 81 days prior TO the date
| Of said meeting.
! In case of dissolution or terminating OF
I this corporation, either by limitation of this
| charter or for any other cause, its affairs
| shall be liquidated by three CD commission,
| ers selected by its stockholders at a general
| meeting held as above set forth and said
comm ssioners shall remain in Office until
| the affairs of this corporation have been
| fully liquidated. In case of death or inca
paCity of one or more OF SAID commissioners
! the survivor or survivors shall continue To
| act until such vacancy or vacancies shall
have been filled by a general meeting of the
stockholders, above set forth.
Article VII-No stakeholder shall be LA
bic or responsible for the contracts OF TINS
| corporation or its faults, in any further sum
| than the unpaid balance due the company on
| the shares OF stock subscribed for or owned
by him, nor shall any informallty IN organ
| iZation have the effect of rendering this
charter null or exposing any stakeholder 70
any liability beyond the unpaid balance, II
any, due on his stock.
Thus done and passed, at my Office, in thi:
city, the day, month and year first above
u. Townsend and F. X. Watts, competen
witnesses, residing in this city, who have
hereunto signed their names with SAID ap
bearers and me, notary, after reading OF tn
whole.
Original signed: NJ. Geo. De Lucas ant
others.
, FRED. DEIBEL, Not. Pub
I. the undersigned recorder OF mortgages i
and for the parish Of Orleans, State 70 Lou
r isiana, do hereby certify that the above an
foregoing act OF Incorporation OF the DeLuca
r Marble & Granite Company was this da
y duly recorded in my office IN book III
= | folio S8l
k New Orleans, March %. 1916
;, (SIgnedJ EMILE J. LEONARD, by. X
e FRED. DEIBEL, Not. Pub.
y april - 20 y may II