The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09

Wednesday in October, 1917, at which time
board shall be elected, and board
after on the second Wednesday in October
| of each succeeding year.
The failure to elect directors at any time,
however, shall not forfeit this charter, but
| those in office shall hold over until their
| success sors are elected and qualified.
All elections shall be by ballot, and each
stakeholder shall be entitled to one vote
| for each share of stock standing in his name
on the books of the corporation-which vote
| shall be cast in person or proxy, or as the
| law provides; and it shall require majority
| of the stock issued and outstanding present
| or represented at such election to elect. -,
The board of directors SO elected shall
select from their number the officers of said
| company. No person shall be member of
| the board of directors OF this company who
| is not the bona hde owner of at least one
| ID share of the stock of said company.
ANY member of the board of directors who
may be prevented from attending the meet
| ings thereof may give his written proxy to
any another member of said board of direc-
| tors to represent him in all matters at any
meeting of said directors, whether special or
general.
power and authority to provide for the gen
eral and special meetings of the stockhold-
ers and of the board of directors as pro-
Article VI-The following powers are ex-
pressly reserved to the stockholders to be
exercised by them, to-wit: the right to merge,
| amalgamate or combine this corporation with
other corporations, to sell the corporation
| assets as a whole or to lease, sell, or mort
gage the property or plant of the corpora
| ton, either in whole or in part; to nix the
salaries of the officers OF the corporation 70 70
| control any uniform or general increase OF
\ salaries of employees; to control the policy
of the board of directors and of the officers
| of the corporations; and to pass upon any
proposition to issue any unsubscrloed STOCK
A., or to increase the capital stock.
| ANY and all of the things herein reserved
may be done and performed by the stock,
holders in meeting assembled ana pIovided
| majority of the stock issued and outstand-
| ing shall agree TO the same.
| Article VII.-Elections for board OF direc-
/ tors and for other stockholders meetings,
shall be preceded by fifteen QS days no
tice, and such notice as the law requires.
| All notices for either stockholders meet
| ings or meetings or the board of directors
required either by charter or by law, may
| be waived by unanimous consent. .
| All stockholders meetings shall be called
and held at any time upon the required no
| tees having been given, when called by the
board of directors or the GSeTs 6@nnS
least ten Q0l shares or more OF the capitai
stock of said corporation.
| Article VIII.-The officers of this corpora
| ton shall consist of a president, one or more
Independents, secretary and treasurer. The
1 Office of secretary and treasurer may be held
by one and the same person. Untii tne eiee.
ton to be held on the second WEDNESDAY IN
shall constitute the first board of directors
to-wit: Paul F.. Jahncke, sl4 Howard Ave
iC. s. Mcfarland, 350S Chestnut St; Walter
r. Jahneke, sig Howard Ave. and p Angus s
Jahncke as president, G s. Mcfarland as
vice president, Walter F: Jahncke, as secre'
tary and August w. Berdon as treasurer.
| Article IX.-The names and post ONCE al
dresses of the subscribers to these articles o.
Incorporation and the number of shares sub
scribed for by each are as follows; ~
Paul F.. Jahneke, STA HOWARD M ASe;, seS
shares; Walter F. jahncke, Sl4 Howard Aye.
New Orleans, La, a shares; August W; Ber
shares; F. c. Dunn & Co, Inc, $50 Graviei
ST., New Orleans, La, lis shares; Ernes
Lee Jahncke, S14 Howard Ave, New Orleans
La, Al shares. - i
the organization of this corporation beint
to acquire by purchase all of the materla
and other effects of the F. c. Dunn Com
payn, Inc, as we'll as to acquire all OF thsi
gravel pits or other executory contracts, per
tanning to the mining, producing and market
ing Of gravel at Jackson, La The parties
ss Charters detaed description of thu
material and effects delivered, as well as
list of the contracts and leases when !. !
proposes to transfer to said corporation II
payment of eleven thousand. I'VE hundret
dollars (sli, 10000 of the stock herein sub
scribed by the F. c. Dunn & Co., Inc, to
gether with the appraised value. Of salt
5roperty as made by the board Of directors
hereinafter named. which said description
and appraisal has been signed b the boar T.
me. notary, for identification with this char
ter. The F. C. Dunn & Co., Inc, consent
|, ing 70 a transfer of said property in paymen
of all the stock subscribed by 1t.
Article XI-This corporation shall hav
power to conduct business, not only in tn
|, State of Louisiana, but in any other state
territory or possession of the United States
|. Article XII.-This charter maybeamended
, modified or altered, or the corporation ma,
! be dissolved upon complying with Act 70
, of 1914 or any amendment thereof or any ias