The herald., 1916-06-15

Article S.-AN the corporate powers Of this
corporation shall be vested in and exercised
by BOARD OF Directors composed OF five
stockholders, each OF whom shall own in his
own right, during his tern. Of Office at least
| one iuIl paid. nOn.pledged share OF stock,
winch shall be shown by his written declara-
ton, three OF whom shall constitute quorum
Tor the transaction OF business; provided, the
Board II Directors are hereby authorized TO
increase, IN their discretion, the number Of
direGtors - nine. in which case five thereof
shall constitute a quorum.
The officers OF this corporation shall con.
SiNt OF "a resident, vice president, secretary
and treasurer. all OF whom shall be members
OF the Board OF Directors. The Offices OF sec
| rotary and treasurer may be held by one and
;he same person.
The following named persons shall consti.
tu'c the N-pt Board VI Directors OF this cor.
Poration. 10 Wit: GEORGE MULE, 2SJ9 Es-
p.anade avenue, New Orleans, La; PASCAL
Al.MERlCO. 52ll Ursulines street, New Or
leans. La; BENEDETTO INTRAVAIA,
Nairn. Z. O., La; JOSEPH MUSTAICHE, -
Morgan boulevard, New Orleans. La; JOHN
LlJLIA. 1874 Milan street, New Orleans, La,
all residents Of this State Of Louisiana, with
be'rge Mule, president; Pascal Almerico, vice
president; John Liuzza, secretary; Joseph
Mu>;aiche. treasurer. and these directors and
3incers shall serve until the second Thursday
m May, 1917, or until their successors are
duly elected and qualified.
Thereafter the directors shall be elected an
nuaily on the second Thursday in Nav Of
each year beginning with 1917; all elections
! OF directors shall be by ballot, and each
shareholder shall be entitled TO one vote for
each share ot stock standing in his name on
the books VI this corporation, this vote to be
cast IN person or by proxy, and il shall re-
quiIe majority Of the stock present or repre-
scented 10 elect.
Failure to elect board of directors on the
second Thursday IN May, 1917, or annually
! thereafter, shall not work a forfeiture Of this
charter, but the old board OF directors shall
remain IN 9ftce until their successors are duly
elected and qualified.
Article 6.-The board OF directors shall hold
regular meetings at such times as shall be
| hNcd IN the bylaws OF this corporation. These
meetings shall be held at the domcle OF the
corporation, but the president may call spe-
ciai meetings OF the board of directors at
such times a. he may deem advisable and he
shall! be required 70 call such special meetings
| on the request OF three members of the board
/ OF directors. Three days notice Of such spe-
| Gial meetings shall be given in writing TO the
| directors, unless waiver Of notice is signed by
the directors. Any vacancy occurring in the
! board either from death, resignation, or in.
| Of directors al ITS next regular meeting, after
| such vacancy shall have occurred The frst
| board Of directors Of this corporation shall be
! required 10 draft suitable bylaws for the
| government Of this corporation, which may be
! altered, amended or changed as the exgencies
OF the case may require
| Article The stock of this corporation may
be transferred, provided such transfer shall!
| 4CNO4 4Cu upon inc DJOEH OF lut at4cIl
before 1t shall be required to recognize the
| recognize the transfer of the new holder OF
| said stock The total amount of the sub.
| ScrIbed stock. as herein set forth. is the sum
| Il FIfty-two thousand FIVE hundred (SS2, 5000
| Dollars, which is hereby authorized to be is
| sued fully paid and worcestershire, for cash,
1r in exchange for property or services, &C
1 ,ording TO law.
| Article s-This charter may be modified OF
altered, the capital stock thereof increased or
decreased. or the corporation may be dissolved