The herald. [volume] (New Orleans, La.) 1905-1953, 1916-07-27

/ >-id capital stock may be increased :
| ~ sun u I'VE hundred thousand and 90 10
4 .>9'."hp" dollars in the manner provide
! iDr oy the laws OF this state Nhereve- a
| increase OF said capital stock shall hav
| 3een authorized Or uns)ld stock issued "a
tge1, 80 days written or printed motto
| >!t.i oe gwen p each stOckhOder With,
| "hic9 time person holding stock in ,hi
| corporation shall have the right 20 subsc-ib
| ior said increased stock or additional issu
| ~ stock N proportion to the number OF share
,;or >,2'S men ned by them, and which add
| ',ghtt shareS shall be paid for as the boar,
~ directors may direct. After the expira
Gon Of said time the board Of directors ma,
pplrpo,e OF the shares not taken. for The
80, '' me company IN such manner anc
on Iuch terms and conditions as they nav
Dividends shall be declared on the amount
actually credited on the capital stock witbnu,
regard 10 the amour: subscribed for.
A, all elections by or meetings of the
st2g,h2oiderS. each share Of stock. whether
paid Tor IN full or not. shall be erritled n
one VOTE u he cast either by the person in
whose name the stock appears on the bool.s
Of tais corporation at the time OF the voting.
~ ms agent Or proxy, duly authorized in
All transfers Of stock shall be made IN
the books Of the corporation and sbsII he
signed by the stockholders or by his attor.
ne company shall commence business when
SlN hundred topl shares OF the capital stock
are subscribed Tor Or disposed Of
Article NL-The business and affairs and
corporate powers II this corporation shall he
transacted by board # 1--WE 90 directors 10
he composed Of stockholders thereof. and
'Aey and each II them shall be elected by
HdlorIty 81 all the votes cast at a meeting
70 be held for that purpose.
d.. William II. Weaver. us Pel;c,, ave.
nue.: as pre- dent, DR.. Alfred {. King. 3O5
N3.eite street. a vice president: Harold II
bioSon, 20 Olivier street as secretarv.treas-
n-er; Joseph ! Ogden. so Elcnore street.
SeHeIaI manager, all OF New Orleans. La.
dhl ''eorge r. Anderson, Of Beaumont, Texas
'laA con>uiu;e the first board of directors
and they shall hold office until the second
tuesday IN February. 1918, or until their sue
ce,,yTS are elected and qualified; each subse-
qutht 6oard shall take their seats inmedi-
1te'y following their election or as soon
hereafter as practicable. and shall hold their
"Iuye' una, their successors shall have been
elected and qualified
A majority Of said board Of directors shall
constitute a quorum for the transaction and
management of all business OF said corpora.
ton. 'F
On the second Tuesday of February. 1918.
ana annually thereafter an election for direc
t1rS by me stockholders shall be held at the
once OF the company, after fifteen DAYS Driut-
ca % written notice shall have been mailed
- each stakeholder or subscriber 10 stock a.
,sHe,r respective addresses appearing on the
looks -...z5- OF the company: Every board Of d..
rec'oTS shall at its first meeting af.e- H.
lection, or as soon thereafter as practicable.
eject president, a vIce-pres ident and a sec.
.e'ary treasurer and a general manager from
their own number.
n failure to cleo. directors on The 5,.e
above spec ned shall not dissolve the corno-
ration, but the then existing board Of direc. |
.'T' Shal continue 10 hold their Offices and
another election shall be held as soon thee |
nc ds PracNCabIe Al time 10 be fixed BY |
"a Il Tree tLn.,
li'een Q5) days prior notice shall be given |
III the manner above provided which said
notices shall be full and complete notice 70
al stockholders Of such meetings
In the event no election takes place At the /
eG!nd meeting the board then in office shaIi
loid over until the next annual meeting ~
qualified. anu
ANY vacancy occurring in said board Of
~, l-7- -rs from any cause, shall be filled by
ne remaining directors.
Inc board Of directors may make such 5y.
w. rules and regulations as they nav
hnk proper for the transaction of the bust !
IS and af1irS OF sa'r corporation and
mango alter and amend the same at pleas
7. :, dnl Snai! exercise all the powers Of this
d PoTaton or may delegate the same 20 one
more othccrs AZ its pleasure: appoint and
\ Ue salaries 81 a.! officers, clerks and en-
iipyees' not herein mentioned, the same 70
mango or dismiss at pleasure. FIX the Gala |
'i-'l 4's iltEt.N5 sell Z
'gEey' mortgage, pledge, lease and purchase
,s"tS, privileges, franchises pr1rerty nova
re-, immoya5le and personal, borrow money.
M money; issue notes and bonds; make
5n'ract and sign 1r cause % be signed by
H-efa or directors specially Or generally au- !
lo"zed by the board Of directors all nee
'saTy acts, deeds, etc, and adopt a corpor-
-e seal, the same 20 change or al.e- or dis
.nSe with at pleasure; and % do all things
!!cn may be necessary to be done in the "
anagement OF said business and permitted :
the laws applicable % corporations.
Article VII.-No st0ckhode- shall be az.
wed TO dispose, either directly or indirect
=, in whole or in part, Of the shares Of 7
ock held or owned by hip without first Civ
g written notice 70 the secretary of this
operation OF the intention of such stock il
'iders to dispose Of his shares of stock in