The herald., 1916-07-06

Article 5.-All the corporate powers OF this
corporation shall be vested IN and exercised
ny a board Of Directors composed OF five
stockholders, each Of whom shall own in his
own right, during his term OF office at least
one iuli paid. uon-pledged share OF stock
winch shall be shown By his written declara-
tion, three OF whom shall constitute quorum
3or the Transaction Of business; provided, the
Board o. Directors are hereby authorized to
increase, IN theIr discretion, the number Of
directors - nine, in which case five thereof
snail constitute a quorum.
The officers II this corporation shall con-
Hiot OF president, vice president, secretary
and treasurer, all OF whom shall be members
Of the Board OF Directors The Offices of sec
Tetary and treasurer may be held by one and
the same person.
The following named persons shall consti.
tu'e the nr,t Board ot Directors OF this cor
p"ratlgn. 10 wit. GEORGE MULE, 2l9 Es-
p.analc avenue. New Orleans, La; PASCAL
AIMERICO. 32ll Ursuli0cs street. New Or
leans, La; BENEDETTO INrRAVAIA,
Nairn' !, o., La; JOSEPH MUSTAICHE, q
MTrE lI boulevard. New Orleans, La; JOHN
LiiLLA, 1874 Milan street. New Orleans, La ,
an residents OF this State Of Louisiana, with
George Mule. president Pascal Almerico, vice
president; John Liuzzd, secretary; Joseph
oihceTa shall serve until the second Thursday
in May. 1917, or until thcir 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
81 directors shall be BY ballot and each
shareholder shall be entitled 20 one vote for
eaeh snare OF stock standing in his name on
the books OF this corporation, this vote TO be
cast IN person or by proxy. and i shall re-
cure a majority Of the stock present or repre-
scented to elect.
Failure to elect board of directors on the
second Thursday IN MAY 1917 or annually
hereafter. shall not work forfeiture of this
charter, but the old board of directors shall
remain IN office until their successors are duly
elected and qualified.
AT:i@e b-Ihe board Of directors shall hold
Tegu.ar meetings at such times as shall be
HNe4 IN the bylaws Of this corporation These
greetings shall be held at the domiclie Of the
coiP'rAton, but the president may call spe.
CA meetings OF the board Of directors at
AlS times as he may deem advisable and he
S1a.l De required g. call such special meetings
OF me request ot three members Of the board
~ directors. Three days notice Of such sre-
,ial meetings shall be given in writing 70 the
HEe' lpT'. unless waiver OF notice is signed Iy
me directors. Any vacancy occurring in the
DpArd' either from death, resignation, or in
a9alty 10 serve, shall be filled by the board
Of directors at ITS next regular meeting, after
.ncA vacancy shall have occurred The irss
BOARD ~ directors OF this corporation shall be
required to DRAFT suitable bylaws for the
government OF tbs corporation, which may be
altered, amended or changed as the exigcf-ics
Of the case may require
Article The stock of this corporation NAV
be transferred, provided such transfer shall
BE recorded upon the books Of the corporation
before 1t shall be required to recognize tn.
recognize the transfer Of the new holder of
said stock. The total amour: Of the sub
scr,5ed stock, as herein set forth, is the sum
o. Fltty-two thousand FIVE hundred (s52, 5C00D
Dollars, which is hereby authorized 70 be IS
sued fully paid and non-assessable, for cash,
OF ia exchange for property or services, &C
cording TO law.
Article s.-This charter may be modified or
altered, the capital stock thereof increased or
decreased, or the corporation may be dissolved