The herald., 1916-08-10

Said capital stock nav be increased 2.
N. sun OF nve hundred thousand and - no
S-''"," dollars IN the manner provide,
J isT by the laws Of this state. Wheneyer ar
increase o: said capital stock shall bay,
ueen authorized or uuSold stock issued M
zen ~ days written or printed notice
Wneh time persons holding stock in This
! corporation shall have the right to suhscriL.
IGr SaIi increased stock or additional issue
81 H.oek IN proportion to the number Of shares
| o. sock then held by them, and which add.
| uonaI shares shall be paid for as the board
Of directors may direct. After the expira-
uon o. SAID time the board of directors NAV
20. 1905 81 the shares not taken, for the
| oe"e"t OF the company in such manner and
think proper. ' MY
Dividends shall be declared on the amount
! actually credited on the capital stock without
| regard TO the amount subscribed for.
s,@rtba all elections by or meetings of the
paid Tor IN full or not. shall be entitled to
! one vote, 10 be cast either by the person in
~hoSe name the stock appears on the hooks
OF ms corporation at the time of the voting
| or by his agent or proxy, duly authorized ;n
writing 10 that effect
Al transfers OF stock shall be mad. on
me books OF the corporation and shall he
Sisned by the stockholders or by his attor-
The company shall commence business when
SIX hundred tC0W shares OF the canitsI stocE
are subscribed tor or disposed Of
Article Fl.-The business and affairs and
corporate powers Of this corporation shall he
transacted 10y board Of five 81 directors, to
Ne composed OF stockholders thereof and
they and each Of them shall be elected by
majority Of all the votes cast at A meeting
10 be held for that purpose
Or. William II. Weaver. us Pelican ave.
W HHTii as president, DR.. Alfred c. King, 3Os
Gibson, 256 Olivier street. as secretarv.,I.as.
uTer' Joseph ]. Ogden. 800 Elenore street
general manage, all Of New Orleans Ia
ana "eorge r. Anderson, of Beaumont Texas
snail constitute the first beard of directors
ard they shall hold office until the second
tuesday IN February, 1913, or until their sue
CeSSors are elected and qualified; each subse-
9 4.II p3drd Shaii take their seats inmedi-
a,eIy following their election or as soon
hereafter as practicable, and shall hold their
'ihCeS until their successors shall have been
elected and qualified.
\ majority Of said board of directors shall
constitute a quorum for the Transaction and |
management Of all business of said CORPORA |
ton.
On the second Tuesday of February. 1918. |
ana annually thereafter an election for d;rec.
t2r' by The sto, kholdcrs shall be held at the !
once OF the company, after fifteen days print |
ca or written notice shall have been mailed |
70 each stakeholder or subscriber 20 stock AT
t"e,f respective addresses appearing on the
DOCKS Of the company Every board OF d.
recto-S shall at its first meeting af,er Ire
c,,eClon' or as soon thereafter as practicable
eIe| president, vice president and a sec
their own number.
a failure TO elect directors on the date
above specified shall not dissolve the come |
Iduon, but the then existing board of direc- !
TOYS snail continue to hold their Offices and
4npthef election shall be held as soon there
aIter as practicable az time to be fixed BY
ne board Of directors then in Office. whereof
tteen iol days prior notice shall be given
~ ; .ne manner above provided, which said
all stockholders Of such meetings.
In the event no election takes place 4, N.
,eG,nd meeting: the board then in office shall
1oid over until the next annual meeting ~ !
qualified.
Any vacancy occurring in said board Of {
directors from any cause, shall be filled by
he remaining directors
Inc board OF directors NAV make such by. | ]
avs rules and regulations as they NAV c
, ,s,.N proper Tor the transaction Of the bust.
mango, alter and amend the same at pleas
re- and shall exercise all the powers Of thi,
operation or may delegate the same =, one p
:, . ,ba GihceI' at ITS pleasure; appoint and
,toyets' not herein mentioned, the same 70 -
Adngc or dismiss al pleasure fx the sale- .
lss Of the officers provided for herein; sell =,
o''ey' mortgage, pledge, lease and purchase / I
ghts privileges, franchises' n-one-,y rT1yg-
-, iH'n''dO!e and personal, borrow money. ~
NJ money; issue notes and bgnls make
2nt-act and sign or cause to be signed BY
.hcers or directors specially or generally su-
ionzed by the board of directors all nee
''aTy acts, deeds, etc, and adopt a corpo-. D.
e seal, the same TO change or alter or dis. {.
,nse with al pleasure; and 20 Do all things e.
hlch may be necessary TO be done in the y
-nasement OF said business and permitted :
the laws applicable to corporations. g
Article VII.-No stakeholder shall be al. -
wed to dispose, either directly or indirect.
=, IN whole or in part, OF the shares Of .
ock held or owned by him without frst Civ. -
& written notice to the secretary of This ~
rporation of the Intention of such stock.
iders to dispose o< his shares of stock in ia