The herald. [volume] (New Orleans, La.) 1905-1953, 1916-08-03

! sad capital stock may be increased =.
the sun d i've hundred thousand and % no.
Tor 10y the laws OF this state. Whenever an
increase OF said capital stock shall have
! been authorized or uusold stock issued IF
teta tI' days written or printed notice
sla't be- given 10 each stockholder, within
"H',1 time persons holding stock in this
corporation shall have the right 20 subsr-ih,
Tor SAID increased stock or additional issue
~ STOCK ~ proportion 10 the number OF shares
~ s,3,N thtn neld by them. and which add
u"ht! shares shall be paid for As the hoard
81 director. may direct. After the expira.
ton Of SAID time the board of directors NAV
dispose ot the shares not taken, for the
'e"e"' d the company IN such manner and
on Such terms and conditions as they may
think proper
Dividends shall be declared on the amount
actually credited on the capital stock yjthoI,
regard to the amount subscribed for.
A. all elections by or meetings of the
',ockholde~S, each share of stock, whether
paid for IN full or not shall he entitled -
one vote. 10 be cast either bv the ncrs9- in
whose name the stock appears on the books
OF THIS corporation at the time of the voting,
o' ny ms agent o- proxy, duly authorized in
writing TO that effect.
=, All transfers Of stock shall be made on
the books OF the corporation and shall be
signed 10y the stockholders or by his attor-
ncy.
The company shall commence business when
SIX hundred tInl shares Of the capital stock
are subscribed Tor or disposed Of
Article NI-The business and Affairs and
corporate powers OF this corporation shall be
Transacted by board Of 1--WE 81 directors, to
be composed OF stockholders thereof. and
they and each Of them shall be elected by
a majority Of all the votes cast al a meeting
70 be held for that purpose.
Dr.. William II. Weaver. us Pelican ave
nue., as president, Dr. Alfred C. King, SOS
vi -uvec d. NJ. III
GlbS0n, 20 Olivier street, as secrctary-treaS-
urer; Joseph J. Ogden, 500 Elenore street,
general manager, all OF New Orleans, La,
and George +. Anderson, Of Beaumont. Texas
shall constitute the FIRST board OF directors
AND they shall hold office until the second
Tuesday IN February, 1918. or until their sue
ceSsors are elected and qualified; each subse-
Qucnt board shall take their seats iinnedi-
at-ly following their election or as soon
thereafter as practicable, and shall hold their
Offices until their successors shall have been
elected and qualified.
4 majority Of said board Of directors shall
constitute quorum for the transaction and
management Of all business Of said corpora
ton.
On the second Tuesday Of February 1918.
and annually thereafter an election Tor dircc-
tors by the stockholders shall be held at the
oihce OF the company, after fifteen days print.
ed or written notice shall have been mailed
to each StoCkholGcr or subscriber 10 stock al
their respective addresses appearing on the
books Of the company. Every board OF d.
gectorS shall AZ its FIRST meeting after its
election, or aS soon thereafter as practicable.
elect president, a vicc-pTesjdent and sec
retary-treaSurer and a general manager from
their own number
a failure 10 eject directors on the date
above specified shall not dissolve the corr1-
ration, but the then existing board OF dfreC-
tors shall continue 20 hoid their Offices, ard
another election shall be held as soon there
alter as practicable az time t. be hxed by
he board Of directors then IN Office. whereof
hiteen Q5) days prior notice shall be gwen
IN the manner above provided, which said
notices shall be full and complete notice to
all stockholders Of such meetings
In the event no election takes place at :he
second meeting. the board then in Office saall
until their successors are duly elected and
qualified.
Any vacancy occurring in said board Of
directors from any cause, shall be filled BY
the remaining directors.
The board Of directors may make such by.
laws, rules and regulations as they may
think proper Tor the transaction Of the hgE..
ness and affairs Of Suu corporation, and
change, alter and amend the same at pleas
ure, and shall exercise all tic powers OF this !
corporation or may delegate the same 70 one
or more officers at It's pleasure; appoint and
TX the salaries Of all officers, clerks and en- /
plOyees, not herein mentioned, the same q /
change OF dismiss At pleasure; TX the sal1- /
* OF inc olNCess PROVIDED 10y NtIEt4s S.-t- &
convey, mortgage. pledge lease and purchase I
n ghts, privileges, franchises, property, nova .
bic, immovabe and personal borrow money /
lend money, issue notes and bonds; make /
contract and sign or cause 10 he signed ~ 4
1fiicers or directors specially or generally au-
.horized by the board Of directors all nee /
essary acts, deeds, etc. and adop; a oorro-.
ate seal, the same to change or alter or DIS
1ense with al pleasure; and 70 Do all things F.,
which may be necessary 10 be done IN the !
management Of said business and permitted |
BY the laws applicable TO corporations.
Article VII.-No s,ockhoder shall be al
lowed to dispose, either directly or indirect
~, in whole or in part, Of the shares OF
stock held or owned by him without FIRST Civ
ng written notice 10 the secretary of this
:orpsration Of the Intention Of such stock-