The herald., 1916-05-04

..u ..,p.-....r-. '.ey n.v. ..y..lu.ci
and agreed. an j. 'v these present, cove
nn~t, a-rge t-t constitute themselves "a
Hel. as -El persons as ray hereafter be-
come a--r..,-et with chem .u.o a corporation
i- the o0Jcs,, aud purposes and under the
agreement AMI -.rI.l.'nN following, t,-vlt:
shall Dee the de Lucas Marble X Granite
Company and under such name = shall have
and enjoy corporate existence and Sucrrs-
sion Tor a period II twenty-five years from
ne da'e OF ms act WITH tut power and Tor
Tie purposes Of tLls business as hereinafter
dcnucd - contract. sue and - be sued, 70
acquire, lease. Use, hold. ALLEVIATE, mortgage,
pledge or otherwise cucumber any property.
moVaDles or immpvab.es, III or ont Of the
state OF Louisiana, TO issIe its stock or
other evidence Of Indebtedness, and 20 secure
same by pledge, mortgage, Or otherwise. and
20 purchase Or otherwise acquire the stocks
and bond, Of other corporations; - appoint
~ elect such directors, officers, managers,
agents OF other employees as the interest OF
cprveuiencc ~ It's business may require; %
make. amend or repeal. at pleasure. such
bylaws, rules and regulations, touching the
infringement oi the affairs or business or
the exercise u the powers Of this corporation
as may be necessary or convenient T. in
crease or diminish the capital stock; % adopt
alter n will, aud generally for the purposes
and objects OF its business 70 exercise all
rights and powers permitted by law 10 cor
poratIons.
AlAlAaC ll--llt h1Il4A4lt OF lIl~ CORPORA
ton shall be in the city of New CLEANS, in
this state, and all citation or other legal
process shall he served upon the president.
and in his absence the secretary-treasurer OF
said corporation.
Article HI.-The objects and purposes Tor
which this corporation is established and
the nature OF the business 70 be carried on
by II are hereby declared to be: The opera
ton and conducting Of general Marble and
Granite, Stone Manufacturing business, the
buying and selling Of all kinds OF marble,
granite. stone and other building material,
the construction OF buildings; exterior and
interior, and cemetery memorials OF every de-
,crlptl)u and other works in whole or IN
part IN LOU ,Iaua, and other states, the
storage Of all kinds of material. and generally
the doing and performing Of all acts Incl
dental or necessary to any and all OF the
objects herein expressed.
Article IV-The capital stock Of this cor
p1rltIDu Is hereby tNed at the sum OF ten
thousand dollars. 10 be represented by one
hundred shares Of the par value Of one hun
bred dollars each, which capital stock may
ne increased by q vote OF the majority 81 the
stockholders at any meeting called tor that
purpose, payments for said stock shall be
made in cash or equivalent as may be pre-
SCribed by the board Of directors who may
have power T. issue full paid stock IN pay
mc1t for property. real or personal, trans
icrTed 20 said corporation or for labor or
service rendered.
No StDckhOlder may sell, assign or transfer
his stock in this corporation unless thirty
days previous notice, IN writing, Of such in
]tcntIOuS % sell, assign or transfer any stock
to be given to the company to such sale
assignment or transfer, and upon such no
tiCe the board Of directors shall have the
night to purchase The stock at its value by
reference 10 the balance sheet Of he last
fiscal year. Upon failure OF the board to
pass a resolution before the expiration Of
thirty days. to purchase the stock at is book
value. said stock may be sold in open mar
ket.
No stock of the company can be bought in
by any pledge, excep; upon the above condi-
tons. and provided the board Of directors
do not resolve to purchase the same at ITS
book value within the period named. No
stock can be transferred under any coudi-
tionS unless the transfer be made upon the
books Of the company at its office, IN the
city Of New Orleans, louisiana.
This corporation shall be authorized to com.
menCe business as soon as eight thousand
dollars SS.OpnOO OF the capital stock shall
have been subscribed for.
Article N.-The corporate power OF this
corporation shall be vested in and exercised
by a board Of directors, OF three or more
directors composed OF stockholders, a ma
Jority OF whom shall constitute a quorum IN
the transaction of business, which SAID dl-
! reCtorS shall be elected at a general meeting
be held on the third Saturday Of January IN
each year, beginning with the year lyII, ana
notice OF said election shall be given by
mailing 10 the stockholders, Al their last
known place OF business, a call for said meet
ing 1--WE 81 days previous thereto. ,
Said board, at its first meeting after each
election. shall elect from its own members
a president and secrctlry-tTeasurer. Failing
from any cause to elect directors on the day
submitted shall not dissolve the corporation
but the officers and directors then IN office
shall hold over until their successors shall
have been duly elected aud qualified.
At all elections any meetings OF stock
holders, each stakeholder shall be entitled
to one vote for each share Of stock s;lnding
in his name, and may vote IN person or by
proxy.
director his place shall be flied as soon a