The herald., 1916-08-17

said capital stock may be increased to
the sum OF hve hundred thousand and O/lOO
(S5OCOOOOOl dollars in the manner provided
for by the laws OF this state. Whenever an
increase of said capital stock shall have
been authorized or unsold stock issued, hf-
teen Q5D days written or printed notice
shall be given 10 each stockholder, within
which time persons holding stock in this
fer said increased stock or additional issue
Of stock in proportion TO the number OF shares
Of stock then held by them, and which add.
tional shares shall be paid for as the board
tion of said time the board of directors may
d spose Of the shares not taken, for the
benefit OF the company IN such manner and
on such terms ani conditions as they may
think proper.
Dividends shall be declared on the amount
actually credited on the capital stock without
regard to the amount subscribed for.
At all elections by or meetings Of the
stockholders, each share of stock, whether
paid for in full or not. shall be entitled to
whose name the stock appears on the books
| of this corporation at the time of the voting
or by his agent or proxy, duly authorized in
! writing to that effect.
All transfers of stock shall be made IN
| the books OF the corporation and shall be
| signed by the stockholders or by his attor-
| ney.
| The company shall commence business when
! six hundred t6O0) shares of the capital stock
are subscribed for or disposed of.
Article VI-The business and affairs and
| corporate powers of this corporation snail De
transacted by a board OF hye 90 directors, 10
be composed of stockholders thereof, and
they and each Of them shall be elected by
a majority of all the votes cast az meeting
TO be held for that purpose
Dr.. William II. Weaver, us Pelican ave:
nue.. as president, DR.. Alfred c. King 50:
Valiette street, as president; Harold IL
Gibson, 256 Olivier street, as secretary'trea as
urer; Joseph !. Ogden, 500 Elenore street
! general manager. all Of New Orleans. La.
and George f. Anderson, of Beaumont, Texas
| shall constitute the first board OF directors
and they shall hold office until the secont
r Tuesday in February, 1918, or until their sue
cessors are elected and qualified; each subse
r quent board shall take their seats immedi
ately following their election or as 500
there after as practicable and shall hold tnei
offices until their successors shall have beef
r elected and qualified
/ A majority Of said board of directors shall
! constitute a quorum for the TRANSACTION an
, management OF all business OF SAID corpora
tiOn.
!, On the second Tuesday of February, 1915
= and annually thereafter an election Tor drec
= tors bv the stockholders shall be held at tn
7 Office OF the company, after fifteen days prin'
e ed or written notice shall have been maize
S 70 each stockholder subscriber 10 stock a
{ their respective addresses appearing on N
:, books Of the company. Every board OF d.
= rectors shall at its first meeting after I
7 election or as soon thereafter as practicable
J. elcc: president, a vice president and a sec
!. retary-treasurcr and a general manager iroi
d their own number.
e A failure to elect directors on the dat
- | above specified shall not dissolve the corp
ration, but the then existing board OF dire
d tors shall continue to hold their Offices, an
> | another election shall be held as soon Their
p after as practicable at time to be hKed .
d the board OF directors then IN othce, where
I y.~HHr
,e in the manner above provided, which sal
-e notices shall be full and complete notice
d all stockholders Of such meetings.
to In the event no election takes place at =
of hold over until the next annual nesting
I; until their SUCCESSORS are duly elected ar
5, qualified.
ID Any vacancy occurring in said board
i directors from any cause, shall be hl!ed
~ the remaining directors.
NJ The board Of directors may make such b
be laws, rules and regulations as they ma
pc think proper for the transaction OF the Das
s ness and affairs OF sun corporation al
rs change, alter and amend the same at plea
re ure, and shall exercise all the powers OF n
e. | corporation or may delegate the same 10 OF
r. or more officers at its pleasure; appoint AZ
y. hx the salaries Of all officers clerks ana q
:, piOyees, not herein mentioned, the same
change or dismiss at pleasure; TX TIE Sa'
| Ties Of The officers provided TOR hereln; 8
~ convey, mortgage, pledge, lease and purcha
nnee rights, privileges, franchises, property NOV
W bic, immOvable and personal, borrow none
es lend money, issue notes and bonds; ma
rs contract and sign or cause 70 be sig4esd
officers or directors specially or generally
lie thorized by the board Of directors all ne
IL essary acts, deeds, etc, and adopt cor.,.
ne ate seal, the same 70 change or alter or q
ar pense with at pleasure; and to do all thin
which may be necessary. % be done ". |
-; | management OF said business and permit
~ by the laws applicable 20 corporations.
D. Article Vino stockholder shall be
ed lowed 70 dispose, either directly or indire'
rs ly, in whole or in part, Of the shares
IN. stock held or owned by him without hrSt q
&C. ing written notice to the secretary 0i =
-er coTporation of the intention Of such stoo
holders 70 dispose Of his shares OF stock