The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-26

tied to one vote, to be east in person or by
written proxy, and a majority of votes cast
shall elect. Any vacancy occurring among
the directors by death, resignation other
wise, shall be filled by the election for the
remainder of the year by the remaining di.
rectors. Failure to elect directors on the
date above specified shall not dissolve OF
affect the corporation, but the directors then
in Office shall remain in office until their
successors are elected and qualified, and
shall cause another election to be held as
soon as possible thereafter. after due notice
thereof shall have been given for the time
and in the manner above provided.
Four directors shall constitute quorum
for the transaction of any business, and the
board of directors at their first meeting
following each annual election, shall elect
one OF their own number to be president
another 10 be vice president; shall also elect
a secretary and treasurer and may elect ar
assistant secretary and treasurer. The sec
rotary treasurer, assistant secretary and as
sistant treasurer need not be members of the
board The board shall have power, in Their
discretion, to unite the Office of secretary
and treasurer. The said board of directors
may appoint an executive committee of the
board 10 consist OF four directors, two OF
whom shall constitute a quorum with power
to act and the board of directors may dele
gate TO said executive committee from time
to time as they see ht, any and all of the
powers vested in them a board of dircc
tors, and may also appoint, from time to time
such officers, clerks, agents or other employee.
as thew may deem necessary, provided the
board shall not have power 10 elect any off.
Ger, clerk, agent or employee for a fixed
term. but all shall hold Office only at the
pleasure Of the board. And said board may
make and establish, as well as alter and
amend, any and all bylaws, rules and reg.
uiations necessary and proper for the amend
ment and control of the business and affairs
of this corporation.
Said board shall also have full power and
authority to borrow money, execute mort.
cages, issue notes or other obligations and
generally to do all things reasonably nee.
mess, as also to issue and deliver full paid
shares OF stock of the said corporation in
payment of money borrowed or property
actually received by said corporation.
Any director shall have authority 20 ap-
point in writing stakeholder not already
a member of the board to represent him as 4
director at board meetings; or he may ap-
point IN writing another director, and in such
event su-h absent director shall be counted
as II Personally present at the said meet
ing for purposes of a quorum, voting and
for any and all purposes
The FIRST board OF directors Of this cor.
poration shall consist Of Martin H. Manion
president; H. Jordan Mackenzie. vice.presi.
dent; Lewis NJ. Dalgarn, treasurer; Robert
l. McChesney' secretary. general manager
Directors, Frank Bethune, Chas. E. Moro
ney and Lionel T. Favrot.. Said director.
shall Temain, in Office until the election 70 b,
held December. 1917, or until their success
sors are elected and qualified, the aforesait
ofhcers, however, holding their Offices onl,
at the pleasure Of the board; and all sue
s stechbsIde boards shall be composed only @
have the right to endorse for any one. ant
IN case OF violation Of this provision, his of
hce as director may be declared vacant anc
a successor elected by the board
Article
be dissolved, either by elimination, or an,
other cause, its affairs shall be liouidateS
by three stockholders to be appointed at tn,
general meeting of stockholders which is CON
vened for the purpose of liquidation, or a
any general meeting of stockholders afte,
liquidation is decided upon. Said commits
sloners shall remain in office until the affair,
Of the corporation shall have been full,
OF one or more OF the commissioners the va
cancy shall be filled by selection by tn,
surviving commissioners, or by the survivin,
commissioner. Said commissioners are there
and give title TO all the property. real, per
sonal, or mixed of the corporation, and dis
tribute the proceeds thereof among the stock
holders.
Article VI.-This act of corpora,ion ma,
be modified, changed or altered, or this cor
porstion may be dissolved with the Assem-
OF two-thirds (2-0 of the capital stock rep
resented at any general meeting of the stock
io'ucis Soh'eHeQ LOT sucn purpose, AFTER writ
ten notice shall have been mailed BY reg
istered letter to each stakeholder, who ap
pears as such upon the books, to the pos
othce address designated by him, not les
than four weeks nor more than six week
Counting day Of making and day of meeting
preceding the general meeting called for IN,
purpose of liquidation
Article VII.-No stockholders shall ever b,
held liable or responsible for the contract
or faults OF said corporation for any furthe
sum than the unpaid balance due on tn,
shares Of stock held by them. nor shall an,
OF rendering this charter null, or exposing
ITS stockholders to any liability beyond tn,
amount which may remain due on his stool
If not full paid.
Thus done and passed in my Office in thu
city on the 18th day of September, 1916, il
the presence of John Wentworth and M. C
Stein, competent witnesses, who have here
unto signed these presents, together with sal,
sppearers and me, notary, after reading o
the whole.
Signed: Martin H. Manion. S shares, $500
R. L. McChesney, S shares, $500; Frank Be
thune, share. 500; L. NJ. Dalgarn, S shares
$500; Lionel F. Favrot, S shares $500; Chas
fE. Moroney, shares, 500; II. Jordan Mack
enzie, shares, $500. Witnesses: NJ. c. Stein
John Wentworth.
H. W. KAISER, Not. Pub.
/ hereby certify the above to be a tru,
and correct copy Of the original of record an,
II. w. KAISER, Not. Pub
l, the undersigned recorder of mortgages il
and for the parish of Orleans, State of Lou
isiana. do hereby certify that the above ant
foregoing act of Incorporation of the Pelican
Dri,Crete Co., Inc, was this day duly re
ssorded in my Office in book l20l, folio 3Oe
New Orleans, October ;, 1916
oct II l9 26 nov 9 l6