The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-16

board, 10 consist of four directors, two of
whom shall constitute 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 direc-
tors. and may also appoint, from time to time,
such officers, clerks, agents or other employees
they may deem necessary, provided the
board shall not have power 10 elect any Off
Ger, clerk. agent employee for a fixed
term, but all shall hold office only at the
pleasure Of the hoard. And said board NAV
make and establish, as well as alter and
amend. any ard all bylaws. rules and reg
ulations necessary and proper for the amend
mcnt 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 Thugs reasonably nee
mess, as also 10 issue and deliver full paid
shares of stock of the said corporation in
payment OF ur,ney borrowed or property
actually received by said corporation
Any director shall have authority 20 ap-
point in writing stockholder not already
a member OF the board to represent him as a
director at board meetings; or he may ap-
point IN writing another director. and in such
as # personally present n the said meet
ing for purposes of quorum, voting and
for any and all purposes
The FIRST board Of directors Of this cor.
IL N.
president; II. Jordan Mackenzie vice-presi.
dent; Lewis NJ DalRarn, treasurer; Robert
l.. McIhesney, secretary, general manager;
Directors, Frank Bethu1e, Chas f. Moro
ney and Lionel +. FavrOt. Said directors
shall remain in Office until the election 20 be
held December. 1917. or until their success.
Sors are elected and qualified. the aforesaid
othcers, however, holding their Offices only
ceeting. boards shall be composed only of
stockholders OF record. No director shall
have the night TO endorse for any one, and
IN case OF violation OF this provision, his of.
nee as director may be declared vacant and
a successor elected by the board
Article N.-Whenever this corporation NAV
be dissolved, either by elimination, or any
other cause, its affairs shall be liquidated
by three stockholders TO be appointed at the
general meeting of stockholders which is con.
vened tor the purpose OF liquidation, or at
any general meeting of stockholders after
liquidation is decided upon Said commits
siOnerS shall remain in office until the affairs
Of the corporation shall have been fully
settled and liqudated, and in case Of death
OF one or more OF the commi SsiOners the va
caucy shall be filed by selection by the
surviving commissioners, or by the surviving
commissioner. Said commissioners are there
Oy vested with full power 10 sell, transfer
and give title 10 all the property. real, per-
Sonal, or mixed OF the corporation and dis.
holders
Article EL-This act Of corporation may
be modified, changed altered, or this cor
poration may he dissolved with the assent
OF two-thirds (2-0 of the capital stock rep.
resented at any general meeting of the stock.
holders convened for such purpose, after writ
ten notice shall have been mailed by reg
istered letter 10 each stakeholder who an.
pears as such upon the books. to the post
office address designated by him, not less
than tour weeks more than six weeks
Counting day OF making and day of meeting)
preceding the general meeting called for, the
purpose of liquidation
Article VII-No stockholders shall ever be
held liable or responsible for the contracts
sum than the unpaid balance due on the
shares OF stock held by them. shall any
informllity in organization have the effect
OF rendering this charter null, or exposing
amount which may remain due on his stock
If not full paid
Thus done and passed in my Office in this
city on the 18th day OF September, 1916 in
the presence of John Wentworth and NJ. G.
Stein, competent witnesses, who have here
unto signed these presents, together with said
appearers and me. notary, after a reading of
the whole.
Signed: Martin II. Manion. s shares. 500:
K L. McChesney, shares. $500: Frank Be.
thune, share. 500: L. NJ Dalgarn shares,
$500; Lionel F. Fsvrot, S shares, $500; Chas
Z. Moroneey, shares, $500; II. Jordan Mack.
John Wentworth.
H.. w. KAISER. Not. Pub.
l hereby certify the above 10 be a true
and correct copy OF the original Of record and
on hle in my notarial office.
II. w. KAISER. Not. Pub
/, the undersigned recorder of mortgages in
and for the parish of Orleans, State of LOU
isiana, do hereby certify that the above and
foregoing act of Incorporation of the Pelican
Dri,Crete Co, Inc, was this day duly re-
corded in my office in book 1901, folio 3Os,
New Orleans, October ), 1916.
EMILE J. LEONARD, by. R.
oct u 10 Is nov 9 10