The herald., 1916-03-16

Of and '.. otherwise. 'H" -l-i common stock
/ sha'l. .~ tie event ut ANY E4g. il-,a0 or
d's-.. "'. 'H '' "'...as ur. nar,-e- voluntary
lied - the ..2h'- accorded It 10y Section /
. hereof.
All voting rights NJ the corporation shall
,y ,.r-.rl equally 'n ,ar .'"E;'" stock and
/ 'a the preferred stock az all elections OF
] directors nr otherwise, cash holder OF stock
. being s.t.''ri % one Vote 10y each share ot
/ stock standing in his ra"c on the books Of
/ 'lc company. NJ transfer OF stock shall be
made within period Of I'VE days next pre-
1 yIauS 10 ;Ic date ot the election.
/ Separate stock books and stock registers
! shall be kept for each Of said classes Of stock
! The whole OF both classes OF stock. or any
/ palt thereof, may be issued and delivered
10 any person. nrm or corporation fJr the
/ requirement Of the rights, privilege. fran.
/ chI>c>. property. ServltudeS or any part
/ thereof owned and controlled by such person
or corporation, also IN payment. settlement
and adjustment Of the costs. iees. charges,
expenses and commissions incurred for ser
wees rendered IN the formation and organ
IZatiou OF this corporation and in acquiring
and bringing about the purchase OF the
property, rights and franchises aforesaid. also
the board Of directors may determine, also
Tor merchandise received or for services
actually rendered to this company. The
board OF dircCtots hereinafter created Is
specially authorized % dispose Of the stock
or any part thereof for any and all OF the
purposes above stated. as III ITS judgment
may seem lar and proper.
Article N.-All the powers OF this corpora
ton shall be vested in and exercised bv
board OF not more than hve 81 and not less
than three go directors. each OF whom shall
hold m his own name on the books OF the
company AT least one O. unpledged share OF
stock. Members of said board of directors
shall be elected for terms Of three years at
the annual meeting OF the company, which
shall be held on the first legal day Of Feb
ruary OF each year. provided that the direc
tors hereinafter named shall hold office for
terms as follows:
J. 4. S,rombcrg. Esq. shall hold office
until the annual meeting 10 be held in 1917
"T until his successor Is elected and quail
ned
f. II. Keep, Esq, shall hold Office until
the annual meeting to be held IN 1918 or
anil his successor i elected and qualified;
Eugene T. Barry. Esq. shall hold OtnCe
until the annual meeting to be held in 1919,
or until his successor ! elected and quail
fed; and provided. further, that any duly
elected and qualified board OF directors COM
posed OF not less than three directors may by
unanimous vote increase IL own member
ship mp To- five members and name the new
members who shall serve until the next an
uual meeting of the stockholders. the intent
being that a portion only OF the board Of
directors shall be elected each annual
meeting All such elections shall be by !
ballot at the Office Of the corporation. under
the supervision Of three commissioners u be !
appointed 10y the board OF directors, and in |
the absence OF any commissioner the prcsi. !
appointment and Of all such elections, aS /
we'll Of all meetings Of stockholders. ex- |
ccpt for The purposes Of liquidation or disco |
luton. or As otherwise required by law. nt |
teen US1 days notice shall be given by !
mailing To each stakeholder who appears as +,
such ON the books Of the company, at his /
last designated address, or n the General /
Delivery at New Orleans, II he has not |
designated an address, or by delivery 70
him In person. an announcement stating the
time and place OF the meeting. Each share
4 F.H s-.n 3,
share of stock, whether common pre-
terred, standing IN his name on the books
IF the company, the said vote 10 be cast in
person or by proxy. and a majority of the
tors shall have the power 10 fill all vacancies
that may occur on the board. Failure to elect
directors on the day above specified shall
not dissolve the corporation. but the direc-
tors then in office shall remain in office until
their successors are elected and have quail
fed The board OF directors al their first
meeting following each annual election shall
elect from their number a president and
vice president, and they shall likewise elect.
but not necessarily from among their num-
Der. a secretary, treasurer, and such other
officers as the board Of directors shall deem
necessary. The board shall have the power,
IN ITS discretion, to unite two more Of
hCes and the same 10 confer upon one per
son. 1t shall have the power to fix the sal
aries Of all officers and of such further Off
GERS and agents they deem necessary. The
board of directors shall have the power to I
make and establish, well alter and |
amend. all bylaws, rules and regulations
necessary and proper for the support and
o. the business and affairs Of
said corporation not inconsistent with its
charter Said board shall also have the |
power and authority to borrow money and |
through the president or some other fully an.
thorized agent or agents to execute mortgages,
issue notes, pledges, bonds, or other oblIga- |
tons in such amounts and on such terms as
in their judgment may be advantageous and !
generally to do all things reasonably neces- |
sary for the proper carrying on OF the bust |
ness Of said corporation, as also to issue and |