The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-21

shall have the right to elect as directors
SufhCicnt number Of stockholders havlnl
the qualifications for directors TO complete
the board whenever same shall have beer
. increased as herein authorized, said drec.
tors 10 serve until the annual meeting next
thereafter to he held or until their success.
s9rS are elected All vacaICies in the board
81 directors from any cause shall be filled by
me remaining directors at any regular meet.
ing, or At a special meeting Of the directors
held tor that purpose. Four members of the
board shall conStltte quorum for the trans.
action OF all business. Each director AZ the
time Of his election shall own a. least one
tul! paid unpledged share OF stock.
The directors shall be elected annually
on the third Tuesday of August OF each wear
at a meeting OF stockholders called for tina,
purpose after notice given a, required bv
law Al the hrSt meeting Of the board OF
directors after the annual election they shall
elect from their number a president, a vice
president, a secretary and a treasurer and
the board shall have the power. in their dis
erection 10 unite two or more offices, and the
same to confer on one person.
All elections shall be held by ballot.
and a majority OF the votes cast shall elect.
Each share Of stock shall be entitled to one
vote to be cast by the holder thereof in
person or by proxy or by letter the sigma
ture 10 which is duly acknowledged as re-
CURED by law, and said stock may be voted
cumulatively.
"A failure to elect directors on the date
Specihed for the annual meeting shall not
then IN office shall remain in office until their
successors are elected.
The board Of directors shall have the
right from time to time to appoint such otfi.
GERS, clerks, agents other EMPLOYEES or
committees may be necessary for the
proper conduct of the business and purposes
OF the corporation, and shall have the right
10 appoint an executive committee composed
OF three members and to delegate to said
committee all the powers and authority DOS
seSNed by the board, under such rules and
regulations as the board may fix All such
Apprentices shall hold during the pleasure
Of the board.
The board OF directors NAV make and
establish, as well as alter and amend all
bylaws. rules and regulations necessary and
proper for the support, management and con-
duct OF the business and affairs of the cor
poratIon. Said board shall also have the
power to borrow money, execute mortgages
authorized by the stockholders, issue notes.
bonds or other obligations, PAYABLE principal
and interest in lawful money of the United
States or in United States gold coin and
generally to do all things reasonably neces.
sary for the proper conduct and management
u the business of the corporations; and also
to issue full paid shares of stock bonds or
Obligations of said corporation in payment
for labor done, services rendered, money Dor
To"ed or property OF. rights actually received
APpearers further declare that they do
hereby authorize and require the said
changes and amendments to be duly incor-
PoIdItu INTO nOtarlal shape and to be
corded and published according to law, to
the end that the same may be operative and
binding on all persons whomsoever.
Thus done and passed at my office at New
Orleans, on the day, month and year herein
hrst written, in the presence of Edward Mac
quillan and Leo l.. Dubourg. competent wit
nesses, who have hereunto signed their
names, together with the said appearers and
me, notary.
Original signed: p. Seton Schneidau, w
/. Lawrence. Sec.-Treas Edward Macquillan,
Leo l.. DubOurg.
HENRY ?. DART, JR., Notary Public
|, the undersigned recorder of mortgages
for the parish Of Orleans, do hereby certify
that the above and foregoing act of amend
ment of the Incorporation of the Moore Ro.
tary Stump Cutter Company, Inc, was this
day duly recorded in my office, in book 1901,
folio -.
New Orleans, La, Dec T. 1916.
A true copy.
(Signedl Henry p. Dart, Jr., Notary Public
dec IA Fl % jan II is