The herald., 1917-04-26

Article N.-Thc business and affairs OF
,E.s corporation shall be carried on and con:
ta.'ct by a board Of directors composed OF
-r-e" stockholders thereof. A majority OF the
HH.rt saa. constitute a quorum toT the tran
sac..Jn Of business.
Ii any director shall cease 70 be stock
holder during the term OF ONCE, or IN thc
even, Il the death or resignation Of any di-
1-n-e vacant, and fl! said vacancy by Sc
Letting his successor. who shall hold othSe
u-tI the next annual meeting u the stock.
holders ard until has successor IS elected
and qualified.
n. following named persons are hereby
declared to constitute the nrSt board OF d..
rer,"-s and officers, ana they SNAIL mona
rfre until the second Wednesday OF May,
1918 or until their successors are duly clcC.-
led and qualified, and their names and post
y'tlce addresses are As follows, to-w!t:
Irving II. Morse. 2&5 y. Pe.erS Street. New
Orleans. La; William b. Bloomfield, .-01 y.
Pee, Street New Orleans. La: Walter y.
sullivan, ~ y. Peters Street, New Orleans;
la. with Irving II. Morse as president ana
William Il. bloomfield as secretary -;rca sITcr.
All meetings ot The stockholders and t.-
rect5-s must ne held a. the domlcile Of the
corporation, Al sucl place As the boAEI u
directors shall. provide. bu; with the written
consent Of all the directors Wand meetings 81
the directors may be held OUTSIDE the state
or w.h.n the state elsewhere than a. the
lom.cllc Of the corporation.
N...-a .l7u ne given ~ all Stockholders
.cs,;rSs ~ a-oyidsd in his charter. except
- 1.br-yy,.r required bv law, but said
",.;rrs nav he waived by unanimous Consen,
= Iii ~ s.orkhoIde-s
On .lr second Wednesday Of May OF each
yea, "a Icg;11irg in IgIs, and on the second
eu,F,oaE - the hours Of ten a. m.
/ and six p. m, al an hour or between such
| 5In-s a. Shall be fixed by the president. a
| y.,-LI ID meeting flr the election Of di-
! -ret"rs Shall he held. and the directors 50
| afar.ed shall enter upon the discharge OF
| 80, I,tIes immediately after their cleo
! ION and thew shall all continue in office for
| ore vea- or until their successors are elected
| "a 'C,,si;Ea1 SD election shall be BY
ballot, and Il shall be conducted az the
| - NJ the Generation. under the supervi-
/ 80 NJ three a. commissioners OF election
! ohio need no, be stockhllders), 70 be aP.
| oointed nv The board OF directors. Notice o;
| such election shall be given 10 each stock,
| 49, 6y le..e- addressed to him and
| m.;ieI - he las, known post office address
by -be ser-eta-v.treas urer tor by the sec-e.
tary, If the ottice be divided fifteen days be-
,o.T,5aIp wLiEI notice nav be waived BY
| ,-,s-,:,T,1-,s consent If all the stockholders.
| Each share Of stock shall ertltle It's holde:
| 70 one vote at each election, either in per.
| 80, nv bv o-0xy: but no stakeholder shall be
| .rtitled 10 vote upon any shares that have
kce- transferred To- him within two days pre-.
| reding the election A majority OF the votes
present or represented at any election shall
| Failure 10 hold an annual meeting or tc
! IT,, JS-.c,,-s ., the d9v specified shall
no. dissolve or in any way affect the cor
P g5, rera in in Office until an election shall
5n beid a. arv time fixed bv the board Of
| Iirerto-s
| Each board Of directors shall at its frs
-,aa,lng elect from its number a president
md secretary.treasurer, and may elect +;
| v;cr.oresidcnt. Of the corporation. who shall
|bnI1 offce until the succeeding annual elec
ton when their successors are elected anC
80 r,rct and appo!rt such other officers
asen'5S' a,u CO. d7sct5Is as the board ma,
1 dee-n n-oner for A term not 10 exceed th
80, annual election The board 0
Ij-.rtors NAV fix and determine the power
| IL J,,,:es ~ rve-y officer agent and EN-
p'oyee. and adopt, amend and repeal such by
ID. v,itb o- inconsistent with the Law
| ~ his charter or such bylaws, rules an
o. ti.'s ~ NAV be adopted by the stock
holders
| sac-e+a-v.treasurer. and elect one O
I,ba;- number treasurer, and a secretary, VIII
: ned not he A stockholder or director.
~ ~ his coTnoration shall have the powe
~ ,,,,Ln-itv - issue any bonds of this COZ
. ioo-',;n, no. N sell. mortgage or dispose G
: bany Of the real property OF the corporation
IS,cant mo, the previous authorization an
, | .Hn-oy.I ri majority OF the capital stock
, ~ sh.Il any note contract, or any othe
- ,ot;n, of the corporatiOn be execute
& ITnieSs signed both by the president and III
4 les-~c,,-vttressurer,
AT,irie Wins act Of Incorporation ma
lbe amended, modified or altered, or SAL
. co-noration NAV be dissolved. with the col
o,; - \ maturity of the whole capital stool
i A. general meeting Of the stockholders
= IL ronvened for such purpose after thirt
: H.. ISunday. and legal holidays included
; o-sy,,;o,,s notice Of such meeting shall hay
!. peen mailed TO each stakeholder at his la
Iturvn post office address, which notice ma
H. lived by unanimou. consent Of all Il
II stocEIoISprs
!. Article VII-No stakeholder shall ever [
Il IbeId liable or responsible for the contract
| .rT,s ~ debts Of the corporation, nor sha
l. anv mere informality in the mode OF orga,
d c fsro null, or of exposing any stockhold
80 I.h;l;tv heyond the unpaid baldn
5, Ave on the shares of stock owned SUI
J. scr;bed nv him.
: Article VITI.-When this corporation is di
> solved by limitation or otherwise, IT'S anai
/ Shall be Inundated by three 0) liquidator
wbo shall he elected from among the stoc
IS LoiJaTs a, a general meeting Of the stoc
y Iboiders authorizing such dissolution. or
I meeting held for the purposes OF cleo
. inc such liuuidators. The said hquidato
g hall remain in Office until the affairs
II 5 n and shall receive such compensate,
D and have such powers and duties and
subject 70 such limitations as the -o siGIkho
g @ nF tha Jeath or resignation or inabil
d SO sct Of one or more Of the liquidators, 4
Or csncies from among the stockholders of 4
S, catnn-s,ion The Iiouidators shall have 4
le ooner m dispose Of all the property al