The herald., 1917-05-24

me proposed lowest price Of SAID stock not
70 exceed the actual value thereof at the
.t..S o' sa,A Offer. After thirty days from
IFS receipt % such written offer and on
lt!.H;c u the other stockholders or any Of
q .-"". Z, purchase SAID stock, the owner tbere-
oi snail be al liberty 90 sell such stock for
al - man me ITIcc 50 named by him in
/ - 2Ee'' 20 ninet person or persons
Article N.-Thc corporate powers az this
corporation shall be vested in a board ~
directors consisting of three sforkboIJo-e
/ The h-st board If director, sb7U c0ns;s. s. .
/ !, Bus Henry Burns, Who shall be presideDt.
49, +. huFnS: who shall be vice-pre,,.
.,..' h".rl ) Burns, who Shall be seq.
larry all 81 whom are residents Of Ncv a.
leans ~ the sand parish and state. and no,
- >g'Ee as such for one year from this
a.'g, ~ u"ti. their successors shall be d,I.v
~, oy me si@ckholders, and qualified;
su,! election, sha.! be held at an ANIMAL
| meeting on The second Monday of Or,ohc-
| m and u each year thereafter oroyiJcJ'
.Hal should no such election be held thro,Igb
!htiFeria"ce, neglect or other cause the sa4J
'ihcerS and directors 20 continue in 60
unhl such time as their successors NAV h.
g.t,'eI ;atnd qu4Incd provided that no elec,
non shall be effective unless more IN 60,
one 05D PEI cen, Of the capital ,,,cE iSs,'Syd
voted '' ''Cn election and
Al ,I.- SIGH elections shall be by ballot and
conducted under the supervision Of two go
I'l'slo"eFS to be appointed by the board Of
aIiae.,'ra i'r that purpose. Notice Of such
1890. 70 De- gwen each stakeholder in
I'd -
/. ne, last known address fifteen G5 DAYS
I.i'L '1ereio, and each such s,ockholder sb5II
d, NntA election, or at any stockboIde-s'
,C.."s ne emitted 70 one vote for each
.L.i'e o. stock owned by him as shown by
ne bgoSs OF the corporation All nroxiss
III LI%l. 1e IN writing signed by the stock.
Vacancies occurring in said board fo- ,b,.
ever cause shall be filled by the rer,,T-;i,,,
directors for the unexpircd term. and az
49, .ll.'' may appoint by writing ano;ner
~ friendly to the corporation 70 act an
ms proxy on said board TO act for him and
exercise for the time being all the power ~
such director. P'"e' u
Three directors shall constitute , o,,o-.,u
i'T ne transaction Of all business. The 81
board as aforesaid being vested ,,;,bnS, S@,u
NHlcton whatever with all the co-no-.,o
powers % this corporation. parficular "a
~ 'e.a' 70 do and perform all acts and
'haIrS and business and the accomplish,
Heii 81 iis objects and purposes as SET forfb
j" ut'3t ~, IN the foregoing articles.
III AirI''G.e NI-Ihe officers of this corporation
>HdI ne president, a vlce-presidcnt and A
secretary, who shall be designated as s,cb
IN the order named by the board Of dire.
.7'' according % the number OF votes cas-,
10Y each IN the annual election az which
SAID board was chosen
Article EII-Ihis act Of incorl-. alton NAV
De altered and amended by a vote OF more
. nan hiiy,,one % per cent in amount Of
me capital stock, or said corporation NAV
be dissolved by a vote IN amount Of two.
thirds Of SAID stock a. general meeting Of
stockholders convened for tAst n,,-r-s. a.. ~.
fifteen days previous notice By regis; rlSe
address and after ,hree prev.ons n,1Lir,,;o-s
Of such notice in a daily ne~,psfer Of The
city o. New Orleans during ni,cen davs.
Article NIII-Wlracycr MS co-poyation
may be dissolved by expiration Of us char
Ter or sooner by vote Of the shareholders
:wo hquiiat,-s Shall be elected AZ zen.
ga. meeting. ac'd as above provided These
lqudatars shall continue IN office urtiI ~,
full liquidation o: the r9-po-a'ior. and in