The herald., 1917-04-19

Each stakeholder shall be entitled IN person
or BY proxy to vote for every share e owned i
under such rules and regulations as may be
determined by the board of directors, after
ten days notice by mail OF such election
shall have been sent 10 each stakeholder at
his last known address. The directors thus
elected shall continue in office for one year,
or until their successors shall have been
duly elected and qualified No failure TO
elect shall be regarded a forfeiture OF
this charter. ANY vacancy occurring on said
board shall be filled by the remaining dl-
rectors for the unexpired term. Until the
election for directors to be held as aforesaid,
the following shall constitute the hrSt board
Of directors, viz: William J. Tierney, Mrs.
William J. Tierney and Albert P. formations,
with William J. Tierney as president, Albert
?. formations as vIce-presldent, and Mrs.
William J. Tierney, as secretary treasurer.
Any of the directors or officers shall have
the right to appoint by written instrument
another director or stakeholder TO act as his
proxy and in his stead at any and all
meetings of the board of directors.
Article VI.-The sum of twenty-five hun
bred dollars has been subscribed TO the cap
ital stock of this corporation, as follows:
Albert 2. DONATIONS, "a shares (residing at
No. 1920 Ursulines Avenue), William J. Tier
ney one share (residing at No. $3.50 Cleve-
land Avenue), and Mrs. William J. Tierney,
IS shares (residing at no. ESQ Cleveland
AvenueD, all in the city OF New Orleans. OF
the above amount, the sum of twelve hun
bred and fifty dollars, has been paid an
cash by Mrs. VIM. j. Tierney, fifty dollars
by VIM J. Tierney, and machinery to the
value of six hundred dollars in Carlisle,
Plaquemine Parish, transferred by A. P.
Article VII-No stakeholder shall ever be
held liable or responsible for the contracts,
faults or debts OF said corporation, nor
shall any nfornalty in its organization have
the effect OF rendering this charter null, or
of exposing a stakeholder to any liability
beyond the unpaid balance due on the shares
owned b. him
Article VIIl-Ths act Of Incorporation may
be changed, modified or altered. the cor
poration may be dissolved with the assent
of the stockholders owning two-thirds OF
all the stock Of the corporation, at general
meeting convened for that purpose, and after
at least ten days written notice OF this
meeting has been given through mail, ad'
dressed to each stakeholder at his last known
residence. In of dissolution OF the cor
poration by expiration or Otherwise, the
stockholders shall elect three liquidators
from among their number, TO liquidate and
settle the business and affairs Of the COM
pany. In case of death or disability of any
one Of said commissioners or liquidators, the
surviving or remaining lIquldators shall APP
point successor TO him. The said liqulda.
tors shall have full power to settle said
company's debts, dispose of its property or
assets and divide the remaining balance, II
any, among the stockholders proportioned 10
their number Of shares, having the same
power to sue and be sued as the board OF
directors possessed.
Thus done and passed in my office on the
day, month and year first above written, in
the presence of BENZ. T. Waldo and Sumter
d. Marks, Jr., competent witnesses who
have signed with the appearers and me,
notary, after reading of the whole.
Original Signed: Mrs. w. J. Tierney,
t~enty-tiv shares; TO authorize my wife,
William J. Tierney; William J. Tierney, one
share; a. p DONATIONS, twenty-fOur shares.
Witnesses: Benz. J. Waldo, Sumter d. Marks,
Jr.
PETER Stiff, Not. Pub.
I, the undersigned recorder of mortgages
for the parish of Orleans and City of New
Orleans, do hereby certify that the above
and foregoing act Of Incorporation OF Tierney-
donations Manufacturing Co., Inc, was this
day duly recorded in my Office in bookl206,
folio -
New Orleans March ., 1917.
(Signed): EMILE ]. LEONARD, by. r.
4 true copy from the original act.
PETER Stiff, Not. Pub.
march p april 5 u 70 % may