The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-05

notice may be waived by unanimous con-
sent of the stockholders
At all such elections and at all meetings
Of the stockholders, every stakeholder shall
be entitled to one vote for each share of
stock standing in his name on the books Of
the corporation at the date OF such election
or meeting; said votes may be cast in per-
son or by proxy, the said proxy to be in
writing, and majority of votes cast shall
elect.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in any way, but
the directors then in office shall remain in
office until their successors are elected and
qualified.
Each subsequent board of directors shall
elect as soon as possible from their own
number a president and a secretary-treas-
urer as the officers TO manage the affairs OF
this corporation, and may grant 10 the said
officers such powers as they may deem
proper.
whatsoever cause shall be filled by the re-
naming directors Any member of the board
may appoint any stockholder as his proxy
ing Of the board.
Said corporation shall have the right to
make and amend, by its board OF directors,
bylaws, rules and regulations necessary and
proper for the management of this corpora
ton. Three shall constitute a quorum for
transaction of the business of the board
Article Nl-This act of Incorporation may
be modified, changed, altered or amended,
or the said corporation may be dissolved,
with the assent OF two-thirds OF the capital
stock outstanding, at a meeting of the stock
holders convened for that purpose, and after
htteen days written notice delivered in per-
son or at the last known address of each
Stockholder. The said notice, as aforesaid,
may be waived: by the unanimous consent
OF the stockholders. In case of dissolution,
the affairs of this corporation shall be Ii
quidated by two commissioners elected by
the stockholders.
Article VII-No stakeholder shall ever be
held liable for the contracts or faults of this
corporation in any further sum than the I'M
paid balance due the corporation on the
any mere lntormallty have the effect Of rem
dering this charter null of exposing the
stockholders TO any liability beyond the
balance due and unpaid on his stock.
Article NlIl-The subscription of Geo.
VIM. Ruef, ST, TO this company for the sum
Of $3.50 Of the capital stock thereof, that
: Is shares, is covered by the transfer to
this company by said George VIM. Rueff,
81, of certain books and fixtures owned by
him and heretofore used in his custom house
brokerage business, together with the good
will OF said custom house brokerage bust
ness all itemzed and appraised on a list
annexed hereto and made a part hereof
duly sworn TO by the directors of this CON-
pany; which list is to be read in connection
herewith; the total appTaisement Of said
property and good will, as appears on said
list, amounting TO the sum Of S7,5OOOO
Detailed and itemized statement, descrip-
ZION and appraisement OF the books, fixtures,
good will, etc, referred 70 in Article VIII
of the Charter of Geo VIM. Ruef, Inc, for
which there is issued 10 Geo. VIM. Rueff
seventyfve shares full paid non-assessable
shares OF stock in the Geo. VIM Rueff Inc
Books, Treasury Decisions Bound),