The herald., 1917-08-16

into one. or to segregate said offices. as also
the right to appoint and dismiss such clerks,
managers and other employees OF the corpo-
ration as conditions may justify or the bus
mess OF the corporation may require. The
tenure Of office OF all the employees OF the
corporation shall be at the pleasure OF the
board Of directors
Any OF the directors or officers shall have
the right to appoint, in writing. another
director or stockholder 10 act as his proxy
and in his stead at any and all meetings OF
the board OF directors.
Article Sixth.-No stockholder shall ever
be held liable responsible for the CON
tracts. faults or debts OF the said corpora
ton, nor shall any mere infOrmality IN its
organization have the effect OF rendering
this charter null, or of exposing a stock
holder 10 any liability beyond any balance
due on the shares owned by him:
Article Seventh.-This act OF Incorporation
may be changed, modified or altered, or this
corporation may be dissolved, with the assent
Of the stockholders owning twO-thlrds OF all
the stock Of this corporation al general
meeting convened for that purpose, and after
at least ten days written notice Of the said
meeting shall have been given, through
mail. addressed TO each s;ockholder al his
or her last known place Of residence.
In case OF dissolution by the expiration OF
this charter, or otherwise, the stockholders
shall elect, from among their number, three
liquidators 70 liquidate and settle the buSl-
ness and affairs Of the corporation. In case
OF death or dlSaOillfy OF any one OF sd4u
commissioners or i.qudators, the survivors
or remaining liquidators shall appoint 2
successor to him. The said liquidatorS shall
have full power to settle SAID company $
debts. and divide the remaining money and
property among the stockholders. They shall
also have power 20 meet and act under the
bylaws OF the corporation and under regu,
latiors to be made by a majority OF SAID
iuuida.nrs: TO FIX the price and prescribe
the terms OF sale Of said property and the
manner in which the sale shall be made, 70
sell and convey the same and take notes
and bonds, secured by mortgage or otherwise
for part OF the purchase price fo- al! or any
part OF the said property; provided, howeVe-
that the rights herein conferred upon the
liquidators may be modified, changed or de-
MED bv a majority OF the shares OF the
capital stock OF the corporation. The SAID
| liauidato-s shall have authority 20 sue FOR
| and recover the debts and property in The
name OF the corporation, and may be sued by
| The same name, and they shall be liable II
! solido 20 any creditor or stockholter for th'
/ moneys and property OF the corporation
which shall come 10 their hands or posses
/ sion as liauidators and for the proper app!i
cation and distribution thereof.
Article Eighth-It is hereby declared tha
| one hundred thousand dollars have been sub
| scribed TO the capital stock Of this corpora
| ton, as follows: -
| Name: Address Number OF snare
Alfred Bonabel, Metairie Ridge. jefferson
Parish, La, $50 shares, Mrs. Laura Broken
braugh Rappleye, wife OF Alfred Bonnaoe.
Metairie Ridge. Jefferson Parish, La, 4
shares; Alfred E. Bonnabel, Metairie Ridg.
Jefferson Parish, La, / share; George "