The herald., 1917-07-26

| ton or until the certificate cyidcucug 81
| share or shares % stock has been delivered &:
! the corporation and duly cancelled.
Article IV-The corporate powers Of n
| corporation shall be vested IN and exercise
/ ~ the board Of directors OF no. less tina
! .h-cc or mu-e :han 1--WE - which "a quorum
! shall he Two, when three directors are elect
! ed, and three when more ;han three director
| are elected on the board Tor the transaction
| Of business and their decisions shall be vain
| corporate acts.
Al the annual election Of Stockholders h-l,
J each yca-, the SAID stockholders shall deer
mine the number OF the board % director
| - be elected for the ensuing yea.
Tn" officers OF ;his corporation shall be
pies, dent. wee president and secretary treas
| u-rr. the office of scc-c.ary-trea-urrr may II
| either separate or combined m one i1dyit
ual which the cooperation shall from TINT
| 70 tine determine; the following person
shall constitute the f-s. board Of directors
Mcriwether Lewis. 5o1 Henrcn Bldg, Aa-or
: Cox, New Orleans Cotton Exchange
Ernest !. toulon. 302 Hen0en Bldg, W J
Mcnamara, New Orleans Cotton Exchange
All being residents OF the CITY % New Or
leans State of Louisiana. and the said " J
Mcnamara shall be president, Aaron :. Coz
shall be e-prcsidcnt, and Mc-we,h-,
Lewis shall be secretary treasurcr.
No person shall be eligible As a director
or an officer who IS not a stockholde- OF 'h..
company.
until the third lSrdp Monday IN June. 1913
on which date. and thereafter annually :
r'tFl .' directors NaA.i ne elected %" me
'h'-t MONDAY Of June Of earA, year. unle.,
me same s'ttI De .rHa! A''iifN, "Atn me
election shall be held the mex; legal day
thereafter.
Notice Of such election shall he given tv
letter 20 he written ten lOl days previous
20 said election and sent by mail prepaid 90
the las, known address Of each OF the stock.
fF' III 81 3D. 81
appp,u. one or more Stockholders 20 preside
Al such election as commissioners. in the
event Of the failure Of auv commissioner or
commissioners 10 attend, the president shall
by appointment. fl the vacancy. failure
from any cause whatever 10 elect directors
on the day named for that purpose. shall
not dissolve the corporation, bu; the direc-
tors then n Office well the officers Of
SAID corporation SHAH hold office until their
successors are chosen.
A, every election and meeting. each STOCK
holder shall he entitled n yo,c .,r e,cL
share Of stock registered in his name and
may vote by proxy
IT. ,.-.; = l.. g,
~ So -,;-:., =: Ia. 'v ~ 'aI'o'
- - . -. VI 80 a. /;
e. III 'y.eu no" 20 Oc counted
s,,s fo- ,yL,r, ,I,.,. 49,. -, ~. VI P''
shall elect from their own number the Off.
Gers of said company
A.,rro y IT, - I'LL -. I'll -
~ - - ne '3aru slaI nave 'u.I p'"
d.. al -:.,-... 10 ~, .i-.'' ~. "
.,.tL'I y" ".".. 'So '''.' '.'c
wa
ne sara noard OF directors shai! have 1ul
contT"I % the property OF this company and
(HaH conduct manage and use the same as
'hcT n'sCTel.n may deem IT and that Is
consistent with the objects Of this company
The said board Of directors is fur,he- an
tho-i7ed to adopt such bylaws. rules and
regulations as the affairs and business Of
the corporation may require and as u NAV
deem necessary for the conducting ard man
agement thereof. provided that same shall
not conflict with this charter or with the
laws Of this State or the United States.
The said board Of directors shall e'oc, ~
7n-oir, e,,rb 80 g. 80 ~. -. VI
servants and clerks as il NAV deem 1cces,
Sa-y f7- the conducting Of the business Of
the corporation. FIX their concentrations
terms Of service. with the right 10 discharge
them at the boards pleasure, and that said
"oa-i shall have the right 20 FIX and deter
mine the salaries Of the several officers
herein provided for
Tho n-es:Ja,. ~. .r:s .,--,--.:.- :.
ihor'zed 10 call meeting OF the board OF
directors at any TING, provided he shall give
all members Of the board Of directors. forty
eight t+S) hours written notice which formal
written notice as well as the time. NAV he
waved by the consent Of all the directors
IN the written request Of any two mem
berS OF the board Of directors, the president
must call 4 meeting OF the board and give the
necessary notice thereof
Article NI-one OF the purposes OF the
oisdA'zatlon OF TINS corporation being 10
@'f"Ie ny purchase from MeTiwether Lewis,
"a X u Nesse' CdI!ed the MetIwether,
'OsO'.'O' VIII '"e engine ana OtheT equip