The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
CarroIItOn Land Co., Ltd.
1910 Hihernia Bldg. Main 446S
CHARTERS.

manner fixed upon by the Board Of nirec-
tors, such stock, together with the install
:nents paid thereon, may be forfeited ID the
corporation by resolution OF the Board e
that effect
Article VI-"Common stockholders shall
enjoy no voting rights, nor privileges OF
membership, nor right to participate in meet
ngs of members of the Exchange or be
elected members of the Board of Directors
OF this corporation, so long any mortgage
exists on the Exchange Building, and SO
long as there is any preferred stock issued
by the corporation and outstanding; nor
shall any dividends be paid common stock
holders SO long as any mortgage exists on
the Exchange Building and while there is
any preferred stock, issued by the corpora
tion, still outstanding and unredeemed.
"One-haf OF the preferred stock issued
and subscribed for present represented,
SO long as there remains mortgage on the
| building and so long as there is any pre-
ferred stock outstanding, shall constitute a
quorum at meetings Of stockholders, and it
shall be necessary that two-thirds of the
amount OF said stock presented represented
by proxy shall vote IN favor OF any question
| in order TO decide the same. Each share of
preferred stock shall be entitled to one vote,
to be cast either by the person in whose
name the stock appears on the books of the
corporation at the time of voting, or by his
agent or proxy.
| Meetings of stockholders may be called
| by resolution of the Board of Directors at
any time to vote or pass upon any matters.
| Article Vll.-"Every member of this ex-
| change shall be required to be member of,
or subscribe to, the General Contractors
Association, its successors or assigns, or
the Allied Building Council, Inc, its sue
cessors or assigns. The Board shall have the
right TO nix the dues and assessments to be
paid by members or subscribers and to pro-
| vide for the time and manner of payment and
to FIX penalties for non-payment thereof.
The Board of Directors shall have the
lrfn sd l.
| bylaws, and to make such rules and regu-
| lations for the management and government
of this corporation and the Exchange to be
operated and for the admission of persons
| TO the privileges of membership and TO pro-
vide for the conduct of all its members and
persons on the floor of the exchange, and
to nix and enforce penalties including ex-
pulsion, suspension or fine, or both as it
may deem necessary.
Article VIII.-"The business affairs of this
corporation shall be transacted by and
through a Board of Directors to be elected
annually by the preferred stockholders, COM
posed of President, Vice-President and
Treasurer and not less than eight 80 nor
to be elected as directors. They shall be
elected by majority present and represent
ed of the preferred stockholders at meeting
called for that purpose by the President,
or in the event of the absence of said Off
GERS, or their failure or refusal to act, by
more than one-half of the preferred stock
holders of which fifteen Q5) days notice
| shall be given TO each stakeholder, in writ
ing, or by publication in a newspaper pub
lished in the City of New Orleans. Stock
holders may, however, waive the said notice
! and appear in person by proxy
''On the second Monday of December, and
| annually thereafter, an election of officers
| and directors shall be held at the Office of
| the corporation or at some other convenient
| place to be notified to the stockholders des-
/ w nard of a., IL.
| third Monday of December, and annually
| thereafter, the officers and directors elected
shall take their seats.
"A failure to call meetings, or failure
to elect officers and directors as specified
| herein shall not, however, dissolve the cor
Poratlon, but the then existing officers and
Board of Directors shall continue to hold
their Offices, until their successors are elected
| and assume Office, and another election shall
| be held as soon thereafter as practicable, at
time and the maner to be fixed and agreed
upon by the authority calling the same,
notice OF which shall be given in the man
Elections shall be by ballot under such
| rules and regulations may be adopted by
| the Board of Directors.
Commissioners of election or those ap-
pointed to superintend elections shall not be
| candidates for any Office in the corporation
at said election The Board may appoint a
Secretary, and such other officers, managers
and employees, who need not be stockhold-
L
| deem necessary, with power and authority
to discharge at pleasure.
| ANY vacancies occurring in the Office of
the Board OF Directors, from any cause, shall
De niled by the remaining directors
| "A majority of the directors shall eonst;
ness.
The Board shall be, and it is hereby
power and authority to make and adopt ali
such bylaws and rules and regulations for
| the management and government of this
| corporation and as to voting of stockholders
| as II may deem best for the interest of the
corporation. '''-
1t may appoint committees to conduct. and
| nave control OF one or several matters. with
me rignt to revoke same at pleasure, and
may delegate certain powers and duties to
| SAID committees as may best suit the con-
venience and interests of the corporation.
provided that all of their acts, doings and
RECOMMENDATIONS be approved by the Board"
| NOW, therefore, said appearers in conform
Ity with and pursuant to said authorization
tOr the purpose TT Of putting said amendments
Notarial form and into effect and carrying
stockholders meeting, a copy of the minutes
or which are annexed hereto, have signed
this notarial act for the purpose of making
| full proof thereof.
in the City of New Orleans, on the day,
month end year hereinabove set forth. in
the presence of Messrs. Salvador Roccaforte
and Stafford M. Smith, competent witnesses,
who hereunto sign their names, together with
said appearers and me, Notary, after reading
of the whole.
Signed: Herman H. Thomas, Prest., R. L.
McChesney. Secretary.
Signed: S. Roccaforte, Stafford NJ. Smith.
ETHELRED NJ. STAFFORD.
Notary Public.
1, the undersigned Recorder of Mortgages,
IN and for the parish of Orleans, State of
and foregoing Act, amending the Incorpora-
ton of the Contractors and Dealers Ex-
change, was this day duly recorded in my
| office, in Book 1872 Folio -
New Orleans, November s, 1917
| (Signed) EMILE J. LEONARD,
| Dy Recorder.
A true copy.
| ETHELRED NJ. STAFFORD,