The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-29
CarrOIItOn Land Co., Ltd.
1910 Hihernia Bldg. Main 446S
CHARTERS.

ANCu uPOH ny DOd1u OI JJlrcc
tors, such stock, together with the install.
:nents paid thereon, may be forfeited 10 the
corporation by resolution of the Board to
that effect.
Article VI.-"Common stockholders shall
ENJOY no voting rights, nor privileges OF
membership, nor right to participate in meet
ings 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 50
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
ton, still outstanding and unredeemed.
"One-half of the preferred stock issued
and subscribed for present or represented
so long as there remains a mortgage on the
building and so long 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 or 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 the books of the
coropration 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 VII.-"Every member of this ex.
change shall be required to be member of,
or subscribe TO, the General Contractors
Associa alton, its successors or assigns, or
the Allied Building Council, Inc, its sue
cessors or assigns The Board shall have the
night to fix the dues and assessments 10 be
paid by members or subscribers and to pro-
vide for the time and manner of payment and
10 nix penalties for non-payment thereof
The Board of Directors shall have the
rignt' power and authority to pass such
bylaws, and to make such rules and regu-
lations for the management and government
of this corporation and the Exchange 10 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 hx and enforce penalties including ex-
puision, suspension or fine, or both as il
may deem necessary.
Article VIII.-"The business affairs of this
corporation shall be transacted by and
through Board of Directors to be elected
annually by the preferred stockholders, COM
posed OF a President, Vice-President and
Treasurer and not less than eight 90 nor
more than twenty-eight (2S) other persons
to be elected as directors. They shall be
elected by majority present and represent
ed OF the preferred stockholders at a meeting
called for that purpose by the President,
or, IN his absence, by the Vice-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
snail be given to each stakeholder, in writ
ing, or by publication in 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. |
ignated by the Board OF Directors. On the |
third Monday of December, and annually |
thereafter, the officers and directors elected |
shall take their seats.
"A failure to call meetings, or a failure |
to elect officers and directors as specified |
herein shall not, however, dissolve the cor
poration, 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.
ner hereinbefore specified.
Elections shall be by ballot under such |
rules and regulations as may be adopted by |
the Board of Directors.
commissioners of election or those ap-
pointed to superintend elections shall not be |
candidates Tor any office in the corporation /
at said election. The Board NAV appoint a |
and employees, who need not be stockhold.
ers or members of the corporation, as it NAV
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
be filled by the remaining directors.
"A majority of the directors shall consti.
tute quorum for the transaction of bust
The Board shall be, and it is hereby
authorized to have full plenary right. |
power and authority to make and adopt ali Il
SUCH bylaws and rules and regulations for
md
and as to voting of stockholders /
as 1t may deem best for the interest of the |
corporation.
1T may appoint committees to conduct, and
nave control OF one or several matters, with
the night to revoke same at pleasure. and /
may delegate certain powers and duties TO
sand committees as may best suit the con.
venience and interests of the corporation,
recommendations be approved by the Board"
Now, therefore, said appearers in conform
Iity with and pursuant to said authorization
, 70 the purpose Tss OF putting said amendments
Notarial form and into effect and Carving
out the authority vested in them by said |
stockholders meeting, a copy of the minutes
OF. which are annexed hereto, have signed
I'M. ms notariai act for the purpose of making
Thus done and passed in my notarial Office
in the City of New Orleans, on the day,
month and year hereinabove set forth, II, |
the presence Of Messrs. Salvador Roccaforte
and Stafford NJ. 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 M. Smith. |
ETHELRED NJ. STAFFORD,
Notary Public.
/, the undersigned Recorder of MORTGAGES.
in and for the parish of Orleans, State Of
Louisiana, do hereby certify that the above
and foregoing Act, amending the Incorpora-
tion of the Contractors and Dealers Ex-
change, was this day duly recorded in my
office, in Book 1912, Folio -
New Orleans, November 8, 1917
(SigneO EMILE ]. LEONARD,
by. Recorder.
A true copy.
ETHELRED NJ. STAFFORD,
i, Notary Public.