The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-18

such increase will be to the best interests
Of the corporation, and the board Of directors
shall have the right to elect as directors
sutnclent number Of stockholders having
the qualifications for directors to complete
the board whenever same shall have been
increased aS herein authorized, said dIrec-
tors to serve until the annual meeting next
thereafter 10 be held or until their success
sor> are elected. All vacaicics in the board
Of directors from any cause shall be filled by
the remaining directors At any regular meet
ing, or az 4 special meeting OF the directors
held for that purpose Four members OF the
board shall conStItte a quorum for the trans
action Of all business. Each director at the
time OF his election shall own at least one
full paid .unpledgcd share OF stock.
The directors shall be elected annually,
. on the third Tuesday Of August OF each year
at meeting OF stockholders called for that
purpose after notice given as required by
law At the first meeting of the board OF
directors after the annual election they shall
elect from their number a president, a vice
president, secretary and a treasurer, and
the board shall havc the power, in their dis
erection to unite two or more offices, and the
same to confer on one person.
"An elections shall be held by ballot,
aud majority OF the. votes cast shall elect.
! Each share OF stock shall be entitled to one
| vote to be cast by the holder thereof in
| person or by proxy or by letter the sigma
ture to which is duly acknowledged as re-
CURED by law, and said stock may be voted
! cumulatively.
| "A failure TO elect directors on the date
! specified for the annual meeting shall not
| dissolve the corporation, but the directors
| then in office shall remain in office until their
/ successors are elected.
! The board of directors shall have the
/ right from time 10 time 10 appoint such otn-
GERS, clerks agents or other employees or
| committees as may be necessary for the
| proper conduct of the business and purposes
| OF the corporation, and shall have the right
| to appoint executive committee composed
! Of three members and 10 delegate 10 said
COZ mint pa all he n
| seSSed by the board, under such rules and
| regulations as the board may fix. All such
appointees shall hold during the pleasure
OF the board.
The board of directors may make and
establish, well alter and amend, al
bylaws, rules and regulations necessary and
proper for the support, management and con
duct of the business and affairs of the cor
poration. Said board shall also have the
power to borrow money, execute mortgage:
authorized by the stockholders, issue notes
bonds or other obligations, payable principa
and interest in lawful money OF the United
| States, or in United States gold coin anC
generally to do all things reasonably neces
sary for the proper conduct and management
Of the business Of the corporation; and als'
to issue full paid shares OF stock, bonds o
obligations of said corporation in paymen
for labor done. services rendered, money Dor
rowed or property or rights actually received
Appearers further declare that they d
hereby authorize and require the SAT-
changes and amendments TO be duly incOr
porated into notaral shape and to be re
corded and published according to law, {
the end that the same may be operative an
binding all persons whomsoever.
Thus done and passed at my office at Ne'
| Orleans, on the day, month and year herei
first written, in the presence of Edward Mac
% quillan and Leo L. Dubourg, competent wit
nesses, who have hereunto signed thei
names, together with the said appearerS an
me, notary.
Original signed: p Seton Schneidau. "
L. Lawrence, SeC-Treas. Edward Macquillar
Leo L. Dubourg.
{ HENRY Z. DART, JR, Notary Public
r /, the undersigned recorder OF mortgage!
for the parish of Orleans do hereby certif
] that the above and foregoing act of amend
! ment of the Incorporation of the Moore Rt
, tary Stump Gutter Company, Inc, was thi
. day duly recorded in my Office, in book 10
folio -.
e New Orleans, La, Dec 2, 1916.
A true copy.
(: (Signed) Henry P. Dart, yr., Notary Publi
dec IA 81 % jan IL Is