The herald., 1917-03-08

offered therefor by any outsider: said offer
shall be made in writing and shall De &c
I repted or rejected by the other Stockholders
| within thirty days Ii any stakeholder should
not desire to purchase his proportion OF the
stock 50 offered. the remaining stockloIderS
shall IN proportion 10 their hold'hsS NC 'e
auired 10 take over same.
A-.cile N.-All the corporate powers Of
sald corporation shall be vested IN and eNer-
cised bv board of directors, composed OF
i shall constitute quorum. The SAID dlTeS,,
1rs shall be elected annually on the second
Thursday in January in each year.
All such elections shall be by ballot and
&, .hr office Of said corporation, under the
,lgrrv.,ion Of three commissioners 10 be
appointed by the board OF directors
Notice Of said elections shall be gwen by
rbe secretary Of the company by written no
ice thereof delivered personally or by Dc
posting the same III the post office. properly
addressed, - each stakeholder al least nj
teen days preceding such meeting.
A. ali such elections and at all corporate
meetings every stOckholder shall be emitted
to one vote for each share o. stock Stana'hS
in his name on the books OF the corpora
ton. to be cast in person or by written
proxy and i; shall require d majority OF the
stock outstanding 20 elect.
| Any vacancy among The directors by dea.h
rc,.snauon OF. otherwise; shall ne nEed by
election ;,r the remainder OF the term, by
r the remaining directors.
\ failure to elect directors on the date
above specified shall not dissolve the cor
. p.rgt!4 - rrr IuIua.' It's corporate manage
meat ION; ;he directors then III office shat.
r remain in office until tac.. >H>ge-0oE' s"a,'
nave been tu.ly elected and shall nave qu-l-
. .r.I
ia, board Of dt-cc.o., shall elect from
.G,.. .--.'cr president ana a N.ce-pEeNl,
Gcn- They shall also elect secretary and
a Treasurer. u~ one i,.-r' Who -',al. DE both,
ei.Ec~ ur both Of whom may or may nos
be member, Of the board They may troa,
.ru.e ts .swg meme and appoint all -u-l ON
, ! .,.-~ and agents a. may re deemed necessary
for the purpose, and business OF the corpo-
ration: theg shall have poNU~ 10 HN and
define the duties Of every officer and en-
, ployee and all officers and employees Shda
, hold office and employment a. the pleasure
.. the board.
The board may make as we'll as alter and
. ,a.c,l any and all bylaws. rules and regu-
. | .tt.uu> necessary and proper IN ITS JudS-
, men, for the conduct and management OF the
. business and affairs OF the corporation.
, The board sha.! hav> full power and au-
, tnrr.-y 90 borrow money, to execute mort
cages and 10 create liens; 70 issue bonds,
4 ,gic. ,ud other OBLIGATIONS, and generally
. necessary for the proper carrying on OF the
- business of The corporation
The board may issue full paid and non
; asscssable shares OF stock f5r cash or in
pagmcut II labor done or property actually
:. received by said corporation.
I At all meetings OF the board OF directors
!. each director shall have. the right to appoint
-, a proxy to act in his place and stead.
-. be dissolved. either by limitation or from
:, any other cause. its affairs shall be liqui
!. from among its stockholders at q genera
n | uextlug Of the stockholders convened 10,
=; that purpose. of which meeting notice shal
% be given in the manner and time provided fo
x ne st,rkhodlerS' meetings provided by Arti
= Gle vi Of This charter and three.fourths il
ID .noun, OF the capital stock represented a
such meeting shall he requisite 10 elect
~ said commissioners shall remain in office un
,I til the affairs Of the said corporation shall
:, have been fully liquidated. In case o
" death OF resignation OF one or more of tn
" ! said liuuidators the vacancy shall be file,
= BY election bv the remaining commissioners
- Article VII-This act of incorporation ma
~ be changed, modified or amended or SAL
Vi corporation NAV be dissolved or the capita
49, stock nav be increased or decreased in &C
on cordance with law, at a meeting of tn
~ stockholders called for that purpose, afte
o. dressed 10 him as designated nv him !
IN least fifteen DAYS prior TO the date Of IN
Ji' meeting
IL Article VIII-No stakeholder shall eve
81 be liable for the contracts. faults. or de
90 faults or debts Of the said corporation in an
~ further sum than the unpaid balance due tn
nc cornoration ON the sharas Of stool, o,v ne
ay by him. nor shall any mere informaiity in o,
u ganization have the effect of rendering thi
"A charter null or of exposing a stockholde
50 TO anv liability beyond the unpaid amour
ce remaining due on his stock
&c Article IX.-The following shall constitu,
~ > the first board of directors Auguste Coiror
ne Whitney Building. New Orleans. La
eSS Roydan Fanniug. Whitney Building Ne,
III Orleans. La, Louis Coiron, Whitney Buiit
y ing. New Orleans, La. and Auguste Coiro
,iu shall be president S Royden Tanning sha
ny be v;ce-president and Louis Coiron shall !
m secretary-treasurer.
~ The said directors shall hold Office unit
~ the second Thursday in January, 1918, {
'' until their successors shall have been dull
i elected and qualified
u In order that this act of Incorporation ma
serve as the original subscrintion LIST Of N
;: said corporation, the subscribers hereto bav
ot set forth opposite their names their respect
lct i've addresses and the respective nunber .
rs shares subscribed for by each.
re- Thus done and passed at INV ofic. in m
GGity OF New orleans, IN the presence {