The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-04

such increase will be to the best interests
81 the corporation, and the board Of directors
shall have the right 10 elect as directors
A sufficient number u stockholders having
ihe qualifications for directors 70 complete
he board whenever same shall have been
increased As herein authorized, sad d'rec-
toys to serve until the annual meeting next
thereafter 70 BE held or until their success,
Sprs are elected. All vacancies IN the board
If directors from any cause shall be nlied by
The remaining directors a: any regular meet
lUE. or a: a special meeting OF the directors
held for that purpose. Four members OF the
board shall conStitte a quorum Tor the trans
action OF all business. Each director a. the
time Of his election shall own Al least one
full paid unpledsed share OF stock
The directors shall be elected annually.
On the third Tuesday Of August Of each year
AZ a meeting Of stockholders called Tor that
purpose after notice gwen as required Oy
.aw. AT the first meeting 81 the board OF
directors after the annual election they Shal!
elect from their number president, VICE.
president, a secretary and treasurer, and
me board shall, have the power. IN their as
c~etipu to unite two Or more othceS' and the
/ same TO confer person.
All elections shall be held by ballot.
/ and a maj Ority OF the votes cast snail elect.
/ Each share OF stock shall be entitled 10 one
vote to be east by the holder thereof III
/ person or by proxy or by letter the sigma
/ :ure TO which is duly acknowledged as re;
/ CURED by law, and said stock may be voted
/ cumulatively.
a
| specified for the annual meeting shall not
/ dissolve the corporation, but the directors
then in office shall remain in office until theli
/ successors are elected
right from time 70 time TO appoint such ON
GERS. clerks, agents or other employees OF
committees as may be necessary for tht
! proper conduct Of the business and purposes
| 6f the corporation, and shall have the RICH
| 70 appoint an executive committee composed
II three members and to delegate 70 sal(
committee all the powers and authority pos
seSSed by the board, under such rules ans
regulations as the board may nN. All suci
appointees shall hold during the pleasure
II the board.
The board of directors may make an,
establish, as well alter and amend, al
i bylaws, rules and regulations necessary an
proper for the support, management and con
duct of the business and affairs OF the COZ
i. | poration. Said board shall also have IN
r power to borrow money, execute mortgage
/ authorized by the stockholders, issue note:
bonds or other obligations, payable prlncipa
and interest in lawful money OF the Unite
States. or in United STATES gold coin an
generally to do all things reasonably nece!
sary for the proper conduct and managemer
IF the business of the corporation; and ais
e 70 issue full paid shares OF stock, ponds
;, obligations of said corporation in paymei
K for labor done, services rendered. money DO
J, -owed or property or rights actually receive
by said corporation. II
A Appearers further declare that they
: hereby authorize and require the sa
Q changes and amendments TO be duly inco
4 | poratei into notarial shape and 10 be r
+ corded and published according TO law
n the end that the same may be operative ar
binding on all persons whomsoever
Thus done and passed at my otnce al Ne
| Orleans on the day, month and year mere
first written, in the presence OF Edward Ma
- quillan and Leo L. Dubourg, competent WI
nesses, who have hereunto signed the
R names, together with the said appearers al
me, notary. ,
!. Original signed: p Seton Schneidau, '
r L. Lawrence Sec.-Treas. Edward Macquilla
Leo L. Dubourg.
IF HENRY p. DART, JR., Notary Publ
n I. the undersigned recorder OF mOrtgag,
:. for the parish of Orleans. do hereby certi
d hat the above and foregoing act OF amen
I'd ment Of the incorporation OF the Moore X
= tary Stump Cutter Company, Inc, was u
/, iay duly recorded in my office, in book Il
Of folio -. ~
&c New Orleans, La, Dec. z, 1916.
n A true copy.
i: (SignedD Henry P. Dart, Jr., Notary Publ
" dec IL q rs jan II is