The herald., 1917-11-29

resolution adopted at regular called meet
1 ing of the Board, a meeting attended by
all the members OF the Board of Directors,
| such resolution being adopted in advance OF
| the pledge hypothecation.
Article YAH the powers of this corpo-
ration shall be vested in and be exercised
| by a Board OF not less than three 90 nor
| more than seven % directors, as determined
in advance each year by the stockholders
| at the annual meeting Each director shall
be bona-hde stakeholder, and shall own
at all times One % full paid, non-pedged
share OF stock. The hrst Board OF D7rec-
tors shall consist of:
Edward R. Braud, Nicholson, Mississippi;
John I. ClOlinger, Nicholson, Mississippi,
thomas b. Mobiey, 755 Union St, New Or
leans, La; Clark W. Storrs, 7227 HampsOn
ST., New Orleans, La; Byrd w. Mobley,
Nicholson, Mississippi
The FIRST officers OF the corporation, with
their addresses, are as follows:
Edward r. Braud, Nicholson, Mississippi
who shall be President.
John I. Clolinger, Nicholson, Mississippi
who shall be NIce-President.
Thomas B. Mobley, New Orleans, Louisi-
ana, who shall be Secretary.
Clark w. Storrs, New Orleans, louisiana,
who shall be Treasurer
The above Board OF Directors shall hold
office until the first annual meeting IN Feb
ruary, 1918, or until their successors are
elected and qualified Each succeeding board
shall continue to hold Office for one %
year or until their successors are elected and
qualified. The persons to be hereafter elect
ed directors for subsequent years shall select
from their own number, President, Vice
President, Secretary and Treasurer. The
Board of Directors may from time to time,
and the business of the corporation may
dictate, combine any two of the above Off
GERS in one and the same person.
On the second Tuesday of February of
each year, unless the same should fall on a
legal holiday, then upon the next following
lay day, the stockholders shall elect board
Of directors for the ensuing year. The board
OF directors as well as the officers already
installed shall continue in office until their
successors are elected and qualified The
election of directors shall be by ballot and
the persons receiving the majority OF votes
cast shall be declared elected. For electing
directors, for any other purpose each share
of stock shall be entitled to one vote, wheth-
er present or by proxy, but no fractional
share of stock shall be entitled 10 vote. A
majority of the directors voting at any
one time, in person or by proxy, shall be
required TO pass any resolutions or adopt
any bylaw, and which, when so adopted,
shall be come valid, corporate acts. In case
Of vacancy on the Board or among the Off
GERS from any cause the remaining members
of the Board shall have the power to fill such
vacancy Said Board of Directors shall have
the power to enact such bylaws, rules and
regulations as, in their opinion, may be nee
essary and proper for the management, oper-
alton and control of the business of said
corporation.
Article NI.-Notice of all meetings of
stockholders held for the election of direc-
tors or tor any other purpose, shall be given
in writing by the Secretary and may be
served personally or deposited in the mail
addressed fifteen (l5 days before such meet
ing is held, and directed to each stakeholder
at his last known address, as the same shall
appear upon the books of the corporation,
unless said notice is waived in writing by
all Of the stockholders appearing upon the
books: At all meetings of stockholders
majority OF the votes cast shall be sufficient
to elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution OF the corporation.
Article VII-This act of incorporation may
be altered, amended or modified or the cor
poration dissolved by vote of two-thirds
a general meeting of the stockholders, called
for that purpose, after notice as provided in
Article vi Of this charter; and in case of
dissolution of the corporation the stockhold-
ers at such meeting shall elect three co
Liquidating Commissioners, who shall have
entire charge of such liquidation, with au-
thority to sell and dispose of the assets of
the corporation, and to fill vacancies occur
ring IN their number.
Article WILING stockholders shall ever
be held liable or responsible for the con-
tracts or faults of the corporation, in any
further sum- than the unpaid balance due the
nor shall any mere informality in organiza-
ton have the effect OF rendering this char
ter null, or exposing a stakeholder to any
liability beyond the amount of his unpaid
stock.
Thus done and passed at my Office in the
City of New Orleans, the day, month and
year first hereinbefore written, in the pres
ence of Frances Eisler and Roy Willie, COM
petent witnesses, who hereunto sign their
names together with said appearers, and me,
the notary, after reading Of the whole
Original is Signed: E. r. Braud, Nichol-
son. Miss, ~ shares; T. B. Mobiey, New
Orleans, 735 Union, One share %; J. T.
Ololinger, Nicholson, Miss, one share %;
c. w. Storrs, New Orleans, La, 3427 Hamp-
son ST., One share ID.
Witnesses: F. Eisler Roy Willie
CHAS. F. FLETCHINGER, Not Pub
|, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, State Of
Louisiana. hereby certify that the above and
toregoing Act of Incorporation of Braud
Hardwood Lumber Co., Inc. was this day
duly recorded in my Office in Book 1912, TO-
lilo -.
New Orleans. La. Nov. 26. 1917
(Signed) EMILE J. LEONARD, D. R.
True Copy.
CHAS R. LEnCHINGER, Not. Pub.
Nov g Dec Jan