The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-22

stance 70 he agreed 20 by the "oa-d oi as-s-
tors. "lcn sh3A nave iu.l ana ma" i~.Nt
t. d.. - subject TO- The provisions @, La"
w: Act No. -~ OF ISl@
II any irsklmcr: or 'r..arI-neab, ~
stock .,lbsc-lLsi for Should r,at i've mai,
WITHIN thirty days after the same shall be
cong dae, such -rocl and :h, ,uhserp'io.
rIr,c.n. NV Hr f"-..,.eI o, the c"aaanv :,
-e~ tuition NJ the board % directors Hlthou
further notice or proceedings; or the boar.
a- directors nav hold ..y subscriber go .ri
stock personally responsible therefor, aug
take LEGAL proceedings go collect ,lr install
u-nt ar miscellaneous due t-rrr.a.
This company shall be going coaee.-
and begin business a. soon g.. rttv t51C,
per cent OF said capital stock shall hay,
been subscribed for. and fifty GOc,) pei
cent Of the amour, thereof actually paid in
| III i-s~sfrrs NJ sock Shall he mai. d..
rl.. original .,~.,.c4tr p-,rg-., endorsed f.,
! r4r-,.ra,.,n Inv che stockholders Ir who's,
favor said stock is issued. or 1y .a,.- i-'s
| ,',,f'.-.,.F gent
| 'Nanr o.. Tie Stockholders, shall 't,, rr.
l~;y,. %, .-,r.f,r or assign ANN. of fg, share.
1,lt hy ary - ,heu A,trr., having frs.
l.Fr-cd the -.-ar - lie board ~ l,.rr.u.
I which shall have the rlsh- % purchase then
so- IN, he,,rrt If the c.~aara.5.- ,,ttntr ty.
IL I4y, hereafter a. their hook vaIa, as
| shown Iv the stock taking last urc,rl.r.
the transfer All shares purchased ny the
| -p-,,a-..iur NAV be r,-i-,l,I .y j. a., -r.
,r.5I .5ar ,rr.r mar yarur.
4. III ,.I,-r.l,, 5,y. ~ meetings lf IN. stock.
lL,r4r-. only ,.;rh shares rf stock a> az.
| 80 fr IN f,rl snail be- -r..fIrI 90 vote rut
! ~ -; .-,r1 .r.,r.. shall ',r entitled Cd. .r.r.
! y,+. =, Ir cast either hv the person in
| v.I,.c name, the stock appears n0 the books
J ". ,r,. ..-r,r,,i.,r a. ,f, .,r5. 1f --. y,--
! irr ar r, his p-uNv. duly authorized iu
| ,.rit;,p ., -hs- effect
| Tn ..prr3l stock f said corporation may
on complying Win al, tie requisite, of rh,
l,,. l i-,-,4-,1 10 The sum Il FIVE h..utlr.,.
]
! Ar.lrlc VI-Ths business and Affairs AVA
r,-r,.,-.-, r,oy,,-. nj tins c1rp1ratigu shall ne
! ,-.,-,-...r-d nv board Of three e., dice
/ ,,-. ., ne -r-,rn.,I rf stakeholder, thereof
.,l ,r.y ,-J %arH If them shall Pee elected
! Iy a majority Of al! the votes at a meeting
| - be held Tor that purpose.
Tr,;' rLc r-s. Wednesday in January.
| 1913 the foIIoving named persons shall com
s.i,r,,c the hoard IF directors i'm tht, cor
! r,.-4.i.,1 -a-vTf. lanes J. Manson whose
insir.ss address i 4gi Common street, and
| ubn -,.,drs ~ No ! Audubon Place IN the
! civ 81 New Orleans; David J. Manson,
whose Iusiucss address is 40l Common street.
! and who resides at No. lz3l Peter, avenue.
! in the city Of New Orleans. and Charles
| Manson y.L,se business address IS .5S No.
peter, street. and who reside, at No o
| Audubon Pr,re IN the CITY Of New Orleans.
| ThereaFter the board Of directors shall be
| ,,n1f,.sed nj thee a. STAKEHOLDER, who shall
J he r'rr.rf annually beginning on the second
! dav II January. 1918
| s sfoskholde- 10 be eligible 10 membership
| must have at least ten OW shares of the
.,r;,,I sr,rL nf hi. corno-af-on stand no
| in his name on the books of The company.
| The election for directors by the stock
boIIe-s shall he hold annually AZ the office
| ii The cI1panv after prior notice OF such
| MEETING .,,irg the d7v aud h1r- shall have
| heer givrn either personally or bv dcposit-
;-,, ~ The ms oficc rronc-l,, addressed tn
each stockh6Ider at least fifteen N5 days
iefnre sucb meeting. ali as provided in Sec
,ion 10 OF Ac. 40. 367, Of 1914
Fve-v board Of directors shall at its first
meeting after lis election. or as soon there.
- = ,,-,l,:-,lIe L., ., p-es;da,. nd
;d,,, go, r. o,, ri,nLar arJ
a SECRETARY and a treasurer. either or both
Of whom NAV not he a stakeholder or di~ec-
- 80 - - Ia oa-o.s So, ne beId Nv
G, -, ,', - '''u may ~
4 faiIu-e IN elect directors on the date
,Love snerifed shall not dissolve the c,rno-
~atio1 Int the then exisring hoard Of direc-
tors shall continue to hold their office, and
91o,hrr eIertIo-, shall he held as soon there
after as nractjcable at time 70 be fixed
Lv ~ btarJ ~ ii-octors ,Le- in nft;ce in
he manner provided in This charter.
ANY vacancy occurring in said board Of
directors from any cause shall he filled
hv the remaining directors The hoard M
directors NAV make such bylaws. rules and
reguIatiors as tbev NAV think nrooDer Tor The
t~srsaction Of the business and affairs M
said CORPORATION and change. alter and amend
the same ar Measure. aDDoint and FIX The
salaries Of all officers. clerks and enDlovees
not herein mentioned. the same to change or
dlSm al pleasure: the salaries the
ofiCers provided for herein: sell, convey.
mortgage pledge, lease and purchase rights
privileges, franchises. property movable. i'm
movable and personal: borrow money; issue
notes and bonds: make contracts and sign
or cause to be signed bv officers or directors
specially or generally authorized by the board
Of directors all necessary acts deeds etc and
adopt a corporate seal. the same TO change or
alter or dispense with at pleasure; and TO do
all things which NAV be necessary to he done
in the management of said business and
permitted by the laws applicable TO corpo-
rations.
A majority OF said board of directors shall
constitute a quorum for the transaction and
management of all business of said CORPORA
ton
Article VII.-This charter nav be changed
modified. altered or amended with the assent
OF twu-thirds (2-1 of the amount of stock
present or represented, at any general meet,
ing of said corporation convened for such
purposes. after previous notice shall have
been given in the manner provided in Arti.
Gle VI of this charter
But any and all meetings of Stockholders
whether for the purposes OF LIQUIDATION or for
any other purpose, may be held at any time
without notice by unanimous consent of all
stockholders, in writing filed with the sec
rotary
Article VIII-This corporation NAV be dis.
solved and its affairs Inundated. whenever in
the Judgment of the board of directors il shall
be deemed advisable and for the benefit OF
such corporation, that it should be dissolved
then the board within ten (Im davs after
the adoption of a resolution to that effect INV
a majority of the whole board, at anv meet
ing called for tha+ nyrnosc oF ,.t;oL s,aa,
each director shall have -ece Min al eG Iens
three 90 days notice, shall cause notice OF