The herald., 1918-10-24
CHARTER

the preferred stock, at any time, before five
years by making similar payment 10 the
above and a bonus Of 10 per cent on the par
value OF such stock. The preferred stock
shall cease to earn dividends and interest
from the day designated by the Company for
the retirement Of such stock.
ARTICLE N.-All the corporate powers OF
said corporation shall be vested in and exer-
Cised by the Board of Directors, to be com
posed OF ten stockholders, to be elected an
nually on the first Monday in May Of each
year, except 1t be a holiday, then on the
next succeeding day not a holiday, without
the tOrmahty OF notice Of meeting to stock
holders. All such elections shall be by bal
lot and conducted at the office OF said cor
poration between the hours of eleven o'clock
A. NJ, and three o'clock p. NJ, under the
supervision OF three commissioners, who
shall be directors and appointed by the
Board of Directors. Each share OF the
common and preferred stock shall be EMIT
led to vote to be east in person or by
proxy, and a majority OF the votes cast shall
elect. Said commissioners shall make their
returns in writing to the secretary OF the
Company the day OF the election, or the
following day, and upon receipt Of said
return the secretary shall notify the ten
stockholders receiving the highest number
Of votes OF their election. The directors thus
elected shall meet on the second Monday in
May following. at ten o'clock A. NJ. elect
officers and transact business. Any va
cancy occurring among the directors by
death, resignation or otherwise, shall be fill
ed by election for the remainder Of the term
OF the board by the remaining directors. a
failure to elect directors the date above
specified shall not dissolve the corporation,
but the directors then in office shall remain
in the office until their successors are elect
ed and qualified. Five directors shall con-
stitute a quorum for the transaction OF bust
ness. The Board Of Directors shall at their
first meeting after each election, elect from
their own number president a vice-pTesi-
dent second vice-president and a secretary
and treasurer and fix their salaries. The
Board OF Directors shall have the power
either to combine separate the office OF
secretary and treasurer and elect a person
not a director TO fill of said offices.
Said Board of Directors may appoint from
time to time such superintendents officers,
clerks or agents and other employees as
they may deem necessary for the purpose
and business OF said corporation, who shall
hold office at the pleasure of the Board.
No employee shall be employed for longer
period than one month without special reso-
luton of the Board Of Directors. Said Board
shall have full power and authority to &C
quire or sell property, real, personal or
mixed and secure the same by mortgage or
pledge, issue bonds, notes or other obliga-
tons for borrowed money or other indebted
ness and secure the same by mortgage or
pledge and generally TO do all things reason
able and necessary for the proper carry
ing on OF the business OF the corporation.
Each Director shall have authority TO ap-
point IN writing a proxy, who must be a
to represent him at all meetings
Of the Board. And the said appearers more
over declared that in consequence OF the
foregoing and pursuant TO the authority in
them vested by the stockholders of said
Company, they do hereby formally declare
publicly and make known that in the man.
ner prescribed by law and agreeably to the
provisions OF the charter of the said Inter
state Electric Company, passed before Joseph
Lautenschaeger, Notary Public has been
changed. altered and amended as hereinabove
set forth and written, and they do hereby
direct and require that the above stated
changes and amendments of the charter of
the Interstate Electric Company be recorded
and published in the manner prescribed by
law, to the end that the said changes and
amendments hereafter and at all times be
IS hereinabove set forth, regards all per-
sons that are now or may hereafter become
stockholders of the aforesaid Company
Thus done and passed at my office. in
he City of New Orleans, on the day, month
md year herein first above written in the
presence of A. A. Hebert and T. O. Tugel,
Competent witnesses, who hereunto sign
heir names with the said appearers and me,
Notary, after reading of the whole Wit
iesses: A. A Hebert, 7. o. Tugel. (Or-
Iinal Signed P. Stern, President; Sam
lehman. Secretary Treasurer. A A MO-
RENO, Notary Public.
l, the undersigned, Recorder of Mortgages, |
n and for the Parish of Orleans, State OF
louisiana. do hereby certify that the Act of
amendment of the charter of the Interstate
1lecric Company was this day duly recorded
n my office in Book 1872, Folio US. New
,Ileans, July %, 1918. EMILE J. LEON |
ARD, d. X.
true copy A. A. MORENO, Notary |
Oct. l0-17-243l, Nov. 7-14