The herald., 1918-01-10
CHARTERS.

shall not dissolve the corporation, but the
Directors then in office shall remain IN
office until their successors are elected ana
qualified. Due notice OF another election
shall forthwith be given, as above provided.
Such notice of election shall be continued 10
be given until election IS held. The
Board OF Directors at their hrSt meeting
following each annual election shall elect
from their number a President, Nicc-PreS-
ident and i Secretary-TreasuTcr, and such
other officers as the Board Of Directors shall
deem necessary. The Board shall have pow
er, III its discretion, to unite two or more
Offices and the same to confer upon one
person, and shall have power to nix the sal
aries Of all officers and all such other othcerS
and employees they deem necessary. The
Board Of Directors shall have power 70 make
ard establish, as we'll alter and amend,
all bylaws, rules and regulations necessary
and proper for the support and management
Of the business and affairs OF said corpora.
ton, not inconsistent with its charter. said
Board shall also have full power and au-
thority to borrow money, and through the
President or some other duly authorized
agent or agents, 10 execute mortgages, issue
notes. bonds or other obligations, in such
amour, and on such terms as IN their Judg-
meut may be advantageous; and generally
20 do all things reasonable necessary tor the
proper carrying on of the business Of this
corporation, as also to issue and deliver
full-paId shares Of stock and bonds or obli-
cations OF this corporation, in payment OF
money borrowed, or money, labor or services,
this corporation. as heretofore set forth; and
shall have power 20 do all such acts and
things IS may be necessary 20 carry out the
objects and purposes Tor which this c0rpo-
a majority Of the Directors shall consti-
tutc a quorum Tor the transaction OF any
business. At any meeting of the Board any
Director absent from. the meeting may be
represented by any other Director, who may
cast the vote OF said absent Director, accord
ing - the written instructions of said alb
sent Director. The Board of Directors shall
have the power, by vote OF not less than
ma jority thereof, TO sell, lease, mortgage, by
bond mortgage, or otherwise, or TO pledge,
any and all OF the property movable or i'm
movable, belonging TO the corporation, or 20
receive in exchange therefor, money or stocks
or bonds or other obligations of another cor
poration, without referring TO the sharehold-
ers for the power to do so; and they may
also purchase for stock in this corporation,
NJ for cash or on credit, property of any kind
required for any of the purposes Of this
corporation, without authority OF the share
holders.
Until the next general meeting to be held
under this charter the second Tuesday
in January, 1919, or until their duly quail
fed successors are elected and installed, the
Board OF Directors shall be composed of
Robson Dunwody, whose postoffce address
is New Orleans. louisiana; Joseph B. Behr.
whose postoffice address is New Orleans.
Louisiana, and II. +. Allen, whose postoffee
address is Hattiesburg, Mississippi, with
Joseph Is. Behr as PRESIDENT, ROBSON Dun
xody as Vice-President, and II. Z. Allen.
as Secretary-Treasurer.
Article Widths charter may be amend
ed, and the capital stock of this COR
poration may be increased or decreased, or
this corporation may be dissolved in the
method and manner provided by law.
Article VIII.-No stakeholder of this cor
poration shall ever be held liable respon-
sible for the contracts or faults of this
poration in any further sum than the unpaid
balance on the stock for which he has sub
scribed, shall any mere informality in
organization have the effect of rendering
this charter null or Of exposing a stock
holder to any liability than as above pro-
vided.
Thus done and passed in my Office at the
City Of New Orleans, louisiana, on the day,
month and year first above written, in the
presence of X. X. Ramos and l. r. Saal,
competent witnesses, who hereunto sign their
names with said appearers and me, Notary,
after due reading of the whole.
Original Signed Jos. B. Behr, New Or
leans, La, One % share; Robson Dunwody.
| New Orleans, La, Nineteen ninety-eight
Q99s) shares; H. E. Allen, Hattiesburg,
Miss, One (D share.
Witnesses: r. X. Ramos, /. r. Saal.
| w. F. MILLING, Notary Public.
| True Copy from the Original Act:
New Orleans, La, December 3, 1917
w. F. MILLING, Notary Public.
| Dec Is 20 u Jan 10