The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05

cessors are elected and qualified and shall
cause another election 10 be held as soon as
possible thereafter. after notice thereof shall
have been gwen IN one newspaper Published
n the city u New Orleans Is above pro
vided.
Five 81 directors shall constitute q quo.
run Tor the transaction OF any business
The Board Of Directors hereafter elected
snail se.ec; from their own number q Presi-
dent. Nlce-Prt Sident. and as many other
Nice-Presideuts, as It may conclude to elect
Secretary. an Assistant Secretary and a
Treasurer. and the said board shall have tint
power either - combine or separate iht
Offices OF Secretary and Treasurer Il nav
appoint from time 70 time such other Off
-eTs, clerks. agents or Other employees as Il
NAY deem necessary Tor the purposes and
business OF the said corporation. who shal
hold Office az the pleasure Of the Board. Tat
PresIden; or Acting President OF the Com
2any, shan subject TO the control Of The
Board OF Directors Of the COMPANY have
power 70 institute and defend all suits in
Vhch the corporation Is interested. and &c
eve al ponds necessary ard proper n the
prosecution or defense OF such litigation The
AID Board Of Directors nav make and es-
-aolish. as well as alter and amend. znv and
all bylaws, rules and regulations necessary
nd proper Tor the support and management
I the business and affairs OF the CORPORATION
The said board shall have full power and
uthoTity 10 borrow money. Issue notes O:
other obligations IN the ordinary course OF
business, and 70 secure the same bv pledge
y mortgage, and generally 10 do all things
-ezsonable or necessary for the proper carry
NC on OF the business Of the corporation
and also TO issue and deliver full paid shares
Il STOCK Tor cash, or in payment Of labor
lone OF property actually received OF pu--
chased by the said corporation. Each direc-
tor shall have authority 20 appoint in writ
lns proxy 10 represent hin, az all meetings
Of the board
ARTICLE NI.-Whenever this co-noratior
may be dissolved either by limitation OF
from any other cause, It's affairs shall be j.
undated by three COMM sSioners to be ap-
pointed from amongst the stockholders az
general meeting OF stockholders convened for
such purpose. Of which meeting notice shall
De gwen IN the manner and time provided
tor stookaolder's meetings by Article Seven
OF this charter: and majority in amount Of
the capital stock OF said company represented
at such meeting shall be requisite 70 elect
Said commissioners shall remain in office
until the affairs Of said corporation shall
have been fully hquida,ed In case Of death
or resignation OF one or more OF said com
nissloners the vacancy shall be filled by
election by the surviving commissioners.
ARTICLE Nll.-This article Of iuco-pora-
tlon may be modified, changed or altered.
or sad corporation may be dissolved upon
compliance with law.
ARTICLE NIII.-No stockholder shall ever
be held liable for the contracts or faults Of
said corporation in any further sum than the
unpaid balance due the corporation on the
shares OF stock owned by him. nor shall any
mere informality in organization have the
effect OF rendering this charter null OF Of
exposing a StocEh0ide- 10 any Liability be
yond the unpaid amount remaining due on
his stock
And the said appeare-s moreover declared
that. IN consequence OF the foregoing and
pursuant to the authorize IN them vested by