The herald., 1918-08-29
CHARTERS

thus elected shall continue t- office 10y one
year. or until their successor, shalt have
been duly elected and qualified ~ isi.a-e
% elect shall be REGARDED as 4 forfeiture. "a
Tins charter ANY vacancy occurring 1r
said board Shall l, file. ly the re9r.f-.f-s
directors t1r the uucNptrcd term. she said
board shall, likewise elect the additional,
members in case -Etv ,l.g'I determine. o..
increase the number II SAID Boar! SID
board II directors shall 10 IFS first meeting
after its election. nominate on, of It's ulm
her. 4 Pes. dent a Vice President. Secretary
Treasurer. Said Board shall have -Lr rlll.
q sever or % consolidate any Il said af.
f,ecS INFO one as ais, tr, r,.lt p. 4ruuir.
and dr,mfs, such clerks. managers. and. other
may Justify or the cuisines, of the corpora
,r,.t NAV r,g-f~r The tenure Of 1r.I-- Il l.T
.g. c-uployrcS Of the C1rp1rlti.n shall De
during the pleasure af the Board u D.-.c-
toy, ANY IF The directors shall nav. the
right - tup1iut bv written Instrument. m.
other ds-r..,- ny Stakeholder p, ..-- MS his
p-rxy and IN his stead III amy aud al -rr.,
f~r, Of the BOARD IF Director,
,prIrtE VI ..,-rt.ri.-- hill $1,000,
HI - ~, IL. ~ Wv.
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49, -, . "'..S ~. ..N .l'' ~. '.' '..'
''I eAai' any mere loi''h't'N o., KS '. a.
u,@l,.," ~ .'e -'''Ss' ~ 'g"'.' 'gIE rs
80. 49,. ~. "a O\P''."~ " - '''.'-'
- any L.'''tl'E ''E '"', ''S Hhi''h ''''''>-
'"' w. "a. S.'" g -" ZIG" "1 "'.''
ARTICLE \ll-lLfS art ut Iut1rpNr4t ion
corporation may be dissolved, wi.l the rs
sent OF the stockholders owning tW0.,hlrI,
OF all the stock Of the corporation at a gen
eral meeting convened for that purpose, and
after at least ten days written notice Of
this meeting has been given through mail
addressed to each sharcholIer at his last
| known place OF residence. In case OF dis
solution by the expiration u this charter 10y
otherwise the stockholders shall glec, three
liqudatorS from among their number. tn DE-
quidaie and settle the business and affairs
| ot the company. In case OF death or dis.
| ability Of any one OF said commissioners yr
! lquldltors, the survivors Or the remaining
! hquidators, shall appoiu: a successor %
/ h'm The SAID hquld1torS shall have full
/ power to settle said company, affairs, CD
er;y, Pay its debts, and divide the remain
| ing money and property among the stock
holders. They shall also have power to meet
ana act under the bylaws OF the corporation
and under regulations to be made by ma
JorIty OF said llquIdators; 10 fix the price
| and prescribe the terms and sale Of said
| property. and the manner in which the sale
! shall be made, and take notes and bonds Sc.
/ cured by mortgage or otherwise, for part OF
the, purchase price for, all or any part OF
| SAID property, provided. however, tina. the
rights herein conferred upon the liquida-
! tors may be modified, changed or denied. by
a majority OF the shares OF the c1Pital stock
/ Of the expiration. The said lqudators shall
| have authority to sue for and recover the
| debts and property in the name Of the cor
and they shall be liable in solido TO any
! creditor or stakeholder for the monies and
property OF the corporation, which shall come
to their hands or possession as liquidltorS
! and Tor. the proper application and distri-
| button thereof.
ARTICLE Nlll.-Philip FGto, whose post
New Orleans, La, has subscribed to fifty