The herald., 1919-02-27

of louisiana to an amount not to exceed
Two Hundred Thousand and no/l0O &c.,
0OO0O Dollars.
ARTICLE V.-All of the corporate powers
of this corporation shall De vested in and
exercised by a Board of Directors, COM
posed Of not less than five 81 nor more than
seven GD, three 90, OF whom shall con.
stitute a quorum Tor the transaction OF
business The Board of Directors Of this
corporation shall be elected annually at a
meeting Of the stockholders on the second
Wednesday in January OF each year. Unit!
the second Wednesday IN January, 1921, the
following persons shall constitute the Board
Of Directors OF this corporation, to-wit: Fer
dinanz Katz Allen II. Johness, Francis D.
Charbonnet, Jr., Otto ]. Mayer, James Flotte,
with Ferdinand Katz President; Allen II.
Johness as Nice-President and Francis ID.
Charbonnet, Jr., as Secretary All
elections shall be by ballot and each stock
holder shall be entitled to one vote for each
share of stock standing in his name on the
books of the corporation. the vote to be
cast either IN person or by proxy, and IT
shall require a majority Of the stock present
or represented to elect. The failure TO elect
the Board OF Directors on the day specified,
or thereafter. shall not dissolve or effect this
corporation, but the old Board OF Directors
shall remain in office until their successors
are elected and qualified. The Board Of
Directors al its first meeting shall elect
from among its number a President, a Vice
President and a Secretary and Treasurer,
and the latter two offices may be combined
into one. Any vacancy occurring in the
Board of Directors, either from death, reSig-
nation or inability 10 serve, shall be filled
for the unexpired term by the Board Of
Directors at its next regular meeting No
tce Of all stockholders meetings shall be
gwen by the Secretary Urea Surer in writing
and mailed 70 each stockholder at his last
known address at least fifteen G5 days
! prior 70 the date Of such meeting or election.
| ARTICLE NI.-Ghis act oi Incorporation
may he changed. modified or amended. or
the capital stock increased or decreased, in
accordance with the laws Of the State Of
/ Louisiana. \ change in the objects and
| the capital stock in excess OF the amount
originally named herein as the sum T. which
/ the capital may be increased. ard III. COM
Ipany dissolved in accordance wisl I'll.
/ laws Of the State # Louisiana In ease ot
! dissolution or termination II this Charter,
either by limitation or otherwise, is al
/ fli-s shall be liqujdatti by three nquid--
/ tors selected by the stockholders at a gen.
eral meeting held as lereinabovc provided
! for. Said commissioners shall remain in
office until the affairs Of the corporation
shall have been fully lqudated and in case
OF death resignation or incapacity Of one
or more of said liquidators the survivor O,
survivors shall continue to act
! ARTICLE VII.-No stakeholder shall eve,
| be held liable or responsible for the contract,
or faults Of this corporation on the shares
any iniormality in organization have
the effect of rendering this Charter null
| or OF exposing its stockholders to any LA.
blity beyond the unpaid balance, if any, due
on his stock.
may also serve as the original subscrip
! %, o,.,,re;t So ,,..-,a- - ,,,.,,I. -