The herald., 1919-02-20
CHARTERS

poration. The corporation shall begin bust
ness soon as all of its stock is subscribed |
and paid for. The capital stock of the cor |
poration may be increased up TO the of
Five Hundred Thousand (S5O0,0D.OW Dol |
lars
ARTICLE V.-The entire powers of this
corporation are vested in, ard its business |
shall be conducted by, a Board Of Directors. !
consisting OF not more than five 80 and not
less than three (S) stockholders, elected by !
the stockholders at a general meeting TO be
held the 2nd day OF December OF each
year Each share Of stock shall be entitled
to one vote, cast IN person or by proxy, and
a majority OF votes cast shall elect. The
Board shall elect a President, a Vice Presi-
dent and a Treasurer out OF its number, and
a Secretary who need not be Stockholdcr.
and may combine any OF sad Offices and
confer the same on one person. A majority
Of the Board shall constitute a quorum and !
exercise all the powers Uf the Board and
any director may at any time give his pow
er Of attorney to another stakeholder, or to
another member OF the Board OF Directors.
or 70 any other person selected by him, and
in either case the director thus represented
by proxy shall be counted for ell purposes
as II personally present at all meetings of
the Board OF Directors. All Officers, agents
and employees shall hold office only at the
pleasure OF the Board, which shall not have
power TO elect, employ appoint for any
| power 10 make and alter az pleasure all by
! laws, rules and regulations for the conduct
| of the COmpany's business; and also have
manage its real rs,str raE io,s as"t ,, ~
| taxes attend 10 repai-s. and generally -
manage and control the same, but this shall
! be entirely Discretionary with the BOARD
| flee until their successors are elected and
qualified, and failure to elect directors a.
any meeting shall IN no manner affect the
! corporation. Vacancies occurring in the
| Board Of Directors shall lie filled Nv the
| remaining members of the Board bv selection
from the other Stockholders. The Board Of
! Directors shall have fuU no,yr-. yyi,I,nr
reference to the st5ckhoidc-s, to bnv and
| sell real estate at such prices and on si,ch
terms as they see tit and TO issue bonds
mortgages, notes or other Obligations for The
Company and to secure the same by mort
gage and pledge OF the Company's pyoperty.
| all without referring 10 the sto,kh6lders
1 The first Board OF Directors shall consis.
| Of: a. y. W. Taussig. whose postoffce adj
dress is III Wall St, New York Civ: q,
! {. W. Taussig, whose postofiice address is
III Wall St, New York civ; o. W. II
Mason, whose rostoifice address Is III Wall
St, New York City; a. Vim. Lohr, whose
| poStotiice address is IL Wall s., New
! oTk City; 90 Louis Christensen, whose
! poStonce address IS Sugar Exchange New Or
leans. La, and they shall serve until the first
| meeting OF the corporation in December
! 1919, or until their successors are elected
| and qualified. OF these y. W. Taussig
shall be President; c. W. Taussg Vice
| President; w. ii. Mason, Treasurer; VIM
| Lohr, Secretary, and Louis Christianson, As
slstant Secretary
| ARTICLE Vino notice need be given Of
! the annual meeting OF the Stockholders, all
stockholders taking notice of the date OF
SAID meeting from the provisions of the
| charter. Notices OF all other meetings of
Stockholders shall be given by publication
| IN daily newspaper of the City of New
| Orleans for one week prior TO the meeting,
| provided that publication of said notice may
| be waived by the consent Of all stockhold-
ers; filed with the Secretary of the Company.
| and meetings OF stockholders may be held
at any time with such consent. Meetings
may be called by the President, and must
be called by him, at the request of any
| stakeholder. The purpose for which the
| meeting is called shall be stated in the
call addressed by the President to the Sec
| rotary, and the purpose OF the meeting need
not be stated in the az, ertisement; it shall
| be sufficient TO state in the advertisement
| that the meeting is called for purposes stated
in the call on file with the Secretary
| ARTICLE VII.-At the termination of
| this charter, on the dissolution of the
| corporation, affairs shall be liquidated by
commissioner or three commissioners elect
ed by the stockholders who shall have full
power and authority to sell and dispose of
| all the property of the corporation, real or
personal. at public or private sale, and TO
distribute the proceeds.
ARTICLE VIII.-This act of Incorporation
may be modified, changed or altered and
its capital stock increased. or the corpora
| a. l.