The herald., 1921-07-21
CHARTER.

and alter at pleasure; to hold, receive.
lease purchase, sell and convey, as well
as mortgage and hypOthecate, under its
corporate name, property, both real and
| donation, purchase or appropriation; to
borrow and lend money; to give and re-
ceive securities therefor; to name and ap-
point such managers, directors, OIilcers
and agents as the interests and convent
epce of said corporation may require; to
make and establish such bylaws, rules and
regulations as may be necessary ana
| proper; to prescribe in said bylaws, rules
and regulations, the way, manner and
form of entering into and concentrating
contracts, and the same TO after and
amend at pleasure.
ARTICLE vI.-An the corporate powers
of said corporation shall be vested in, and
all it's business and affairs managed and
directed by a board Of five directors, who
shall be elected annually on the first
Monday in February Of each year, COM
mencing with the first Monday in Feb
ruary, 1902.
The directors shall hold their office for
the term of one year, and until their sue
cessors shall have been duly elected and
qualified The Board of Directors shall
at their first meeting elect from their own
number a President and a VicePresident.
They shall also elect Secretary and a
Treasurer or one person to act as both
Secretary and Treasurer, and Manager,
any or all Of whom may or may not
be members of the Board. The Board
may from time to time name and appoint
all such other officers, agents or en-
ployees as may be deemed necessary for
the purposes and business of the corpora
ton The Board shall have power to fix
the compensation and define the duties Of
every officer and employee and all Of
ficers and employees shall hold office and
employment at the pleasure Of the Board.
In case of vacancy occurring on the
Board, from death, resignation or other
wise, the remaining members shall fill
the said vacancy until the next election.
Each member of the Board Of Directors
may, in writing, appoint any stakeholder
Of said corporation in his place to repre-
sent him at any meetings of the Board.
which said appointment shall be in writ
ing and spread upon the minutes Of the
Board. and which said appointee when so
appointed shall have and exercise such
powers and privileges Of such director as
may be stated in the proxy. Three men,
bers of the said Board Of Directors, pres
ent in person or by proxy, shall consti-
tute a quorum. The management, control
and direction of said corporation shall
and regulations to be adopted by the said
Board Of Directors. Failure to elect a
Board of Directors shall not have the
effect of dissolving the corporation.
ARTICLE IX.-This Act of Incorpora-
ton may be modified, changed or altered
or this Corporation may be dissolved or
the capital stock may be altered in accord
ance with law at a meeting of stockholders
called for the purpose after notice shall
have been given in writing to each stock
holder delivered to him in person or mail
ed to him at the post-office address desig-
mated by him in writing at least fifteen
days prior to the date of the meeting I'M
less other notice be prescribed by law in
which event notice shall be given in con-
formity to law.
Thus done and passed, at my office, in
the City of New Orleans, on the day,
month and year herein first above written
in the presence Of Messrs. J. T. Remley
and Eugene Thorpe, competent witnesses,
who have hereunto signed their names,
together with the said appearers and me,
Notary. after due reading Of the whole.
Witnesses: J. T. Remley, Eugene
Thorpe.