The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-14
CHARTER.

and alter at pleasure; to hold, receive,
lease purchase, sell and convey as wei.
az mortgage and hypOthecate. under us
cornorate name. property, both real ana
UorsonaI. TO acquire rights of way, by
donatIon purchase or appropriation, 10
horrow and lend money; to give ana fe-
ceive securities therefor; to name ana ap-
point such managers, directors oLilcrtS
and agents as the interests ana cohVehl-
anca Of said corporation may require; TO
make and establish such bylaws rules- anu
regulations as may De necessary anu
nronqr: to prescribe in said bylaws rules
and regulations. the way, manner ana
form of entering into and concentrating
contracts, and the same to alter ana
amend at pleasure.
ARTICLE VI.-All the corporate powers
of said CORPORATION shall be vested in, and
ALI its business and affairs managed ana
directed by a board of five directors, VINO
shall be elected annually on the nrst
Wnndav In February of each year. com
mencing with the first Monday in Feb
ruary, 1907.
Tho directors shall hold their office for
tho term of one year, and until their sue
cessors shall have been duly elected ana
onaIified The Board of Directors shall
at their first meeting elect from their own
number a President and Nice-Presldent.
Tbev shall also elect a Secretary and a
| Treasurer or one person to act as both
Secretary and Treasurer, ana Manager,
any or all of whom may or may not
| ha members of the Board. The Board
nav from time to time name and appoint
| Ali such other officers. agents or en-
| ployees as may be deemed necessary TOT
| the purposes and business OF the corpora
| ton. The Board shall have power TO Tx
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
i. case of a vacancy occurring on the
Board, from death. resignation or 0th ei,,
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 stocKholuer
| of said corporation in his place TO repre-
| sent him at any meetings OF the Board.
which said appointment shall be in writ
ling 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
NAV be stated in the proxy. Three mem
beers of the said Board of Directors, pres
ent in person or by proxy, shall constr
tute a quorum. The management, control
and direction of said corporation shall
be fully prescribed in the bylaws. rules
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 OF
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 fifteer
days prior to the date of the meeting IN
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 writer
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.