The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-09
CHARTER.

board of directors shall have power TO re
ceive subscriptions for all stock not sub
scribed for herein and to issue the same
upon the payment as aforesaid. but all
stock must first he offered to the owners
of stock at the time Of such issuance in
proportion to their respective holdings.
No transfer of stock whatever shall be
binding upon this corporation until and
unless made upon its books. The capital
stock of this corporation may be- in
creased to two hundred and fifty thous-
and (s250,O 100000 dollars.
ARTICLE V-An the corporate powers
of this company shall be vested in, and the
business and affairs shall be managed by
a board of four directors to be elected
annually on the first Monday of January
each year. All such elections shall be
held by ballot at the office of the COM
misSioners appointed by the board of di-
rectOrs.
Notice of such meetings shall be given
by the secretary in writing, delivered TO
each stakeholder in person or mailed TO
his last known address at least five days
prior to such election : but this notice may
be waived by all the stockholders.
AT all elections and at all meetings OF
the stockholders, every stakeholder shall
be entitled to one vote for each share OF
stock standing in his name on the books
OF the company at the date of such cleo
ton or meeting: said votes to be cast in
person or by written proxy, and a major
ity of the votes shall elect. Any vacancy
occurring among the directors from any
cause shall be filled by the remaining di-
rectors. The failure to elect directors
at the annual meeting shall not dissolve
nor affect the corporation, nor impair its
management in any respect, but the di-
rectOrs in office shall remain in Office I'M
til their successors are elected and quail
fed.
The board Of directors shall elect as
soon as possible after their own election.
from among their own number a president
a vice president, secretary and a treas
urer.
to time name and appoint all such officers,
agents. servants and employees as they
may deem necessary for the purposes Of
the corporation. They shall have the
power TO fix and define the duties of every
Officer, agent. servant and employee. All
agents. servants and employees shall
hold Office at the pleasure of the board of
directors, unless otherwise specified by
contract. The board Of directors may
make and establish, as well as alter and
amend all bylaws, rules and regulations
necessary for the management of the bust
ness and affairs of the corporation.
Thus done and passed at my office, in
the City of New Orleans, State of Louis
lana, in the presence of Messrs. Eldon
5. Lazarus and George W. Simons. COM
petent witnesses, who hereunto sign their
names with the said appearers and me,
notary, on the day and date first above
written, after due reading of the whole.
Witnesses: Eldon s. Larazus, Geo. W.
Simons.
ORIGINAL SIGNED):
LEO s. WE'LL, President.
WALTER Il. MOSES. Vice-President.
HERBERT s. WE'LL.
Notary Public.
1, the undersigned, Recorder of Mort.
cages, in and for the Parish Of Orleans,
State Of Louisiana, do hereby certify that
the above and foregoing Act Of Amend
ment Of The Engineering Sales Company.
Inc, was this day duly recorded in my
office in Book 1868, Folio Ill.
New Orleans, La, March 2nd. 1922.
(Signed): ROBT. SCOTT,
Deputy Recorder.
A true copy:
HERBERT s. WE'LL.
(SeaD: Notary Public.
Mch. 0-Apr. IL