The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1876-03-04

stockholders, in amount, think
proper to increase th. capital
stock to the sum of thirty five
thousand dollars, also III shares
of twenty FIVE dollars. The pay.
ment of each share in this corpo
ration shall be as follows Five
dollars per share on subscribing,
and for the balance of their sub.
criptiOn each stakeholder shall
furnish his promisory notes made
to the order of the President and
Directors of this corporation, ,paya
bic at the Recorders Office Of this
Parish, at three, six, nine, and
twelve months after the date here
of, at the rate each of five dollars
per share for The amount Of shares
he or they shall have subscribed.
The non payment of any such
note for fifteen days after its ma
turity, aud demand, therefore
shall cause such shares to be for.
felted for the benefit OF this corpo
ration, as well as the instalments
previously paid in.
The election OF the Board of
Directors shall he held by three
commissioners to be appointed
by the first board hereinafter
mentioned, at the Office of the cor
poration, Oh the first Monday of
January, eighteen hundred and
Fifty seven, between the hours
of 10 o'clock \. NJ, and 9 O'Clock
p. NJ; at which time also three
commissioners of election shall
be elected for the ensuing cleo
ton and thereafter the election
OF the Board of Directors and of
three commissioners shall be held
at the place above designated,
and between the hours just above
mentioned, OH the first Monday
of January in each year.
The management, control and
supervision of the affairs of this
corporation shall he cOnfided to Il
Board Of Directors, to be cOmpOs
ed of five stockholders, to be elpc
ted annually as above described.
by the stockholders in person or
10y proxy, to the plurality OF votes
in amount. at the tilre and place
above met i,ue.l. On their first
meeting, the Board of Directors
elect shall, from among their mum
Der, elect one who shall be the
"President of the ThibOtlaux
Bridge Company" The President
shall keep Il correct record OF the
proceedings, business, transac
tons, accounts and affairs OF this
corporation, as we'll as Il fnll ac-
count OF it's receipts aud expcmdi
lures it will also be his duty to
collect all toll bills, and pay out
all moneys that may be due, just
ly aud lawfully, for the construc
ton, repairs, and expenses of the
Bridge he shall also make and
exhibit a full statement of the
concerns of this corporation, ,mate
ND semi-annually to the first Mon
days of January aud July in each
wear, to be submitted at the semi
annual meeting of the stockhold.
ers to be convened by him, and
held at the Office of the company,
on the second Mondays Of Janua
ry and July in each year. For his
services he shall be entitled to re-
ceive two and a half per cent, Oh
all moneys paid, except dividends
paid to the stockholders.
The board OF directors shall
give the contract for the building
/ Of said bridge, together with the
machinery, implements and ap-
purtenances for working the same
to the undertaken or undertaken s
that will make the most advallt;
geous proposals as to the price
and who will offer the best secu
rites for the performances Of hi'
or their contract.
The board OF directors shall
make a set of regulations and b.
laws for the government OF th'
business OF the corporation, ant
the same. amend or repeal. rs t.
the majority of them shall seen
best for the interests of the cor
poration /; provided the same h'
not inconsistent with this act ant
the laws by which this corpora
tions Is created. They shall ais
have the right OF electing a secr'
tary and any other necessary o
ticers for carrying OH the busines
Of this corporation, remove then
at pleasure, re-elect Others, AM
at any time dispense with til
services Of any officer or officer:
The books of this cOrporatiO
shall at any time be open to an
of the stockholders that may de
sire to examine them.
The first Board of Director
shall he composed Of iona {
White, p. H. Gary, Leufroid Da
| -; Yo,,,,c A SouIInr nn6 Hnur