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

common seal, upon which shall be
engraved the name of the compa.
ny and the date of it's incorpora
ton.
In all matters wherein a vote
of stockholders shall be taken,
each share shall be entitled to one
vote.
The dividends, If there shall be
any profits over and above the
expenses incurred for building
the bridge aud carrying on the
business of this corporation. shall
I've declared seni-annually. and at
the same time that the exposition
of its affairs shall he made up by
the Directors, but only after the
Bridge has been completed and
ali its bills paid. The directors of
tnis company shall exercise a su-
pervisOry control over all the of .
ticers thereof.
Roards OF transfer shall be kept
by the President tor the transfer
OF stock +; and the certificates of
stock, signed by the President,
and countersigned by the Secre
tary, with the impress OF the seal
of this corporation thereon, shall
be issued to the stockholders.
Books OF subscription tor the
capital stock of this corporation
shall be opened at the Office of
the company, and in all other
places that shall be designated by
the Board of Directors, under the
superintendent of such person or
persons as shall he appointed for
that purpose by the said Board {;
aud they shall continue open from
the date of this act until the whole
amount ofthe said twelve hundred
shares shall have been taken,
when the same shall he clOsed;and
III case any excess of subscription
over and above the said twelve
hundred shares, then such excess
shall be deducted from the names
holding the largest number of
shares, but not so that any one
stockhoItler shall be left with Il
larger number of shares than
either Of those so reduced.
Should il be determined, as
aforesaid, by a majority of the
stockholders in amount, to in
crease the capital stock OF this
corporation, notice thereof shall
, be published at least four times
for one month in succession in
som: newspaper to be designated
by the Board of Directors f; and
! ut the meeting of stockholders at
which such resolution shall have
been adopted, three of the stock
holders in the Town of Thibodaux
shall be elected by ballot, to open
books of subscription for such ill.,
creased stock, which shall be
opened at the Office Of the com pa
| ny, and in all other places that
shall be designated by the Board
of Directors.
That body shall choose per
son or persons to open books and
superintend the new subscriptions;
but the books IN each place shall
not be kept open more than thir
ty days after the expiration of
said months notice ; then, also,
the first stockholders of this com
pany shall have the privilege to
subscribe for and take up all of
the new stock IN preference to
parties not stockholders.
Fifth and last. When the pc
! Rod has arrived for the liquida
ton of the AFFAIRS of this corpora
ton, that liquidation shall be
conducted by three stockholders,
TO be elected by majority of the
stockholders iii amount, and
shall be styled "Liquidating Com
missioners." 1t shall be their duty
to sell and dispose Of the entire
property of the corporation, ex'
cept the bridge, (that shall be
abandoned to the Police jury
of this Parish and to the Mayo,
and Trustees of the Town o1
Thibodaux,) on terms to be fixed
} by a majority of the stOckhOlder,
in amount, at general meeting
they shall collect all amounts
then due to this corporation, anc
after paying all its liabilities, di
, vide the net proceeds Of sale AM
collection amongst its stOckhOlt
f ers, in proportion to their respe'
tive shares, at least. as fast a
enough shall be collected to di.
vide. But in case Of any defici
, in the winding up of the affair
of this corporation, the said Il
, uuilation Commissioners shal
, have full power aud authority t
: compel the stockholders to fill u
such deficit. always in pr0po
y ton to the number of shares q
}. each. t- '
u THUS done and passed in NJ
| - H. Il.