The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1881-08-03
the whole amount being i've hundred

/ The whole amount being i've huudre,
shares.
| ART. 4. No stakeholder shall bella
Die for.any debt of said corporation he
You'd the amount of his subscription
| ART. 5. The powers of this corpora
Ition shalt be and are vested in Pres
ident and Board of Directors, consist
! ing Of six stockholders, who shall be
elected annually on the Is. Monday OF
February of each year, by majority
of the stockholders, and each stock
holder shall he entitled to as many
votes as he owns shares of stock paid
up.
ART. 6. The President shall he cleo
ted by majority of the votes of the
Board of Directors, at meeting held
for that purpose, on the srcond Mon
fday of February of each year, at
which time shall also be elected by
the Board of Directors, Secretary for
said company, whose duties shall be
defined by the board of Directors.
ART. Z. The President shall preside
at all meetings of the stock holders
and Board of Directors. All contracts
and evidences of debt shall be signed
by him. In the event of his absence
or inability to act from sickness or
otherwise, the Board OF Directors shall
select one of their numbersto act as
President pro tempore, who shall,
while acting, exercise all the powers,
rights and duties assigned to the
President.
ART. s. Said company shall have a
corporate seal, the device to be fixed
by the first Board of Directors under
this charter. Can sue and be sued,
can buy, sell or lease real estate, per.
sonal and movable property of all
kinds whatsoever, can grant and take
mortgages, issue promissory notes,
whenever the same is authorized BY
the Board of Directors.
ART. 9. The first Board of Directors
shall be N. L. McGinnis, William Hust-
myre, Simon Cullen, Julius Levin,
Jas. S. Fish and W. f. Blackman, and
they shall continue in Office until
their successors are duly elected and |
qualified as provided tor by this char
ter. The first Board of Directors shall |
meet on the second Saturday of June,
A. D. 1881, and elect a President and
Secretary.
ART. 10. This corporation is formed
to exist and continue for the period of
twenty-five years from the date here
Of, unless sooner dissolved by vote of
two-thirds OF the stock holders at a
meeting called for that purpose, after
thirty days advertisement in some
newspaper in the city OF Alexandria, or
~ operation of law.
ART. IL. In the event of dissolu.
ion of said corporation, by vote of
The stockholders, the President and
Board of Directors shall constitute
3oard 2 liquidation to settle the af-
airs and liquidate the concerns of said
company.
ART. 10. The Board of Directors
hall have the power to elect or ap-
,oint any other officers or employees
hat may be necessary to carry on the
BUSINESS affairs of said corporation, and
hey shall also have the power to pass
UGH bylaws and regulations for the =.
government of it's officers and employ
es as they may deem wise and proper
provided the same are not repugnant
0 this charter or the laws of tho State ,
f Louisiana. II
ART. ID. Books of Registry shall !, n
ept, in which all stock shall be rg- "
stored in thenames of the person ,wn-
,g the same, and allaransfers 4 stock
hall be registered in said box. The "a
oard of Directors shall caua tbe Sec
stary to keep minute box OF all lts z
roceedings, which sh all 'e open at all l.
mes to the inspectio, OF any stock
older.
ART. IA. The stck holders may, at :,
~ r. that s, par nc ss.ter thirty DAYS no
9wspapers polished in abe city of
amend and alter this char
r. proved two thirds in amount of
e sto.s holders agree to the same.
Arr is. The subscription books for
g Ispltal stock of the company shall
opened Immediately after the cleo.
OF the President as above provid.
and all persons who may desire
subscribe for any number Of shares
exceeding fifty.
his done and signed in tile presence I.
ne the Notary Public and,the nm
signed witnesses on the day and
above mentioned. !
n: L. McG1NNIs, y
W. HUSTMYRE. Il
s. CULLEN,
JULIUS LEVIN, u
JAS. S. FISH,
W. F. BLACKMAN.
:. !. h ManTn'} Witnesses.
A true act: us.
JAS, ANDREWS, JR, SI(
Notary Public.
know of nothing contrary to law = +.
God morals in the within act Of in
Grafton, and therefore approve the
.. EDWIN G. HUNTER,
Dist. Atty 18th Judicial District
w F return thanks to the proprie- =
# the Gem, for ice cold lemandes, *
FOR SAFE ~