The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1881-06-18

be authorized TO elect IL president. vice
president. treasurer, st cretary anu such
other officers and employees as they may
deem proper, the first W OF wholn snail
be OF their own number. The sald board OF
! directors shall prescribe and regulate the
compensation and duties OF the several tiu-
ptoyets. and said directors tnay make ami
use u corporate seal, and enact such by
laws as they may deen. necessary AMI prop
er, provided no salary be given to any OF
The officers Of the colpeEatioi!.
ARTICLE ".
The president OF the corporation or in his
absence the vice PRESIDENT, or III. the Alb
seliee OF both. either the secretary ur the
treasurer, shall be the proper officer ui,on
whom all legal process shall be served
ARTICLE V.
Tie first beard Of Directors shall hold
office for the term ard period Vt twenty
mouths, say 20 the first Monday Ill lectni-
Der 1879 and thereafter uAtil their success
surs are elected and qualified; and sid
first board shall consist OF Hudson ". Ia
Dor ST.. kiclnnond a.. Frost, J. Louis -Au-
eoiai, JOSEPH. l.. Webre, Ozeine Naquin. Cy-
prkn Azem... Robert r. Nc Era!a, siIas /.
.irisluA:e, Jose III I. IAiboiaux of whom
Silas I. nri>aulore shall be ,Pr-rhlent. Rot
ert K. Mcbride, Vice President. j. iIon,- An
coin, Secretary and Cypricn Aze.ha, Treas
lrcr.
Any five directors shall coIa:i! ut" u quo
rum. IT any director shalt ct:Se To la u
stakeholder dulllig his term nj etl:ce tho
board sha!! declare his position fac,t";. Oh
i'll the eseEt OF the death, permanent .h-
sence ocles: .latieIof any director .. elk er
The t"ard shall ltve authority t. I'LL Tie
vacancy,
ARuIE VI.
At the regular s.s~;t Il t. bs leist ia NJ
! ycl,,t4ar ms .fr,i .4,Jt;ItL.v= .i,nstrN VI,
tie saint meath. sht $40 .i,o ,ic.S sA..!t H.,
ballot, elect uln. 81 Z 7ir .uria 5urs nho
shall euH>tifn ute 4 ho.trtE e ifr.rrters, uan
shall tlke@;itt.r pssitlt.;lS -. tir I'm: Men
day OF l;eetn.'er, ahi hos: tp-.r ,t..ccs IL.
Que yea. until their srcgrssess ace elected
AMI qua i ii.
ARTICLE VII.
The araount cf the capital s,ne:, shall II,
Ten ,:lrusnnG ~,;aiia:s ts,J J.1} .iiviit.; no
Oh. shousauA lt0Ut) si,ar, o1 ten dollars
tslo.Nij ea.}- twenty tte per ceh, E .a.h
| Subscription shalt 1t payable smn..iia:-lv
upen i,sis. snireriss i for. srI Tar Ii. b.
aice, Subscribers >ssal! i,>ss.- tj,e.s i:,tes
eacl. t"r twenty i've itC c.'t ci :t'c:r sab
ser!f,.on p'1a"i' ia t~o, tuur aad sly
| Inul.tt , i.SNtt1ist.y u!trr tiic date Of thu,
eub>riit.ti.i.
TIA corporation slia!; h-giu operators IS
soon Is t,H hr&i'i;s3 -a1l i.'y shares Vi lii"
eal TIA. steel sia".t te subscribed Ter.
M st. hlnAltr sh.il ever be iiais,t. frt
tie eh.,tr~cts q. ,attitS ct this Corporation.
III an; fHIiitsr sah4 than Inc a.nn.I,t Il
Shares ct the sex that he may OWL t.se (
IL; tini su | a:.E I!yte it.uiuna.ity II, o.
ganlbttl Il ."Ne the ttt:tI ~ IL i!tivr:mu shi>
act -: iieur, ~'"fHtiur nall ~ >x,msi:y Az,
stsc:.ii",Hcr II ANY liability It vcI,t tne
amount o. nclsaId i~a;lncu tue upon lis
stock.
ARTICLE. WI.
The privil :" IS reserved 81 in rtas,n.
tue capitol s.ncs ot tiir varpnatian 10 >tci,
antnunt rs Il" >fM a:...t,ic:> NAV ,iv:-rmtrc
prAbtr. Nv / ~" :! :r.ia v";t vi the entire
stork. ;t:er tHj;tN 'tt,, Bate. eth = by
advertisement n s,a.t- 'ra aiaper I.:ii,t .>ii,h
IN the :cvn y. Il, tuiaHN. a by ns,si;.s .i-
dressed IA t..c ) q, Aitoli4tS ana Halted
thirty da, : ,rtol - i!ae ~L.ertlns tex that
p1rrusc.
Au1ICi.!. a.
Shoali any e.tbscr:ir t,.t.Sa or neglect
IL r,v hGs Il tIc:r i4$;.itucHts as ti...
Same fails tlir III, rest at iht rate tf ,igh,
pr cen. rr antri,in SHAH !r "i,te,l Il ereto
trum maturity ti-ai! h;-:.l Payment. AM.
il any suh$cti:;eg n~.rltcts oI refuses 10 ,.ay
his or t'l.ir i~i>;a)l'n- IT M;,Ai, thirty DAYS
after the >ltt.icsi lime ri r'yntnt. the
stock of sail ,!"Iiiigtitit shall lie deemed
abandoned ~ ttt subscriber and fnni. tied
to the Company. as we'll as any paw EMS
that may have brca made thereon, CT the
Board OF IiE.t ,as> as,ali iiave tie right to
eo,Ipsl, by suit, the payment Of s;.rI, i'll
staIiEicI.s is the beard i..ay Gev.n ~ai.yis;i-
bic.
AaTIrLE Y.
Eaci, e:ta,r u. stock. shall le ~cuti.lctf to
one vet. at anl me. thS "f Stockholders .:
The cnu4ra"y y, d .ia he asst either in per
sou OF by pt.Sy III writing.
Should sta. li.p's.t!S TAI! 20 elect dirfr.
, - -. .--
company sh.i4i act be thereby dissolve
hut the t't,Sit!cl: hall c:.ns. another 81: C
ton 10 be tt-''i within tea days. thereafter
giving iae public ~rnt;Sr ;hrrcut.
AHfi In u.
70 dividend dtci"icsi S,siEi bear interest
and aiy ii. idr,,:i u r,lanf,t Ter tie ten,
Of thre. v,.i> tenn ll!r .iitt .frrlaic,|. si,ai
he forfeited To the cuHara;:v. hi rr tia i'll h
~Iicatiol ii The same ut.rt /. we K :ur fcu,
weeks Successfully. Wherever .i>:dcnt
is called i"r alter being thus advertised
the party entitled to it Shall pay COS; OF II
vert;s.ng.
ARTICLE XII.
This corporation si,;,,l or may hr lissnl,
ed at a general elcltii. convened Tor tina
purpose, after thilty days nntice IN a new
paper pIbiisheI ia this city. " hy notice
addressed ~ The Stockholders ami mailet
thirty days pritr 10 the mcvtin. i.r tia
purpose. with the assent Of two III Ius o
the entire stock oi the company !; and il
the event of the dissolution. whether pri
yate OF at the termination vi this charter
the liquidation OF the affairs Thereof shall
be conducted by three commissioners elect
ed by ballot at a regular meeting II til
stockholders convened for that purpose. iii
commissioners thus elected sl.ail ut ctc'
proceed to settle and wind up tie bushes
Of the corporation, sell OF cthcrwi>r,'i>,,o>
Of its assets and after pa ing its l~ialiiitie
distribute the excess pro rata ;sDtoi:s til
stockholders.
Thus done and passed. on tie day. mtsti
and year first above written at MY ,tict
in the Townof T~hil,cdaux.
Ia faith whereof the parties. MilEcsse
and l the Deputy Clerk, have signed thea