The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-05-04

Ot00E 000OIUI0Ax9 0WS06 Oh t0& C0I0Qx3kl0A.
The treasurer shall be the custodian Of TIE
funds Of the Corporation and the dtsbursinG
agent thereof. He shall keep his once 81
charged with keeping the books ana records
OF the Corporation.
ARTICLE EIGHTH.
No stakeholder shall be obliged to pay, OF
be res for any sum beyond the
amount OF his subscription, and he shxil be
subject TO no further call and shall, in NO
poration. All creditors must look to the cor.
porate property for their demands nor shall
any mere !~nforinality in organization have
the effect OF rendering this Charter null D.
exposing any stakeholder to any liability b.
yond the amount OF his subscription.
ARTICLE NINTH.
The revenues of this Corporation at the end
each year, after the payment Of taxes, re.
pairs, debts, and such other needful outlay
or reserve, as may be deemed by the Board
necessary, shall be div ided pro rata among
the stockholders. This pro rata distribution
exception The Beard shall enter into a con-
tract with the in"orporatOrs herein named,
Wit: with the planting firm OF TROSCLAlR
LFvERT s MORvANT, and L. D.. WHITE, BY
which said planting firms and said subscriber
shall become participants in tfe
profits OF the Corporation, upon the basis Of
syrup furnished by the said firm and sub
scribers for granulation, 80 that up to a given
extent, the said parties shall be participants
III II pTOutS OIL SllN SYRUP. Int OOJCCt VI
this stipulation being to make the said par
ties, up TO a limited extent. mutual partiei-
pant in the profits. o, the Corporation. The
contract made by the Board OF Directors 70
to be ratified by the unanimous
vote OF the stockholders, and be binding upon
the Corporation.
ARTICLE TENTH.
At al! meetings OF the stockholders, n ma
lority shall constitute a quorum.
ARTICLE ELEVENTH.
1t shall not be lawful for any stakeholder
to dispose OF any share or shares OF the Capj-
tai Stock OF this Corporation, without hrst
o1ering his shares or share to the said Cor
poratiOn, and giving it the preference Ofpur.
chasing the same at such price as may be
offered by any other party; and only upon
the refusal Of this Corporation to purchase
the same, will the transfer OF such share OF
shares be authorized tosbe made upon the
books OF this Corporation.
ARTICLE TWELFTH.
No transfer of stock of any stakeholder
shall be valid. as long as he is indebted unto
have q lien upo the stock of each stOckhold-
er, for any debt due by him, or the arm OF
which he Is a member No stock shall be
Company, and no transfer shall be binding,
unless entered upon the books Of the Cofpo-.
ration.
ARTICLE THIRTEENTH.
This Charter shall not be dissolved. Altered
or amended, except by the unanimous n
sent OF the stockholders. -
ARTICLE FOURTEENTH.
Whenever, this Corporation is dissolved
either by limitation OF its Charter or fru1k
any other cause, its affairs shall be liQuide1t
ed by three commissioners to be annOinked
from among the stockholders at q generaa
meeting thereof, convened. after ten (143
days prior notice to the stockholders, "
o tssee Of q The sns,e aspaess; ap pab ~ Rs1li in Thipn =
daux, in the Parish Of Lafourche. The sAtd
liQuidatinge commissioners shall remain In
e%cs T aeu said iaf iiau alhst,ons sh a,i 1 not e a'ssnas se,
a longer period than eight {8) months. Any
vacancies in their number to be filed by q
meeting of the stockholders to be called tor
that purpose.
ARTICLE FIFTEENTH.
The Capital Stock of said Corporation here
inabove referred to, is subscribed as follows:
Want. thirty:six (ssl shares of Five
Hundred Dollars ($500) each $1,000
The planting firm Of ~TRoSCLAIR 4 RO-
BIcHAUX, thirty,-six shares 1857 at
Five Hundred Dollars ($500l each $50
4. u. WHITE, thirty-Six (36) shares Of
Five Hundred Dollars ($SOoj each Sla,oos
Total, Fifty -Four Thousand Dollars, $40 o
THUS DONE \ PASSED. in my Notarial
sence Of THOMAS BEAKY and ALBERr
WEBER, competent witnesses residing in
together with said parties and me, Notary,
on the day and date set forth in the caption
hereof.
sixth, page 4, approved before signing.)
OxIGINAL SIGNED:
+. G. ROBICHAUX,
L. A. TROsCLAIR,
T.. II. WHITE,
| j. r. LEVERT,
EMILE U. MORvANT.
WITNESSES:
THOS. BEARr,
! ALBERT WEBER.
J. NUMA ACGUsTIN,
Notary Public
by certify that the foregoing is a true COPY
OF the original act OF record in my ONCE.
IN FAITH WHEREOF, 1 grant these pre-
sents under my signature and the impreee oi
i issa. olae'a' SEAL '0'' n'n'n d's OF APRIL A. D.
NUMA AUGUsT1N,
Notary Public.
| 1, the undersigned Recorder Of Mortgages
in and for the parish Of Lafourche, State Of
Louisiana, do hereby certify that the above
and foregoing act OF incorporation Of 1.-THE
! day duly recorded in my Office in book-foIjs
Thibodaux. April "a. 4; p: 1888:
Deputy Clerk and Ex. oiicio Reeordef q
Mortgages.
LIE FRANCO-AMERICAIN
de New York.
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postalo
168 Parl Street, New York.
Et vOils rrcevrex deS nnm6rOs ep1-
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