The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-07-15

N.it,on ooiigations, and the same to secure.
whenever deemed proper, bv mortgage or
pledge. as the case may be, of the franchises
ana the property, real and personal. incomas
revenues, contributions and receipts of sa;S
corporation, and payable in suon amonnts
upon such terms and conditions, and at snrb
times and places, the whole as the BOARD Of
Directors may direct or designate, with
pomer 70 sell, p.iedge or otherwise dispose of
said bonds aud written obligations as saiJ
BOARD OF Directors may deem proper and
~expedient. P u
ARTICLE ".
The Capitol Stock of said corporation IA
ereby fixed at Twenty-Five Thousand
Doiiars f$2o.0OO) represented by Two HIM.
urea ana NIFTY shares of One Hundred Dol
lars each. to be paid in instalments not az.
eeed,ng ten per cent per month on the cali
have been subscribed for as follows. to:wit
Leon Godehaux. 209 shares. ed
ward GOdchaux. 10 shares. 3.-CbarIes
Godchaux, 10 shares. 4.-Pau. l.. Godcbanx.
~ shares. 5.-Albert Godchaux, 10 shares.
b.-Alexander Theriot, | share.
Ihis corporation is authorized TO dominance
business immediately after the signing of
these presents by the appearers aforenamed.
No share OF the said Capital Stock of this
corporation shall be transferable. excent on
the books OK the corporation. nor until the
certificate of Stock shall nave been deliver
=" ~ thC NOkpULhtlOud anu July cdnEeI9d.
ARTICLE v.
The control. management, direction of af-
lairs, anu all powers of said corporation.
shall be vested in and exercised by y Board of
Directots, composed OF Three stockholders
owning each 1t least Ten shares of the stock
Of said corporation said Directors to be
elected annually on the First Mondav Of
June 1894. Each Stakeholder representad
IN person or by proxy at such meeting, shall
be entitled to one vote for each share Of
stock owned by him. Notice Of su,h meat
ings shai! bs published twice, during two
consecutive weeks, in any newspaper pub
iished in tho Parish Of Lafonrche, i'm
mediately preceding such election, Said
election to be held at the Office of the cor.
poration, uncer the supervision of Two Com.
missioners to be named b. the Board of Di-
rectors, and tho Three stockholders receiving
the highest number of votes shall be de-.
clared elected. Failure to hold an election
on the day specified shall not dissolve the
corporation. but the Directors in Office shall
hold over until an election be held after
notice OF the time and place be duly publish
Ell as above provided for.
The Directors shall elect from their own
humber. at the first meeting after their own
ei ction, u President and q Secretary aud
! t~tasurer, who shall serve for one wear or
until their respective successors are elected.
Two Directors shall constitute a quorum
for the transaction of business. Vacancies
occurring in the Board of Directors, and all
other vacancies. shall be filled for the un-
expired term by the Board Of Directors.
whether = quorum remain or not, from
among stockholders possessing all necessary
qualifications as above provided for.
The President shall have the power to an
point from time to time, or dismiss at pleas
ure, such Clerks, Agents or Labocers, as
may be deemed necessary for the purposes
and painaa asf au:t
ARTICLE VI.
The following named persons shall consti.
tute and are hereby named and appointed
the first Board of Directors, viz
III Leon Godehaux. ~ Edward Godchaux.
AND t3) Charles GOdchaux. with Mr.. Leon
Godchaux as President, and Charles Col
chaux as Secretary and Treasurer. They
shall hold office until the first Monday M
June. 1894, or until their successors are duly
elected.
ARTICLE VII
No stOckhOIuer shall ever be held liable or
responsible for the contracts or faults of said
corporation in any further sum than the
unpaid balance due to the company ON the
shares owned by him nor shall any mere
informality in organization have the effect of
rendering this Charter null. or of exposing a
amount of his stock.
ARTICLE VIII.
This Charter may be amended, altered or
modified, and the corporation may be dis
solved, with the assent of the stockholders
holding Three-fourths OF the stock. at "A spe-
clal meeting to be called tor the purpose,
either by the President, or Board of Direc-
tors, or by stockholders holding IA majority
OF the stock. The said meeting shall be
called after ten days previous written notice
given TO each stakeholder, which notice shall
Aknkn %hA ~ 80 49,
date and hour when and the place where to
he held. provided the place shall be in the
Parish where the corporation has its dOmi-
ellie.
ARTICLE TX
When this corporation is dissolved, either
by limitation or otherwise, ITS affairs sh all
be liquidated by Two commissioners TO be
appointed tor that purpose from among the
stockholders. by the Board of Directors, and
said Commissioners are hereby vested with
full power and authority to sell aud DISPOSE
OF the assets and property, Doth real and
personal, OF saiu corporation, whether at
private or public sale, and to convey full
and complete title thereto, and to do and
perform all acts necessary, useful and prop
or to fully and completely liquidate the at
fairs of said corporation, and with power to
apply proceeds to the payment of The debts
due by said corporation aud to distribute
any, net proceeds, if any, among the stock
"o'"oae ia'aoiy 6hu proportiouaUoiy TO the
amount Of shares owned by each.
Thus done aud passed at my office ID the
City OF New Orleans in the presence of the
aforenamed witnesses, who have subscribed
their names hereto, together with the ap-
p~earers. and Inc, said Notary, on the day and
in the mouth aud year first above said and
written.
fOriginal igned j
LEON GODCHAUX.
ALEX. THEREOF.
CHARLES GUDCHAUX,
PAUL l.. GUDCHAUX,
per pro EDWARD GODCHAUX.
PAUL l.. GODCHAUX,
ALBERT GODCHAUX.
GI7JJPAI-IT