The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-06-24

for the government, support aud manage
| lnent OF the business and affairs of said Cor
poratlon-Said Board shall have the power
and authority to contract debts, borrow
| money. issue notes. bills Of exchange acteu-
tances or bonds, execute mort cages and gen
orally do all things incident to the objects
| and purposes of the said corporation, and
moreover, shall have power and authority to
| issue and deliver full paid shares of stock or
bonds or obligations of said corporation in
payment for labor done, or money borrowed.
or property or rights actually received or
purchased by said corporation.
ARTICLE VI.
Whenever this corporation is dissolved
either by Limitation OF from any other cause
Z affairs shall be liquidated or settled by
oAree commissioners to be appointed for that
purpose by the stockholders of said corpora
ton from among themselves at a general
meeting to DO convened for that purpose by
the Board of Directors or the President. or
by stockholders representing one tenth OF
the stock, after thirty days public notice
shall have been given in one of the newspa
pers published in the Parish of ..afOurche
said commissioners shall remain in office un
I'll the aAairs of said corporation shall have
been fully settled and liquidated. and in case
OF the death OF one or more Of said cGmlnis-
s!oners, the sur rvivOr or survivors shall con-
tlnue to act until successor shall be elected
by the stockholders at special meeting
called for that purpose after ten days adj.
vertisement in one OF the newspapers of the
Parish of La1ourche.
ARTICLE VII.
This act of incorporation may be changed.
modified or altered or said corporation may
be dissolved with the assent of three -fourths
OF the stock represented at any general
meeting of the stockholders convened for
that purpose BY the Board of Directors, or
ftn Al. II.
sentlng One-tenth OF the stock, after thilty
days, previous notice of said meeting shall
have been published in one of the newspa-
pers of the Parish of Lafonrche.
ARTICLE VIII.
No stockholder shall ever be held liable or
responsible for the contracts or Faults of the
said corporation in any further sum than the
unpaid balance due the corporate on on the
shares of stock owned by him. nor shall any
mere informality in organization have the
effect of rendering this charter null or of
exposing Il stockholder to any liability be-
yond the amount Of his stock.
ARTICLE IN.
Joseph w. Libby of New Orleans, Louis
a Blouin and Henry Boell both of Laiour-
che have been selected and chosen as the
first Board of Directors of said corporation,
to serve as sucA until the first Monday of
May, 1894. or until their successors shall
have been elected and of them Joseph w.
Libby is chosen as President aud Lonis A.
Blouin as General Manager and Henry
Boell as Secretary and Treasurer to serve
for the same time.
Thus done and passed at my office in the
town of Thibodaux, Parish of Lafourche,
the day and month and year first above
written in the presence of Messrs John Nj.
Guardia and Evariste Maronge two good
and competent witnesses, residing in the
said Parish, who have hereunto signed theft
names with appearers and me, Notary, after
due reading hereof, the appearers affxing to
their names statement Of the number Of
shares subscribed tor by tAem.
(Signed.)
JOSEPH w LIBBY 400 shares.
LOUIS A. BLOUIN 200 shares
HENRY BOELL share.
DAVID SCALLY share.
EDWARD DUHERrY share
EARNEST A. BEAUVAIS share.
Witnesses -
(Sign.d) j, NJ. GUARDIA,
+. MARONGE.
(Signed) EARLE KNOBLOCH,
Notary Public