The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-06-17

all THESE purposes, to Issue bonds or o,ha.
written obligatio :, and the SAM, Ia seer.
whenever deemed proper, hy rnorl.,,. nr
PleuSe' as the Case may be, of the franchises
Il" tue property, real ANA personal. incomes.
revenues, contributions and r~ecripts of said
corporation, and payable In suct, anounts
nipoa su; II terms and conditions, and at surb
times and places, the whole as the I,nard IS
Dlrecto's may direct or designate. viz,
power 10 sell. pledge or otherwise dispose of
anu o"h"s ana written obligations as said
hoafg OF Directors may deein proper aud
expedient. ""u
ARTICLE ".
The Capitol Stock of said coruor.t;o, :.
ereby fixed at Twentp-Five Thousand
dollars tS2o.UUOl represented by Two hun
urea aud fifty shares of One Hundred noI.
Iafs each, to be paid in instalments not ex
ceeuih@ zen per cent per month on the call
- the bcald OF Directors. Which shares
nave been subscribed Tor as follows. to.wit
Leon God"haux. Dog shares. Ed.
ward GodchauX, ~ shares. 3-CbarIns
GodchanN, ~ shares. paul l.. Godchaux
~ shares. ALBERT Godchaux, 10 shares
o.-AIeXahdtr Iheriut, / share.
ihls GO! operation Is authorized to commence
business immediately after the signing of
ihese presents by he appeayers aforenained.
No share OF the said Capital Stock Of tbis
corporation shall he transfer able. except on
the books oi the corporation. nor until the
certificate of stock shall have been deliver
Ell To the corporation aud duly Cancelled.
ARTICLE V.
The control, management. direction of af-
latfs- an all puwe!s Of said curpnration
siiali he vestedln and exercised By IA Board of
Directots. composed of Three stoekbolders
Owing each at least len shares of the stoct
OF sa4d COZ poratIun said Directors to he
elected annually ON the First Monday of
June 1871. Each stakeholder represented
ID iefson or by proxy at such meeting, shall
oe entitled to one vets for each SHARE of
stock owned by him. Notice ut su.h meet.
lnSs shall Is publ shed twice. during twn
consecutive weeks, IN any newspaper pub-
iisiltd IN the Parish OF L.afourche. i'm
llicu!attly preceding such election. Said
election 70 be held at the Office of the COR.
p%arhtlun, uL.'er the supervision Of rwn Con
mlssloners TO be named b7 the Board Of ID.
%rectorr. and tho Three stockholders RECEIVING
the highest number of votes shall be de-.
ciared elected. Failure to hold al ele ,t;on
on the day specified shall not disso.v re ths
corporation, out the Directors in Office shall
bold over until an election be held altar
I'''iee oi the time ana place be duly publish
{ ! as.above provided for.
the Directors shall elect from their own
n hber. at the first meeting after their own
e hon. Il President and a Secretary and
'touleF, VINO shall serve Tor one wear or
u. J their respective successors are elected.
wo Directors shal constitute a quorum
iof the transaction of business. Vacancies
occurring i'll the Board OF Directors, and ali
other vacancies. shall be filled for the nm.
expired term by the Board of Directors.
whether ii quorum remaih or not, from
among Stockholders po,sessings all necessary.
qualifications as above provided for.
The President shall have the bower to an.
point from time to time, or dismiss at pleas
ure, such Clerks, Agents or tabocers, as
NAV be deemed necessary for the purposes
and business o1 said cUrpor alton.
ARTICLE vi.
The following named persons shall consti.
tute and are hereby named and appointed
the first Board Of Directors, viz
i a Leon Gudchaux, ~ Edward Godchaux.
aud t3l Charles Godcnaux. with Mr.. Leon
Godchaux az President, and Charles Col
chaux as Secretary and treasurer. They
shall hold office uutII the first Monday ia
June. 1891, or rutil their successors are duly
elected.
ARTICLE VII.
No stakeholder Shall ever he 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
this Charter null. or OF exposing a
TO auy liability beyond the
amount OF his stock.
ARTICLE VIII,
This Charter may 5e amended, altered or
aud the corporation may be dis
solved, with the assent of the Stockholders
holding Three-foUrihS OF the stock. at a sne-
clal meeting 10 be called Tor the purpose.
either by the President, or Board OF Direc-
tors, or by stockholders holding a. majority
OF the stock. The said meeting shall he
called after ten days previous written notice
given TO each stockhoider. which notice shall
state the obj ct of the meeting. n .me the
date and hour when and the place where TO
be held. provided the place shall be in the
Parish where the corporation has its domi-
Gle.
ARTICLE TX.
When this corporation is dissolved, either
by limitation or otherwise, It's affairs SD all
be liquidated By Two Commissioners Co be
appointed tor that purpose from among the
stockholders, by the Board OF Directors aud
said Commissioners are hereby vested with
full power and authority TO sell and DISPOSE
OF the assets and property, Doth real and
personal, OF sal0 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 proD-
er to fully and completely liquidate the AZ
fairs OF said corporation, and with power to
apply proceeds 10 the payment of the debts
due by SAID corporation aud to distribute
any net proceeds, II any,, among the stock
holders ratablT and proportiODately to the
til"ilnt o. shares owned by each.
fnus done ami passed at my Office in the
City OF New Orleans in the presence of the
witnesses, who have subscribed
their names hereto, together with the an
and me-, said Notary, on the day and
N the month aud year first above said and
Original igned >
LEON GODCHAUX.
ALEX. THEREOF.
CHARLES GUDCHAUX.
PAUL L. GODCHAUX.
per pro EDWARD GODChAUX.
PAUL l.. GODCHAUX,