The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-07-01

'AA AZ Solur I'D RGnED
whenever deemed proper, by MORTGAGE or
pledge, as the case may be, of the franchises
anu the property, real and personal, incomes
revenues, contributions and receipts of said
corporation, and payable in sucn amounts
upos sueh terms and conditions, and ut such
times and places, the whole as the BOARD of
Directors may direct or designate. viii,
power to sell, pledge or otherwise DISPOSE of
said bonds aud written obligations as said
BOARD OF Directors may deem proper and
expedient. CAV"
ARTICLE ".
The Capitol Stock Of said corporation i
| ereby fixed at Twenty-Five Thousand
Dollars iS23.OOOl represented by Two hun
dred and fifty shares Of One Hundred Dol.
iafs each' to be paid in instruments not ex.
ceedlng ten per cent per month OH the call
OF the Board Of Directors. Which shares
nave been subscribed Tor as follows, to;wit
Leon Godehaux, 209 shares. ed.
ward Godchaux, 10 shares. 3.-Charles
Godchaux, 10 shares. Paul L. Godchaux.
~ shares. 3-Albert Godchaux, 10 shares.
o.-AleXahder Theriot, | share.
This corporation is authorized to commence
business Immediately after the signing of
these presents by the appearers aforenanea.
NO share OF the said Capital Stock of this
corporation shall be transferable, except ON
the books OF the corporation. nor until the
certificate of Stock shall have been deliver
~ - IhN wi pSL ~ anu July Cancelled.
ARTICLE V.
The control, management, direction Of az.
laifs. anu ell powers of said corporation.
shall be vested in and exercised by a Board of
Directots, composed of Three Stockholders
owning each at least len shares of the stock
oil said corporation said Directors to he
elected annually on the First Monday Of
June 1894. Each Stakeholder represented
IN person or by proxy at such meeting, shall
oe entitled to one vote for each share of
stock owned by him. Notice OF sueh meet
ings shall be published twice, during two
consecutive weeks, in any newspaper pub.
llshed In the Parish OF Lafourche. i'm.
medlately preceding such election. Said
election TO be held at TIE Office of the cor.
poratlon, un+er the supervision Of Two Com.
missioners to be named b3 the Board of Dl.
%rectors. and the Three stockholders receiving
the highest number of votes shall be de.
clared elected. Failure to hold au 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
Z as above provided for.
The Directors shall elect from their own
Il tnber. at the first meeting after their own
G elton, a President and "a Secretary and
i r%asurer, who shall serve Tor one wear or
u.tl! their respective succe ,sOIs are elected,
wO Directors shall constitute a quorum
foi the transaction OF business. Vacancies
occurring in the Board of Directors, aud all
other vacancies. shall be filled for the un.
expired term by the Board of Directors.
whether "a quorum remaiL or not, from
among stockholders possessing all necessary
qualifications as above provided for.
The President shall have the power to ap-
point from time to time, or dismiss at pleas
ure, such Clerks. Agents or Labocers, az
may be deemed necessary for the purposes
and hnginasS 81 lu.I ...pnA,att.
ARTICLE vi.
The following named persons shall eonsti
tute and are hereby named aud appointed
the first Board Of Directors, viz:
Ill Leon Godchaux. q Edward Godchaux.
aud ~ Charles Gudehaux, with Mr.. Leon
az President, and Charles God
chaux as Secretary and Treasurer. they
shall hold office until the first Manlsy IN
) une. 1871, or uutil their successors are duly
ARTICLE VII
No stockloIuer 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
lnformality in organization have the effect of
rendering this Charter null, or OF exposing a
stockholder to any liability 'ieyond the
amount OF his stock.
ARTICLE VIII,
This Charter may be amended, altered or
aud the corporation may be dis
solved, with the assent of the stockholders
holding Three-fourihs OF the stock. at a spe-
cIal meeting to be called tor the purpose,
either by the President, or Board of Dlree-
tors, or by stockholders holding d majority
OF the stock. The said meeting shall be
called after ten days previous written notice
given 70 each stakeholder. which notice shall
state the obj. ct OF the meeting. IL anne the
date and hour when and the place where to
lie held, provided the place shall be in the
Parish where the corporation has its douIi-
ellie.
ARTICLE TX.
When this corporation is dissolved, either
by limitation Or otherwise, Its affairs sh all
be liquidated by Two Commissioner to 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 10 sell and dispose
OF the assets aud property, Doth real and
personal, of salt corporation, whether at
private or public sale, aud 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
hulders ratabiy and proportionateIy to the
anIpun: 81 ,iIa,c O. owned by each.
ilus done autl passed at my office IN the
CITY OF New orleans in the presence of tie
;ifrrrnamed witnesses, who have subscribed
tiei: names hereto, together with the ap
bearers. and Inc, said Notary, on the Gay and
in the month aud year first above said and
written.
Original igncd y
LEON GODCHAUX.
ALEX. rHGRIUE.
CHARLES GUDCiiAUN.
PAUL L.. uCDCHA CX.
per pro EUWAnD GUDCnALN.
PAUL l.. GODCHACA.
ALRERF GJDCHAUX.
GfTTJ BATTII