St. Landry clarion. (Opelousas, La.) 1890-1921, 1894-10-06

. i i, y
$ ARTICLE L.
The name and title of this corporate
i shall be .THE SEVENTH DTSTRIC
t PUBLISHING COMPANY, Limited
: and under said corporate name it sha
have power and authority to have an
: enjoy corporate existence and successio
!. for twenty-five years from and afte
date hereof; and shall have power t
contract and be contracted with, to sl
and be sued, to make and use q eornorat
seal and to break or alter same at pleas
ufe, to hold, receive, let, purchase, con
vey and mortgage and hypothecat
property. real, personal and mixed; +
borrow and lend money and to give ant
receive security therefor; to name ant
appoint such managers, directors, Off
GERS, servants and agents as the interes
and convenience of said corporation
may require; and to make such bylaws
rules and regulations for the manage
ment OF its affairs as may be necessary
and the same to alter, amend and repea
at its pleasure.
I. ARTICLE II.
4 The dofaieile-of said corporation shai
i be Opelousas, in said parish and State
and citations and other legal process,
shall be served upon the President o.
said corporation, and in his absence lpor
the Secretary,
/ ARTICLE III.
/ The objects and purposes for which
this corporation is established, and the
business to be carried on by it, are as
follows: To print and publish in saio
town of Opelousas monthly or semi
monthly or weekly paper; TO carry on
a general book and job printing bust
| ness and all things connected Herewith
/ and by sale of such Newspapers, periodi.
calls, books and other printed matter
published by it, to disseminate news and
information, and for said purpose it may
purchase or establish q newspaper OF
newspapers, DE.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of Five Thou
sand Dollars, divided into and represen-
ted by one thousand shares at five dol
lars each, and said stock shall be paid
for as follows: one-tenth or more at the
time of subscription and the balance at
the rate at fTe dol Jars Per month there
! AFTER Yhe Hoard Of Directors shall
have power 10 issue full paid stock at
not less than par In payment OF news
paper outfit Or material or other proper
| ty purchased by said corporation, or for
| work done or services rendered said cor
poratien, and this corporation is author
lied to begin business as soon as Five
Hundred Dollars of the capital stock
sffaI nave DeeU pal0 III.
Transfers Of stock shall be valid only
when made ON the books OF the compa-
ny, subject to such formalities as the
Board OF Directors shall prescribe.
ARTICLE ".
The corporate powers of said company
shall be vested in and exercised by a
Board OF Directors composed Of nine
stockholders of said conpaly to be ell
eefed annually on the third Tuesday in
April, The frat election shall be by
ballot and held at the office of the COM
pany under the superintendent of three
eeommissionefs to be appointed by the
tice of such election shall be given by
publication in the paper published by
this company, and the Directors shall
continue in office until their successors
shall have been elected. Each stock
holder is entitled to cast, either in per-
s5ff or by proxy orc s'oIesfOf Eaef snare
of stock held by him or her, and the
majority of votes eastat such election
shall elect the Directors for the ensuing
year. A faiftire to elect Directors shall
not dissolve the corporation, but the
Directors then in office shall con tinue as
Directors until special election can be
held, which shall be after ten days no
tlee as above provided.
Any vacancy In the Board shall be
filled by the remaining Directors, and
hYe shall constitute d quorum for the
transaction of any business.
ARTICLE VI.
The following persona shall constitute
the first Board OF Directors, Wig: G. J.
". boyd. i. G. Simon, d. b. Gibson, G.
North, w. M. Johnson, G.. +. PriestIy.
+. Nj acks A. Poydras and A. G.. Gibson
whose names are signed hereto, and
they shall hold office until the third
Tuesday in April, 1895, and until their
successors are elaetsd. The Board of
Directors shall at Its first meeting elect
from Its number President, Vice Pres
ident, Secretary and Treasurer. Said
Board of Directors may also appoint
General Manager of the business of the
corporation, who shall also be Editor-in-
Chief of any newspaper published by it.
Any contract with aaid sieneral Mana
salary shall be fixed by the Board. Said
manager shall have the power to select
the employees and to discharge and fix
their compensation, subject to approval
of the Board.
ARTICLE VII.
dissolved its affairs shall be liquidated
by three commissioners to be appointed
from among the stockholders at gem
efal meeting to be convened for the Dur- |
pose after thirty days prior notice by
one OF the weekly papers published In |
Opelousas, and with the assent of q ma
jority in amount Of the capital stock of I
said corporation, Said commissioners
shall continue In office until the affairs |
Of said corporation shall be fully liqui-
dated, and In case Of the death of one
the other two shall con-
tinue to serve,
ARTICLE VIII.
The Board of Directors shall exhibit |
4 quarterly statement of the financial |
condition OF the company and declare
annually such dividends as the profits
will allow. No person shall be Direc-
Tor unless he be holder of five shares. /
This act Of Incorporation may be chang
ed, altered, amended, or said corporation
ilssolyed.w with the assent of a majority
n amount of the capital stock thereof |
vt general meeting of the stock-hol-
lers called for said purpose after thirty
lays prior notice in weekly neWspa-
paper published In said town Of opel
Iusas.