The Opelousas courier., 1894-08-04
ARTICLE v.

All the corporate powers OF said corporation
Directors to be composed Of seven () stock
holders OF whom at least q majority must re-
s1aS u e. th s1a Rarash aO Of s landry nd Il which sddcn, board %aHl
in the year 1895.
An such elections shall be by ballot and held
superintendence Of two (l commissioners ap
pointed for that purpose by the Board of Df-
~rectors, Of which election ten n0 daysEprior
newspaper published in tie city Of Opelousass.
Each share Of stock shall be entitled to one
vote to be cast by its owner either by proxy or
in person at the election, and the persons re-
ceivtng the greatest number of votes at the
election shall be the directors.
The failure to elect directors on the date
above specified shall not dissolve the corpora.
ton. but the then incumbent directors shall
cause another election to be held within thirty
t30) days, whereof ten Q0) days prior notice
shall be given In the newspaper published as
Aforesaid, and all officers shall hold over until
their successors are elected and qualified.
Vacancies occurring in the Board of Direc-
tors during the year shall be filed by the re-
naming directors from among the stockholders.
and four ~ directors shall constitute a quorum
for the transaction of ordinary business.
At the hrst meeting following the annual
Of their number to be the President and anoth-
or to be Vice-President and shall also elect a
Treasurer and shall or may appoint from time
to time, and dismiss at pleasure, such officers,
-" oAe
az may be deemed necessary for the purpose
and business Of said corporation, and to fix
and change their salaries.
Said Board OF Directors shall make and estah-
liah, as well as change, alter and amend from
time to time as they may see proper, any and
all bylaws, rules and regulations not inconsist-
deem requisite for the business and manage
ment Of the affairs of said corporation. They
shall have power and authority to contract
debts, borrow mOreys, issue notes and mort
gage bonds, execute mortgages to secure the
same, and to pledge said notes and mortgage
bonds and generally do all that is pertinent or
Organization provided, however, that no debts
shall be contracted, moneys borrowed, notes or
mortgages issued or pledged, except for the
pnppose q q G ~ ne, SEED AND to on Ra ih1 the cru 1Gn Ming
the stockholders shall have specially authorized
them by q tw0-thirds vote.
ARTICLE vi.
All checks, drafts, notes, bonds, bills or any
other obligations Of this corporation issued In
pursuance to this charter shall be signed by the
President and cOuntersigned by the Secretary.
And all officers Of this corporation who shall
be entrusted with any funds belonging to this
corporation shall furnish bonds in such amounts
az may be determined upon by the Board of
Directors and to be secured to their ~satisfac-
tion.
Transfers Of stock shall be made on the
Of the stock certificates in the presence Of the
Secretary who shall attest all transfers and
issue new certificates of stock in lieu of the
ones surrendered.
Transferees shall assume all unpaid balances
II any be due on the transferred stock, and all
certificates Of stock shall be signed by the
President and Secretary Of this corporation
and authenticated by its seal.
ARTICLE VIII.
The Secretary and Treasurer shall make a
statement of the affairs OF the corporation to
the Board Of Directors at such time as the
latter may provide by its bylaws, and said
Board of Directors shall declare such dividends
as may be warranted by the results Of the bus
mess Of the corporation, or shall do with the
said earnings as they may deem best for the
general interest.
ARTICLE TX.
This act Of Incorporation may be changed,
modified or altered, or its capital stock increas-
ed or decreased with the assent Of two thirds
in amount Of the issued capital stock of said
corporation at any general meeting Of Its stock
holders convened for that purpose after thirty
days PRIOR notice OF said meeting, or said
| corporation may be-dissolved upon the assent
Of three f0urfhs OF the issued capital stock
after notice il given az aforesaid.
ARTICLE K.
Whenever this corporation is dissolved either
by limitation or by any other cause its affairs
| shall be iQuidated or settled by three COM
missfOners appointed for that purpose by the
stockholders Of said corporation at the general