The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1894-06-09

DIsING COMPANY, LIMITED" Iss domi-
Gle shall be in the town OF THIBODACA
Parish of LAFUURCHE, state ofL0JISIANA,
and 1t shall enjoy succession b. it corpo-
rate name fer the period of Ninety nine
years from and after this date. unless dis
solved in the manner hereinafter provided
1t shall commence operation at once. The
President j. hereby declared TO be the legal
officer upon whom citations and other legal
process shall be served, aud in rEe event
that the President y absent or - unable for
any reason 70 act. the same shah be served
on the N~iee-PresideBt-
ARTICLE II.
The objects and purposes for which this
corporation J. Zed and rNe nature of
the business t. h- carried Gn Nv Ii At. here.
by declare! t. b- tine carrying on 81 i gen
eral merchandise business; and i shall
have the taAeE aEi authority - hold. pur-
chase. sell. convey pledge. mortgage or
lease property re4t or personal, sue and be
sued. make and 80. 4 i -en necessary. Il cor
pirate seal. A1l i shall nave authority
through ia President and SECRETARY on i
vote OF the Board Of Directors rn issue AMI
draw promis0rN note. aad bills Of exchange
ARTICLE III.
The capital stock az this corporation j.
THOUSAND DOLLARS. divide! into ana
represented by one hundred share Of
HUNDRED DOLLARS each. To hr paid for a.
follows-one quaitsr or more of the sub
-ecript!un ~ be paid ut the time of sub~crip-
ton and the remainder within sixty days If
ter tn subscription The PARTIES IL thl-
Act naye subscribed to the stock III this cor
p0rats9n a. f0lipT-A.S. TleDnise H0u@-
sean, 10 Fifty shares on which has brrn
paid the full value thereof. Five Thousand
Dollars: A. 9. Duffy. to Ten shares. On which
has been paid tine sum nj seven Hundred
and Fifty Dollars: \. Duffy. to Five shares.
on which has been paid the sum Of Two
Hundred and Fifty Dollars: Richard Con
Ion, to Ten shares on which ha> been paid
the sum OF Two Hundred and Fifty Dollars.
ARTICLE ".
TT,a Iss.Fra-S a,H Affairs - -tf5 -
ton shall be managed and directed by a
BOARD III Three Directors no shall D. stock
holders, G majority Of whom shall constitute
4 quorum - do business. and the said Board
shall br elected annually on the 1frst Mon
day of January Of each year commencing
with the first Monday of January OF the year
i-&5- Tire first Board of Directors Of this
company shall be composed Of q. O. Duffy.
President: Richard Condor. tice-President
and y. Duffy. who shall hold Office until the
first Monday Of January 1876. or until their
successors snail aay. been elected and quail
lied, and immediately npOn organization
the present Board a. well a. all future
Boards shall proceed tn elect and choose
either from the stockholders or otherwise a
Secretary and Treasurer.
The Board Of Directors shall make all bE-
lass, rules and regulations for the tran>ac-
ton III tile business of the Company, and al
ter and amend the same at pleasure. II
hall have the power to transact all the bus
mess 81 this corporation and each of the
Directors II hi said capacity may vote
e5+4eF III person or tE nj duly authorized
attorney "a fact
ARTICLE y.
All elections fir IT, officers and the Direc-
t77S q this cirnaany shall b. BY ballot and
aht4 IN t4- Office ~ IA- company before
three commissioners each Of Bh0m shall be
Z etgszE0Ifer. and aAa shall ue appointed
ty TIT Hoard ~ Directors on u before the
day Of the >1i1 election. Each shared f stock
shall be entitled 10 one vote to be cast ~
the owner either il person or by his duIy
authorized agent and q majority OF the
shares Of stock paid up shall ~ required to
elect.
n default Of a choice ii such election the
Directors then IN office shall hold over un-
ii the next annual election. Vacancies In
u z Board Of Directors shall he filled BY the
e naming Directors.
ARTICLE VI.
This Act Of incorporation may b changed
modified Dr altered or this cor poratIon dis
solved by q vote Of three fourths Of the paid
up STOCK present or represented at any
meeting OF the stockholders for the %
And when the time for the liquidation Of the
affairs Of this corporation shall arrive, the
Board Of Directors shall appoint three COM
mieeiuners whose duties il shall be to liqui-
date and wind UP the affairs OF the compa-
ny. -tll ls property pay IT. debts. and di-
vide IT asses among the stGckholaers.
Three-f0Erth- OF the number of the shares
fully paid up, -haEhayeth the righr at ANYTIME
To demand tne liquidation Of the affairs Of this
company III q when they shall have so done
the Board Of Directors shall appoint the H.
quidating commissioners as provided for in
this article. >honld the Board Of Directors
refuse or fail to appoint the commissioners
fol Liquidation a. .9eFein5eTore provided.
then tie said commissioners shall be an
pointed by the District Judge VI the Parish
81 Lafourche-
ARTICLE VII.
The Board shall nave the right 10 issue
certificates Of stock 70 each Of the stock
holders, the same TO bt signed by tire Pres
ident and Secretary The shares OF the
stock of this company shall be transferable
nt.Jx np rin hooks ny rhe Eanfpar- m he Eaps
for the purpose. No transfer of the stock
shall he made except upon the written au-
thority 81 the owner Or hi duly authorized
agent, and no transfer shall be made of any
stock t0any person not already a stockhoI-
der until the same shall have been previous
IL offered 10 the other stockholders by writ
I'll offer made to the President for at least
ONE week previous TO the transfer. and
shall have been refused or not accepted by
them. The offerto sell must name the price
for which. the terms an when ond the per
sor 70 whom it il proposed 10 sell.
ARTICLE VIII.
The Beard Of Directors shall provide by
rules and regulations for the division Of the
profits. ana shall have the right to employ
such agents and employees a. they shall
deem lit whose salaries shall be fixed by
them.
ARTICLE IN.
No stakeholder shall ever be held for any
vi tine debts or liabilities Of this corporation
beyond Il e unpaid balance due on kis stock.
w lniertfiatiEy III the drawing up CT tins
charter or Of the organization of this com
pany shall have the effect Of rendering null
this charter. or Of exposing a stockholder
70 any liability beyond the amount of his
stock.
And il is understood and provided that
any Of the powers granted this company by
ARTICLE III. of the charter or elsewhere
shall be exercised by the Beard of Direc-
tors through their President and Secretary
duly authorized for said purpose by a reso-
luton Of the Board
THIS nlNE pA~~En and STINLn -
THIBnGAIN, Parish OF L.AF0URCHE, State
Of LOUISIANA, on tits Eth day OF May A. d.,
Eighteen Hundred and Ninety four {lsg4.) in
the presence of G. j.. LEGENDRE
and i y WRIIrHT