The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1894-06-02

either from the ssoekhsIde rs or otherwise q
Secretary and Treasurer.
The Board of Directors shall make all by
laws, rules and regulations for the transac-
tion of the business OF the Company, and al
ter and amend the same at pleasure. IL
hall have the power to transact all the bus
mess of this corporation and each of the
Directors in his said capacity may vote
either in person or by bis duly authorized
attorney in fact.
ARTICLE v.
All elections far the officers and the Direc-
tors of this comoany shall be BY ballot and
held in the office of the oInpan before
three commissioner each Of whom shall be
a stakeholder. .hd who shall be appointed
Ey the Roaru ~ Directors On CIR before the
day OF the said .~i-ctirn. Each -harc of stock
shall be entitled 10 "ne vote to be east ~
the owner either in person or by his duly
authorized agent and a majority of the
shares OF stock paid up shall be required TO
elect.
In default of Il choice in such election the
Directors then in office shall hold over un-
Ill the next annual election. Vacancies In
he Board OF Directors shall be filled by the
remaining Directors.
ARTICLE VI.
This Act of incorporation may be changed
modified or altered or this corporation dis
solved by a vote of three fourths of the paid
up stock present or represented at any
meeting of the stockholders for the purpose.
anu NDen the TIME tDI the ifGHEI3Iitfl Oh tDt
affairs of this corporation shall arrive, the
Board of Directors shall appoint three com
m~issioners whose duties IL shall be to liqni-
date and wind up the affairs of the compa-
ny, sell its property, pay its debts. and di-
vide its asses among the stockholders
Three fourths of the number of the shares
fully paid up, shall have the right at any time
to the liquidation of the affairs of this
company ard when they shall have so done
the Board of Directors shall appoint the Ii
quIdating commissioners as provided for in
this article Shanfl the RnArl of Directors
refuse or fail TO appoint the commissioners
ion liquidation as hereinbefore provided,
then the said commissioners shall be ap-
pointed by the District Judge VI the Parish
% Lafourche.
ARTICLE VII.
The Board shall have the right 10 issue
certificates of stock TO each OF the stock
holders, the same to be signed by tie Pres
idenr and Secretary. The shares OF the
stock OF this compan shall be transferable
only on the books of the company to be kept
for the purpose. No transfer of the stock
shall be made except upon the written au-
thority of the owner or his duly authorized
agent, and no transfer shall be made of any
stock TO any person not already a stockhoi-
der until the anne shall have been previous
" offered to the other stockholders by writ
ten offer made to the President for at least
one week previous to the transfer, and
shall have been refused or rot accepted by
them. The offer to sell must name the price
for which. the terms on which, ond the per-
son 10 whom it is proposed to sell.
ARTICLE VIII.
The Board Of Directors shall provide by
rules and regulations for the division of the
profits. and shall have the right to employ
such agents and employees as they shall
deem lit whose salaries shall be fixed by
them.
ARTICLE Y
No stakeholder shall ever be held for any
Of the debts or liabilities of this corporation
beyond tie unpaid balance due on his stock.
No informality in the drawing up CT this
pany shall have the effect of rendering null
this charter. or of exposing a ~stockholder
to any liability beyond the amount of his
stock.
And it is understood and provided that
any Of the powers granted this compa by
ARTICLE ii, of the charter or
shall be exercised by The Board of Direc-
tors through their President and Secretary
duly authorized for said purpose by a reso-
iEtion Of the Board
THUS DONE. ASST and SIGNED at
THIBOCAUX, Parish of LAfOURCHE, State
of LOUISIANA, on tiis 18th day of May A. D.,
Eighteen Hundred and Ninety four (lss4.l in
and j. n. WRIGHT,
two good and competent witnesses who
sign these presents with sa d appearers and
NE said Notary after due reading.
! Two words erased and two interlined ap-
proved before signing.
Nrs. Theonfse Rousseau signs this Act by
seau duly authorized by a full and general
power of attorney OF record in this parish.
(Signed.l
Mrs. FHRONISE ROUSSEAU
! per P.U. Rousseau,
A. DUFFY,
N.DUFfY,
r. j. CUNDON.
Witnesses.
j. \,
C. j. LEGENDRE.
! YLS.{ CHARLTON r. BEATTIE.
81 Notary Public.
hereby certify that the above and fore
! going is a true and correct coDy of the orig
inai Act OF Incorporation OF TIE ROUSSEAU
J MERCHANDISING COMPANY. uNITED.'
as passed before me on May 18th, 1894. and
filed by me for record in the recorders Of
flee of this parish on the same day.
60 II faith whereof ! grant these pres
}L.s. ents under my hand and the impress
- OF my official seal this Eth day of
May 1894.
CHARLTON II. BEATTIE.
Notary Public.