The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1898-03-26

szn1xzezsual $3.50 y
be served on Tie President or i'll case OF
his absence on tho Nicc-Prcsident and
Manager or in the absence of both said Of
ticcrs, upon the Secretary or Treasurer.
ART III.
The object ana purpose for which this
corporation is established and the mature
of the business to he carried on by it is
hereby declared to BIZ the manufacture
and sale of ice and Mineral waters and t"
maintain and conduct cold storage ware
house.
ART ".
The capital stock of this corporation is
hereby fixed at Trenty Thous md Dollars
divided into and represented by Two
Hundred shares of tho par value of One
Hundred Uollars each, which stock shall
be paid for in cash ut snch time, in such
amounts and upon such no:ce IS may be
prescribed by the Board of Directors VIII"
shall have power to issue full paid stock
in payment for property transferred to
said corporation. The shares of stock shall
bc transferred only on the hooks OF tho
Company and on the surrender Ot-tle ont
standing certificate. This corporation
shall he authorized to begin business up
on organization and us soon as one hundred
shares are subscribed anl paid for.
ART V.
! The officer, of this corporation shall he
President, VicePrcsidcnt aud Manager
and !. Secretary and Il Treasurer. All the
corporate powers of said corporation Sh,ll
be vested III and exercised by 4 Board Of
Directors composed of seven () stock
holders of tho Company. On tho 3r1
Wednesday of January, 1899, and annual
~ thereafter an election for directors
shall he held at the Office of the Company
uner the supervision of two (2) com.
mS>ioners appointed by the Board of
Directors All elections shall be by bal
~! aud each share Of stock shall he cntitl-
Ell to one vote which may be voted by the
holder thereof in person or by proxy. A
majority of the vote cast shall elect. Due
notice Of said election shall he given hy
publication in one Of the newspapers pub
liShed in the town of St. Francsvilo at
least ton days prior thereto. Each Bard
, Of Directors shall elect from among their
number President, Il Vice Prrsident and
Manager, and Secretary and a Treasurer
y who may or may not lie members OF tbe
Board of Directors. Any vacancy occur
+ ing i'll the Board of Directors by death
7 resignation or otherwise shall be filed h,y
a tho remaining Directors.
j.. ART VI.
,. The immovah|r property Of this corpora
ton shall never be s"ll or mortgagel or
otherwise incumhcrrd nor shall any pur
= chase ofrcal estate he made without the
, consent If the majority of the entire stock
Of the Company: and u meeting of thu
Stockholders shall he convened for suul
purpose after ten days rotice thereof give,
4 to each stakeholder.
ART VII
The following named persons, to-wit
Albert Rn"mmoli, John y. Irvine, Edward
= Wax, Edw. J. Buck, VIM. II Tcnrry
e Bcni. Mann aud Edw. L. Newsham witt
!. 4. Ruemmrli AZ President, !. T.. Irvine n
i, Vice-Prcsitlrnt ami Manager. FL Wax q
Secretary and T.. J. Bnck as Treasurer ar
J" hereby constituted The first BOARD of ID
! rectors who shall s"rvc until tho first al,
Il NAL election herein provided for or unt
y. their SUCCESSORS arc "l""tcd.
!; ART VIII.
A failnrn for any cause to elect dire
- tors on thc dav namnl fey that rr"no:
H. shall not dissn'vo t'e anrNarsF:or or
~ anc manner ronlgH he share holders II
~ HE: hut She Dircrt,rq tlnn in office s,,a
hold over until another election is H..
and new Board is 81 .cte' rs nroyi,'ei
- this charter
''O AFT TX
This oct Of incarceration nav l,n nnnu
ss,s cl or this corporations dissolved ~ q. go
cral meeting called fnr that nnrnoSo hp
at the Office of the Comranv after thir
- days notice advertised in one e the new
papers published in the town o' s.. Tr'
cis,ille the assent of three fonrths o" {
stock present or rnprescnteds ut AZ
meeting being necessary for that nurpo
OF ART X.
ns Whenever this corporation is 1issolv
be- either Ivy expiration Of it's charter or
,ff. earlier dissolution as herein provided,
.te affairs shall lie liquidatc,l hy two CO.
led mssioncrs to be appointed from amo
,e- the stockholders ut q general meeting
al the Stockholders convened after thir
,se DAYS prior notice shall have been "iv"n