The Meridional. (Abbeville, La.) 1856-1906, 1899-05-20
ARTICLE ".

ARTICLE ~.
This Corporation shall have power and
authority to contract, sue and be sued in
its corporate name. and to make and use
q corporate seal; to hold. receive, pur-
chase, mortgage. and convey. under It's
corporate name. property Doth real anu
personal. to borrow money. Issue notes
and obligations and to pledge same; to
name and appoint such managers, direct
ors and officers as its interests n conve-
nience may require, n to make anu es-
tablish such bylaws for the proper man
agement and regulation of its affairs as
NAV be necessary and proper.
The business aud affairs OF this Corpora
ton, shall be managed and conducted by
a Board of Directors to be composed OF
three stockholders, who shall be elected
annually on the first Thursday IN January
OF each year. to begin with the year 1900.
Saa election shall be by ballot and
shall be held at the domicile of the Cor
poration under the supervision of three
stockholders appointed by the Board of
Directors the stockholders receiving the
majority of the votes cast, to be declared
elected. The failure to hold an election
on said date specified, shall not dissolve
this corporation, but the Directors then
in office shall hold same until an election
may be held in the provided for;
written notice of said election haing given
to each stakeholder at least fifteen days
previous to said election. The following
named persons have been chosen as the
Board of Directors to serve until their
successors shall have been duly elected
and qualified, viz: Ophelias Bourque,
John Abshire, Jr. and James A. Summers.
And of these. 0phelias Bourque shall he
President, John Abshire, Jr., shall be
Vice-President, andJ as. A.. Summers snail
be OBSERVATION-DISCLOSURES and shall perform
the duties of both Secretary-TreaSuTer.
a Al tha 6nc4 S,antin1r fnHnyyin " aanh nlap.
ton. the Board of Directors then elected,
shall elect one Of their number to be
President, one to be VIce-Pres1dent and
one to be Secretary-Treasurer.
The Board of Directors shall exercise
and be vested with the usual power of
administration. and make all bylaws II
fill any and all vacancies in their number.
All checks, notes or other obligations of
this corporation for the payment of mon
ey, shall be signed by the President and
countersigned by the OBSERVATION-DISCLOSURES
When, from absence or other reason.
the President is unable to act Individual
Iy. the Vice-Presldent shall sign checks,
notes and obligations, to pay money,
which shall be countersigned as before by
the OBSERVATION-DISCLOSURES
No certificate of stock shall be valid
unless signed by the President and coun-
tersigned by the Secretary-Treasurer
Each share of stock shall be entitled to
OlG fObG db dl luOObtHSo VI 0iOGuiOAo.
Notice of elections. as well as all notices
of Stockholders meetings, shall be by
fifteen days written notice mailed or de-
livered to each stakeholder, but NEE t.
ings may be held at any time by unanl-
nous consent.
No share of the capital stock of this
corporation shall be transferred or sold
or disposed of. unless the stakeholder de-
string to make such transfer or sale, shall
fist prefer such stock to the other stock
holders of said corporation, through its
Board of Directors, at the lowest price
such stakeholder may be willing to take
therefor, and only on such notification
having been served in writing on the
Board of Directors of said corporation,
I and the failure within ten days thereafter
of any stakeholder to avail himself of
such privileges of purchasing, the afore-
said stock may be sold and the transfer
thereof be made on the books of the cor
poration. Three Directors shall consti-
tute a quorum for the transaction of BUSH
ness.
This charter may be amended. added to
or changed. or said corporation may be
dissolved at any general meeting OF the
stockholders called for the purpose after
ten days previous notice published i'll one
or more o.. the newspapers of Abbevllle,
Louisiana. unless such notice he dis
pensed with by unanimous consent of all
the stoekholders) with the assent of two
thirds of the stock represented at such
NEE ings aud at the expiration or disco
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