The Meridional. (Abbeville, La.) 1856-1906, 1901-01-12
ARTICLE FIFTH.

Il NAAS ~ ~H"NO
poration shall be vested in and be ex-
ercised by a board of nine directors,
each of whom shall hold in his own
name or in the name Of a partnership
whereof he is a member at least one
share of stock. to be elected annually
on the first Monday of May of each
years; the first election to be held 1902.
All such elections shall be by ballot
at the office of the corporation under
the supervision of three commissioners
to be appointed by the beard Of direct
ors and in the absence of any of said
commissioners, the president shall have
power to fill the place by appointments.
Notice of each election shall be given
to the stockholders by the secretary by
mail at least ten days prior to the date
of such election, and the directors
elected shall serve and continue in of
fee until their successors shall have
been elected and qualified.
Five directors shall constitute a
quorum for the transaction Of any bust
ness, At any meeting of the board of
directors, any director absent from the
town may be represented by any other
director, who may cast the vote of said
absent director according to the writ
ten instructions Of said absent director.
The Board of directors shall have the
power by three-tourtns vote of all the
directors to sell, lease, mortgage or
pledge any and,,all the property, NOV
able and immovable, belonging to the
corporation without referring to the
shareholders for the power to do so,and
they may also purchase for cash or on
credit, property of any kird required
for any of the purposes of the corpora
ton without authority Of the share-
holders.
All contracts, checks and notes O.
the company shall be signed by the
president; or, in his absence or inability
to act, by the yice-president; also by
the secretary and treasurer, and in case
of the absence or inability of the secre-
tary and treasurer to act, by some per-
son designated in his place by the board
of director s.
The board of directors shall have full
authority to employ, appoint or dismiss
such managers, superintendent agents
and employees as they may deem best,
and to vest in them such powers as
they see fit and fix their remuneration.
The board of directors at first meet
ing after election shall elect from their
number a president and vice-president
ana shall elect a secretary and treas
ure1, who need not be a stakeholder in
t:aa corporation.
ne board Of directors shall have the
r3wefto :iake and establish, as well
J; amend and alter, all bylaws, rules
ald regulations deemed requisite for
.tae support and the management of
lie aiflirs and business Of tie corpora
ltap; to- make and Issue bonds. notes
aad other obligations; to isstie and de-.
itver bonds OF obligations thereof; for
tFanerty transferred to andraeeived ny
tile corporation; and Ia Go all such acts
aid things as may be r~ecessary to car
~ ont The objects and purposes for
which this corporation is organized.
f1ntil the next general meeting TO he
.fald under this charter, VIZ: On
Tie iirst Monday of May 1902, the board
It directors shall e composed OF Eli
i,iSe, Gas 6odehauy, ! !. @. Broussard,
J.. S3k1!oshi, 4. Kaplan. Jos. Blum,
-. 1t. iiciltenstein,s ". L~ichtenstein,
Isea:y H.tplalt, with Eli Wise as presi-
mt, ansi6psG odchauX vice-president.
raa secretary and treasurer, and all
officers are to he elected by the board
directors:
In case of any vacancy either in the
above named board OF directors or in
any other, the remaining members
shall have the power to fill vacancies
and all directors and officers of this
corporation shall remain in office until
their successors are elected and quail
fed.
Failure to hold the annual meeting
shall not dissolve the corporation, out
the meeting shall be held as soon as
possible after the regular date.
ARTICLE SIXTH.
Whenever this corporation may be
dissolved, whether by limitation, or
from any other cause, its affairs shall
be liquldated by three commiss toners,
to be appointed from among the stock
holders at a general meeting of the
stockholders convened for such pur.
poses, of which meeting thirty days
previous notice shall be given by adver-
tisement in n of the newspapers pub
lished in the town Of Abbeville, La,
and in n of newspapers published in
New Orleans and the vote Of the own
ers of a majority CT the shares, shall be
required to elect. Such commissioners
shall remain in Office until the affairs of
the corporation shall have been fully
liquidated, and in last of the death of
n or more of said commissioners. the
Survivors or survivor shall continue to