The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1901-09-14

which said stock shall be maid for u, oos
"ne,i issued, CT same may be issued n
not less than par in payment for propert
actually received or pnrchaned bv sai
corporation, or for services or labor do /,
therefor. Wv
All certificates of stock when issne,
shall he signed by the President an,
thc Treasurer or in the absence or in,
hlllty of either or both of them to aot
by such persons rs the Board of Direc
tors may designate.
ms corporation shall commence Inns;
ness as soon as the sum of Ten I'hous.n,
Dollars of it's capital stock shall hav,
Deen subscribed aud paid for.
All transfers of stock sha he made n,
~ On he hooks of the company.
| Article V-All the powers of this cor
!, poration shall be vested in and exercise
.n,SS a Board of Directors, consisting NJ
lnree Directors. who shall I've elected. at
,he annual meeting of the sllalc-holle,s
10 De held on the Third "Wednesday Of
July III each year; notice of this meetipc
shall he published twice in two weak
prior to the holding thereof, in one 81
the newspapers in the Parish of West
Fei'c'ana. AT said meeting every share.
n"'der shall be entitled to cast one vote
ia person or by proxy, on every share ri
Stock owned by him and o majority nj
the S0tes cast shall elect. -
The BOARD of Directors shall prcscr;he
the maniiesr in which said meeting shall
he held and, the votes cast and tlr rss"It t
ascertalned. The failure to hold any an.
nlial meeting shall not terminate This
charter but the officers then i'm office shall
continue in office and shall summon AN
annual meeting as soon as possible.
Inc BOARD OF Directors If this cornora.
ton shall exercise all the powers. botb
general and special. vested in tL;s cor
poration as fully in every respect as the
same might be exercised by the share
holders OF the company, and SHALL in M
case be required to summon n tneet;n~
OF the shareholders of the comna,,v 70
ratify or authorize any act, contract, ali.
enatlon or encumbrances done or ente,n,,
INTO by the said Board of Directors said,
board OF Directors shall have the power
to appoint all agents, managers. clerks
and employees, and fix their salaries and
compensation. They shall have the power
10 make, change, alter and mmlify all
proper bylaws, rules and regulations for
carrying their charter into effect and frr
the management Of the business of th.
corporation.
The first Board of Directors of this
company, who shall hold office until the
Third Wednesday in July, 1902 and until
Their successors are elected and qualified
shall be: Jacob b Mount, A Henry SAM
man and Edward Aaron, with Jacob 4
Mount as President, A Henry Sandman
as Vice-President and Edward Aaron ma
Treasurer and Charles N Gordon as Sccv
The officers of this company shall he
President, a Vice-President, q Treasurer
ana q Secretary, 1.-THE Secretary need not
DO q shareholder or directory Tho Board
OF Directors may elect one person to fin |
the offices ofVice- President andTreasurrr
Every director shall own at least one
share of the capital stock of this company
AT all meetings of Directors, the ;,irrc- |
tors not present on the Island of Raccour- |
81 may give their proxy or power of at |
torney toa director present, such proxy |
may be either general authorizing the |
Director who may be present to cast The
vote OF tho absent director on all mat .ers
Ihat mag come before the board III sIch