The Meridional. (Abbeville, La.) 1856-1906, 1901-02-02
ARTICLE FIFTH.

~ Atl VIE GOI puibio Po"SAE
poration shall be vested in and he X
ereised bv a board of nine directors,
each of whom shall hold III his own
name or IN the name Of a partnership
whereof he is "a member at least II
share of stock, to be elected annually
on the first Monday OF May OF each
year; the first election TO be held y
All such elections shall be by ballot
at the office of the corporation under
the supervision Of three commissioners
to be appointed by the board 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 ID Of
fee until their successors shall have
been elected and qualified;
Five directors shall constitute a
quorum for the transaction Of any busl-
ness. At any meeting OF the board OF
directors, any director absent from the
town may be represented by any other
director, Nho may cast the vote OF sad
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 kind required
for any of the purposes of the corpora
ton without authority OF the shaIe-
holders.
All contracts, checks and notes Of
the company shall be signed ny the
president; or, in his absence orlnaolilty
to act, by the vice-president; aiso by
the secretary and treasurer, and ID case
of the absence or inability OF Tue secfe-
tary and treasurer ta act. by some per-
son designated in his place by the board
of directors.
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 renumeratlon
The board of directors at first meet
ING after election shall elect from their
number a president and vice-presldent
and shall elect a secretary and treas
urei. who need not be a stakeholder III
the corporation.
The board OF directors shall have the
power to make and estab lsh, lis well
as amend and alter. all bylaws, rules
and regulations deemed requisite for
the support and tie management 81
the affairs and business OF The corpora
ton; to make and issue bonds, notes
and other obligations; 10 issue and de-
liver bonds or obligations thereof; for
property transferred to and received by
the corporation: and to do all such acts
and things rs may be necessary 70 car
~ out the objects and purposes for
which this corporation Is organized.
Until the neXt general meeting 10 be
held under tits charter, VIZ: Ob
the first Monday Of May 1902, the board
of directors shall lie composed Of Eli
Wise, Gus G~Jdchany, I. .. Br0a,sard,
L. Sokoloski, A. Kaplan. Jos. Blum,
d. N. Lichtenstein.s. W. Liehtenstein,
Henry Kaplan, with Eli Wise as presi-
dent, apdGus Godchaux vice-president.
The secretary and treasurer, aud 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
ard 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 commissioners,
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 one 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 of tae shares, shall be
required to elect. Such commissioners
shall remain in Office until the affairs of
the corporation shall have been fully
liqnidated. and in EAST of the death of
one or more of said commissioners, the