The Meridional. (Abbeville, La.) 1856-1906, 1901-12-07

successors have been chosen by ballot
and qualified. All elections shall be
held at the office OF the company under
the supervision of three Commission
ers who shall be appointed from among
the stockholders present, by the Presl-
dent.
A majority of the Board of Direct
ors shall constitute a quorum for the
transaction of any business, and no
proxies shall be allowed at meetings OF
the Board. The Board of Directors
may by a seven-ninths vote Of all the
Directors, mortgage, or pledge any
property ! elonging to the corporation,
or sell or lease the same, without refer
ence to stockholders, and in the SAME
manner they may purchase for cash or
on credit any property required for any
of the purposes of the corporation. The
Board shall have power to employ and
dismiss any and all employees OF the
corporation, define their duties and Tx
their remuneration.
The Board of Directors shall elect
from their number a President, Vice
President and a Secretary, and the
Board shall have full and general power
to do all things and acts necessary to
carry out the objects and purposes for
which the corporation is organized.
Checks and notes shall be signed by
the President and countersigned by
the Secretary, who shall be ex-Oficio
Treasurer of the corporation.
In cas- of a vacancy in the Board
through death, or inability of a mem
Der to qualify the remaining members
of the Board shall elect a stakeholder
to fill such vacancy.
Failure to hold the annual meeting
shall not affecl the corporation, but the
meeting shall be held thereafter as
soon as possible.
Until the regular election to be held
on the second Monday of January, 1903.
the following shall compose the Board
} of Directors: DIR. C. ]. Edwards, K.
A. Broussard, P. Dupre Leblanc, j.
Alcee LIE Blanc, D. L. McPherson,J. N.
Greene, Theodore Laporte, E. III. Steb-
bins and SEVERN Leblanc.
ARTICLE 9TH.
Whenever this corporation is dis
solved by limitation or otherwise, it's
affairs shall be liquidated by three
commissioners to be appointed by the
stockholders at a special meeting of
stockholders called for the purpose,
after 80 days previous notice SHALL have
been given by publication in a news
paper published in the town Of Able
vile. La, and vote of the majority of
the shares shall be necessary to elect
such commissioners.
AETICLE 7TH.
In all meetings OF shareholders, each
share of stock shall be allowed to cast
one vote, and stockholders may be rep
resented at such meetings by proxy in
writing.
ARTICLE 8TH.
This charter or act of incorporation
may be amended in any particular not
inconsistent with law, or the corpora
ton may be dissolved at a general
meeting of stockholders convened for
the purpose after thirty days notice by
publication in a newspaper published
in Abbeville, La, by a tbree-fourths
vote of the shares present and repre-
sented at such meeting.
ARTICLE 9TH.
No shareholder shall be liable or
responsible for the debts, contracts or
faults OF said corporation beyond the
unpaid balance due on the shares of
stock owned by him, and no mere in
formaiity in organization shall have the
effect of making any stakeholder liable
for the debts of the corporation or of
~invalidating or annulling this charter.
Thus done, read and signed at Alb
beville, La, this ninth day of Novem-
Der, A. d. 1901, in presence of Richard
6. Greene and William Ewing, two
competent witnesses. Fourteen words
interlined, and seventeen words erased
and approved before signing.
Name, Residence and amount sub
scribed.
j. Alcee Leblanc, Vermilion parish,
n thousand dollars.
j. N. Greene, Abbeville, La, twelve
hundred and fifty dollars.
r. A. Broussard, Erath, La, two
thousand and five hundred dollars.
C. j. Edwards, Abbeyllle, La, five
hundred dollars.
E. M. Stebbins, Abbeville, La, two
hundred and fifty dollars.
M. Il. Cushman, Abbeville, La, five
hundred dollars.
Geo. CALDWELL & Sons per Y. l.. C.,
Abbeville, La, two hundred and
fifty dollars.
D. L. Mcpherson, Abbeville, La, five
hundred dollars.
P. D. Leblanc, Erath, La, one hun
dred dollars.