The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1901-08-31

which said stock shall br paid for in cash
when issued, or same may be- issued at
NOT less than parin payment for property
actually received or purrlane,l hy said
corporation, or for services or labor ,lo "a
therefor.
All certificates of stock when issue,,
shall he signed by the President and
the treasurer or in the absence or ina
bllty of either or both of them to NET
by su"h persons us I he Board Of Dir.c,
tors may designate.
This corporation shall commence. hu.;
ness rs soon rs the sum of Ten Th,,,s,,,,
Dollars OF its capital stock shall have
been subscribed and paid lr
/ All transfers of stock sl;l | he made an
~ on I've books of The company.
! -Arficl" N--All the powers of This cor.
p"raiion shall be- vested in and exercised
. ny Board OF Directors, consisting of
: Three Directors who shall ln.rlrc,cd at
the annual mcctug of the slolr-h,,,l,. =
t" b" h'sd on h" Third "Wednesday of
.'nly III each year; notice of this mc,irv
} S!'all be pi b!iShcd twice in two week
prior to the holding thereof. in one If
the newspapers ii. the Parish of West
feilc'a'a. AT SAID meeting every share
holder shall he entitled 10 cast one y,t.
IN person or by proxy, Oh every share If
STOCK owned ny him and - majority of
the votes east SIsall elect.
The Board of Directors shall prrscribe
the MANNER in which said meeting shall
be i,el" and the votes east and thr rrsult
aSrcrfalned The failure to ho Il any AN.
nnal meeting shall no, terminate His
charter hut the officers then in ottic. shall
contin"" III Office and shall summon AN
annual meeting as soon ~ possible.
The t'nar't of Directors If this corpora-
ton shall exercise all the powers. both
general and SPECIAL. vested in tbis c,r.
poration as fully in every respcct az tho
same might be exercised by the share
holders OF the company, and stall in no
cas-" bt required to summon % meeting
OF the shareholders of the ccn,panv to
ratfy or authorize any act, co,,t,uct ali
enatlon or encHmbrances done or entered
INTO ny the said Board of Directors said
Board Of Directors shall have the p,wer
to appoint all agents, managers. Gle Ia
and employees, and fix their salaries and
compensation. They shall have the power
10 make, change, alter and Mostly all
proper laws, rules aud regulations for
carrying their charter into effect and for
the infringement of the business of tbe
corporation.
The first Board of Directors of this
company, who shall hold office until tbe
Third Wednesday in July, 1902 and until
their successors are elected and qualified
shall be: Jacob b Mount, A Henry Sand
man and Edward Aaron, with Jacob r
Mount as President, A Henry Sandman
as Vice-President and Edward Aaron "a
Treasurer and Charles N Gordon as Secv
The officers of tins company shall he
a President Vice-Prcsi,lent, q Ii easurer
ana Secretary, (the Secretary need not
De u Shaiehol'ter or directory. The Board
OF Directors may elect one person, TO fill
the0ffcrs ofEice-Presi,lent andTreaSurer
Every director shall own at leash ono
shareot the capital stock of this company,
At all meetings of Directors. the ,irec-
tors not present on the Island of Itarcour-
rl may give their proxy or power If at
t"rncy tOa director present, such proxy
may I've either general authorizing tbe
Director who may be present to east the
vote OF the absent director ON all mattors
that may come before the board IN such