The Meridional. (Abbeville, La.) 1856-1906, 1901-01-19
ARTICLE FIFTH.

p0FdtlOH snail be vested In ana De oX-
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
year; 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 board of direct
ors and in the absence of any of said
commissioners, the president shall have
power to fill the place by appointment.
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
flee until their successors shall have
been elected and qualified.
Five directors shall constitute a
quorum for the transaction of any busi-
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-fourths vote of all the
directors to sell, lease, mortgage or
pledge any and.,all the property, NOV
able and i~mmovable, 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 share
holders.
All contracts, checks and notes of
the company shall be signed by the
president; OF, in bis absence or inability
to act, by the vice-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 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 remuneration.
The board of directors at first meet
ing after election shall elect from their
number a president and vice-president
and shall elect a secretary and treas
urel. who need not be a stookholder in
tst' corporation.
The board Of directors shall have the
power to make and establish, us well
rs amend and alter, all bylaws, rules
and regulations deemed requisite for
tie support and the management Of
tie affairs and business of the corpora
ton; to make and issue bonds. notes
and other obligations; to issue and de-
liver bontlsOr obligations thereof; for
property transferred to and received by
the corporation; and to do all sglch acts
and things as may be necessary to car
ry out the objects and purposes for
which this corporation is organized.
Hntit the next general meeting to be
held under this charter, VIZ: On
the first Monday Of May 1902, tie board
Of directors shall le composed Of Eli
Wise, Gus Godchaux, l.. o. Broussard,
l.. sekoloski, A. Kaplan, Jos. Blum,
j. NJ. l.icbienstein,S 3. w. L~ichtenstein,
Henry Kaplan. with Eli Wise as presi-
deat. aniGns Godchaux vice-president.
Inc secretary and treasurer, and all
officers are to be elected by the board
directors:
In case ofany 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, it's affairs shall
be tiqnldated 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 n of the newspapers pub
lished in the town of Abbeville, La,
and in one 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
llquldated. and in case of the death of
one or more of said commissioners, the
or survivor shall continue to
act.