The Meridional. (Abbeville, La.) 1856-1906, 1901-01-05
AkrIeLE FlFrH

1 maine or in the name Of a partnership
whereof he is a member at least y
share Of stock. to be elected annually
on the first Monday of May Of each
year; the first election to be held i9O2
All such elections shall be by ballot
at the office of the corporation under
the supervision Of three commissioners
to be appointed by tho board of direct
ors ana 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
fee until their successors SHAH have
been elected and qualified
Five directors shall constitute q
Quorum for the transaction of anY husl-
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 o. SAID
absent director according to the writ
ten instructions of said absent director
The Board of directors shall have the
power by three-tourths 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 tho
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. e,
Ali contracts, checks and notes of.
the company shall be signed by the
president; or, in his 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
4 the corporation.
The board of directors shall have the
power to make and eStab i>h, as well
as amend and alter, all by laws, rules
and regulations deemed requisite for
the support and the management of
the affairs and BUSINESS OF 5iie c0rp"ra-
ton; Ia 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 10 de all such acts
and things as laay be necessary To rlr-
~ out the objects AMI purposes for
which this corporation is organized.
Until the next general meeting 70 be
held under this charter, VIZ: On
the first Monday Of May 1902. the board
of directors shall g composed OF Eli
Wise, Gus Godchaux, T.. O. Bloussaul,
L. Sokoloski, A. Kaplan,. JOS. Blum,
d. M. Liciltenstein.S ). w. L~iehlenstela,
Henry Kaplan, with Eli Wise as prfsi-
dent, and Gus Godcbaux eice-president.
The. secretary and treasurer, ard all
officers are to be 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 ard quail
fed.
Failure to hold the annual meeting
shall not dissolve the corporation, but
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 ~liquldated by three commiss toner's,
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 adveT-
tisement ia one of the newspapers pub-
lished in the town of Abheviile. La,
and in one of newspapers published in
New Orleans and the vote of the own
ers of a majority Of the shares, shall be
required to elect. Such commissioners
shall remain in office until the affairs Of
the corporation shall have been July
liquidated. and in case of the death of
n or more of said commissioners, the
survivors or survivor shall continue to
act.
ARTICLE SEVENTH.