The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1902-02-01


authorized proxy, and who shall canvas
and declare the result of such election
the said election for members of the boar'
Of directors is TO be held. after due mott
fication thereof by the Secretary Of thi
corporation by written notice addressed
and mailed to them at their usual post
office or served personally on them, o.
shall be provided for in tho bylaws O
this corporation. For the transaction O
any and MI BUSINESS of this corpora tioE
~ majority of the board Of directors shall
constitute q quorum and at the frs
meeting of theisaid board after the frat
ANIMAL election hereinabove provided for
they shall elect from their members q
President, Vice-Presilent. Secretary
Treasurer, and such other officers az may
be provided for in the bylaws of this
corporation; and said board of directors
and their successors shall be Eauthorized
to appoint from time'tO time such other
officers, agents and employees as they
may deem necessary for the proper man
agement and carrying ont of The business
OF this corporation, and shall likewise fix
the compensation of such agents, officers
and employees, and shall; have the right
to establish all!.stch bylaws, rules and
regulations which may be deemed reqni-
site for the support, management and
regulation of this corporation.
At all meetings of the stockholders
each stakeholder shall be entitled to onr
vote, in person or by proxy, for each
share Of stock held by him or her.
The board of directors by resolution
passed by two-thirds majority of the
Whole board may designate three or more
directors to constitute an executive CON-
mittee, which committee to the extent
provided for in said resolution, are in thu
bylaws of this corporation shall have and
may execute the power of the board If
directors in the management Of the husi-
ness and the aff irs oftho corporation,
and shall have the power to authorize
the seal Of the corporation to he fixed to
all papers that nlay!require it.
The board of directors from time to |
time, shall determine, and to .-wllat ex-
tent, and what time and place, and under
what conditions and regulations the ac-
counts and books of the corporation Or
any of them shall be open to the inspcc-
ton of the stockholders; and no stock
holder shall have any right of inspecting
my books of accounts or documents Of
'he corporation except rs Conferred by
tatute or authorized by the board
If directors, or by resolution of
he stockholders.
The first board of directors herein an
'olnted, shall as soon as convenient. pro.
'lde system by-IawsifOr the manage
nent of the business and affairs of the
corporation, and provide therein for tho
necessary officers and agents required for
he corporate business, aud affairs, rs
veil as such other rules as may BE- noc,l-
III and proper for the carr, ing ont of lis
'bjects aud purposes.
Until thestirSt annual election held un-
Ter this chnrter,as heIeinaboye provided
OF, the followflgIboard Of directors and
Ulcers shall constitute the board of di-
ect"rs,as we'll as the officers respectively
+ said corporation, to-wit:
Board Of Directors
Barrow, j H Perez, J Y Anrliu. w
Forester, p Bowman, G. NJ Barrow.
| GRADER, l. TUCKER Villeret,
Officers
A + Barrow, President; JH Percy, +,
,lct,e-President, j N AnsIn, Secretary; w
Forester, Treasurer.
ARTICLE V.
mat this corporation shall have the
over to contract, sue and be sued. TO
lake and use corporate seal and same
I, alter and break at pleasure; to pnr- ,
base, hold, receive, sell, lease, as wei us ,
mortgage, hypothecate, OF pledge
ropeItY, both real aud personal, cor 4
nreaI or incorporeal, rights, and cre,lits
nd such chooses in action in such man. -;
er as may be allowed by the laws OF the
tate OF Louisiana, or in any other state d
the United States; to issue bonds {
ron'ISsory NOTES, or any other evidences s
indebtedness; to snalne, elect aud ap- :,
ONT all fuch officers, directors, mara
els, and agents as the interest aud con-
enience of said corporation NAV reauire. L
nd to provide for their payment. remov-
or substitution, in case of death, resig-
alton, absence or inability to act, or 9TH
: sufficient canse rs we as for their dis v
lirge; TO make and establish such by-
TVS, Jules and regulations for the con. q
net of its affairs as may be necessary. +
'nvenient or proper, and the same to :,
ter, change or amend ut pleasure: and
} do all such other acts and things az Il
ay be necessary to, or facilitate the u
Errying out of the objects and purposes
this corporation.
Whenever this corporation is dissolved,
ther by limitation of its charter, or
ON other cause, it's affairs shall he
lnid"ted by three commissioners to be
'pOiated from among the stockholders ;,
meeting of the Stockholders, conven. +
after notice mailed 10 said stockbold. <
3, at least for;y days before the meeting G.
Id published once week for four con-, ii
cutive weeks in one of the weekly news- =.
Ipers published in the town of Sa,utI'
Louisiana, and elected by "
ree-fOnrths of the entire capital stock o
esent OF represented Mt snch meeting. Il
i'll commissioners shall remain in office =;
It'll the affairs of the corporation Shall -
We been fully liqnidated, and in case 81
the death of one or more of said COM OF
ssioners, the other commissioners or ii