The Meridional. (Abbeville, La.) 1856-1906, 1902-01-18

0Yn and h0lU III least 1--WE uahuioa
shares Of the stock Of said corporation.
Said Directors to be elecIedat a general
meeting oil the stockholders convened
for that purpose on the first Monday OF
February, 1903. and thereafter to be
elected at such meeting on the first
Monday in February, of each year.
Notice of such meeting shall be PUT
lished m a newspaper issued at Able
Vile, La, three times, the first notice
to appear at least ten days preceding
such election. ALI elections shall be
held at the Office of said corporation at
Abbeville, La under the supervision OF
three stockholders appointed for the
purpose by the Board of Directors at
it's last regular meeting preceding the
date of such election. The seven stock
holders receiving the highest vote
shall be declared elected. Failure to
! hold election on the day specified shall
not cause or operate a dissolution of this
corporation but the directors shall hold
over until their successors are elect
ed and installed. Vacancies occurring
on the Board from any cause whatever,
shall be filed by the remaining Direc-
tors from among the stockholders
qualified to serve as Directors. Four
Directors shall constitute a quorum.
Meetings of stockholders not herein
provided for shall be called III the
manner and upon such notice as may
be provided in the Bylaws OF said
corporation. Each Board of Directors
at its first meeting, shall elect fiom its
members a President, a Vice President
and one to serve as Secretary and
Secretary and Treasurer.
ARTICLE vi.
The following-named persons shall
constitute the first Board Of Directors,
and they are invested with all the
rights, powers, and duties herein
specified, and shall continue in office
until their successors are elected and
installed, as herein provided, to-wit:
Victor Won Schoeler, John D. Grace,
Sam We'll, Morgan Hebert, Thomas P.
Fleming, A. Henry Broussard and
Frank Hubert; of whom Victor Won
Schoeler shall DE President, John D.
Grace, Vice President, Sam We'll, Sec
rotary and Treasurer, and Morgan He
bert, superintendent. The President
is constituted the General Manager of
this corporation and dir cted to engage
and discharge all officers, employees
and agents of shis corporation, to enter
into contracts and do all other acts and
things in and about the business of this
corporation which in his Judgment
shall appear just and proper.
ARTICLE VII.
This act of incorporation may be
charged, modified or altered with the
assent of three-fourths of the stock
represented at a general meeting con-
vened for that purpose, after thirty
days previous notice OF such meeting
shall have been given by advertisement
in one OF the weekly papers published
in the Parish of Vermilion; and such
changes as shall be desired in reference
to the capital stock, to be made in &C
cordance with the statute of this State
bearing on such action.
ARTICLE VIM.
No stakeholder shall ever be held liable
or responsible for the contracts or fanlts
of said corporation in any further sum
than the unpaid balance due on the share
VI 5luItS VI StoCk Su USGElDCu U ny lllult
nor shall any mere informality in organi-
cation have the effect of rendering this
charter null or exposing a stakeholder to
any liability beyond the amount due on
his subscription to the stock.
ARTICLE TX.
At the expiration of ills Charter. or, if
sooner dissolved. the affairs of this cor
poration shall be liquidated by three
Commissioners 10 be appointed by the
Board of Directors and such Commits
sioners are hereby vested with full pow
power to sell any all the assets and prop
erty, both real and personal, OF the cor
poration and give and grant full and
complete title thereto, and shall have
: full power and authority to do and per-
form all acts necessary. useful and prop
er to fully and completely wind up and
proceeds, if any, among the stockholders,
and in case of the death or disability of
one or more of such Commissioners the
SURVIVORS or survivor shall continue to
act.
Each and every one of the subscribers
whose names are hereunto signed, SUBJ
scribe for capital stock in this corpora.
ton in the amount herein below set OPP
posite their respective names.
Thus done and passed in my office in
the Town of Abbeville, Parish of Vermil-
ion, State of Louisiana. on the day and in
the month and year first above mention
ed in the presence of Messrs Joel Moody
l and Il. w. Warhinton both of Vermilion
Parish, La, competent witnesses who
! have signed these presents with said
= appearers and me. Notary, afterdue read
ing of the whole.
Shares.
7750 (Signed) Victor Won Schoeler. seven
thousand seven hundred and fifty
! shares.
! 1000 (Signed) Jno. D. Grace, one thousand
shares.
500 tSigned) S. We'll. five hundred shares