The Meridional. (Abbeville, La.) 1856-1906, 1902-01-25

is a member, at least one share of
stock, tie be elected annually on the
second Monday of January of each
year, the first election to be held in
January, 1903, and the Board elected
on organization shall hold their office
until the second Monday in January
nineteen hundred and three.
Notice OF elections shall be given
each stakeholder Ivy mail not later than
fifteen days proceeding the date of
such election, and the directors elect
ed shall continue in Office until their
successors have been chosen by ballot
and qualified All elections shall be
held at the office of the company under
the supervision of three Commissions
ers who shall be appointed from among
the stockholders present, by thetPtesi-
dent
A majority of the Board of Direct
ors shall consti ute a quorum for the
transaction of any business, and no
proxies shall be allowed at meetings of
the Board. The Bo9rd of Directors
may by a majority vote Of al the
Directors, mortgage. ledge any
property 5iaagIGg e fha corporation,
Or sell ~ lease the saute, without refer
ebce to Stockholders. ana il he same
manner they may purchase for cash or
on credit any property req2ired for any
of the purposes Of the corporation. The
Board shall have power to employ and
dismiss at pleasure any and al en-
ployees OF the corporation, define their
duties and fix their enumeration.
The Beard Of Directors shall elect
from their number a President, Vice
President and a Secretary, and the
Board shall have full and general power
to do all things and acts necessary to
carry out the objects and purposes for
which the corporation is organized.
Checks and notes shall be signed by
the President and cauntersigned by
the Secretary, who shall be ex-Officio
Treasurer Of the corporation.
In case of a vacancy in the Board
through death, or Inability of a men,
Der to quality the remaining members
of the Board shall elect a stakeholder
to fill such vacancy.
Failure 10 hold the annual meeting
shall not affect The corporation, but the
.3tteling> shall be held thereafter as
sfl.n az possible.
tFsitil the regular election to be held
lie second Monday of January, 1903,
ne following shall compose the Board
OF Directors: Elias Broussard, Lodias
Leblanc, J. N Greene, SEVERN Lee
Blanc aud ". p. Edwards, with Elias
II atssard, President; !.odias Leblanc,
Wee President, and SEVERN Leblanc,
sc etary aud Ex-Oficio Treasurer.
ARTICLE 9Th.
Whenever this corporation is dis
solved by limitation or otherwise, its
affairs shall he liqnidated by three
commissioners to be appointed by the
stockholders at a speaial meeting Of
stockholders called for the purpose.
after 80 days-preeious notice saaii have
been given by publication in a news
paper published in the town of Able
Vile. In, and a vote Of the majority ~
the shares shall be necessary to elect
such commissioners.
ARTICLE tn.
In all meetings OF shareholders, each
share of stock shall BIZ allowed TO cast
one vote, and stockholders may be rep
resented at such meetings by proxy in
writing.
ARTICLE STH.
This charter or act of Incorporation
may be amended in any particular not
inconsistent with law, or the corpora
ton may be dissolved at a genera.
meeting of stockholders convened for
the purpose after thirty days notice by
publication in a newspaper published
il Abbeyille, La, by a tbree-fourths
vote Of the shares present and repre-
scented at such meeting.
ARTICLE 9TH.
No shareholder shat be liable or
responsible for the debts, contracts or
faults of said corporation beyond the
unpaid balance due on tile shares of
stock owned 10y him, and no mere in
foImaiity in organization shall have the
J effect Of making any stakeholder liable