The Meridional. (Abbeville, La.) 1856-1906, 1902-03-29

also purchase Tor cash OF on credit,
property of any kind required for any
of the purposes of this company with
out authority of shareholders. The
Board of Directors have the power to
issue or confer general power or special
power on the President to issue promis-
sorry notes or other negotiable paper.
All contracts, ~checksand notes of the
company shall be signed by the Presi-
dent and countersigned by the Sec
rotary and Treasurer; and in case of
the absence or inability of the Presi-
dent to act, then by the Vice-President
and countersigned by the Secretary and
Treasurer, and in case of the inability
of che Secretary and Treasurer to act,
then by some one designated by the
Board of Directors. Until the next
general meeting to be held under this
Charter, viz on the second Monday in
June, 1903. the Board of Directors
OF this company shall be composed of
W. r.. Hunter Jr., Severil Leblanc, j.
Nelson Greene, F. A. Godcnaux, A. j..
GODDARD, P. B. Roy, D, L. Mcpherson,
j. T. Labit, W. B. White, Elias Brous-
sard and M. R. Cushman, with w. q.
Hunter Jr., President; P. B. Roy, Vice
President and D. L. Mcpherson, Secre-
tary and Treasurer. In case of any
vacancy in the above named Board of
or any other; tie remaining members
of the Board shall have the power to
fill said vacancy from among the
shareholders, and all Directors and
Officers shall remain in Office until their
successors shall have been elected and
qualified. The Board of Directors
shall have power to employ all neces-
sary assistance in the way of mana
gers, qook keepers and to make and
use a set OF Bylaws to govern the oper-
alton of the corporation. Failure to
hold the annual meeting shall not dis
solve the corporation, but the meeting
shall be held as soon as possible after
the regular day.
ARTICLE VI.
This act of incorporation may be
changed, modified or altered, or the
corporation may be dissolved by the
assent of three-foulths of the share
holders present or represented at a
meeting convened for that purpose,
after three weeks advertiseneptin any !
weekly paper published In the town of
Abbeville, Louisiana, and written no.
tees mailed to each stakeholder at his
last known postofice address. The
corporation shall have the power to
make ndu a corporate seal and the
same to break and alter at pleasure.
ARTICLE VII.
No stakeholder shall eyer be liable
or responsible for the contracts or
faults of the said corporation in any
further sum than the unpaid balance
due on the shares o stock owned by
him, nor shall any mere informaiity
IN organization have the effect of re1-
derlng this Charter null or exposing a
stakeholder to any liability beyond the
amount of his unpaid stock nor shall
any lnformality or irregularity in or
ganlzatlon have the effect of rendering
any stakeholder liable as a partner.
ARTICLE VIII.
Whenever this corporation ia dis b
solved either by limitation of the time
or by the determination of the stock.
holders, its affairs shall be liquidat-
under the supervision of three COM
missioners Touchdown as lquidating
commissioners, to be appointed for the
purpose at a general meeting of the
stockholders, convened, after fifteen
days notice, which shall be semi by
mail to the addresses of all the stock.
holders whose addresses shall be
or who shall have left their s
addresses with the Secretary and |
Treasurer, and shall be published for I
TWO weeks in any weekly newspaper
published in the town of Abbeville. a
Louisiana, at such meeting, to consider
5he liquidation OF the corporation tie
'esult shall be determined by the con-
'ent OF three-fourths of the stock pres
INT or represented at such meeting, in
OF death or inability of one of the
to act, the survivors shall
tct alone. y
Thus done and passed at my Office in y
he town of A%bbeville, Parish of Yer +
nliloD, State of Louisiana, the day, 9
ear mi month first above written. .
o presence OF j. B. Shaw and Gustaye a
iodchaux, two competent witnesses =
Who herennto sign their names with
aid appearers and me, said Notary,
tier due reading.
Witnesses: s;
Godchaux, 2,
ohm B. Shaw. 81
lame, Address, No. Shares and
Amount. -
'; H. Hunter Jr., Milton, La. 80 shares, !
five thousand dollars. \
everin Leblanc, Abbeville. La. % I