The Meridional. (Abbeville, La.) 1856-1906, 1902-04-26

OF THE
AbbeH||e Light Power & Water
Works Company, Ltd
United States of America, J
State of Louisiana, !
Parish of

the Parish of 'Vermilion, State of
Louisiana, and in presence of the wit
nesses hereinafter named and under
signed: Personally came and appeared
the several persons whose names are
hereunto subscribed who s~everafiy de-
clared, that availing themselves of the
provisions of the laws of this State
relative to the organization of, corpora
lions, they have contracted aid agreed
and do by these PRESENTS agree and
bind and obligate themselves
as well as all others as "may become
associated with them to form THEM
selves and constitute a corporation and
body corporate in law for the objects
and purposes and under the conditions,
stipulations and articles to-wit:
ARTICLE FIRST.
The name and title of said corpora
ton shall be ABBEVILLE LIGHT,
POWER & WATER WORKS COM
PANY, LIMITED, and under it's said
corporate name it shall have power
and authority to exist and enjoy sue
cess10n fora full term and period of
ninety-ni1e' years from the'date hereof;
to contract, u and be sued, to make
and use a corporate seal and the same
to break and alter at pleasure; to pur-
chase, receive, lease. hold and convey,
as well as mortgage and hypothecate
under its corporate name, property,
both real and, personal; to name and
appoint such Managers and Directors,
Officers and Agents as the interest and
convenience of said corporation may
require; and to make and establish, as
well as amend and alter at pleasure,
such bylaws, rules and regufatlousfo fol
the proper management of the affairs
OF said corporation as may be neces-
sary and proper.
ARTICLE SECOND.
The domicife of said corporation
shall be In the town of Abbeville, State
of Louisiana, and all citations or other
legal process shall be served upon the
President of said corporation, or in his
absence upon the Secretary OF the cor
poration.
ARTICLE THIRD.
The objects and purposes for which
this corporation is established and
declared to be: The erection and estab-
lishment of Electric Light, Power &
Water Works, the installation of Elec-
trical outfits and material, the pur-
chase and sale of coal, fuel oil or any {
other kind of fuel, and to do any and
all such things as may or shall be ne
cessary and proper to carry out said OBJ
Jects and purposes.
ARTICLE FOURTH.
The capital of said corporation shall
be Twenty-Five Thousand 1926, OOOl
Dollars divided in Two Hundred and
Fifty Shares of one hundred dollars; but
the corporation shall be entitled to
organize and commence business when
Nine Thousand ($9, 600. 00) Dollars of
said Capital Stock shall have been sub
scribed, which Nine Thousand Dollars
OF subscription shall be paid in cash or
its equivalent within ten days from the
date hereof.
The remaining Sixteen Thousand
($l6, O00.00) Dollars shall be issued
only on a resolution passed by two
thirds OF the Directors of the COMPANY
at a meeting called to consider the
Issuance after ten days full notice to all
Directors.
When said additional stock shall be .
issued it shall be first offered to the |.
then owners of stock in thesame pro.
portions in which they each own the
then existing stock.
Each shareholder shallhave ten DAYS
within which to take his proportion of
additional stock, and if he does not
both take and payaf for same in ten DAYS
after the allotment to him he shall lie
presumed to have refused to take same
and his allotment shall be sold by the
Board of Directors to the highest bid
der after ten days notice to each share
Notice to shareholders shall ]
be sent only to the address left by I
them with the Secretary and no notice
shall be required unless address shall
lave been SO left. Certificates of stock t
shall be issued only when paid for in ]
ull'and shall be signed by the Presi- l
dent and Secretary and shall be trans
ferable only on the books Of the CON-
pany and only on surrender or due
proof ofloss of the original.
ARTICLE FIFTH.
Ali the corporate powers of this cor
ooration shall be vested in a Board of n
Three Directors, each of whom shall
'Wn at least five shares of stock in his 2
,Wn name, to be elected annually on =
he first Tuesday in May of'each year.
The first election to be in 1903. 4
Notice of each election shall be sent :
by the Secretary by mail at least ten
before said election.
Two Directors shall constitute a