The Lafayette gazette., 1902-04-12


| ARTICLE III.
The capital stock of the said corporation
shall he twenty-five thousand dollars DIVIDE
into and represented by two hundred an,
fifty shares of the sum of one hundred dol
lars each, which SAID stock shall be paid il
subject to the call of the Board Of Director
either at the time of subscription or the sam
may be issued at not less than par, in pay
tually received OK purchased by said corpo
ration, and for such other valuable consi
derations or services as the Board of Direc
tors of said corporation may determine; pro
| vided, that no stock shall be issued until tn.
consideration therefor has been received b,
the said corporation.
Any stockholder may sell, assign or trans
fer his stock in this corporation, provided
! thirty (3o) days prior notice of such inten
tion to sell, assign or transfer the same tc
| be gwen the company, and the other stock
holders thereof shall have the first privilege
! of purchasing same, after which thirty days
| The stock of said corporation may he
| transferred under the above conditions,
! provided such transfer thereof be made on
| the books of said company, at its Office
certificate therefor. No transfer of any
fractional part of a share shall be made.
| This corporation shall commence doing
business as sOOn as ten thousand dollars of
| the capital stock shall have been subscribed
for.
The Board of Directors shall have the
right to determine how much stock shall be
issued.
ARTICLE ~.
The corporate powers OF. this company
shall be vested in and exercised by board
of seven directors, consisting of the presi-
dent, vice president and five stockholders.
-Four of said board shall constitute a quorum
for the transaction of business, and their
decisions shall be valid corporate acts.
The following persons shall constitute the
first Board of Directors: J. A. Roy, Crow
Girard, John Wilmington, +. G. Mouron,
Louis Lacos,e, Alex. ID. Verrot and a. +.
Mouton.
No person shall be eligible as director or
an officer who is not a stockholder of this
company.
During the absence of the president the
vice president shall act and preside.
Said Board shall continue in office until
the 18th day of March, 1908, on which date
and thereafter, annually, Board of Direc-
tors shall be elected on the 18th day of
March of each year unless the same should
he a holiday, when the election shall be
held on the next legal day thereafter.
Notice of such election shall be given by
at least thirty 800 days publication imme-
diateiy preceding each election, in one of
the weekly newspapers of this city; and the
Board of Directors shall appoint one more
stockholders to preside at such election as
commissioners. In the event of the failure
of any commissioner or commissioners to at
tend, the president shall by appointment,
fill the vacancy. Amy failure f,om any
cause whatever to elect directors, the day
named for that purpose shall not dissolve
the corporation, but the directors then in
Office, as we'll as the officers of said company,
shall hold over until their successors are
chosen.
In such event the president shall cause
another election to be held within thirty
days, and shall give notice thereof as herein
before provided.
At every election and meeting each
stockholder shall be entitled to vote for
each share of stock registered in his name,
and may vote by proxy.
The election of directors shall be by
ballot, and the ma jority in amount of votes
cast, each share of stock voted upon to be
counted for one vote, shall elect the person
or persons for whom they have been cast.
After each election the Board of Direc ,
tors shall elect from their number :he !
officers of said company.
ARTICLE V.
The Board of Directors shall have full |
power to fill vacancies in their number /!
caused by death, resignation or otherwise, !
from among the stockholders of the corpo-
ration.
The said Board shall have full control of !
the property of this company. and shall SO
conduct, manage and use the same as in !
their discretion they deem fit, and that is .
consistent with the objects of this company, |
or the welfare of the same.
The said Board is further authorized to
frame and adopt such bylaws, rules and !
regulations the affairs and business of the !
corporation may require, and it may
deem necessary for the conducting and !
ma nagement thereof; provided the same
shall not conflict with this charter, or with ,
the laws of the State, or of the United !
States.
The said Board shall elect or appoint a |
and such other officers, agents,
servants and clerks it may
deem necessary for the conducting OF the
business OF the corporations; fix their
pensation. term of service, with the right TO ,
dismiss them at said Boards pleasure; and |
said Board shall have the right to fix and |
determine the salaries of the several officers
herein provided for.
ARTICLE VI.
amended, the capital stock increased de
solved at a general meeting of the stock
assent of three fourths of the entire capital |
such meeting.
Ten days prior notice of such meeting
shall be given in any weekly newspaper pub
lished in the city.
In case of dissolution termination of
this corporation, either by Limitation of its
charter or from any cause, the liqudati
of its affairs shall be conducted by three
selected from the stock |
holders. with like assent, and that meet
ing called for that purpose, above set
forth in this article.
Said commiss .oners shall remain in office
until the affairs of said corporation shall
have been fully liquidated. In case of the
death of one or more of said commissioners