The Meridional. (Abbeville, La.) 1856-1906, 1902-01-11

shall be vested in and exercised by a
Board of Directors composed OF seven
~ persons, who must continuously
during their incumbency as directors,
own and hold at least five hundred
shares of the stock of said corporation.
Said Directors to be elecuedat a general
meeting of the stockholders convened
for that purpose on the first Monday OF
February, 1908, and thereafter to be
elected at such meeting on the first
Monday in February, of each year.
Notice of such meeting shall be pub
lished in a newspaper issued at Able
Vile, La, three times, the first notice
to appear at least ten days preceding
such election. All 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
its 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 Dlrec-
tors from among the stockholders
qualified to serve as Directors. Four
Directors shall codstitute a quorum.
Meetings of stockholders not herein
provided for shall be called in 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 from its
members a President, a Vice President
and n 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 oe 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 directed 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 Jhree-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 n of the weekly papers published
in the Parish of Vermilion; and such
changes as shall be desired ia reference
to the capital stock, to be made in &C
cordance with the statute Of this State
bearing on such action.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
OF SAID corporation in any further sum
than the unpaid balance due on the share
or shares of stock subscribed for by him:
nor shall any mere informaIity in organi.
cation have the effect of rendering This
charter null or exposing a stockbolder to
any liability beyond the amount due on
his subscription to the stock.
ARTICLE TX.
At the expiration of this Charter, or. if
sooner dissolved, the affairs of this cor
pOratlOn shall be Inundated bV three