The Meridional. (Abbeville, La.) 1856-1906, 1902-04-12

oit vi IIul NO
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 negotia| lie paper.
All contracts. checksaud notes of the
company shall he 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 counterstgned by the Secretary and
Treasurer, and in case OF the inability
of qhe Secretary and Treasurer to act,
then by some CHE designated by the
Board Of Directors. Until the next
general meeting to be held under this
Charter, viz OF the second Monday in
June, 1903, the Board of Directors
of this company shall be composed of
W. Fl. Hunter Jr.. SEVERN Leblanc, j.
Nelson Greene, T. A. Godchaux, A. j..
GODDARD, P. Il. Roy, d, l., Mcpherson,
j. I. Labit, ". B. White, Elias Brous-
sard and NJ. r. Cushman, with W. Fl.
Hunter Jr., President; 7. B. Roy, Vice
President and d. l.. Mcpherson, Secre-
tary ard Treasurer. In case OF any
vacancy ia the above named Board of
or any other, the remaining members
Of the Board shall have the power to
I'll said vacancy from among the
shareholders. and ali Directors ard
Officers shall remain in office until their
successors shall have been elected and
qualified. The Board OF ID ~rectors
shall have power to employ all neces-
sary assistance in the way Of mama
gers, qnok keepers and to make and
use a set of Bylaws to govern the oper-
alton of the corporation. Failure to
hold tie annual meeting shall not dis
solve the corporation, but the meeting
shall be held as oon 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-fouIths of the share
holders present or represented at a
meeting convened for that purpose,
after three weeks advertisement in any
weekly paper published in the town of
AbbeVille, Louisiana, and written no.
tees mailed to each stakeholder at bis
last known postoffiee address. The
corporation shall have the power to
make andus S a corporate seal and the
same to break and alter at pleasure.
ARTICLE VII.
No stakeholder shall ever 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 of stock owned by
him, nor shall any mere inful naiity |
III organization have the effect of rel
dering this Charter null or exposing Il
stakeholder to any liability ue,and the
amount of his unpaid stock nor shall
any informality or i%rregularity in or
ganiza1ion have the effect of rendering
any stakeholder liable as 1t partner.
ARTICLE VII.
Whenever this corporation is dis
solved either by limitation Of tie time
Or by the determination of the stock
holders, its affairs shall be liquidat-
eel under the supervision of three COM
mlSsioaers to be known as l%lqnidating
commissioners, to be appointed for the
purpose at a general meeting of the
stockholders, convened, after fifteen
days notice, which shall be sent by
mail TO the addresses Of all the stock
holders whose addresses shall be
known to o. who shall have left their
addresses with the Secretary and
Treasurer, and shall be published for
two weeks i'll any weekly newspaper
\ 1htIShnf i'm thu fntr1 nj AIl,,,;ti~# /
Louisiana, at such meeting, to consider
the liquidation OF the corporation the
result shall ue determined by the con-
sent OF alree-fourths Of the stock pres
ent or represented at such meeting, in
case Of death or inability of one of The
liQnidators to act, the survivors shall
act alone.
Thus done and passed at my office in
the town Of Abheyille, Parish of Yer
million, State Of Louisiana, the dav,
Year and month first above written,
in presence of j.. B. Shaw and Gustate
GodchauX, two competent witnesses
WHO hereunto sign their names with
said %appearers and me, said Notary,
after due reading.
Witnesses:
G. Godchaux,
John B. Shaw.
Hame5 Address, No. Shares and
Amount.
W. H. Hunter Jr., Milton, La. so shares,
five thousand dollars.
SEVERN Leblanc, Abbevil1e, La. 90
shares, two thousand dollars.
P. B. Roy, Abberille, La, Is shares;