The Lafayette gazette., 1902-04-19

| and such other commodities incidental
thereto, as may he necessary or convenient
| ARTICLE III.
| The capital stock of the said corporation
shall he twenty-five thousand dollars divided
| into snd represented by two hundred and
| fifty shares of the sum of one hundred dol
lars each, which said stock shall be paid in
! subject to the call of the Board of Directors
| either at the time of subscription or the same
| may be issued at not less than par, in pay.
ment or exchange for property or right ac-
tually received OK purchased by said corPo-
| ration, and for such other valuable consi-
| derations services as the Board of Direc-
tors of said corporation may determine; pro-
vided, that no stock shall be issued until the
| consideration therefor has been received by
| 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-
| be gwen the company, and the other stock
| holders thereof shall have the first privilege
| of purchasing same, after which thirty days
| the said stock may be sold in open market.
| transferred under the above conditions,
provided such transfer thereof be made
| the books of said company, at its office
------' and on surrender of the
certificate therefor. No transfer of any
fractional part of a share shall be made.
This corporation shall commence doing
business 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 Nv.
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 quorum
for the transaction of business, and their
decisions shall be valid corporate acts.
he, foil inCyY ha fn re q
first Board of Directors: J. A. Roy, Crow
Girard, John Wilmington. F. G.. Mou'on,
Louis Lacos:e, Alex. ID. Verrot and A. f.
Mouton.
No person shall be eligible director or
All officer who is not 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, which date
and thereafter, annually, a Board of Direc-
tors shall be elected on the 18TH day of
March of each year unless the same should
he holiday, when the election shall be
held on the next legal day thereafter.
Notice of such election shall be given by
at least thirty (3o) days publication imme.
dateIy preceding each election, in of
the weekly newspapers of this city; and the
Board of Directors shall appoint one or 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. Any 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 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 majority 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 own 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 otherwise,
from among the stockholders of the corpo-
| ration.
! the property of this company. and shall SO
conduct, manage and the same 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 as the affairs and business of the
corporation may require, and it may
deem necessary for the conducting and
mana cement thereof; provided the same
shall not conflict with this charter, with
the laws of the State, of the United
States.
The said Board shall elect or appoint
secretary and such other officers, agents,
| employees, servants and clerks it may
deem necessary for the conducting OF the
business OF the corporations; fix their com
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.
This charter may be changed, modified or
amended, the capital stock increased or de
| creased, this corporation may be dis
| solved at general meeting of the stock
| holders convened for the purpose, with the
| assent of ree-fourths Of the entire capital
stock, whether present represented at
such meeting
| Ten days prior notice of such meeting
shall be given in any weekly newspaper pub
| lished in the city.
| In of dissolution termination of
this corporation, either by Limitation of its
| charter or from any cause, the liquidation
| of its affairs shall be conducted by three
| commissioners, selected from the stock
! holders. with like assent, and that meet
ing called for that purpose, as above set
~ ~: tfc1.