The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-05-30

lease, sell and convey property, both real
and personal; to hypothecate AMI mortgage
| its real property and personal effects, but no
| mortgage shall be given on it's real property,
except when authorized at a meeting of
| stock holders. after a majority of stock
| subscribed has been voted in favor of
granting proposed mortgage; to appoint
| such officers as the business Of the corpora
ton may require, and to make all necessary
| rules and bylaws for the successful conduct
OF the business, and the same to change at
will.
ARTICLE ".
The purposes and objects for which This
corporation is formed are hereby declared
TO be: TO conduct n general wholesale gro
Gerry and commission business, and to do
any act necessary TO successfully conduct
the said business.
ARTICLE V.
All citations or process of law shall he
served on the president. or in his absence on
The vice. pi eSidcnt, the abseuce of both
OF these on the secretary.
ARTICLE vi.
The capital stock of this corporation is
hereby fixed at fifty thousand dollars, di-
v'ded into five hundred shares of one
hundred dollars each, and this corporation
shall be authorized to do business as soon
as twenty five thousand dollars of its stock
have been subscribed for.
ARTICLE VII.
The business affairs of this CORPORATION
'i'i nc conducted under the management
and control of Board of Directors, to be
composed of five stock holders, three of
whom shall constitute n quorum.
The board of directors shall elect a pres
laent. vice president, and secretary and
treasurer, and sue h other officers as NAV be
necessary for the management of this cor
poration. 1t shall have power to fill all VA
cancies occurring either by death, res,gna-
ton or otherwise. The Offices of secretary
AMI treasurer may be consolidated and held
10y one person.
F. Demanade, J. X. Jeanmard, N. p.
Moss. I. Moore Biossat and :. r. Parker |
son shall compose and constitute the first |
board of directors, with +. Demanade as |
}. r. Jeanmard as vice president |
and Geo. A. DeBlanc as secretary and |
treasurer; the said named persons shall
mold their respective offices until the second
tuesday, of May 1904, at which time and
thereafter, new board of tirec-
ors and officers shall he elected ma
or'ty OF the votes cast at 4 meeting of the
lock holders shall elect, each stock holder
icing entitled to cast either in person or by
'roNy, one vote for each share of stock |
'wned by him. Said meeting shall be given
l"t'ce OF by publication for thirty days in
:wspaper published at Lafayette, Louis.
ana and held in the offices of the company
lect officers as provided for, shall in no
manner affect the business of this company.
nd the officers shall hold Office until their
successors are elected and have qualified
ARTICLE VIII.
n" transfer of stock shall be binding on
he company until it has been recorded on
ne books of the corporation. In the event
ny stock holder desires to sell his stock he
nall give the remaining stock holders the
rivilege of purchasing same at the ruling
'arket price thereof.
ARTICLE IN ,
No stock holder shall be held personollx :
able for the faults Of this corporation. Enr
iAl' any stock holder be liable for to any f
eater extent than the unpaid balance due
l stock purchased by him. No inforn,aIi,y