The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-11-14

and thereafter annually a board of directors
shall be elected on the first day of July of
day, when the election shall be held on the
next legal day thereafter. Notice of such
election shall be given by at least ten days
previous to the said election through the
secretary who shall duly notify all the
stockholders. Any failure from any cause
whatever to elect directors on the day
named for that purpose, shall not dissolve
the corporation but the directors then in Of
flee 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
hereinbefore provided.
At any election and meeting each st ock-
holder shall be entitled to vote for each
share of stock registered in his name, and
may vote by proxy. The election of direc-
tors 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 directors shall elect from their own
number the officers of said company.
ARTICLE "
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 said board shall have full con-
troll of the property of this company and
shall so conduct, manage and use the same
in their discretion they deem fit and that
is consistent with the objects of this com
pany or the welfare of the same. The SAID
board is further authorized to frame and
adopt such by laws, rules and regulations
as the affairs and business of the corporation
may require and as it may deem necessary
for the conducting and management 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
such officers, agents, employees, servants
and clerks as it may deem necessary for the
conducting of the business of the corpora
ton: fix their compensation, term of service
with the right to dismiss them at said
Boards pleasu re: and said board hall 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 de-
creased, Or this corporation may be dissolved
convened for the purpose with the assent of
two thirds of the entire capital stock
whether present or represented at such
meeting. Ten days prior notice of such
meeting shall be given through the secre-
tarv to all the stockholders of the said cor
poration. In case of dissolution termn-
alton of this corporation either by limitation
of its charter or from any cause the lquida-
ton of its affairs shall be conducted by three
commissioners selected from the stock
called for that purpose as above set forth in
this article. Said commissioners shall re-
main in Office until the affairs of said corpo-
ration shall have been fully Hquidated. In
commissioners the sur vvors or survivor shall
continue act.
ARTICLE VII.
ever be held liable or responsible for the
contracts faults thereof in any further
sum than the unpaid balance due the COM
pany on the sha res of stock subscribed for
or owned by him, nor shall any informa atty
in organization have the effect of rendering
this charter null or of exposing stock
holder to any liability beyond the unpaid
balance if any of his stock.
Thus done and passed at my notarial office
in the town of Carencro, Parish of I.afa-
yette. State of Louisiana, the day,
month and year herein first above written
in the presence of T. w. Brown and Ernest
France, competent witnesses of lawful age,
who her eunto sign :heir names together
with said parties and me notary after read
ing of the whole.
Original signed,
Geo. E. n......................2s shares
Ss9 o. kro Meleh'or: s shsTes
WITNESSES:
THOS. w. BROWN,
ERNEST FRANCEZ,
c. f. LATIOLAIS,
Notary Public.
Filed July grid. 1908, recorded same date
in book of Messls. Acts page 35I and
$50.
(Signed) F. X. HOPKINS,
by. Clerk of Court.
State of Louisiana,
Parish of Lafayette.
l hereby certify the above and foregoing
to be true and correct copy of the orig inal
act on file and of record in my Office.
Witness my hand and seal of office at La
fayette. La, this 9th day of July A. d.
1903. F. K. HOPKINS,
by. Clerk of Court.