The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1904-02-24

composed of twelve stockholders
seven of whom shall constitute y
uuarum for the transaction OF business
| and each of whom shall have IN nj:
own name at least three shares OF
stock. From this Board of Directors
shall be chosen by the Board tne
President and Vice President OF this
Association: said choice to be mace
at the first meeting OF each new BOaro;
All checks or drafts for money snail
be drawn by the President. shall De
entered and cOuntersigned by the
Secretary of this Association.
ARTICLE X.
The following named persons shall
constitute the first Board OF Directors
and so continue to remain until the
first Monday of December 1904 and
until their successors shall have been
elected as herein provided, namely:
Henry Robertson, Joseph Boudreaux.
Samuel A. Fisher. Jesse Couch,
DamOnville DOucet. Adam Figaro.
Joseph Dugas. Albert E. WOOdley.
Joseph F.. Pellerin, Hamilton B.
Hawkins.
ARTICLE XI.
The Board of Directors shall be
elected by the shareholders by ballot.
Oll tLc uESl AlCLOdN VI DOSCAAOOA Vi
each succeeding year. each share to be
entitled to one vote. to be cast by the
owner personally or under his written
proxy to another shareholder. a
majority of the votes cast electing.
All vacancies occurring on the Board
shall be filled by the Board from
among the stockholders.
ARTICLE XII.
There shall be a Secretary and a
Treasurer to be elected by the Board
of Directors, the Secretary shall re
ceive such salary as may be deter
minsd by the shareholders at their
annual meeting: they shall be emOva
BILE by the Board for cause. The
Treasurer shall furnish bond " tn
solvent security for the faithful per-
Torrance of his duties. The amount
of the bond to be fixed by the Board
and the same to be approved and
accepted by them. The Treasurer
shall deposit the monies of the AssO-
| citation in a Bank named by the Board
of Directors.
ARTICLE XIII.
This Charter may be changed, mOdi-
fed or altered, or this corporation
NAV be dissolved by and with the
express assent of three-fOurths OF the
stockholders, at a special meeting of
said stockholders called for that pur-
pose by ten days previous notice by
mail, stating the object of the meeting.
ARTICLE XIV
No informality in the organization
of this corporation shall have the
effect of annulling this charter or
expose any shareholder to any liabi-
lity beyond the unpaid balance on his
stock.
ARTICLE XIV.
The several offices as above men,
toned in this charter shall be respec-
lively filled until the next regular
election for same by the following
named incOrpOratOrs, to wit:-That of
President by Albert E. WOOdley:
Vice-President by JOS. E. Pellerin:
Secretary by Hamilton B. Hawkins:
and Treasurer by Willie Williams.
ARTICLE XVI.
ANY member of this corporation who
may hereafter wish to withdraw shall
communicate his intention to that
effect, in writing to the Board of
Directors. at least thirty days in adj
vance. Any shareholder withdraw
ing within one year after entering the
Association shall receive the amount
paid in by him less his prorata OF ex-
penses for the year; any shareholder
Withdrawing one year after entering
the Association shall receive only ten
Transfers of stock shall only be made
upon the books of the Association and
by the issuance of q new certificate
therefor. for which a charge of ten
cents shall be made.
ARTICLE XVII.
All applications for stock shall be
presented to the Board of Directors
for approval.
ARTICLE XVIII.
At the dissolution of this corpora
ton by limit of time, by consent or
otherwise, it's affairs shall be liQuida-
ted under the supervision of three
commissioners from among the stock
holders to be selected for that purpose
by the Board who shall have full
power to sell all assets of whatever
kind belonging to the Association.
convey full and complete title thereto,
receive payment therefor and gem
orally to do and perform all acts
necessary for q faithful and complete
settlement and liquidation of it's
affairs.
Thus done, executed and signed be-
fore me, and in the presence of Charles
M. ParkersOn and Samuel r. Parker
son, two competent witnesses, who
sign their names with said appearers
on the date first above mentioned.
The following named ~appearers not
knowing how to sign make their or
binary marks.
(Signed) ALBERT f. WOODLEY
HENRY x ROBERTSON