The Opelousas courier., 1904-08-27
ARTICLE VII.

Shares may be issued by the board of direct
Ors as paid stock in payment for property ac-
quired by the Association, for payment Of labor
done, or for service rendered and accepted,
tWO-thirds of the board consentlpg.
ARTICLE VIII.
The non-payment of monthly instalments on
shares shall subject the owner to an additional
liability Of five cents per month on each share,
and a failure to pay such installments for three
consecutive months shall operate as an abso-
Lutte forfeiture of the shares or share owned by
the delinquent, without notice, in favor of the
Association.
ARTICLE TX
All corporate powers and the entire man age
ment of It's business shall be vested in board
of directors to be composed OF twelve stock
holders, seven OF whom shall constitute a
quorum, for the transaction of business, each
of whom shall have in his own name at least
three shares of stock. From this board of di-
rectors shall be chosen by the board the presi-
dent and vice-president of this Association.
Said choice to be made at the first meeting of
each new board.
All checks or drafts for money shall be drawn
by the president, and shall be entered and coun-
tersigned by the secretary of this Association.
ARTICLE X.
ssSe following named persons shall constitute
the Nrst board of directors, and so continne to
remain until the first Monday of September,
1905. and until their successors shall have been
elected az herein provided, namely:
Finegan Hams, president; Sam Reed, vice
president; David Locks, treasurer; Moses B0r-
delOn, secretary; VIM. johnson, Edgar Renty,
Lawrence c. Simon, Jas. Ballard, Felix Mack, 81,
Henry White, Ii. 2. Jones, Robert Rudolphe.
ARTICLE XI.
The board of directors shall be elected by the
stockholders by ballot on the first Monday in
September, each succeeding year. Each share
to be entitled to one vote, to be cast by the
owner personally, or under his wristen proxy
to another stocknoder, a majority of the votes
cast eecting. All vacancies on the board shall
be filled by the board from among the stock
holders.
ARTICLE XII.
There shall be a secretary and treasurer
elected by the board of directors. The sec
retary shall receive such salary as may be de
termined by the share holders at their annual
meeting. They shall be removed by the board
for cause. The treasurer shall furnish bond
with solvent security, for the faithful per
fOrmance 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 Association In O
bank ma med by the board of directors.
ARTICLE XIII.
This charter may be changed, modified OF
altered, or this corporation may be dissolved
by and with the express assent OF three -fourths
of the stockholders at a special meeting O
said stockholders called for that purpose, ter
days previous notice by mall, stating the OBJ
ject of the meeting.
ARTICLE XIV.
No informality in the organization of this
charter corporation shall have the effect of an
nulling the charter or expose any shareholder
to any liability beyond the unpaid balance O
his stock.
ARTICLE XIV.
The several offices as above mentioned il
this charter shall be respectively filled unit
the next regular election for same by the fol
| lowing named incorpOratOrs, tO-wit: That o
| president, Finegan Hams; Sam Reed, vice
| president; David Locks, treasurer; Moses Bor
delon, secretary, VIM. johnson, Edgar Renty
| Lawrence G. Simon, James Ballard, Fell,
Mack, sr, Henry White, Robert Rudoiphe, ii. E
| Jones.
ARTICLE XVI.
| And member of this corporation who ma,
| hereafter wish TO withdraw shall communicat
| his Intention to that effect in writing to tn
| board OF directors at least thirty days in ad
| vance Any shareholder withdrawing withiI
one year after entering the Association mus
| sell his stock to the highest bidder, less his DR.
| rata OF expenses for the year. Any shareholde
| citation shall receive only ten per cent of tn
profits OF his share, to be sold with the stoc
as above. Transfers OF stock shall only b
made upon the hooks of the Association an
by the issuance OF @ new certificate therefor
| for which charge of ten cents shall be made
| ARTICLE XVII.
All applications for stock shall be presente
to the board OF directors for approval
ARTICLE xVIff
At the dissolution of this corporation h
HInlb Oh tlIuo, ny consent, or otherwise, Ill
| affairs shall be liquidated under the anne,
| vision OF three commissioners from among th
| stockholders to be selected for that purpOse b
the board, who shall have full power to selI a
assets of whatever kind belonging to the ASS,
citation, convey full and complete title theret,
receive payment therefor, and generally to d
and perform all acts necessary for faithf,
and complete settlement and liquidation or ii
affairs.
Thus done. executed and signed before m
and In the presence of A. B. Pickett and Kel
meth Bailli0, two competent witnesses. wi
have signed with said aDpearers on the daI
first above written.
All errors and interllneations made herei
J was noted and approved by all parties befol
signing.
Original Sigaed-s. Reed, p l.. silas, Mos,
BOrdeloH, David 8. Locks, Henry (his x mar
White, Robert this x mark) Rudolphe, Lay
renceaC. Simon, Felix (hs K mark Mack. q
: James Ballard, per l.. G. Simon, Finegf
Hams, Edgar Renty, per Moses Bordelon.
L. Jones, William JOhnson, per f. Hams
} Attest: A. b. Pickett, Kenneth Bailllo.
LUCIUs q. DUPRE, Notary Public.
Opelousas, st. Landry Parish, La, I
, August 2, 1904.
80 have examined the above chart
: SEAL and find nothing in it contrary to {
t~~~ )laWs and constitution Of this Stat
i / therefore approve the same
R. LEE GARLAND,
/ Dist. Atty, 18th Judicial Dist'of Louisiana
g ALFRED PAVY, Deputy Clerk
Il State of Louisiana,
It Parish of st. Landry,
o hereby certify that the above and foregOi
J. is a true and correct copy of the original A
No. 53396, ON file and OF record In my office,
Miscellaneous Record Book No. IL. page
dated August IL, 4. D. 1904.
a. - Witness my hand and the seal
T. SEAL3 my office, at Opelousas, L0uisial
sr 49, } this 12tn day of August, 1904.