The Opelousas courier., 1905-06-03

LEGATION in a newspaper published in the town
of Opel0usas for ten Q0) days preceding the
day on which such meeting is to he held, and
by sending a copy OF sai.! notice prepaid by
United States mail to each stakeholder to his
possibilities address ~ appearing on the stock
books uf the company ten tiW days prior I"
the day OF holding such meeting; provided,
however. that no amendment, alteration,
change or repeal shall be made i'll any prnvi-
vision contained III this charter which shall, III
amy manner affect. change or alter the pay
mtnt of the dividends to he paid To the holders
of the preferred stock, or 10 its prior lien on
the assets OF the company over the common
stock, withOnt first obtaining the affirmative
vote Of "a majority Of the preferred stock issued
and then outstanding, represented in person or
by written proxy at a Stockholders meeting,
duly called and convened as herelnbefore pro
vided.
See From time to time, at the option OF
the corporation. either the preferred or com
mon stock, or both, may be increased or de-
creased in accordance with the provisions i'll
that respect contained in the laws or the state
of Louisiana on that subject.
Art. l. Whence r tins corporation shall
be dissolved by mutual cons, mt. limitation or
otherwise, its affairs shall he liqultiated under
and by the supervision OF IA board of three go
commissioners tn be appointed FOR that iiir-
pose at Il special meeting OF the stockholders
convened after thirty t30) days prior notice
shall have been given by publication Ill one or
more newspapers published i'll OpelOusas, La,
and after its affairs shall have been liquidated,
its debts and liabilities paid. the surplus funds
OF the corporation, ii any, shall be divided
among the preferred and common stockholders
in accordance with the provisions in that re-
spect contained in Section 5, Article ~, of this
charter.
In case OF vacancy occurring in the board of
commissioners by death, resignation or other
wise, before the affairs of the company have
been liquidated. as above stated the remain
ing commissioners shall fill such vacancy from
the stockholders of the company.
Art. X.-The capital stock OF the company
shall be issued and sold from time to time in
such manner, and upon such terms and condi-
tons as shall be specified by the board of di.
~rectors, provided that no stock shall be issued
by this corporation otherwise than for money
or property received by it, or for services rem
dered or labor performed, and it is expressly
provided that the said board OF directors are
hereby authorized and empowered to issue
said capital stock in the yme for services
rendered, labor performed or property actual.
~ purchased by the corporations; the price and
value for such services rendered or labor per-
formed or property purchased shall be fixed by
an agreement between the parties rendering
such services or performing such labor, or the
party from whom such property has been pur-
chased aud the said board of directors; and the
price and value SO fixed, and the stock issued
In payment therefor, shall be final, binding
and conclusive.
Sec. .. No stockholder, officer or director
shall ever be personally liable or responsible
for any of the contracts, acts, matters OF things
to be done. or for any defaults OF this corpora
ton in any further sum than the unpaid bal
ance due on the shares of the capital stock
owned by him., excepting his own, Individual,
willful misconduct or default.
1t is expressly underst TODD that the stipnla-
tons contained in this charter, and the acts
and things to he performed by the corporation
are solely corporate matters, and that no per
sonal liability whatever shall attach to or be
incurred, nor shall any mere informality or
technically in organization have the effect of
or shall render this charter null. or of exposing
any of the said stockholders, officers or direct
ors to any personal liability whatever, beyond
the said amount of the unpaid balance due on
his stock and his own individual, willfnl mis-
conduct or default.
Art. XII. The following named persons and
their postOf1ice address are hereby declared TO
be the incorporators of this company, with the
number OF shares OF the capital stock sub
scribed for by each, as set opposite their re-
onaotiva