The Opelousas courier., 1905-05-13

LEGATION in O newspaper published in the town
of Opelousas for ten (10) days preceding the
day on which such meeting is to be held, and
by sending a copy of said notice prepaid by
United States mail to each stockholder to MS
pOstoffice address as appearing on the STOCK
books of the company ten Q0)s days prior to
the day, of holding such meeting; provided,
however. that no amendment, aiteratlon'
change or repeal shall be made in any provl-
vision contained in this charter which shaii, IN
any manner. affect, change or alter the pay
ment of the dividends to be paid to the holders
of the preferred stock, or to its prior lien on
the assets of the company over the common
stock, without first obtaining the affirmative
vote of a majority of the preferred stock issued
and then outstanding, represented IN person or
by written proxy at q stockholders meeClne,
duly called and convened as herelnDeIOfe pro-
yided.
Sec. 2-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 pr0vlsions I'D
that respect contained in the laws or the state
of Louisiana on that subject:
Art, k Whenever this corporation shall
be dissolved by mutual const mt, llmltation OF
otherwise, it's affairs shall be liquldated nnder
and by the supervision OF q board OF three ~
commissioners to be appointed for that pur-
pose at a special meeting OF the st0ckhoiders
convened after thirty 1907 days prior notlce
shall have been given by publication In one or
more newspapers published in Opelousas, La,
and after its affairs shall have been llquldated,
its debts and liabilities paid, the surplus FUNDS
of the corporation. if any, shall be divided
htDOl III anu hhA
in accordance with the pro visions in that re-
spect contained in Section S, 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 llqAidated. 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-
lions as shall be specified by the board OF di.
~rectors, provided that no sock 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 AMI horized and empowered to issue
said capital stock in the pay ment for services
rendered, labor performed or property actuat-
ly purchased by the corporation; 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 and the said board of directors; and the
price and value so fixed, and the stock issued
III payment therefor, shall be final, binding
and conclusive.
Sec. ., No stakeholder. officer or director
shall ever be personally liable or responsible
for any OF the contracts, acts, matters OR 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 OWL, individual,
willful misconduct or default.
1t is expressly unders TODD that the stipula.
tions contained in Ibis charter, and tne acts
and things to be performed by the corporation
are solely corporate matters, and that no per-
sonal liability whatever shall attach to or he
incurred, nor shall any mere inforlnaiity or
technically i'll 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, willful mis-
conduct or defanlt.
Art. XI, The following named persons and
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-
snaatiua