Le MeschaceÌbeÌ. [volume] ([Lucy] La.) 1853-1942, 1905-04-01
ARTICLE SECOND.

the business TO be carried on BY il are declar-
ed to be: To do general mercantile business
and to operate ST. res. and for that purpose to
acquire by purchase. lease or Otherw Use pro-
perty of any nature whatsoever; to acquire
by purchase, lease or otherwise, property of
any nature whatsoever. either for sale, invest
ment or for the cultivation of sugar cane, or
for the manufacture of same into sugar,
syrup. mo'asses or other produces. or either
or all of them, or for the cultivation of other
agricultural products or for their manutactu-
re. or both; to acquire by pm Icbase, lease or
otherwise, and to construct and operate sugar
factor les or anv other mauufartory; to make
advances for the cultivation of crops and for
their manufacture; to acquire. own and oper-
ate tramways and private railroads, together
with all such rights. franchises an appurten-
ances as are necessary for or incidental to the
operation of same, and generally to eEga in
such other business, as may be necessary for
or incidental to the purposes herein above set
forth. and to have such other rights and
powers as are or may be conferred by the laws
of this State upon corporations in general,
and espec ally upon corporations of the char
acter above set forth. Said corporation may
begin busint IS at once.
ARTICLE THIRD.
The capital stock of this corporation is here
by declared to he the m of One Hundred
Thousand Dollars, divided into One Thou
sand 1000) shares of One Hundred Dollars
1O0) each, which shall he paid for in cash or
for services rendered the corporation or in
property ade over to and acquired by the
corporation. Ninety Thousand dollars of said
capital stock has been subscribed for, as evil
denced by the list of original subscribers
herewith filed in the Recorders officer, which
amount has been paid into the treasury of the
corporation in payment of said stock. The
capital stock of this corporation may be in
OF in, ho
hereafter to be, provided by law; in which
event the persons holding stot k at the time,
shall have the righ', for a period of thirty
days, to take shares of the additional or in
creased stock. proportionate to the number of
shares then owned by them respectively; and
any shares not taken at the expiration of
said thirty days by the then stockholders,
shall be disposed of by the Board of Directors
for the benefit of the corporation, at not less
than their par value. Ali shares of stock
shall be full laid and n0n-assessabe and
transfers of stock shall not be binding upon
said company, unless recorded upon its books.
ARTICLE FOURTH.
The business and affairs of this corporation
shall be managed and conducted by Board
Of three Directors. each of whom shall be a
stockhoider in the company. Luci,n Monte
gut, Jr., Fernand Montegut and Sidney Mon
tegut shall constitute the first b ard OF Direc-
tors, who shall hold Office until the first
Tuesday in April, 1905. or until their success
ors shall have been eieeted aud qualified. The
Board of Directors, at th ir first animal meet
ing, shall elect President. Vice President
and Secretary, the first two of which Off
GERS must be chosen from their own number.
On the first Tuesday of April, 1905, and
annually thereafter. an election for Directors
shall be held at the domicile of the company,
after ten (lO) days notice in writing shall
ho hoan uir 70 Of hold of a
time and place of holding said annual meet
ing. which may be served by transmitting
same to him by mail. addressed to his last
known place of residence. The voting for
Directors shall he by ballot, and each stock
holder shall be entitled to cast one vote for
each share owned by him, which SHALL have
been standing in his name at least ten days
prior to the day of election. In case any
director or officer ehould die or resign
before the end of his term of Office. the vacan-
cy may be filled by the remaing directors by
the election of n stakeholder in his place, who
shall act until his successor shall have been
elected at the next ensuing annual meeting.
ARTICLE FIFTH.
The officers of the corporation shall consist
of President, Vice-President and Secle-
tary, to be chosen as above set forth. Until the
Fl rst Tuesday of April. 1905. Fernand Monte
gut shall be President, Lucien Montegut, Jr.,
shall be Vice-President. and Sidney Monte
gut shall be Secretary. Said Board of Di-
rectors may appoint General Manager, who
shall have power, under the supervision of
said Board. to administer the ordinary affairs
and business of the corporation. Two men,
bers of the Board of Directors shall constitute
a quorum for the transaction of all business
OF the company They shall have power to
appoint all agen 8, clerks and employees, and
ix their salaries and compensation; to make,
change. alter and modify all proper bylaws,
rules and regulations for carrying this char
ter into effect, and for the management of the
business of the corporation; and any Of the
said directors shall have tn. right to delegate
to any other director in writing any of the
rights and powers enjoyed by him as such di-
rector.
ARTICLE SIXTH.