The Opelousas courier., 1905-06-10

LEGATION In o newspaper puDilsned IN tne toWn
Of Opelonsas for ten do) days preceding the
day on which such meeting is to be held, ana
by sending a copy OF said notice prepaid oy
United States mail to each stocKholder 10 us
| postoffea address as appearing on the STOCK
books of the company ten uW days prior 10
the day Of holding such meeting PROVIDED
however. that no amendment, aiterasloh'
change or repeal shall be made In any, proVl-
vision contained in this charter which shall, 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 stocR ISSUED
and then outstanding, represented in person or
by written proxy at a stockholders meeting,
duly called and convened as hereinbefore pro-
vided.
the corporation, either the Preferred or com
mon stock, or both, may be increased or de-
creased in accordance cordsinsa y, with The f lawI prev re 1n ,lo stat tn
of Louisiana on that subject.
Art. \. - Whenever this corporation shall
be dissolved by mutual consent. limitation or
otherwise, its affairs shall be liquldated under
aud by the supervision OF a board OF three ~
commissioners to be appointed for that pur-
pose at a special meeting or the stockholders
convened after thirty 800 days prior notice
snail 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, il any, shall be divided
among the preferred and common stockholders
in accordance with the pro visions in that re-
spect contained in Section 5, Article Nv, 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 llquidated. 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 i'll
such manner, and upon such terms and condi-
tions 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 an horized and empowered to issue
said capital stock in the payment for services
rendere,i, labor performed or property actual.
ly purchased by the corporation; the price and
valne 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
In payment therefor. shall be final, binding
and conclusive.
shall ever he personally liable or responsible
for any of the contracts, acts, matters or things
to be done, OF for any defaults OF this corpora
ton in any further sum than the unpaid pal
ance due on the shares of the capital stock
owned by him, excepting his own, individual,
willful misconduct Or default.
1t is expressly unders TODD that the stipala-
tons contained In this charter, and the acts
and things to be performed by the corporation
are solely corporate matters, aud that no per
sonal liability whatever shall attach to or be
incarred, nor shall any mere informally or
technicallty 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, willful mis-
conduct or default. g,
Art. XII The following named persons and
their postoffice address are hereby declared to
be the incorporators of this company, with the
number of shares of the capital stock sub
scrihed for by each, as set opposite their re-
%spectiye names: