The Opelousas courier., 1905-07-29

for such other valuable considerations or ser.
Vices as the board of directors of said corpora
ton may determines; provided that no stock
shall be issued until the consideration therefor
has been received by the said corporation. Any
stakeholder may sell, assign or transfer his
stock in this corporation provided thirty day
prior notice of such intention to sell, assign or
transfer the same be given the company, and
the other stockholders thereof shall have the
first privilege OF purchasing same, after which
thirty days notice the said stock may be sold
in open market. The said stock Of this cOrpor-
alton may be transferred under the above con-
ditions. provided such transfer thereof be made
on the books of said company at its office i'll
Opelousas, La, and on surrender OF the c%crtiti-
cate therefor. No transfer of any fractional
part of Il share shall be made. o
This corporation shall commence doing bust
ness as soon as seven thousand dollars OF the
capital stock shall have been subscribed for.
The board of directors shall have the right to
determine how much stock shall be issued.
ARTICLE III.
i The objects and purposes for which this cor
poratiOn is organized, and the nature OF the
business to be carried on by it, are declared to
be the following, to-wit: For the purchase and
sale of lumber at wholesale or retail, the pur-
chase and sale Of real estate and personal prop
erty, the erection of buildings for sale or rent,
and to Garry on n general commercial business
i'll lumber or timber.
ARTICLE ".
The corporate powers OF this company shall
be vested III and exercised by "a board of three
directors consisting OF the president, Vice-pres-
ident, and secretary and treasurer. Three of
said board shall constitute u quorum for the
transaction of business, and their decisions
shall be of valid corporate acts. The following
persons shall he and constitute the first board
of directors: Louis Rogers, OF Opel0usas, presi-
dent; Ben imen +. Tucker, of Weaubleau, Mis-
souri,, Vice-preSident; and Oscar Leonard Greg
ory.o OF Opelousas, Lii, secretary and treasurer.
No person shall be eligible as director or an
officer who Is not IL stakeholder of this com.
pany. During the absence OF the president the
vice pl csident shall act and preside. Said board
shall continue i'll office for twelve months from
this date. OH which date, and thereafter an
nually, a board Of directors shall he elected to
serve for the ensuing year. unless said day be a
legal holiday. when the election shall be held
the next legal day thereafter. Notice of such
election shall be given by at least ten days CON
tlnuous publication Immediately preceding
each election i'll a newspaper of the town OF
OpelOusas, La. and the board of directors shall
appoint one or more stockholders to preside at
such election as commissioners. Iu event of
the failure of any commissioner or on
ers to attend, the president shall by appoint
ment ill the vacancy. Failure from any cause
whatever to elect directors the day named Tor
that purpose shall not dissolve the corpora
ton, but the directors then in office. as we'll as
the officers of said company, shall hold over
until their successors are chosen.
In such event The president shall cause an
other election To be held within thirty days,
and shall give notice thereof as llereinab0ve
sstoohnniior s,nu .,,tih3 Wv ~ iGStn raoh
sEorn Of stncI rnni.t.r.i in ~ w. ~ .nt az
vote by proxy.
The election of directors shall be by ballot,
enora ~ a,aJnn Ln ny y y, .a2s oasn
&c shoi 49, thn upon ~ &c Sountsu y ohe
they have been cast. After such election the
board of directors shall elect from their own
o'"'o Il ~ " 'alu 'onlpahS
ARTICLE V.
MI n -,
TO Hi vacancies in their number caused Nv
death. resignation or otherwise. from among
the stockholders OF the corporation. The said
hoar d shall have full contrnl 81 tho ,ronartno ~
this COMPANY. and shall so rondIct nnan.oa
and use the same An in their discre ion they
deem fit and that ia consistent with the objects
of this company or the welfare of the same,
The said board is further authorized to fralne
a VA ao . n SUI 1yhiaMs, rults anu regulatlohs
40 ~ annin ond . - - p,ne u eolpolation
M - riu.aS :" a. l ma utsln necessary lor
riSod tha sn ~ "nI y m'"naseLnenl ,neItnL' pro
.obortor % 9Th +ha m ~ thin W. ,n III
enno NOT q sanrotarr o and srah t fna,i eiect OF
appS1t u d seoro.a.S III" sutn ollcers, agents
nntanoS T r sc rt tha anu tierhs as 1t may neem
the cornorarion AZ t Iti com M cue sa business y oi
~ sorripo Inith ~ Ma Het .onntonsa1lo lerm
Sa;S hnarSs nlaasnoo. .iSns ~ 10 uuInsahnniSs theM a.
sal" noatts pressure ANN SAW poafo shal nave
the seyarsi n III anu be ueiTrn nnaE da SALARIES Oh
'no se'eial o"nce's herein PROVIDED Iof.
ARTICLE VI.
This charter may ba cbargaa modified nv
amended. the eapitai stock increased or DE- y.
creased. ar this cornnrat1on NAV he disso1paa
at a general meeting of the stockboldars CON.
yened for the pnrnose. with the assent NJ three
fonrths of the entire canitai stock whether
present or represented at snch meeting. Ten
days prior notice OF such meeting shall be given
in any English newspaper published IN the
town of Opelousas, La. In case of dissolution
or termination OF this corporation, either by
Limitation OF its charter or from any cause, the
liquidation of its affairs shall he conducted by
three commissioners, selected from the stock
holders. with like assent, and at IL meeting
called for that purpose, az above set forth IN
this article. Said commissioners shall remain
in office until the affairs of said CORPORATION
shall have been fully liquidated. In case of the
death of one or more of said commissioners, the
survivors or survivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation shall ever