The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1908-03-21
ARTICLE FIVE.

| stock of the corporation.
ARTICLE FIVE.
All of the corporate powers OF this corporation
shall be vested in and exercised by a board OF
| nine directors to be composed OF stockholders OF
the corporation, I've of whom shall constitute a
quorum for the transaction OF any and all bust
| ness of the corporation The said board of
directors shall be elected annually, the first
Monday in february OF each year. except the first
| board OF directors appointed, named and desig-
mated in this charter, who shall hold their offices
until the first Monday, in February, 1903 or I'M
| til their Successors are elected and installed.
Ali such elections OF directors salI be by ballot
and conducted at the Offices of the corporation
under the SUPERVISION OF two commissioners, " no
shall be stockholders of the corporation and who
shall be appointed by the board OF directors.
Ten days notice OF said elections shall be given
! by written or printed notices to be mailed
| to each stockholder at his usual postof-
| flee address. Every stockholder shall be en-
| titled to one vote for each and every share of
stock standing IN his name on the books OF the
| corporation, to be cast in person or by proxy
held by other stockholders and a majority of
the votes thus east shall elect. A failure to eject
a board OF directors on the date above specified
shall not dissolve the corporation, but the di-
| rectors then in Office shall remain in Office and
continue to perform the duties of their Offices
until their successors are elected and installed,
and another election snail be held as soon as
possible thereafter, of which ten days previous
notice shall have been given as above provided.
The board of directors shall at their first meet
ing after election, elect from their number a
president, q yice-PIGsident, q secretary and a.
for the term OF enc year until their successors
| are elected and installed.
The board OF directors shall also have power
and authority to make and establish as well as
alter and amend, bylaws rules and regulations
necessary in the conduct and management of
the business of the corporation; ana ihe said
board of irectors shall have full power TO
borrow money, execute mortgages and create
liens, issue notes, bonds or other obligations,
| and generally to do ana to perform ali things
necessary and lawful for the proper carrying on
c
| above provided, to issue and deliver full paid
shares OF stock of the corporation, for cash, or
IN payment OF labor performed services rendered
or property received, upon such terms and con-
ditions as it may see fit.
Amy vacancy occurring among tie directors
shall be hlied by the remaining directors.
ARTICLE SIX.
Transfers of stock shall be made upon the
books of the corporation by the st ockholder in
person or by his duly authorized agent or at
torney, and no transfer of stock shall be aG-
mitted or held to be valid or binding SO far as
the corporation is concerned unless made on the
books Of the corporation and no stakeholder
shall dispose OF his stock to another stockhoider
or to an outside person until he shall have Of
fered the said stock for sale to the corporation
at the book value thereof
ARTICLE SEVEN.
No stakeholder shall ever be held liable nor
responsible for the CONT acts faults of the said
corporation in any further sum than the unpaid
balance due to the corporation on the shares
owned by him; nor shall any mere informality
in organization have the effect Of rendering this
charter null or OF exposing any stockholder to
any liability beyond the unpaid amount due on
the shares of stock subscribed for by him.
ARTICLE EIGHT.
The capital stock of this corporation may be
increased or the act of incorporation may be 1
altered or amended, or the corporation may be
dissolved, by three-iourths of the capital stock
at a general meeting of the stockholders con-
yened for that purpose, Of which forty days
previous notice shall have been given by publ
OF Ascension, and by written or printed notices
mailed to each stockholder at his usual post
office address. oil
ARTICLE NINE.
At the expiration of this charter, or in the
event of the prior dissolution of the corporation
its affairs shall be iquidated by three com
missioners who snail be elected by the stock |
holders of the corporation at the meeting at /
which it is decided TO Iiquidate. The duties of |
the. said commissioners shall be defined and |
their compensation fixed by the stockholders |
and they shall continue in Office until the liqu-
dat1on OF the affairs OF the corporation shall be
completed.
ARTICLE TEN.
The following named persons shall constitute I
the first board of directors of the corporation |
and shall serve until the first Monday in Febru- |
airy, 1909, Or until their successors are elected
and installed: R. M. Johnson William Lee /
Blanc, e. s, Stuckey, Joseph Trabeau, James |
McAlister, Wallace TTabeau, Felix Leblanc, e. /
G. Causey. G. Albriton. R. NJ. johnson shall /
be president, William Leblanc shall be vice
president. G. S. Stuekey sItan be secretary and /
Joseph Trabeau shall be treasurer t
The incorpoTators. whose names are affixed to {
this act have and do by these presents sub
scribed for the number of shares Of the capital
stock OF this corporation set opposite their
said names.
Thus done and passed IN the parish of AS
cension, state OF Louisiana, on this 18th day Of
February. 1903, IN the presence of Edwin j.
Leroy and Anato1e j. Esneault, lawful and
competent witnesses, who together with said APP
bearers and me, notary, have signed these pres
ents after due reading OF the whole.
G. S. Stuckey, Burnside. La, ten shares. 5IG0
e. G.. Causey, per q. 5. Stuckey, burnside La /
twenty-five shares, $3.50.
Morris Refine per G. s. stuckey. Sorrento La.
one share, So
John Z. Ikerd. per g. 8. Stuckey, Burnside, La,
five shares $50.
Ellis Ikerd, per C. S. stuckey Burnside La,
five shares. $50.
r. n. johnson, per G. S. stuckey, Burnside
La, ten shares. $I00.
Felix Leblanc: Per c. s. stacley Sorrento
la, five shares, $50.
Wallace. Trabeau, per c. s. stackey. sorrento.
La, two shares, so.
j. Is. TrabeaG. per {. s. Stuckey Sorrento La
one share. $40.
Alex Refine, Per c. S. stuc<ey. Sorrento. La,
1ne share. SO.
James sMcAlIister Sorrento, La, ten shares,
800.
J. V. Hebert Burnside, La, FIVE shares, $50.
Joseph Trabeau. per G. S. Stuckey, Sorrento,
Ia, ten shares. S1G0
VIM. Leblanc, per G. s, Stuckey, Sorrento. La,
en- shares, 500.
Arthur sLcAliister. per Q, 5. stuokey, sorrento,
IA, one share. So
Witnesses ED. ]. LEROY,
J feN5 a ~ ]