Lower coast gazette., 1909-03-13

president and another to he vice-pres-
tdent, and they shall also elect a secre.
tary.. Said Board Of Directors may ap.
point from time. to time, and dismiss at
pleasure, such officers, clerks and
agents and other employees that they
may deem necessary for the business
and purposes Of said corporation. Said
Board of Directors shall also have full
power and authority to borrow money.
execute mortgages, issue notes or bonds
and generally do all things pertinent
to the objerrs and purposes OF said cor
poration, as also TO issue and deliver
full paid shares Of stock or bonds. or
obligations Of said corporation at not
less than par value in payment for
labor done, or money borrowed. or prop
erty or rights actually received by said
corporation.
ARTICLE VI.
Whenever this corporation may be
dissolved, either by Limitation or from
any other cause, its affairs shall be
tlluuidated by three stockholders, to be
appointed at a general meeting of the
stockholders to be convened for such
purpose, after thirty days previous
notice shall have been given by adver-
tisement in a newspaper published in
the Parish Of rlaQuemines and a ma
jOrity in amount OF the outstanding
capital stock OF said corporation shall
be requisite 10 eject. Said commission
, ers shall remain in office until the al
fairs of said corporation shall have been
fully settled and l%iIuidated and in case
= of the death of che or more OF said
commissioners, the vacancies shall be
filled by election by the surviving
commissioners.
.f.. ARTICLE VII.
This Act of, incorporation may be
modified, changed or altered. or said
corporation may be dissolved with the
assent of threefourths Of the stock rep
esented by any general meeting OF the
stockholders convened for such purpose,
after thirty days previous notice shall
have been given in a newspaper pub
lished in said Parish of Plaquemines.
Such changes as may be made in ref.
'erence to the capital stock Of said cor
:. p1ration shall be in accordance with
4 the laws Of the Stat. u,on this subject.
ARTICLE VIII.
+ No stakeholder shall ever be held
, liable for contracts or faults of said
? corporation In any further sum than
! the unpaid balance due IN the shares
: Of stock owned by him. o shall any
! mere informaiity in organization have
:. the effect of rendering this charter null,
: nor Ct EXPOSING a stakeholder to any
liability beyond the amount due on his
r stock.
r ARTICLE TX.
Until the first election to be held
|rnder this charter on the first Satur
day IN May, 1910. the following named
|. persons, or stockholders, shall consti
G ute the first Board OF Directors, with
\ all the powers he:ei23bovc enumerated
t and shall ccntinuc in Office Until thei'
/ sucGesscrs shall have been elected, viz:
r. C. Movers. s. Leopold, Ben Michel
John Dymond Jr; Joseph Cosse, Marc
Coghevich, Joseph Savoie, DR.. V. 9,
Schayot and Joseph 'Hingle with the
h aforesaid r: G.. Mevers,' as president
6 and Simon Leopold az, vice-president.
. Thus done and passed, in my Office q
g Pointe-a-La- Hatche. On the day and il
d the month and year herein written, i,
is the presence Of Messieurs L. T. Fonte
Il nellie and Gustave Fayret, competen
a Witnesses, who hereunto sigh thei
II names, together with the said appear
,c crs and me, Notary, after due reading
IF of the whole, the said appearers declar
ing they placed after their signature
+. the number OF shares of stock sub
scribed for by them and they liKewis
adopt this as their stock subscriptio
list.
F. e. MEYERS AND OTHERS.
WITNESSES
" LIT. Fontcnelle,
II Gustave Fayrct.
Of ERNEST ALBERT,
be by. Clerk of Court and
go by. ;Ex-Oficio, Not. Pull
he A true copy Of the original on file ar
OF Of record in my Office and recorded
nd Book 2, Folio 400 Of Mortgages Of tn
he Parish on December u. 1908.
sh (sIGNED) ERNEST ALBERTI,
nj. by. Clerk and by. Ex-
nd Oficio Recorder.
'th
he Order
,on State of Louisiana