Lower coast gazette., 1909-03-20

president and another to be Vice-preS
ident, and they Shall also elect a secre
tary. Said Board Of Directors may ap
point from time to time, and dismiss a
pleasure, such officers, clerks ani
agents and other employees that they
may deem necessary for the bushes!
and purposes OF said corporation. Salt
Board of Directors shall also have ful
power and authority 80 borrow money
execute mortgages. issue notes or bonds
and generally do al things pertinent
TO the objects and purposes of said cor
poratiOn, as also to issue and deliver
full paid shares OF stock or bonds. OF
obligations of said corporation at not
less than par value in payment fol-
labor done. or money borrowed. or prop
erty or rights actually receivev by said
corporation.
ARTICLE VI.
NlSlAc'ci tNiS GIL lul dllUl lldv Ut
dissolved. either by limitation or from
any other cause, its affairs shall be
1iQuidated 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 Plaquemines and a ma
j0rity in amount Of the outstanding
capital stock Of said corporation shall
be requisite 70 elect. Said commission
ers shall remain in Office until the al
fairs Of said corporation shall have beer
fully settled and liquidated and in case
of the death of one Or more Of said
commissioners, the vacancies shall b.
filled by election by the surviving
commissioners.
ARTICLE VII.
This Act Of incorporation may be
modified, changed Or altered, or said
corporation may be dissolved with the
assent Of three-fourths 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 P%laquemines
Such changes as may be made in ref
erence to the capital stock Of said cor
poration shall be in accordance with
the laws of the Stale upon this subject
ARTICLE VIII.
No stakeholder shall ever be helC
liable for contracts or faults of sale
corporation in any further sum thar
the unpaid balance due on the share!
of stock owned by him, nor shall an,
mere informality in organization have
the effect Of rendering this charter null
nor Of exposing a stakeholder to an,
liability beyond the amount due on hi!
stock.
ARTICLE TX.
Until the first election to be helt
under this charter on the first Satur
day in May, 1910, the following named
persons, or stockholders, shall consti
ute the first Board of Directors, will
all the powers hereinabove enumerated
and shall continue in office until theil
successors shall have been elected, viz;
F. c. Movers. S. Leopold, Ben Michel
John Dymond Jr; Joseph Cosse, Mare
C%oghevich, Joseph Savoie, DR.. V. O.
schayot and Joseph Hingle with thu
aforesaid F. C. Movers, as presiden'
and Simon Leopold as vice-president.
Thus done and passed, in my Office a
Pointe-a-La-Hatche, on the day and il
the month and year herein written, il
the presence Of Messieurs- L. T. Fonte
nellie and Gustave Favret, competent
witnesses, who hereunto sigh thei
names, together with the said appear
ers and me, Notary, after due reading
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 likewise
adopt this as their stock subscriptio!
list.
F. g. MEYERS AND OTHERS.
WITNESSES
L. T. Fontenelle,
GustaVe Favret.
ERNEST ALBERT,
by. Clerk of Court and
by. Ex-Ohicio, Not. Pub
A true copy of the original on file an
Of record in my office and recorded il
Book 2, Folio 400 of Mortgages of thi
Parish on December IL, 1908.
(s1GNED) ERNEST ALBERTI,
by. Clerk and by. Ex-
Oficio Recorder.
Order