Lower coast gazette., 1909-03-06
Of this corporation may require; to

w
make and establish, as we'll as alter
and amend, from time to time. such
bylaws. rules and regulations fox the
proper management, conduct and reg
u!atiOn Of the affairs of said corpora.
ton a may be deemed necessary and
proper; to own, hold, receive, lease,
purchase and convey, as we'll a. mort
gage and h%ypothecate property, real,
personal and mixed; to consolidate OF
merge with another corporation, or
own and hold stock therein.
ARTICLE II.
All citations and other legal pro.
C. :;ses shall be served upon the presi-
dent Of said corporation, or. in the
event Of his absence or disability. on
the vice~president. and in the case of
the absence of both the president and
vice-president, upon the secretary of
said corporation.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature of the business to be carried Oh
by it are declared to be the printing
and publishing OF a newspaper, devoted
to the agricultural and other interests
Of the Lower Coast and Of the State of
Louisiana; to conduct and carry OH a
general newspaper business, with all
things connected Herewith, and by the
sale of such newspapers and other
printed matter published by said Com
pany, to disseminate news and all mat
tiers Of general information.
ARTICLE w.
The capital stock of said corporation
has been and is hereby fixed at the sum
of twenty-five Thousand ($25, 10000
Dollars, to be divided into or represent
ed by twenty-five hundred shares of
ten dollars each; said stock shall be
paid for in cash as it may be called
In by the Board Of Directors. and the
calls for said cash payment shall not
exceed fifty per cent. the first year and
not exce-d fifty per cent. during the
second year. Said calls for said cash
payments shall not exceed five per cent.
per month during the first year and
not exceed five per cent. per month
during subsequent years until the
whole subscription shall have been
paid.
ARTICLE V.
All the corporate powers OF said cor
poration shall be vested in and eXer
cised by a Board Of Directors to be
composed of nine stockholders. Said
Board of Directors shall be elected an
nually on the first Saturday in May,
beginning in the year 1910. All such
elections shall be by ballot and shall
be conducted at the Office of said cor
poration, under the superintendent OF
two commissioners to be appointed by
the Board of Directors, and Of which
election ten days previous notice shall
be given in a newspaper published in
the Parish of Plaquemines. Each share
of stock shall be entitled to II vote.
to be cast by its owner, either In person
or by proxy, and a majority in the
amount of the outstanding stock OF
said corporation shall be requisite to
elect. A failure to elect directors on
the day above specified shall not dis
solve the corporation, but the then
directors shall cause another election
to be held within thirty days. of which
ten days previous notice shall be given
In a newspaper published in said Par
ish of P%laquemines. Vacancies occur.
ring In said Board shall be filled by
the remaining directors and any direct
or of the said Board who may be alb
sent from the State at the time of meet.
ings of said Board Of Directors shall
have the right to appoint another stock
holder as his proxy to sit and act In
the place of such absent member for
the time being and such proxy shall
have and exercise all the powers and
immunities of such absent directors
Five directors shall constitute a quo
the Board of Directors at their first
meeting following each annual election
shall elect one Of their number to be
president and another to be yice-pres
|ident, and they shall also elect a secre
! tary. Said Board Of Directors may ap
point from time to time, and dismiss al
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 objects and purposes of said cor
/ poration, as also to issue and deliver
full paid shares of stock or bonds, o.
obligations of said corporation at MOI
less than par value in payment fol
Il. labor done, or money borrowed, or prop
erty or rights actually received by sale
corporation.
2 ARTICLE vi.
!. Whenever this corporation may b.
l i;ccoIvod o;%hor hv limitation nr From