The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1909-01-23

directors composed of three persons, all of
whom must be stockholders of this corporation.
and any two of whom shall constitute quorum
for the transaction of business. The directors
shall be elected annually on the second Tuesday
of January of each year, but the directors con-
Stituted under this charter shall hold Office until
the second Tuesday of January, 1910. The cleo
ton shall be by ballot and each stakeholder
shall be entitled in person or by proxy to one
vote for every share of stock held by him. Ten
days prior notice of said election shall be given
to each stockholder by written notice mailed to
him. addressed to his residence or place of bust
ness, postpaid, or by delivery to him in person.
The manner of conducting said election shall be
regulated by the bylaws AT the first meeting
alter their election the board of directors shall
elect from their own number a president and
secretary and treasurer, whose duties shall be
prescribed by the bylaws. The said offices of
secretary and treasurer may be combined into
one Office and i lch case the person elected to
fill both offices snail be known as the ecretary
and treas lrer. Said directors shall hold Office
until their successors shall have been elected
and qualified. A failure to elect directors on
the date above specified shall not dissolve the
corporation nor impair its corporate name but
the directors then in Office shall remain in Office
until their successors are elected and qualified.
Until the first election as herein provided for,
the following stockholders are constituted the
board of directors to wit: Cyrile Rabin, who
shall be president; Henry Babin, who shall be
secretary and treasurer, and James A. Godfrey,
who shall hold Office until the second Tuesday of
January, 1870 or until the first election to be
held IN accordance with this charter, or until
their successors shall have been elected and
enter upon the discharge of their duties. The
board of directors shall have full power and
authority TO borrow money; to execute mort
cages TO grant pledges and liens; to make, ex-
eeute and issue pFomisSory notes and other obii-
cations; to purchase otherwise acquire, to
lease, let or rent or take and hire the property
of and for this corporation and generally to do
ali things reasonable convenient and necessary
for the carrying on of the business of the corpo-
ration. The beard of directors shall make and
adopt such bylaws as may be necessary for the
proper management and regulation of the affairs
and business of said corporation and shall have
the power and authority to amend and alter the
same at pleasure, and shall themselves Or IN
such manner as may be prescribed by the by
laws, appoint all employees, define their powers
and duties and fix their compensation. The
board OF directors viii fill any vacancies among
their own number, at meeting thereof. Meet
lngs OF directors may be called by the president
or by any two directors by mailing notice,
postpaid 10 each director addressed to his resi-
dence or place of business or by-deliYery to him
in person.
ARTICLE SIX.
A general meeting of stockholders shall be
held annually as provided for by Article Five,
and the president or aay three stockholders may
call 2 special meeting of the stockholders for
any lawful purpose upon notice to be given in the
manner and Tor the time to be prescribed in the
bylaws
ARTICLE SEVEN.
No stoCkhoIder shall be held or responsible
for the contracts or faults of the corporation in
any further sum than the unpaid balance of the
share or shares owned by him, nar shall any
render any stakeholder liable beyond said
amount.
ARTICLE EIGHT.
This act Of incorporation may be modified, |
altered or amended, or this corporation may be
dissolved with the assent of two-thirds of the
capital stock represented at q general meeting
OF the stockholders to be convened for said pur-
pose after due notice to be given by thirty days
publication in newspaper published in the
parish of Ascension and also by written notice |
mailed POSTPAID to each stakeholder: to him
or delivered to him in person.
ARTICLE NINE.
Upon the dissolution of this corporation either |
by limitation or otherwise its affairs shall be |
liquldated by three commissioners to be elected |
by the stockholders, who shall at the same time
fix their compensation.
The incorporators whose names are affixed to |
this act have and do by these presents subscribe
to number OF shares of capital stock placed |
opposite their names.
Thus done and passed at the parish of Aseen-
sion. state OF Louisiana. on the day. month and |
year hrSt above written, in the presence of |
Messrs. Felix N. Gros and Jonas WE'LL, good |
and competent witnesses, who with the said /
presents after due reading of the whole.
WITNESSES F FdII;S g qTs}s
Signed
C;yrile Rabin- Observation-Disclosures 81 shares
Henry Babin--- shares
Ignace Babln Is shares
James A. Godfrey --------2 20 shares I
- [L.sl G. A. GoNDRAN.
Notary Public.
A true copy from the original on file in my Of |
fee J. S. BARMAN,
Clerk of Court.
state of Louisiana. Parish of Ascension I do {
hereby certify the above and foregoing to be /
duly recorded in Book of Miscellaneous Acts No. /
6, folio 800.
In faith whereof. witness my hand and seal Of /
office at DonaldsonyiIle. La. this 30th day of /
December, 1903. j. S. BARMAN.
Clerk and Recorder,