The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1909-01-16

directors, COMPOSED of three persons, all of
whom must be stockholders of this corporation,
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. 10. The cleo
ton shall be by ballot and each stockholder
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 stakeholder 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
after their election the board of directors shall
elect from their own number president and a
secretary and treasurer, whose duties shall be
prescribed by the bylaws. The said offices of
secretary and treasurer may be combined into
one dice and n Ich case the person elected to
fill both offices snail be known as the Sc cretary
and treas Irer. Said directors shall hold Office
until their successors shall have been elected
and qualified. 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: Gyrile Babin, who
shall be president; Henry SBabin. who shall be
secretary and treasurer. and James A. Godfrey,
who shall hold office until the second Tuesday of
January, 1910, or until the first election to be
held in accordance with this charter, or until
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-
ecute and issue promissory notes and other obi
cations; to purchase or otherwise acquire to
lease, let or rent or take and hire the property
of and Tor this corporation and generally to do
all things reasonable convenient and necessary
for the carrying on of the business of the eoFpo-
ration. The board of directors shall make and
adopt such bylaws as may be necessary for the
proper management and regulation of heaffairs
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 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 a meeting thereof Meet
lngS OF directors may be called by the president
or by any two directors by mailing a notice.
postpaid, to each director addressed to his resi-
dence or place of business or by delivery to him
IN person.
ARTICLE SIX
general meeting of stockholders shall he
held annually as provided for by article Five,
and the president or any three stockholders may
call q special meeting OF the stockholders for
any lawful purpose upon notice to be given in the
bylaws.
ARTICLE SEVEN.
NO stockholder 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
liaIoFh1ally IN the proceedings Of organization
render any steekholder liable beyond said
amount
,r,4a = lle1l'h Elttfsf,
ms. ms aet on incorporation may be modified,
a.tefeet Or amended or this corporation may be
dissolved with the assent OF two-thirds of the
capltad STOCK represented at general meeting
of the stockholders to be convened for said NM
pose after due notice to be given by thirty fly
punleat "a IN a NEWSPAPER published in the
PARISH OF Ascension and also by written notice
mailed postpaid to each sfoeEhaf3er ~ him
addressed to his residence 49, - 1; 80
or delivered to him in nersn,,. u