The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-11-19

l
paid and worcestershire and transfer
/ of stock shall not be binding upon sal
/ company unless recorded upon 1T
| books of transfer.
No stoekholder shall be held liabl
| or responsible for the contracts o
| faults of said corporation in any fur
| Their sum than the unpaid balance du
/ on shares of stock owned by him: no
| shall any mere fnformalfty in organi
/ cation have the effect of rendering thi
| charter null. or OF exposing stock
| holder to any liability beyond tn
| amount of stock subscribed by him.
The subscription and stock book
! shall he kept at the domiciie and il
/ tificates of stock shall be issued to thu
| subscribers, and no transfer of stool
shall be recognized as valid and bind
! ing until the same is made upon tn,
| stock books OF the Company. Stocf
| books shall be closed for the transfer
of stock thirty days before election.
All subscribers to stock and all wine
should acquire stock by purchase Q,
otherwise. shall be deemed member
of this act of incorporation.
ARTICLE v.
The corporate powers of said cor
poratfon shah be vested in and exer.
cised, and the business and affairs Of
this corporation shall be managed an6
conducted by board of directors com
posed of nine mem bers. Said directors
SNAIL De eIecIeG annually OH 4Iil9 HIS
Monday of October. or such other day
as the stockholders at a regular or ans
special meeting may fix, and all suet
elections shall be by ballot. OF each
election, ten days prior notice shall be
given in newspaper published in the
town of Dona1dsonville, La, and the
directors thus elected shall serve until
their successors shall have been cleo
ted. A majority of the votes cast
shall elect and each share of stock
cla M &a ynfo aft h,ay
in person or by proxy. A failure to
elect directors on the day required
shall not dissolve the corporation, but
the board OF directors shall continue
to hold their office and another cleo
ton shall held within thirty days
thereafter, and ten days prior notice
shall be given In newspaper pub
ished in the town OF DonaldSenyille,
La, ANY vacancy occurring in the
board OF directors from any cause
whatever shall be filled by election by
the remaining directors. Five directors
shall constitute quorum for the
transaction of business.
The board of directors at the first
meeting in each year shall elect from
their own number a president and a
first and second vice-president. and
also elect secretary and treasurer,
but the same person may hold the Of.
fee of secretary and treasurer; and
shall appoint from time to time such
officers. clerks, agents, and confer
power to appoint same and other en-
#ployees as may be deemed necessary
sor the business and purpose of said
corporation, and dismiss the same at
pleasure; and shall have full power to-
make and establish. as well as change
or amend, or alter conformab bly, to the
act of Incorporation all bylaws, rules
and regulations deemed requisite for
the control and mana cement of the
affairs and business of said corpora
ton; and shall have full power to Dor
row money, execute mortgages, issue
bonds, make contracts, make rules for
the declarations Of dividends, and gen.
orally to do all things and act in all
matters pertinent to the objects and
purposes of this corporation; as also
10 deliver full paid shares of this
stock or the bonds or obligations of
this corporation in payment for labor
done, or money, or rights in property
actually received
And any rule or bylaw is subject
to repeal, notifications or change by
the holders of a majority OF the stock
at any meeting of the Company. The
notice of the annual meeting of the
stockholders may be given by pub1ica-
ton as above provided for er such no.
nice may be given by ten days notice
in writing to each stockho1der of the
time and place OF holding said annual
such notice to him adj
dressed through the mails to his last |
known place Of residence of business
provided, that when all OF the stock |
holders are present in person or by /
proxy they may waive IN writing the /
notice and delay for such meeting, ex-
eept in cases where otherwise pro- I
Fided by law.
In voting for directors each stock
holder shall be entitled to cast either
each share Of stock owned by him,
which shall have been standing in
lis name on the books OF the Company
'or at least thirty days prior to the
late of election. The board of direc-
ors may establish transfer agencies In
centers to make transfer of
took Of this corporation, and under
UGH reasonable rules and regula tons +
S the board may establish. Stock
transfers. on the books of said trans.
er agents shall be deemed transferred
n the books Of the Company.
ARTICLE VI
The following persons shall eonsti-
ute the first board of directors, to-
TT: Messrs. r. NJ. WEIGH. J. Numa
olonlb, Honore Dugas, Charles Mau-
in. Clarence c. Barton. sr., e. P. Mum
on, ]. Z. Badaux, John Marks and Sam
. Leblanc
And the following shall serve as Of
GERS of the Corporation and shall
erve until their successors are elected
!, NJ WEIGH, President; J. Numa CO.
NIB, First Vice-P President: Honore
luSaSt SECOND H1ce-PfeSlUenCi ana
has. Maurin, Secretary Treasurer.
ARTICLE VII
Except as to increase or decrease of
1e capital stock, which shall be done
the manner and form required by
w, this act Of incorporation may be
hanged, altered, or modified, or said
may be dissolved by vote
/ not less than three. fourths Of the
ltstanding capital stock at a meeting
. the stockholders called especially z
If that purpose after ten days notice
each stockholder of the time and
lace of holding such meeting given in
le manner prescribed by Article Five
: this act, or by publications of
otiee Of such meeting for thirty days
some newspaper printed and pub b
shed in the town OF Donaldsonyf1le, In
a.; such meeting to be convened by
e secretary upon order of a majority
the board of directors, or upon writ
II request of those holding not less
an one-third Of the capital stock.
ARTICLE VIII.
Upon the termination of this charter
Their by limitation or any other cause
e business and affairs thereon shat