St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-09-03

change for property or rights actually
received or purchased by said corpora
tloll, or the same may be issued full,
paid Tor money advanced and for sucI
other valuable considerations or ser.
vices as the board of directors Of SAID
Company may determine, provided
that no stock shall be issued until the
consideration therefor has been re.
ceiYed by the said corporation,
ANY stock holder may sell, assign OF
transfer his stock in this corporatiou
provided thirty days prior notice 81
such intention to sell. assign or trans
fer be given the company, and the 9th
er stockholders thereof shall nave the
hrsf privilege Of purchasing same. after
which thirty days notice the said stock
may be sold in open market. The
Company shall begin business as non
as Three Thousand Dollars shall have
been subscribed. and paid up.
ARTICLE 5.
The business of this corporation sbal1
be managed by, and all It's
powers shall be vested in, 8 Board Of
directors composed of three stock
holders to pc elected annually on che
hrst day Of September Of each year.
~ their hrst meeting in each year.
said Board shall elect one of their mnernl
bers as President, another as Vice-Pres-
ident. The Board shall, at its frst
meeting in each year, elect a
secretary and treasurer and fix their
salaries.
The manager and treasurer shall ha
stockholders, but the secretary nav or
may not be a stockholder.
ARTICLE 6.
At all elections for the Directors the
persons receiving the votes of the ma
jority IN AMOUNT Of the capital stock 81
said company shall be declared eIantad
and at all meetings OF the Board ~ III
rectors the action of the majority in
number present shall prevail. A ma
jority Of the Board of directors shall.
constitute q quorum for the transaction
business
ARTICLE Z.
Said Board Of Directors shaIl ~
authority to fill all vacancies and sbaII gg
have full power to make and estabi3sL
rs well as change and alter al nleas,sra
al such bylaws, rules and regnIatians
'or the support and management ~ tbs
affairs OF said corporation as they NAV
necessary. LAY
ALTICLE s.
All checks, drafts and notes shah IL
by the President and Manapar
md in case Of their inability. dns ~
heir absence, by the Treasurer.
ARTICLE 9.
All elections for Directors shall ~
leld at the office of the Cononanp "
lie first day Of September Of aaeh ~
lnder the supervision Of two Com
toners to be appointed by the Board af
Directors.
Ten days prior notice Of each alactton
hall be gwen IN writing to each stock
ARTICLE 10.
Failure for any cause to hold an
ion for the Directors on the dar zee
pecified shall not.dissolye said oVe
tion, but those in office shall hold ipoa
.ntll their successors are elected,
ARTICLE Ii.
The first Board of Directors sb.li
ist Of Mason Mcbride ns con-
words and w. 70. Fowler. Mss =. W.
'ride shall be President, Man, acs
treasurer, DR.. M. w. Swords ana
ice-Ffesldeht ana W. g. Fowler Sac.
said Directors and officers shall con
n oHce until the First dav -
plen III, or until their suo-
sssofs snail nave been elected and
ARTICLE u.
AL all elections for the Board
every share of stock M Oh Di-
p shall be entitled to one vote Pald
ARTICLE Is.
No stockhoIder Of the aor.
1aii ever be held liable for sasIon
acts or faults of said ornoratoo n.
Nv further sun than tlie .laslon In
nee Of the shares OF III aanstsla oai-
Wned By him. nor shall anp saLstook
IN organization sle N
.ct of rendering this cnartar ms efr
Lposing z stockfolder 10 anV iisht.or
sYond such unpaid balance. A4Aniisg
ARTICLE ID.