Lower coast gazette., 1910-08-27

shall have printed on their faces the
following: This certificate 10 issued
and held subject to al conditions and
restrictions set out in the charter
Certificates of the capital stock shall
be executed by the President and Secre-
tary, under the seal Of the corporation.
No certificate shall be issued until the
stock evidenced thereby shall be fully
paid. When not purchased by other
stockholders as above provided, certiii-
Gates of stock may be transferred on
the books of the Company under such
terms and conditions a the bylaws
shall provide.
ARTICLE V.
All the corporate powers of this cor
poration shall be vested and exercised
by a Board OF Directors to be composed
of THREE (3} stockholders of this cor
poration, a majority of whom shall
constitute a quorum for the transaction
of business. The stockholders shall
meet immediately after the adoption
of tbs charter, and shall elect its first
Board of Directors.
The Board Of Directors shall hold
Office until the first Wednesday in Au-
gust 1911, or until their successors shall
have been elected and qualified. The
said Directors shall be elected annually
on the first Wednesday in August of
each year thereafter, and all such cleo
tons shall be by ballot and shall be held
at the Office of the CORPORATION.
Ten co days prior notice of such
elections shall be given by the Secre-
tarv who snail serd such notice ia each
stockholacv by a rotice mailed to his
address as shown by the boohs Of this
corporation.
The directors thus chosen shall serve
and continue in office until their SIC
/ cessors shall be elected and qualified
At eac> .lno"iOn each OF the stockho!G.
egs shat! u 4u:l,led to cast one vote
for each and every share Of stock nel'
BY him either in person or by proxy
and a majority of the votes thus cas-
shall elect he directors for the ensuing
wear. Ii at any time there should be
failure to hold a stock holders meet
ing to elect directors, or if at sucl
meetings there should be a failure tt
elect directors as above provided. sucl
failure shall not dissolve this corpora
ton, but the then existing Board of Di
rectors shall continue to hold office; ant
as soon as may be practical thereafte
another election may be held, whereo
TEN (O) days prior notice shall be give'
by the Secretary as above.
Any vacancy occurring in the Boar
of Directors from any u whateve
between the elections Shall be fllled d.
the remaining directors.
Should any director, for any reason
be prevented from attending a meetin
! of the Board, he may give his prox
or power of attorney, which proxy @
) power of attorney shall specificall
state the purpose thereof and in wha
manner and to what extent the sai
delegated authority shall be exercise
' and the person acting under the sal
proxy or power Of attorney shall with
this power represent the said aoser
5 director in all respects as fully as
the said director were himself preser
at said meeting,
Said Board Of Directors, without be
i ing hereunto especially authorized b
: the stock holders. shall have full powt
: t, mortgage the property OF the Col
~poration and to issue notes or bono
4 under the said mortgage.
ARTICLE VI.
The officers Of this corporation sha
be a President, V~ice-President and SCI
retary-treasurer.
In the bylaws of this corporation tt
4 directors may provide for such otht
e officers as they may deem necessar!
h All of the said officers shall be chose
h by the Board Of Directors at its fir
e meeting succeeding the meeting of II
stockholders on the First Qst) Wedne
S day of August Of each year. Thepow
n and duties Of said officers shall be sut
Q as are customarily enjoyed and exc
cised by those holding like positions az
;, such as may be prescribed by the b.
laws Of this corporation.
ARTICLE VII
Any written resolution signed by {
d owners Of the stock Of the said corpo
k alton and spread at length on the mi
utes Of said corporation by its Seer
tary shall have the same force as
h passed at any general or special nee
ing of its stockholders.
ARTICLE VIII.
1t Whenever the said corporation is d
solved by Limitation or from any 9th
,e cause, its affairs shall be liquidated
in three commissioners to be appoint
}, from among the stockholders. at
I'd general meeting Of the stockholdt
Il to be convened for that purpose af'
in thirty days notice by publication II
.r newspaper published in the Parish
e. Plaquemincs. and with the assert Of
,s M.:a-ity q IL c,rjtal stl>.... t..