Thibodaux commercial journal. (Thibodaux, Lafourche Parish, La.) 191?-1959, 1910-12-28

of the following named persons: Arthur
A Scott, PRESIDENT and General Manager,
p. Emile Scott, Vice President, l.. Al
phonse Scott, Secretary and Treasurer,
Frank L. Scott and Andrew Scott.
ARTICLE b.
The Board of Directors shall have the
power generally to supervise the business
of the corporation, to adopt general rules
for its conduct; to contract for the pur-
chase of whatever may be required for
the operation of the property of the cor
poration in proper manner; to hire, en-
ploy and engage such overseers. managers
or superintendents as may be thought ne
cessary, and to fix their salaries and com
pensation; to mortgage or pledge the
property and effects of the corporation
by q majority vote of the Board
ARTICLE z
Three members of the Eoard shall con-
Stitute q quorum fOr the transaction of
business of the corporation.
No person shall be qualified to be q
member of the Board of Directors unless
he shall own at least one share of the ca
pital stock of the corporation
ARTICLE s
The president shall nave general super
vision of the administrative affairs of
the corporation; he shall preside at all
meetings of the Board and shall deal di-
teCUly Will Juc CASCuGlNc OuccES Oh UDG
corporation; he shall be the manager of
the finances and of the improvements to
the property of the corporation. Heis
vested with the power granted by q ma
jortty vote of the Board of Directors to
borrow money for the business of the cor
poratiou; to make and subscribe notes in
represent ttt tion of the loans so contracted;
to endorse notes for discount, and shall
have full power to pledge any personal
property OF the corporation, as set forth
| in a previous Article of this charter.
ARTICLE 9.
| The Treasurer shall be the custodian of
| the funds of the corporation, which funds
| shall be deposited in such bank or banks
as may be decided on by the Board.
The checks to be drawn on the treas
urer shall be signed by the PRESIDENT or
the Vice president and by the Secretary.
ARTICLE 10.
| The Vice PRESIDENT shall exercise the
| functions of the Pres1dtnt in case of the
| latter's inability to act or absence from
| the parish.
ARTICLE IL.
The Secretary shall have charge of
the books of the corporation, in which
| shall be kept the accounts of the reve-
nues and expenditures of the business.
These books and records shall be
subject to the inspection of any men,
| ber of the Board of Directors.
ARTICLE II.
| NJ stakeholder shall be liable or res
ponsible for any sum beyond the
| amount of his subscription. and he
| snail be subject to no further call and
shall in no way be liable for any of the
| debts of the corporation.
! All creditors must look to the cor
porate property for their demands,
nor shall any mere informality of Or
ganization have the effect of render
ing this charter null, or of exposing
any stockhOlder to any liability be-
yOnd the amount of his subscription.
ARTICLE 13.
This charter may be changed, modi-
fled or amended, or this corporation
may be dissolved by the stockholders
at a general meeting called for that
purpose, with the assent of three
fourths of the stock present or repre-
sented at such meeting. Ten days
notice of such meeting shall be given,
either by mailing same to the last
known address of each stakeholder. OF
by publication in newspaper publish
ed in the parish of Lafourche. Said
notices shall concisely state the OBJ
jects and purposes for which the meet.
ing is called, and, if by publication,
shall be published for ten consecutive
days Immediately preceding said meet
ing.
ARTICLE IA.
Any changes proposed or made with
reference to the increase OF decrease