The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-05-06

which this corporation Is organize,
and the nature of the the business I
be carried on by 1t, are hereby d.
clared to be: To buy and sell for i,
{ own account, or for account of otber
to conslgn and receive on consigr
l ment for sale Or otherwise automo
? biles, auto-cars, motorcycles, motor
boats, stealH, gas and gasoline en-
glnes, motors, dynamos, oils, gasoip
: and sundrles, as we'll as plumbing
supplies and electrical supplies o
every kind; to operate, lease hire, re
pair and manufacture automobiles
auto cars, motorcycles and motor
boats OF every description; to operat,
shops, garages and other establish
ments; to construct and erect electric
and plumbing outfits; to purchase o.
lease real estate, and generally to en-
lgage in such other business. enter
prise or industry as many be connec-
ted with, germane or incidental to the
purposes for which this corporation
has been organized.
u ARTICLE "
| The capital stock of this corpora.
ton is fixed at the sum of Six Thou,
sand ($6OO0.0O Dollars, divided into
One Handaed and Twenty shares of
the par value of Fifty $4,000 DOL
lars each, which shares shall be paid
for in cash. No transfer Of stock
shall be binding upon the corporation
unless made upon its books, and all
certificates of stock shall be signed
BY such officers as many be des,gna-
ted by the Board of Directoas.
ARTICLE V
All the corporate powers of this
corporation, and the management and
control of its affairs, shall be vested
10, and exercised by, Board of Dr.
rectors composed of Five stockhol>
ders, a majority Of whom shall con-
stitute quorm for the transaction of
all business. The directors shall be
elected annually BY the stockholders,
at meeting to be held on second
Tuesday OF April of each year.
Each stockholders shall be entitled,
in person or by poxy, to a vote for
every share owned by him, and all
elections shall BE- held under such
rules and regulations as may be de-
termined by the Board of Directors.
The Directors thus elected shall con-
tinue IN office for one year, or until
their successors shall have been cleo
ted and have qualified. No failure to
elect shall be regarded as a forfeiture
Of this charter. ANY vacancy occur
ring on said board shall be filled by
the remaining directors for the unex-
PRED term. The Board Of Directors
shall, at its first meeting after its cleo
ton, nominate out of its number, a
president, a vice president and a secre
tary-treasurer. The said Board
shall have the right to unite any one
Of the two above mentioned positions
into one, or may segregate the posi-
ton of secretary treasurer, and it shall
employ and dismiss such clerks, mana
gers and other employees of the cor
poration as the interest aid business
of the same NAV Justify.
ARTICLE VI
No stakeholder shall ever be held
liable or responsible for the contracts,
faults Or debts Of this corporation,nor
shall any mere informally ID its Or
ganizatlon have the effect of render
ing this charter pId,::or of exposing Il
stakeholder 10 any liability beyond
the unpaid balance due on the shares |
owped by him.
ARTICLE VII
This act OF incorporation may be
changed, modified Or altered, Or this
corporation may be dissolved, with
the assent uf the stockholders owning
three fourths of the stock of the cor
poration, present or represented at a |
general meeting held for that pur-
posem and after at least ten DAYS,
written notice shall have been given
through mail to each stakeholder ut |
his last known place of residence. In
case of dissolution, by the expiration
Of this charter or otherwise, the stock
holders shall elect three liquidator~
from among their number 10 sett,,
the business and affairs of this com
pany. In case of the death or dis
ability OF any one said commissioner
or liquidators, the surviving ones
shall appoint a successor to him.
ARTICLE VII
immediately after tho signing 1i
this charter, the stockholders shan
meet aud elect FIVE directors Who
shall serve until the election to by
held Oh second Tuesday Of April 1912.
This corporation shall be goln5
CONCERN as soon rs THREE THOUSAND
DOLLARS ($3O0O.0W shall have been
aud paid TO it, capital
srock
Thus done and passed in my office,
10 the Town of Thibodaux, Parish aud
State aforesaid, on the date and in
the month and year first above writ.
ten, in the presence of the afore-
named Witnesses, who together with |
The appearers and me, Notary, have
signed these presents, after due read.
ing of the whole hereof.
Witnesses:
w. S. Lafargue, l.. E. Caillouet,