The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-06-10

tons for the corporate management
and control Of the affairs Of said "a,
poratlon as may be deemed necessar
u and expedient.
Y ARTICLE II
; The domicile Of said eorporstio,
;. shall be in the town of Thibodaux
n State of Louisiana, aud all citation:
q and other legal process shall be ser.
we'd on the president, and in the alb.
sence of the president, on the vice.
) president, and, in the absence of both
OF these officers, on the secretary of
said corporation.
ARTICLE III
i The objects and purposes for
which this corporation is organized
and the nature of the the business to
be carried on by 1T, are hereby de-
clared to be: To buy and sell for its
own account, Or for account of others
to cons,gn and receive. on consign-
ment for sale or otherwise automo-
biles, auto-cars, motorcycles, motor
boats, stealr, gas and gasoline en-
gines, motors, dynamos, oils, gasoline
and sundries, as we'll as plumbing
supplies and electrical supplies oil
every kind; to operate, lease hire. re-
pair and manufacture automobiles.
auto cars, motorcycles and motor
boats of every description; to operate
shops, garages and other establish
ments; to construct and erect electric
and plumbing outfits; to purchase or
lease real estate, and generally to en-
gage 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.
ARTICLE "
The capital stock of this corpora
tion is fixed at the sum of Six Thou>
sand (S6O00.0O) Dollars, divided into
One Hundaed and Twenty shares oil
the par value Of Fifty $4,000 Dol.
.ars 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 Dlrectoas.
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 Di-
rectors composed Of Five stockhol>
aers, majority OF whom shall con- <
'titute quorm for the transaction of
'll business. The directors shall be <
elected annually by the stockholders,
1t meeting to be held on second 81
Tuesday of April of each year. 81
sach stockholders shall be entitled,
n person or by poxy, to a vote for 5
very share owned by him, and all
Elections shall be held under such a.
ules and regulations as may be de- ID
er'nined by the Board of Directors
he Directors thus elected shall con- si
niue IN office for one year, or until
heir successors shall have been cleo x
ed and have qualified. No failure toj
lect shall be regarded as forfeiture s
t this charter. Any vacancy occur
ing on said board shalt be filed by 81
ne remaining directors for the unex-
ired term, The Board Of Directors b.
hall, at its first meeting after its cleo co
on, nominate out of its number.
resident, vice president and secre
sry-treasurer. The said Board
hall have the right to unite any one
the two above mentioned positions
ito one, or may segregate the posi-
on of secretary treasurer, and it shall
npIoy and dismiss such clerks mana ~
efs and other employees of the cor ~
grafton as the interest aid business =,
the same may justly. -
/ ARTICLE VI III
No stakeholder shall ever be held al
able or responsible fl the contracts, W
'uts or debts Of this corporation, nor US
lall any mere informally in its Or ar
have the effect of render co
= this charter void, .or of exposing a
ockhoider 10 any liability beyond
le unpaid balance due on the shares :
wned by him.
ARTICLE VII
This act OF Incorporation may be
Hanged, modified Or altered, or this
'rporation may be dissolved, with
e assent of the stockholders owning IN
rec fourths of the stock of the cor
'ration, present or represented at
neral meeting held, for that pur- ;
'sem and after at least ten DAYS, tue
fitten notice shall have been given ~ -
rough mail to each stakeholder at ish
$ last known place Of residence. In Jai
Sc OF dissolution, BY the expiration vii
this charter or otherwise, the stock an al
lders shall elect three Iiquidators Ra
om among their number to settle on
e business and affairs of this COM
ny. In case Of the death or dis. the
ility of any one said commissioners wit
liquidators, the surviving ones =
all appoint successor to him. HI,
ARTICLE Viii Eli
Immediately after the signing of I
h nhartor fho cfonkhnidar, cho,l lSl