The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-06-03

auto Cars, motorcycles and motor
boats of every description; to operat,
shops, garages and other, establish
ments; ia Construct and erect electri,
and plumbing outfits; to purchase OF
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
purp poses for which this corporation
has been organized.
ARTICLE "
The capital stock of this corpora
ton is fixed at the sum of Six Thou>
sand $4,000 .OO) Dollars, divided into
One Hundaed and Twenty shares OF
the par value of Fifty $4,000 Dol.
Jars 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 Directors.
ARTICLE V
All the corporate powers of this
corporation, and the management and
control of its affairs, shall be vested
IN, and exercised BY, Board of Di-
rectors composed of Five stockhol>
ders, 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 aud have qualified. No failure to
elect shall be regarded as a forfeiture
of this charter. Any vacancy occur
ring on said board shall be filed 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, q
president, vice president and 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 may 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 in its Or
ganlzation have the effect of render
ing this charter void, ,:or of exposing a
stakeholder to any liability beyond
the unpaid balance due on the shares
owned by him.
ARTICLE VII
This act OF incorporation may be
changed, modified or altered, or this
corporation may be dissolved, with
the assent of 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 at
his last known place of residence. In
case of dissolution, by the expiration
Of this charter Or otherwise, the stock
holders shall elect three liquidators
from among their number TO settle
the business and affairs of this COM
pany. In case of the death or dis
ability Of any one said commissioners
or !iquidators, the surviving ones
shall appoint successor to hun.
ARTICLE VIII
Immediately after the signing Of
this charter, the stockholders shall
meet and elect FIVE directors who
shall serve until sthe election to be
held on second Tuesday Of April ,9l2.
This corporation shall be going
concern rs soon as THREE THOUSAND
DOLLARS ($3OOO.00) shall have been
subscribed and paid to its capital
srock.
Thus done and passed in my office,
in the Town of Thibodaux, Parish and
State aforesaid, on the date and in
the mouth 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,
(SignedD L. G. Roger, A. R. Staun-
ton, George Wives, per A. K. Staun
ton, Jos. l.. Drexler, VIM. f. Nolan,
A. J. Cailouet, r
Notary Public.
State of Louisiana,
Parish of Lafourche,
/, Aiban c. CaiIlouet, Deputy
Clerk of Court and ex-offlco Recor-
der, duly commissioned and qualified