The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-05-20

tons for The corporate management
and contDl Of the affairs of said co,
porat,on is may be deemed necessar
and expdient.
ARTICLEII
The damicile Of said corporation
shall be h the town of Thibo(laux
State of Louisiana, aud ali citation.
and otha legal process shall be ser
we'd on tie president, and in the ab
sence OF The president, on the vice
president and. in the absence of bott
of these officers, on the secretary Of
said corporation.
Z ARTICLE III
The objects and purposes TO,
which thb corporation IS organized,
and the pture of the the business to
be carried on by 1t, are hereby de.
clared tobe: To buy and sell for its
own accouDt, or for account of others,
to cons,gn and receive on consigr.
ment fofsale or otherwise automo-
biles, auO-. cars, motorcycles, motor
boats, stsah., gas and gasoline en-
gines, mdors, dynamos, oils, gasoline
and sunfies. as well as plumbing
supplies and electrical supplies Of
every kind; to operate, lease hire, re-
pair and manufacture automobiles.
auto -cars motorcycles and motor.
boats of sery description; to operate
shops, gauges and other establish.
ments; toconstruct and erect electric
and plumbing outfits; to purchase or
lease realiestate, and generally to en-
gage in such other business, enter
prise or industry as many be connec-
ted with germaneor incidental to the
for which this corporation
has BEEN organized.
ARTICLE "
The capital stock of this corpora.
lion is fixed at the sum of Six Thou-
sand $4,000. 0O) Dollars, divided into
One Hundaed and Twenty shares of
The par value of Fifty $4,000 Dol
ars each, which shares shall be paid
Tor in cash. No transfer of stock
'hall be binding upon toe corporation
lnless made upon its books, and all
of stock shall be signed
~ such officers as many be des,gna-
ed 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
q, and exercised by, Board of Di-
'ectors composed of Five stockhol>
iers, majority OF whom shall con-
'titute quorm for the transaction of
Ill business. The directors shall be
elected annually BY the stockholders,
It meeting to be held on second
Tuesday of April of each year.
Zach stockholders shall be entitled,
n person or by poxy, to a vote for
very share owned by him, and all
elections shall BE- held under such
ules and regulations as may be de-
ermined by the Board of Directors.
The Directors thus elected shall con-
inue 10 Office for one, year, or until
herr successors shall have been cleo
ed and have qualified. No failure to
,lst,t shaltbe regarded as q forfeiture
t this charter. Any vacancy occur
ing Oh said board shall be filled by
he remaining directors for the unex-
,ired term. The Board of Directors
hall, at its first meeting after its cleo
ion, nominate out of its number, a
resident, a vice president and a secre
ary-treasurer. The said Board
hall have the right u unite any one
# the two above mentioned positions
nto one, or may segregate the posi-
lou of secretary treasurer, and it shall
mpIoy and dismiss such clerks, mana
,ers and other employees Of the cor
,oration as the interest AID business
4 the same may justify.
ARTICLE vi
No stakeholder shall ever be held
liable or responsible for the contracts,
aults or debts of this corporation, nor
hall any mere ,nformality in it's or.
have the effect Of render
ug this charter void, ;or Of exposing q
tockholder to any liability beyond
he unpaid balance due on the shares
'wned by him.
ARTICLE VII
This act OF Incorporation may bel
hanged, modified or altered, or this
may be dissolved, with
he assent Of the stockholders owning
lree fourths of the stock Of the cor
present or represented at u
eneral meeting held for that pnr-
osem and after at least ten days,
'ritten notice shall have been given
trough malt to each stockholder at
lis last known place Of residence. ln
ase Of dissolution, by the expiration
4 this charter or otherwise, the stock
olders shall elect three liquidators
rom among their number to settle
be business and affairs Of this COM
any. Incase Of the death or dis
bility of SnY one said commissioners
T liquidat0rs, the surviving ones
hall appoint . successor to him.
ARTICLE VII