The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-04-22

W Carried on by 1T, are hereby de
clared 70 be: To buy and sell for it.
own account, or for account of others
to conslgn and receive on consign
ment Tor sale Or otherwise automo.
blies, auto-cars, motorcycles, motor
boats, steal, gas and gasoline en-
glnes, motors, dynamos, oils, gasoline
ana snndries, as we'll 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 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 ~ 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
ton 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
lars each, which shares shall be paid
| for incash. No transfer of stock
shaltbe binding upon tie corporation
unless made upon its books, aud 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
ID, and exercised by, Board of Dr.
rectora 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-
ti1ue 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 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 it's cleo
ton, nominate out of its number, a
president, d 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
.poratien 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 in its Or
ganlzation have the effect of render
ing this charter yoid,:.o 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 OF 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 eject three Iiquida,ots
from among their number 10 sett (
he business aud affairs Of thi, con-
;,ani. In case Of The death or dis
ability Of any one said commissioner
o. nquldalor-, the surviving ones
snali appoint ii successor to hun.
ARTICLE VII
Immediately after the signing II
this charter, the stockholders shal
| meet aud elect FIVE directors who
shall serve until the election to be
| Ii Id on SECOND Tuesday Of Airlll ,9l2
This corporation shaii be gn.ns
iconcern is so,n as THREE THOUSAND
DOLLARS ($3O0O.0u) shall have bee
] subscribed aud paid to it, capita
srock.
| thus tinne and passed IN my office
III the Town Of Thibodaux, Parish ant
Estate Aforesaid, on The date AMI II
the month aud year first above writ
item, III the presence OF the afort
named Witnesses, who together witt
til aprvarers aud me. Notary, h'v'
signel these presents, after Que read
lug Of the whole hereof.
| Witnesses:
! W. s. Lafargue, l.. E. Caillouet,
(Signed) L. q. Roger, A. R. Staur
ton, George Wives, per A. K. Stau'
ton, Jos. i. Drexler, VIM. +. Nolan,
A. j. Caillouet,
Notary Public.