Thibodaux commercial journal. (Thibodaux, Lafourche Parish, La.) 191?-1959, 1911-01-11

of the following named persons: Arthur
A Scott. president and General Manager,
p. Emile Scott, Vice president, l.. Al
phonse Scott, Secretary and Treasurer,
Frank r. Scott and Andrew Scott.
ARTICLE b.
The Board of Directors shall have the
power generally to supervise the business
of the corporation, to adopt general rules
for it's conduct; to contract for the pur
chase of whatever may be required for
the opera lion of the property OF the cor
poration in a proper manner; to hire, en-
ploy and engage such overseers. managers
or superintendentS as may be thought ne
cessary, and to fix their salaries and COM
pensation; to mortgage or pledge the
property and effects of the corporation
by majority vote of the Board.
ARTICLE Z
Three members of the oard shall con-
stitute a quorum for the transaction OF
business of the corporation.
No person shall be qualified to be
member of the Board of Directors unless
he shall own at least one share OF the ca
pital stock of the corporation
ARTICLE s
The president shall nave general super
vision of the administrative affairs of
the corporation; he shall preside at all
meetings of the Board and shall deal di-
rectly with the executive off1cers OF the
CORPORATE tion; he shall be the manager OF
| the finances and OF the improvements to
| the property of the corporation. Heis
vested with the power granted by ma
iority vote of the Board of Directors to
! borrow money for the business OF the COR
| poration; to make and subscribe notes in
representation of the loans so contracted;
| to endorse notes for discount, and shall
i have full power to pledge any personal
| pf the c0rDnratiOn 9S forth
| in previous Article Of this charter.
ARTICLE 9.
The Treasurer shall be the custodian of
| the funds of the corporation, which funds
shall be deposited in such bank or banks
as may be decided on by the Board.
The checks to be drawn on the treas
urer shall be signed by the president or
the Vice president and by the Secretary.
ARTICLE 10.
The Vice PRESIDENT shall exercise the
functions of the Presldtnt in case OF the
latter's inability to act or absence from
the parish.
ARTICLE II.
The Secretary shall have charge of
the books of the corporation, in which
shall he kept the accounts of the reve-
nues and expenditures of the business.
These books and records shall be
subject to the inspection of any mem
Der of the Board of Directors.
ARTICLE u.
NJ stakeholder shall he liable or res.
ponsible for any sum beyond the
!, amount of his subscription. and he
shall be subject to no further call and
shall in no way be liable for any of the
debts of the corporation.
) All creditors must look to the cor
!. porate property for their demands
nor shall any mere infOrmality of Or
+ ganization have the effect of render
ing this charter null, or of exposins
any stOckhOlder to any liability be
yond the amount of his subscription
ARTICLE 13.
l This charter may be changed, mOdi
fed or amended, or this corporation
t may be dissolved by the stockholder
at a general meeting called for tha
purpose, with the assent of thre
' fOurths of the stock present or repr.
5 sented at such meeting. Ten days
e notice of such meeting shall be given
either by mailing same to the las
e known address of each stakeholder, O
by publication in newspaper publish
- ed in the parish of Lafourche. Sal
2 notices shall cOncisely state the OF
d jects and purposes for which the meet
e ing is called, and, if by publication
shall be published for ten consecutiv
K days Immediately preceding said NEE
II ing.
Il ARTICLE A.,
[. Any changes proposed or made wit
It reference to the increase OF decreas