The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-05-13

which this corporation Is organized
and the nature of the the business t,
be carried on by 1t, are hereby de
clared TO be: To buy and sell for it
own account, or for account of others
to conslgn and receive on consign
ment for sale or otherwise automo
biles, auto-cars, motorcycles, motor
boats, steaI, gas and gasoline en-
: gines, motors, dynamos, oils, gasoline
and sundries, 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 every description; to operate
shops, garages and other establish
ments; to construct and erect electric
aad plumbing outfits; to purchase or
lease real estate, tnd generally to en-
gage in such other business, enter
prise OF industry as many be connec-
ted with, germane or incidental to the
purposes for which this corporation
has been organized.
ARTICLE Nv
The capital stock Of this corpora
ton is fixed at the sum of Six Thou>
sand ($6O0O.00) Dollars, divided into
One Hundaed and Twenty shares of
the par yaIue of Fifty $4,000 Dol
lars eacl, which shareephall be paid
for in CASH No trshater of stock
shatlTbe linttnag upon the corporation
unlSSs Msde npon IT'S books, and all
certificates ofAstock shall % signed
by such officers as many be deslgna-
ted by the Hoard of Directoas.
|. NICLE Va 40
All the crate powers Of this
corporation, AMI the management and
control of its affairs, haH be vested
10, and exercised by, Beard of Dr.
rectors composed Of t sloekhol>
ders, a majority Of shalt con-
stitute aqnorm 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 fof each /. year.
Each stockholders shall be entitled,
in person Of BY poxy, to . 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 htye been cleo
ted and have qualified. No failure to |
elect shall be regarded as a forfeiture
Of tits 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 |
ion, nominate out Of It's number, a |
president, vice president and secre
;ary-treasurer. The said Board
shall have the right to unite any one
If the tWpAabove mentioned positions
nto one, or may segregate the posi--
ion of secretary treasurer, and it shah
employ and dismiss such clerks,mana-
;ers aud other employees of the cor
3oration as the Interest aid business
" the same msF jEstifK ---:
ARTICLE VI
No stakeholder shall ever be held
liable or responsible for the contracts,
'auits or debts Of this corporation, nor
shall any mere lIformality IN its Or
5an,zatlon have the effect of render
ug this charter vote, :or Of exposing
'tockhoider TO any liability beyond
lie unpaid balance due on the shares
,wned by him.
ARTICLE VII
This act OF Incorporation may be
changed, modified or altered, or this
may be dissolved, with
he assent Of the stockholders owningi
;hree fourths of the stock of the cor
present or represented at a
general meeting held for that pur-
oosem and after at least ten DAYS,
written notice shall have been given
through mail to each stakeholder at
lis last known place of residence. LII
Ease of dissolution, by the expiration
# this charter or otherwise, the stock
holders shall elect three liquldator
from among their number 10 sett
he business and affairs of this con.
,any. In case of the death or d.
ability of any one said commissioner
or !iquidalors, the surviving one,
shall appoint successor to hun.
ARTICLE Vii
Immediately after the signing of
his charter, the stockholders shall
meet and elect FIVE directors who
shall serve until the election to be |
leld On second Tuesday of April 1912.
This corporation shalt be goins
rs soon as THREE THOUSAND
(s3OOO.Oo) shall have been
subscribed aud paid to its capital
srOck.
thus done and passed in my office,
q the Town OF Thibodaux, Parish aud
State aforsaid, on the date and in
he nonth|and year first above writ
,en, in the presence of the afore-
,amed witnesses, who together with
he appearers and me, Notary, have
signed these presents, after due read
NJ, <,f tho srhoip haroof