The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1911-04-15

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, s.eaL, gas and gasoline en-
gines, motors, dynamos, oils, gasoline
and sundries, 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 10 such other business. enter.
prise or industry as many be connec-
ted with, germane or incidental 10 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 Fundaed and Twenty shares OF
the par value Of Fifty ($50.00) Dol
lars eaeh, which shares shall be paid
for in cash. No transfer of stock
shalIbe binding upon the corporation
unless made upon its books, and a /
certificates Of stock shall be signed
By such officers as many be des,gna
ted by the Board of Directors.
ARTICLE V
ALI the corporate powers of this
corporation, and the management and
control of its affairs, shall be vested
IN, and exercised by, Board of Dr.
rectors 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 a 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 10 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 its cleo
ton, nominate out of its number, a
president, a 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
poration as the interest AID business
IF the same may justify.
ARTICLE VI
No stakeholder shall ever be held
liable Or responsible fer the contracts,
faults or debts Of this corporation, nor
shall any mere informally in its Or
ganlzatlon have the effect Of render
ing this charter void, or of exposing
stakeholder 10 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
pora,ion, 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 Iiqnidatorp
from among their number 10 settle
he business and affairs of this con-
pany. In case of the death or dis
ability Of auy one said commissioners
OF liquidalors, the surviving ones
SHALL appoint successor to him.
ARTICLE VII
Immediately after the signing Of
this charter, the stockholders shall
meet and elect FIVE directors who
shall serve until the election to be
h:ld o., second Tuesday Of April ,9l2-
This corporation shall be gong
conceru as soon us THREE THOUSAND
DOLLARS ($300v,0O) shall have been
subscribed and paid to it, capital
srock
Thus done and passed IN my office,
10 the Town Of Thibodaux, Parish and
State Aforesaid, on the date and 10
the Mouth and year first above writ
ten, in the presence of the afore-
FAMED witnesses, who together with
the app bearers and me, Notary, have
signed these presents, after due read.
ing of~the whole hereof.
Witnesses:
W. s. Lafargue, l.. E. Caillouet,
(Signed) L. q. Roger, A. R. Staun-
ton, George Wives. per A. K. Staun
ton Los T. lraYIar Vim 4 Nolan