Thibodaux commercial journal. (Thibodaux, Lafourche Parish, La.) 191?-1959, 1911-01-04

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 Il. Scott and Andrew Scott.
ARTICLE 6.
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 zion of the property of the cor
pOratiOn in q 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 mem bers of the oard shall con-
stitute a quorum for the transaction of
business of the corporation.
No person shall be qualified to be a
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-
corporation; he shall be the manager of
the finances and of the improvements to
the property of the corporation. He is
vested with the power granted by a ma
jority 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
have tull power to pledge any personal
property or the corporation, as set forth
in previous Article of this charter. Z"
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 PresIdtnt in case of the
latter's inability to act or absence from
the parish.
ARTICLE IL.
The Secretary shall have charge of
the books of the corporation, in which
shall be kept the accounts of the reve-
nues and expenditures of the business.
These books and records shall be
subject to the inspection of any men,
Der of the Board of Directors.
ARTICLE II.
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 exposing
any stockholder to any liability be-
yOnd the amount of his subscription.
ARTICLE 13.
This charter may be changed, modi-
| fled or amended, or this corporation
may be dissolved by the stockholders
at a general meeting called for that
purpose. with the assent of three
fourths of the stock present or repre-
sented at such meeting. Ten days
notice of such meeting shall be given,
either by mailing same to the last
known address of each stockholder, OF
by publication in newspaper publish
ed in the parish of Lafourche. Said
notices shall cOncisely state the OBJ
iects and purposes for which the meet
ing is called, and, if by publication
shall be published for ten consecutive
days Immediately preceding said meet
ing.
ARTICLE IA.
Any changes proposed or made with
reference to the increase OF decrease