The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-01-13

Thirty-eight Thousand ($38,00O) Dol
lars, divided into and represented by
three hundred and eighty shares OF
the par value of One Hundred ($10O
Dollars, each, to be paid for in
or property paid or made over
to the corporation. The capital STOCK
of this corporation may be increased
OF diminished by proceedings taken
in the manner prescribed by law.
ALI of said stock shall be full PAID
and worcestershire, and transfers
thereof shall not be binding on the
company, unless recorded on its
books. The corporation may begin
business as soon as Eight Thousand
Dollars of its capital stock is sub
scribed.
ARTICLE "
The corporate powers OF this cor
poration and the management ana
control Of its affairs, shall be vest
ed in and exercised by a board or
directors, composed of three CD
stockholders, two of whom, present
in person or by written proxy, shall
constitute quorum for the trans
action of all business. Tie direct
ors shall be elected annually by bal
lot by the stockholders, on the
first Monday Of October in each
year. Each holder of stock shall be
allowed to vote in person or by Wrlt-
ten proxy, one vote for each share
Of stock owned by him; and all cleo
tions shall be held under such rules
and regulations as may be adopted
by the board of directors. The d.
rectors thus elected shall continue
in office for one year, or until their
successors shall have been elected
and qualified. No failure to elect
directors or officers shall be regard
ed as a forfeiture Of this charter OF
as dissolving the corporation. Any
vacancy occurring on the board shall
be filled by the remaining directors
for the unexpired term. Until the
annual election to be held on the
first Monday in October, 1912, the
following persons shall compose the
board of directors, to-Wit: Edwin r
| Brady. George A. Simms and J. S.
| Brady.
| ARTICLE VI.
| The officers of this corporation
shall consist of president, a vice.
president, a secretary and a treas
urer. The president, vice president
and treasurer must be directors, and
the secretary must be a stakeholder.
/ Said officers shall be elected an
nually by the board of directors, i'm
mediately after their election by the
| stockholders. The board of directors
] may select such managers and other
officers as the interest of the COM
! pany may require. Until the annual
/ election to be held on the first Mon
day in October, 1912, the following
persons shall be the officers of the
tcompany, to-Wit: Edwin P. Brady,
president and treasurer; George A.
! Simms, Yice-president and secretary.
4 ARTICLE VII.
The annual and all other meetings
OF stoeKhoTders snail be 7naId tlss
domiciIe Of the corporation. after ten
days prior written notice thereof shall
have been given by the secretary, IN
| der the seal of the company, to each
stakeholder, addressed to his last
known place of residence, and after
a publication of such notice at least
| ten days prior to the time thereof, in
a newspaper published in Ascension
parish. Special meetings Of the board
of directors or stockholders may be
: held upon call of the president; and
the president shall be required to IS
sue such call at any time, upon tbs
written request of three members OF
the board of directors.
ARTICLE VIII.
Liability Of the stockholders of thi'
corporation for the contracts or fault:
of said corporation is limited to any
unpaid balance that may be due BY
: them respectively on their subscrip
tons. No mere informally in this
act of incorporation shall render thl;
charter void, or expose stockholders
to liability beyond the amount OF thei
J stock
ARTICLE TX.
: This charter may be amended il
all respects except as to the increas'
I or decrease Of its capital stock ..
: its number of shares, or the corpo
sent of stockholders holding a ma
jority of the outstanding stock, at !
general meeting convened for tina
purpose in the manner hereinafte
provided In case of dissolution b.
the expiration of this charter o
otherwise, the affairs of the corpora
ton shall be liquidated under tn
supervision of three stockholders t,
: be elected at the meeting orderinl
: such liquidation
. Thus done and passed in my offic
) at the city OF New Orleans on tn
e day and date herein first above writ
8 ten, in the presence of e. L. Szabar
/; and G. W. schWeitzer, competent wi
;; nesses, who hereunto sign thei
names with said appearers and me
Y Notary, after due reading of tn
! whole.
: (Original signed:)
GEO. A. sIMMS, 5 shares.
S E. P. BRADY, 70 shares.
]. S. BRADY, per E. P. Brady,
t 5 shares.
81 Witnesses:
/. u czApbpv