St. Landry clarion. (Opelousas, La.) 1890-1921, 1912-12-14
ARTICLE III.

- AC SdPIb61 SLDEA VI 5AS EG4u
tion shall be Ten Thousand and No 10
$4,000 Dollars, divided into and rep
resented by One Hundred ($I00) Shares
of the gum of One Hundred and No I0f
($100) Dollars each. which said stock
shall be paid for in cash or its equiva
lent ut the time of its subscriptions, OF
before its issue.
Any stakeholder may sell, or transfer
his stock In this corporation, provided
thirty 900 days prior notice of such
Intention to sell, assign or transfer the
same be given the company, and the
stockholders thereof shall have the
first privilege of purchasing same, after
which thirty days notice the said stock
may be sold in open market.
The stock of said corporation NAV be
transferred under the above conditions,
provided such transfer thereof be made
on the books of said company, at iIs
Office, and surrender of the certificate
therefor.
This corporation shall have the right
to commence doing business as soon as
Eight Thousand and No-I0G $4,000 Dol
lars OF the capital stock shall have been
subscribed for.
right to determine how much stock
shall be issued.
ARTICLE ".
The corporate powers OF this COM
pany shall be vested in and exercised
by 8 board of three or more directors,
out OF which, a president, q vice presi
dent. and a secretary and treasurer
shall be elected, the secretary and
treasurer may be one and the same per
son.
Two of said board shall constitute a
quorum for the transaction OF business.
and their decisions shall be valid cor
poFate acts.
The follwing persons shall constitute
the first Board of Directors: A. 81. Dore,
DR.. g. Richard, Mrs. a. B. Dore, Mrs. G,
Richard, with A. B. DoTe as PFssidsn
DI. G.. 4siCfiGf4 Is EieI President. Aias.
81. Richard as Secretary, and Mrs. A. B.
bore as Treasurer.
No person shall be eligible as director
or an officer who is nor = stakeholder of
this company.
Said board shall continue in Office un-E
til the second Monday in the month OF
January, 1913, Tor until their successors
shall have been eleetedl on which daS
and thereafter annually, q Board of
DfrsetUrs shall be elected, unless tine
same should be . holiday, when the
shall be held on tbs next legal
day thereafter. Notice of such election |
shall be given by at least ten (IOl days'
prior TO the date thereof By p~ubIleaSso4.
IN any newspaper published in the par
fsh OF st. Landry. Any failure from
any cause whatever to elect Directors
the day named for that purpose shall
not dissolve the corporation, but the
Directors Then III etfics, as Well as the
officers Of said company shall hold over
until their successors are chosen.
At every election and meeting each
shall be entitled to vote for
each share of stock registered In mis-
name, and may vote by proxy
After each election the Board Of Di
shall elect from their own num-
Der the officers Of said company.
ARTICLE V.
The board of directors shall have full
to fill vacancies in their number
caused by death, resignation or other
wise, from among the stockholders OF
The corporation
The said board shall have full control
N this company, and shall SO conduct.
manage, and use the same as in their
discretion they may deem fit, and that
s consistent with the objects Of this
company, OF the welfare of the same.
The saId Board shall also have the
light TO appoint agents, employees, SER
rants and clerks as it may deem neees-
AIRY for the conducting of the business
# the company, fix their compensation.
eFm of service. with the right to dis
Miss them at the said Boards pleasure,
md the said Board shall have right to
z and determine the salaries Of the
eVeral officers herein proVioed for.
ARTICLE VI.
This charter may be changed. modi-
led or amended, the capital stock in
reased or decreased, or this CORPORA
may be dissolved, at q general
Meeting of the stockholders convened !
or that purpose with the assent OF !
hrse fourths of the capital stock is /
ned, whether present or represented
t sueh meetiug1. Ten days prior no {
Ice OF such meeting shall be given In ,
ny weekly newspaper published In
be Parish of St. Landry.
In Ease OF dissolution or termination
( this corporation, either by limitation {
( its charter or from any cause, the :
of its affairs shall be con !
ucted by three commissioners, selected !
the stockholders, and at such q Z
called for that purpose, as
bove set forth in this Article.
Said commissioners shall remain IN
flee until the affairs of said company
nail have been fully liquidated. In
ss9 OF death OF one or more of said
oRmissioners, the surviving members
+ member shall continue to act.
ARTICLE VII. ]
No stakeholder Of this corporation ]
hall ever be held liable or responsible
II the contracts or faults thereof, In I