The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1912-10-26

AEGlCIc
The business of this corporation
shall be transacted and managed by
board of four directors. Ozeme
Naquiu, JosephA Breaud,s Louis H.
Breaud and Joseph A. Naquin shall
constitute the first board OF directors,
With the said Ozeme Naquin, as
president .hd treasurer, Louis. H.
Breaud as vice-president, Joseph A.
Breaud, as manager. and Joseph A.
Naquin, rs secretary, They shalt hold
theft Offices until the third Monday
eff January nineteen >aundrtd aud
fourteen or until their successors
shall have been elected and Qualified.
On The third Monday OF January
nineteen hundred and fourteen and
annually thereafter, an election fo'
directors shall beile'd at the place OF
business Of SAID corporation, due
notice of which Shall he given to each
stakeholder, Of His duly authorized
agent by the secretary the same to he
hardcd, sent oglmailed st least ten
days prior to the said meeting. -Four
stockholders receiving he majority OF
the votes cast shah be declared
elected d,rectors The directors shall
take their seal, .ad diatsly On then
election. Each boaId Of directors shall
eject a president, who shall also he
treasurer, Il vice-president, q manager
and a secretary. A failure from any
cause tc hold an election Of direcors
or officers shall not dissolve the
corporation, bnt those in office shall
hold over until their successors shall
have been elected aud Qualified al
another election to be called and he'd
in the manner provided for herein
without any unnecessary delay. Said
directors shall have the right to FIJI
all vacancies 10 their namher. At al
elections each share of stock shall be
ep,,tlaa 10 vote. Three members OF
tn. beard Of dirr':tors present shall
constitute quorum FOE the trans.
action an,t infringement of business
of the corporation. The board 1T
directors of the corporation may
adopt by-laws, ard regulations for The
and conduct OF lib. bu,i-
ness thereof, and alter, modify aud
amend the same as they may thik
proper, and they shall have full
power to make all purchases and
contracts, to hire and discharge
fix all salaries and to do
all Things necessary. All contracts
shall be signed by the manager or
president aud then countersigned by
the secretary.
Article VII.
At the termination of this charter,
by limitation or otherwise, the bus
iuess ard affairs of this corporation
shall be liquidated by two com1Bis
sioners to be appointed from among
The stockholders at regular meeting
convened after ten days previous
notice, ID writing. shall have been
given by the secretary to each stock
holder or his dug authorized agent,
said notice to % delivered in person
o. sent by mail. SAID commissioners
shall be elected and their duties
lutes defined and their compensation
fixed by majority OF the shares
present or represented at said
Said commissioners shall
.emaln in office until the affairs of
,a.d corporation shall have been
iquidated, and in case of the death
If one are more of said commits
,ioners successor or successors
shall be elected at another meeting
# the stockholders in the same
manner as set forth above.
This act Of incorporation may be
hanged, modifiedor altered, or this
may be dissolved by q
yote Of three foarths of the capital
stock represented at general
meeting Of the stockholders convened
or such purpose, after ten daYs
,otice shall have been given IN the
manner as set fourth ia the FIRST
Of this article.
Article VII.
No stakeholder shall be held liable
" responsible f.,r the contracts or
aults Of this corporation in any
urther sum than the unpaid balance
ue to the corporation on the sh:,res
wned by him, nor shall any mere
in organization have The
fleet of rendering this charter liul',
II of exposing stakeholder to any
liability beyond the amount Of his
took. This corporation shah be
ompetent to comm cree
BUSINESS as coon as five thousand dol
airs of it's stock shall have been sub
cribed. Thus done, passed and
igned on tae day, month and year
irst above written, il the town Of
'hibodaux, in the presence of the
forenamed witnesses, who have
igned these presents together with
he parties and me, said notary, after
|ue reading q the whole her eof.
Original signeD
o. Naquin, 5 shares
Louis H. B,eaud, 5 shares
j. A. Naquin, 5 shares
J. A. Breaud, 5 shares
Witnesses:
Albert l.. Folse
Joseph A. Toups
(yhas T COnlon.