The Donaldsonville chief., 1912-01-06
ARTICLE ".

x
Of the objeets and purposes above
set forth.
ARTICLE ".
The capitaA stock of this corpora
ton is here's fixed at the sum Of
Thirty eight Thousand ($3S,000) Dol
lars, divided into and represented by
three hundred and eighty shares of
the par value of One Hundred (S100)
Dollars, each, to be paid for in
money or property paid or made over
to the corporation. The capital stock
of this corporation may be increased
or diminished by proceedings taken
in the manner prescribed by law.
All of said stock shall be full paid
and non-assessable, and transfers
thereof shall not be binding on the
company, unless recorded on it's
books. The corporation may begin
business as soon as Eight Thousand
Dollars of its capital stock is sub
scribed.
ARTICLE v.
The corporate powers of this COR
poration and the management and
control Of it's affairs, shall be vest
ed in and exercised by a board OF
directors, composed of three (3)
stockholders, two of whom, present
in person or by written proxy, shall
constitute a quorum for the trans
action of all business. The 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 writ
ten proxy, one vote for each share
of stock owned by him; and all cleo
tions shall be held under such rules
by the board of directors. The dl-
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 or
as dissolying 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 P.
Brady, George A. Simms and J. S..
Brady.
ARTICLE VI.
The officers of this corporation
shall consist of a president, a vice
urer The president, vice president
and treasurer must be directors, and
the secretary must be stockhoider.
Said officers shall be elected an
nuai1y 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
company, to-Wit:: Edwin P. Brady,
president and treasurer; George A.
Simms, yice-president and secretary.
ARTICLE VII.
The and srfssetfer ME
Of stockholders shall be held at the
domiciIe of the corporation, after ten
| days prior written notice thereof shall
have been given by the secretary, un-
der the seal of the company, to each
stockholder, 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
I tEa oh J,as to ic-
sue such call at any time, upon the
written request of three members Of
| the board of directors.
ARTICLE VIII.
Liability of the stockholders Of this
corporation for the contracts or faults
of said corporation is limited to any
unpaid balance that may be due by
tions. No mere informality in this
act Of incorporation shall render this
charter void, or expose stockholders
to liability beyond the amount of their
! stock.
| ARTICLE TX.
| This charter may be amended in
all respects except as to the increase
or decrease of its capital stock or
it's number of shares. or the corpC-
ration may be dissolved with the as
sent of stockholders holding a ma
| jority of the outstanding stock, at a
general meeting convened for that
purpose in the manner hereinafter
provided. In case of dissolution by
| the expiration of this charter Or
otherwise, the affairs of the corpora
ton shall be liquidated under the
supervision of three stockholders TO
be elected at the meeting ordering
such liquidation
Thus done and passed in my office
at the city of New Orleans on the
day and date herein first above writ
ten, in the presence of E. L. Szabary
and G. W. Schweitzer, competent wit
nesses, who hereunto sign their
names with said appearers and me,
n L.