The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1912-09-21

| Article '
Yhe l''-it,css of this corporation
shall! br sra.,sarted and managed by
board ef f,.ur directors. Ozeme
Nsqutu. .jn...l.sl 4 t,reaud, Louis H.
Breaqd aad .j,,...,i. 4. Naquin shall
constitute the first sr,sFSi ~ directors,
with the said e}ze'ar S'9i'I". rs
president ahd treasurer, louis II.
Breaid rs ,irp-presitleut. Joseph A.
BreauA, .S ,llaasgrr. md .Joseph A.
NaGu'n. rs >.eitturv, Thy shalt hold
ss:.ar pfs;i' -. til il Ii. !i'it.f Monday
q! l'"n..r; .,.K.it-a iinhstred All"
1",n'"r, 81 an,,l ,hear Successors
>i)al i;ssy> been, s,el.itti and qualified.
e., HE third Monday OF January
i nsnetcen hundred and fourteen and
annually thereafter. an election for
!dnec'ors .E,ail1beIpId at the place Of
business If .said corporation, due
,o'is. Of whwl shall be given to each
| stakeholder, Of Ills duly authorized
.<gent by the secretsry the same to be
handed, sent ofsmailed at Iesst ten
days prior to DE said meeting. Four
! stockholders r4eiy,ng the majority Of
the votes cas shall be declared
| elected d'rectok The directors shall
take their seatSjmmediatsly on their
election. Each 4 Asa cs directors shall
elect preaidslt, WHO shali also be
treasurer, 4}Sice-president, a manager
and a secretary. a failure from any
cause tc hsld an electlol of direcor>
or officers shalt not dissolve the
corporation, bnt those. in office shaIl
hold over until their snc::assosss shall
have been elected and qualified at
another election to he called aEl held
in the maaner provided for herein
without Any unnecessary delay. Said
directors shal! have the right to fill
all vacancies in their nnml,rr. At all
e'rctj"ns each shags Of stock shalt be
en,,tlrd TO yn,.. 1I.tre members Of
HE brsr.i II ,Eifpctprs prrsrnt shall
constitute Il quorum fm the trans.
action and management Of business
of tie corporation. The board Of
directors Of the corporation mayI
adopt by-laws, ard regulations for the
and conduct Of the bust
ness thereof, and alter. modify and
amend the same as they may thik
proper, and TREY shall have full
power 70 make all purcbsses and
conlrae.s, to hire aud discharge
fix all salaries and to do
wi tnihgs necessary. All contracts
shall be signed BY the manager or
president aud then countersigDed by
The secretary.
Article VII,
AT the Termination Of this charter,
BY limitation or otherwise. the bus
ness AID affairs OF this corporation
'halI be liquidated by two commits.
'ioners to be appointed from among
he stockholders at regular meeting
after ten days previous
'otice, IN writing, shall have been
given by the secretary to each stock
iolder or his duly authorized agent.
aid notice to ae delivered 10 person
a Gent BY mail. SAID Commissioners
hall be elected and their dut,es
'utIes defined and their compensation
'x9h by a majority Of the SHARES
resent or represented at said
,eeting. Said commissioners. shall
erran in office until the affairs Of
aid corporation shall have been
quiaated, and il case Of the death
+ one, are more Of said commits
toner's SUCCESSOR or successors
hall be elected at another meeting
{ the stockholders in the same
,anner rs set forth above. q
This act of incorporation may be
hanged, modified or altered, or this (
maybe dissolved by G
otc Of three-fourths OF the capital I
ock represented at general
leeting of the stockholders convened
" such purpose, after ten DAYS
Dtice shall have been given IN the
anner as set fourth in the first
OF this article.
Article VII. /
No stakeholder shall be held liable @
responsible f,r the contracts or 6
ults Of this corporation in anyl
rther sum than the unpaid balance =
,e to the corporation o. the shares :
vned by him, nor shall any mere
formality in organization have the {
feet Of rendering this charter null, :
Of exposing stakeholder to any
Utility bsyond the amount Of his
ock. This corporation shall, De ..
mpetent to commerce
l,sness as soon a. five thousand dol
rs of it's stock shall haye been sub 81
ribed. Thus done, passed and :"
yned on the day, month and year
ct above written, IL the town Of
in the presence Of the
witneases, who have
,ned these presents together with is
e parties and me, said notary, after v
e reading Of tie whole hereof. Of
Original Signed) d
O. NaqsiD, 5 shares
Louis II. Bfeaud, S shares
j. a. Nsqoin, 8. shares
J.. A. Breaud, S shares
illnesses: |P
Albert l.. FoIse Vi
1nea,.t. A fNo.na q