The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1912-11-22

tracts for the carriage of mails, pas.
sengers, goods and merchandise by
any means, either by its own vessels,
railways or conveniences or by or
over the vessel, railways or conven-
fences Of others. To buy, lease or
otherwise acquire, construct, main.
tain and operate wharves, piers,
docks, warehouses and depots; to
manufacture, buy. or otherwise ac-
quire all kinds Of materials, articles,
machinery, engines, boilers and furni-
ture entered into or suitable or con-
venient for the construction, equip
ment and operation of steamboats,
and other vessels; to design, con-
%struct, and repair vessels. ships, boats,
wharves, docks, dry docks, and piers.
To carry on the business of cold stor-
age warehouses and any business in
cidental or implicitly incidental there
TO-.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed as the sum of
Two Hundred and Fifty Thousand
$3.50, 0OO.0O) Dollars. divided into and
represented by twenty-five Hundred
(2500) shares of the par value of One
hundred 100000. Dollars each. Said
stock shall be paid for in cash or in
such installments and at such time
and after such notice to the subscrib-
ers as the Board of Directors may
fix, or the same may be issued, at not
less than par, for labor done and for
service performed for this corpora
ton, or for property, or rights, actual
ly received by this corporation. This
corporation shall become a going con-
Germ and shall be authorized to com
Ten Thousand $10,00.00) Dollars of
its capital stock shall have been sub
scribed for.
The certificates representing said
stock shall be signed by the President
and the Secretary or, in cas- of the
inability of said officers or either of
them to sign the certificates, the same
shall be signed by such officers as
the Board of Directors shall designate.
The certificates of stock shall be
transferable on the Stock Book of the
Company on surrender, or proof of
loss Of the certificates. No transfer
of stock shall be binding upon this
corporation unless and until entered
upon it's books. No transfer of
stock shall entitle the transferee |
to receive dividends or to vote as a
until after such transfer
on the books of the Company shall
have been legally requested; and no
transfer of stock shall exempt the
last registered owner from calls or as
oCcvoor{x r,oIa ~rsN~ ~ 1oro1 ~or,,ock |
for registry of the transfer on the
books of the Company.
ARTICLE V.
The corporate powers OF this cor
Doration shall be vested in a Board of
Directors to be composed of seven d.
rectors, all of whom must be owners
Of stock in the corporation. A major
ity of the members of said board shall !
a quorum for the transac-
ton of business. Said Board of Di-
rectors shall be elected at a general
meeting Of the stockholders to be
held on the first Monday of February,
1914, and on the first Monday of Feb
ruary Of each year thereafter. In the
event Of failure to elect at such time,
then at a special meeting Of the
to be called for that pur-
pose in the manner hereinafter pro.
vided.
The directors and officers shall hold
heir Office for the term Of one year
Ind until their SUCCESSORS shall have
been elected and qualified.
At all meetings Of the stockholders
ZACH st ,ckholder shall be entitled to
asst in rerson, or by written uroxy,
me vote for each share of stock held
" him.
Provided, no rereon shall be per-
nitted to vo:e as > stockholde.. unless
lie shall have beel regist.ra a. xrch.
n the books Of the Company, At
t least thirty days prior to the date
offers to vote.
A majority Of the votes cast shall
lect or decide on all questions before 1
he meeting.
Any vacancy occurring In the Board
I Directors, either by death. resigna- I
lon, or other cause, shall be filled by I
he remaining directors from among I
he stockholders, at q meeting held /
that purpose and such new direct {
re- shall serve until the next regular
by the stockholders. 1
Immediately after their election 4
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