The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1912-11-02
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bear eight per cent per annum

~ sAAS 0SestN vi UuCSsoASs
Article v
/ The business Of this corporation
shall be transacted and maaaged by a
board OF four directors. Ozeme
Naquiu. Joseph A Breaud, Louis H.
Breaud a@l Joseph A. Naquin shall
constitute the first board Of directors,
with the said Ozeme Naquin, as
president ahd treasurer, Louis d.
Breaud AS vice.president, Joseph A.
Breaud, as manager, and Joseph A.
Naquin. as secretary. They shalt hold
their offices until the third Mmsiay
eff january nineteen hundred aud
fourteen OF until their successors
shall have been cle,;'ed and qualified.
On the third Monday of January
nineteen hundred and fourteen and
annually thereafter, an electionsfo,
directors shall beheld at the place OF
business Of sail corporation, due
notice of which shall be given to each
stakeholder, or Lis duly authorized
agent by the secretary, the same to I've
handed, sent or mailed at least ten
days prior to the said meeting. -Four
stockholders receiving the majority OF
the votes cast shall be declared
elected dlrectoss The. directors shall
takedheir seats INN diataiy on their
election. Each boaId OF directors shall
elect n president, who shall also he
treasurer, a vice-presNteut, manager
and secretary. \ failure from any
cause tc hold an eleGtDn of direcorS
Or officers shall not dissolve the
corporation, bnt those in office shalt
hold over until thcir.snccessors Shall
have been elected aud qualified ut
another election to be called and h. ID
in the manner provided for herein
without any unnecessary delay. Said
directors shall have the right to fiji
all vacancies 10 their number. At al
elections each share OF stock shall b.
entitled TO vote. Three members OF
'l: board Of directors present shall
atorurs for the trans
action :sis't infringement Of business
If the corporation 'fhe board Of
directors of the corporation MAJ
adopt lg-luws, ard regulations for the
rsa . q = s,,d s,t,Ns.tsy,.f #
ness Thereof, and alter, modify and
amend the same as they may thik
proper, and they shall have full
power 10 make alb purchases and
to hire and discharge
fix all salaries and to do
VI Things necessary. ALI contracts
hall be signed by the manager or
and then countersigned by
he secretary.
Article VII.
At the Termination Of this charter,
y limitation or otherwise, the bus.
ness ard affairs of this corporation
hail be iquidated by two commits.
ioners 70 be appointed from among
he stockholders, at regular meeting
onvened after ten days previous
office, IN writing. shall have been
.iven by the secretary to each stock
older or his duly authorized agent,
aid notice to <;ivercd in person
q sent by mail. SAID commissioners
hall be elected. and their duties
uties defined aud their compensation
xed by majority Of the shares
resent or represented at said
leeting. Said commissioners shall
emaln in office un,A the affairs Of
I'D corporation shalt have been
quidated, and IN case of the death
one are more of said commits
oners successors. or successors
lali be elected at smother meeting !
the stockholders IN the same
amer as set forth above. 1
This act Of incorporation may be
Hanged, modified or altered, or this
'rpora,'on may be dissolved by I'll
'tr Of three-fourths of the capital
ock represented at a general
Getting Of the stockholders convened
r such purpose, after ten days
'tice shall have been given IN the
amer as set fourth in the first,
rograph OF this article. l.
Article VII.
No stakeholder shall be held liable {
responsible for the contracts or
ults Of this corporation 10 any
rther SUM- than the unpaid balance
e to the corporation on the shares
med BY HIM, nor shall any mere
in organization have the {
,ect Of rendering this charter null,
of exposing a stockholder to anyl
b,lity beyond the amount of his
'ck. This corporation shail be :,
npetent to commerce
,sness as coon as five thousand dol
3 of its stock shall have been sub $,
ibed. Thus done. passed and
ned on tae day, mouth and year.
st above written, in the town of
ibodaux, in the presence Of thel
'renaineA wltnesses,> who have
ned these presents together with Lie
parties and me, said. notary, after "
ereading Of the whole hereof. Fol
Original SigneD B
O. Naauin, 5. shares
Louis H. B'eand, 5 shares
j. Il. Naquin. 5 shares
ia. Breaai, 5 shares 7
theses: LIZ
Albert l.. Folsa 70,
Joseph A. Tonps Ea