The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1912-10-05

Arid y.
The business ! this corporation
shall be trspsactednd managed BY
fboard Of four dectqrs. Ozeme
D Nsquiu, Joseph A :reaud, Louis h.
. Breaud and joserA. Naquiu shall
. !, constitute the firstoard Of directors,
,, With the said Q,me Naquin, as
!, ), president .hd tr,surer, Louis H.
! Breaud zs vice,,preidept, Joseph A.
Breaud, AS manag, and Joseph A.
Naqain. as 'reretay They shall hold
, their offices until be third Monday
Fl January n|nsten hundred sn"
fourteen o, ~ uni their successors
shall tayc heen els'ed and qualified.
On the third ;tnday OF January
nineteen hundred and fourteen and
annually thereafb, an election for
directors shol' hfYet at the plucs qF
business of salt corporation, dye
notice OF which sh;l be given to each
stakeholder, or ii. duly authorized
agent by The secrt.ry,the same to he
handed, sent or msled at least ten
days prior to the 4id' meeting. Fosr
Stockholders receiyng the majority pi
The votes cast Shall he declared
elected a'rectors The directors shall
take their seats iIneliataly on their
election. Esa.A bad sx directors shall
[elec, pfftaV'tA,'W shall also he
treasurer, "a vl!ce..l,Yesfent, q manager
aud secretary. 4 fliiure from ANY
cause tc hold al electha of ,litecaFs
or officers shall POT dissolve ,s,r
corporation, bnt those b office shall
hold over nhtii their SUCCESSORS shall
have been elected aud qualified 8,
another election 70 :.e t:slicd and held
in the manner: pray,lc'' for hercip
VII bout aHy unnecessary DELAY. SAID
directors shall have ;llc right to fill
all vacancies i'll ,heiF numher. At all
elections each share. Of stock shall be
ent'tIrd 70 vote. Three members Of
III: board Of 'li',rtors pr+sen. shall
I"22,t,s''tH,e " quorum for ,h. trans:
| -cti'n and spalag'nnen, of business
If the corporallnia The bc md q;
directors Ut the corporation ,Asy
adopt by-laws, ard 3rxuI,,ions fm ths
transaction and conduct 1T tn. bust;
ness thereof, and alter, modify an,,
amend the same as they may tb:k
proper, aud they ahal' have fU,|
power to, maks Ell purchases aSd
contracts, to hire aud discharge
employees, fix all salaries and to do
all tnibgs necessary. AL! contracts
shall be signed by the manager "
president and then countersigned by
the secretary.
Artiqk VII.
At the Termination Of this charter,
by Limitation, or Otherwise, the bus,
iuess aud affairs ot this corporation
shall ps li4uidstedl BY two comma
sioners to be appointed from among
the Stockholders st 4 regular meeting |
convened after ten days previous
notice, ID writing. aAail hive been
given by the secretary to each stock.
holder or his duly authorized agent,
said notice to. oe delivered in person I
- scr. 4. BY y, qsil ssM commissioners
shall be elected their ,Ini,es
'uties defined audiEeir compensation
liked bY q msiiQQ11i1y of, the shares
present or represented ut said /
Meeting. Said commissioners shalt
'spa'n in office until the affairs Of
mid corporation shall have been
'quidatei, and "a case Of the death
i one are more Of said commits
toner's succesaoy or successors
hall be elected AZ another meetingl
4 the siockhoIdes in the same
manner AS set forth above. T.
This act of incorporation may be
hanged, 4odifiedYE altered, or this
'nay b. dissolved by alt
otc Of. t4rt~-:foarths OF the capital
took represented at general
,eeupg of the stockholders convened i
Or such purpose, after ten daysE
office. sba II have bee II given 10 the
'anner as set fourth in the first
OF this article. l.
Article VII. /
No stockholder shall be held liable kC
: responsible for the contracts rE6
'ults Of this corporation in anyE
'r'her sum than the. unpaid baIa nee
lie to the corporation on the shares #
Vned by hlm, nor shall any nscreI
formality in organization have the {
feet of rendering this charter null,
of exposing a stockholder to anyt
ability beyond the amount Of his I
ock, This corporation shah be :,
mpetent to commerce.
llsness as soon as five thousand dol
rs of its stock shall have been sub 8,
ribed. Thus done, passed and +"
yned on the day, month and year
st above written, in the town off
libodaux, in the presence Of the
orenamel witnesses, who have
,ned these presents together with lis
{, parties. aid 'messeid notary. after q
e. reading of the whole hereof. Eoi
Original Sigped}, I'D
Q. Naquin, s, shares
Louis H. B,!eaud, S sharesl
J. a. Naqpin, 5. shares +
j.. A. Breapd. 5 shares
'sNn9esses: En-
Albert l.. Eolse US
Joseph A. Toups. fa&
nnnl4> q