The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-01-20

convenient for the accomplishment
of the objects and purposes above |
set forth.
ARTICLE ".
The caDital stock of this corpora-
ton is hereby fixed at the sum OF
Thirty eight Thousand (s5S,000) Dol !!
lars. divided into and represented by
three hundred and eighty shares OF
the par value Of One Hundred (Sl0o)
Dollars. each, to he paid TOR 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-a ssessable, 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 ana
control of its affairs, shall be vest
1 ed in and exercised by a board OF
directors, composed of three I'd
stockholders, two of whom, present
in person or by written proxy, shall
constitute a quorum for the trans
action of ali business. Tie direct
ors shall be elected annually BY bal
lot bv the stockholders, on the
first Monday of October in each
wear. 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
| tons shall be held under such rules
and regulations as may be adopted
by the board Of directors. The d.
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 dissolVing the corporation. Any
/ vacancy occurring on the board snail
! be filled by the remaining directors
| for The unexpired term. Until the
annual election to be held on the
first Monday in October, 1872, the
! Following persons shall compose the
board of directors, to-Wit:: Edwin T..
Brady. George A. Sinlms and ]. s.
I Brady.
/ ARTICLE VI.
The officers Of this corporation
shall consist of a president, a VICE
president, secretary and a treas
/ urer. The president, vice president
and treasurer must be directors, and
the secretary must be a stockhoider.
4 Said officers shall be elected an
nuaIly by the board of directors, inn
4 .aediately after their election by the
stockholders. The board OF directors
may select such managers and other
E, 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
t=persons shall be the officers OF the
company, to-Wit: Edwin F. Brady,
president and treasurer; George A.
Simms, Vice-president and secretary.
4 ARTICLE VII.
The annual and all other meetings
!, Of stockholders shall be held at the
II aso1aTcIe OF tie corporation, after ten
Iaays prior written notice thereof shall
j nave been given by the secretary, IN
4 der the seal of the company, to each
stakeholder, addressed to his last
known place of residence, and after
a publication Of such notice at least
ten days prio1. to the time thereof, IN
newspaper published in Ascension
parish. Special meetings of the board
f of directors or stockholders may be
neId upon call of the president; and
che president shall be required to is
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
them respectively on their subscrip
f tons. No mere informality in this
f act of Incorporation shall render this
/ charter void, or expose stockholders
> 20 liability beyond the amount of theil
5 stock.
ARTICLE TX.
: This charter may be amended III
all respects except as to the increase
: or decrease of its capital stock OF
: its number of shares, or the corpo
; ration may be dissolved with the as
: sent of stockholders holding a ma
) jority Of the outstanding stock, at 9
general meeting convened for. thai
] purpose in the manner hereinafter
provided. In case Of dissolution BY
: the expiration Of this charter OF
otherwise, the affairs of the corpora
ton shall be liquidated under the
supervision of three stockholders tx
be elected at the meeting ordering
such liquidation.
Thus done and passed in my office
) Lat the city Of New Orleans on the
) day and date herein first above writ
ten; in the presence Of e. L. Szabafy
~ 49,, 1880 1Ir4