The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1912-10-19
bear eIgh, per cent per annnm
interest, provided if ID needed by this
corporation, winch shah be determined

| Ine business OE tlIS colp olatlou
shall be transacted and managed by a
board of four directors. Ozeme
Naquiu, Joseph A Breaud, Louis Il.
Breaud and Joseph A. Naqu'n shall
constitute the first board OF directors,
With the said Ozeme Naquin, as
president ahd treasurer, Louis H.
Breaud as vie president, Joseph A.
Breaud, as manager, aud Joseph A.
Naquin, as secretary They shall hold
their offices until the third Monday
eff January nineteen hundred aud
fourteen or until their successors
shalt have been elected and qualified.
On the third Monday of January
nineteen hundred and fourteen and
annually thereafter, an election for
directors shall beheld at the ulace OF
business of said cooperation, due
notice of which shall i,e given to each
stakeholder, or his duly authorized
agent by the seeretsry,the same to be
handed, sent or mailed At least ten
days prior to the said meeting. Four
stockholders receiving ma i,rity Of
the votes cast shall be declared
elected directors. The directors shall
take their seats immediately on their
election. Each boald of directors shall
eject a president, who Shall also be
treasurer, viue-president, a manager
and a secretary. A failure from any
cause tc hold an eleetloa of direcoss
or officers shall not dissolve the
corporation, bnt those in office shall
hold over until their successors shall
have been elected aud qualified at
another election to he called and he'd
in the manner provided for herein
without any unnecessary delay. Said
directors shall have the right to fill
all vacancies in their number. at a |
elections each share of stock shall BE-
entitled 70 vote Three members Of
the board of directors presrn. shall
, constitute quorum fol- the trans
action aud management OF business
If the corporation i'he board of
directors Of the corporation may
adopt bylaws, II, d regulations tor the
transaction and conduct Of the busi-
ness thereof, and alter, modify and
amend the same as they may thik
proper, and they shalt have full
power to make all purchases and
contracts, to hire and discharge
employees, fix all salaries and to do
all Things necessary. Ali contracts
shall be signed by the manager or
president and then countersigued by
the secretary.
Article VII.
At the Termination Of this charter,
by Limitation or otherwise, The bus
mess ard affairs of this corporation
shall be liquidated by two commits
sioners to be appointed from among
the stockholders at q regular meeting
convened after ten days previous
nptice, IN r1gs ing il have been
given by the see 10 each stock
holder or his dull authorized agent,
said notice to oe delivered in person
GA sent by mail. lSMd commissioners
shall be elected Ind their duties
duties defined and their compensation
fixed by majority of the shares
present Or represented at said
meeting. Said commissioners shall
remain in office until the affairs of
SAID corporation shall have been
Iiquidated, and in case of the death
of one are more of said commits
sioners 3 successor or successors
shall be elected ii another meeting
of the stockholders in the same
manner as set forth above.
This act of incorporation may be
changed, modified d altered, or this
corporation may be- dissolved by al
vote of thrce-fouxths &She capital
stock represented at a general
meeting of the stockholders convened
for such purpose, after ten days
notice shall have been given IN the
manner as set fourth in the first
paragraph of this article.
Article VII.
No stakeholder shall be held liable
Or responsible for the contracts or
faults Of this corporation in any
further sum than the unpaid balance
due to the corporation on the shares
owned by HIM, nor shall any mere
informally in organization have the |
effect of rendering this charter null,
or of exposing stakeholder to any
beyond the amount of his
stock. This corporation shal, be |
to commerce |
business as coon as five thousand dol
lars of its stock shall have been sub
scribed. Thus done, passed and |
signed on the day, month. and year
first above written, in the town of
Thibodaux, in the presence of the
aforenamed witnesses, who have
signed these presents together with
the parties and me, said notary, after
due reading of the whole hereof.
Original Signed)
0. Naquin, 5 shares
Louis H. B,eaud, 5 shares
j. 4. Naquin, 5 shares
J. A. Breaud, 5 shares
Witnesses:
Albor% Tnlon