Lower coast gazette., 1913-09-13

ARTICLE II.

The dcmicile of this Corporation
shall be at Pointe a Ia Hache in tn;
Parish Of Plaqlemines, State of Louis
lana, and all citations and other lega
processes shall be served upon thu
President, or in his absence upon the
! Vice President, or in the absence o
both upon the Secretary.
ARTICLE III.
The objects and purposes for which
this Corporation is organized and the
business carried on by it are declared
to be; the building and the contracting
for the building Of levees and revet-
ments, the digging Of canals, drainage
bitches and other water courses for its
own use and that Of others, and for
this purpose to purchase, lease ano
otherwise acquire real estate, dredges,
boats, machinery and other apparatus
for the building, operating ard main
tanning Of the said ~levees, canals, ditch
es, and other water courses; to acquire
erect and operate workshops, and
other things necessary for the erection
OF dredges, and all things incidental
thereto for the proper carrying on of
the objects and purposes OF this Cor
poration.
ARTICLE ".
The capital stock Of this Corporation
is hereby fixed at Fifty Thousand
(S5000o,O O Dollars divided into and
represented by Five Hundred shares Of
stock at the par value Of One Hundred
(S100. COY Dollars each, which shall be
paid fer in cash, or at such time as the
Board Of Directors may fix. This Cor
poration shall be a going concern when
and as soon as Fifteen Thousand
{fs15000.01 Dollars Of the capital stock
Shall have been subscribed Tor.
ARTICLE V.
All the corporate powers Of this Cor
poration shall be vested in and exercis-
ed by g Board of Directors. Said Dr.
fectors shall be elected at a meeting Of
the stockholders to be held ON the first
r. 3 t.-
Monday in July Of each year.
Notice of such meeting and Of all
other meetings, not provided for by
law, shall be given in writing to each
stakeholder by mailing same to such
stockholders last address ten (10) days
before each meeting.
At the first meeting of the Board Of
Directors after its eiectioni it shall elect
from among its number a President, 3
Vice-President. a Secretary-Treasurer
in the form OF one person, or Secre-
tary and a Treasurer as the Board Of
Directors may deem necessary; when
the Office CT Secretary shall be held
separately it may be held by n other
than a stakeholder. All vacancies oc-
curing in the Board Of Directors shall
be filed by the remaining Directors
for The unexpired term.
Until the first Monday in July, 1914,
the following shall constitute the first
Board of irectors, namely;
Frank G, Movers, Emile A. Schayot
and Clarence Hearitzy with the said
Frank C. Movers as President, the
sad Emile 4. Schayot as Vice-Presi-
dent and the said Clarence Herritzy as
Secretary-Ireasurer, ard ti.ev shall
serve until their successors are elected.
At all of the meetings Of the stock
holders each s~tockholder shall be en-
titled to one vote for each share Of
stock standing in his nance Oh the books
Of the Corporation, and such shares
may be voted in person or by written
proxy.
ARTICLE VI.
This act Of incorporation may be
amended CT this Corporation may be
dissolved by and with the consent Of
Three-fourths OF the entire capital
stock. represented In person or by
proxy at g general meeting called for
such purpose after notice as provided
by law.
In ease Of the liquidation Of this Cor
poration, its affairs snail be liquidated
by three 81 Commissioners, elected
from amcng.the stockholders ata meet
ing called for that purpose or at the
meeting at which the dissolution is
voted, and they shall serve until the
affairs Of the Corporation shall have
been l~iquidated.
Should either of the Commissioners
be unable to act for any reason, the
remaining Commissioners shall fill the
vacancy.
ARTICLE VII.
No stakeholder shall ever be held La
bic for the contracts or faults of said
Cooperation in any further sum than
the unpaid balance cue The Corporation
on the shares Of stock owned by him,
nor shall ar.y mere informally in the
organization have the effect OF render
ing this Charter null or of exposing the
stockholders to any liability beyond the
unpaid amount remaining Cue on his
stock.
ARTICLE VIII.
The subscribers hereto have written
opposite their respective sin the
%arnol1nt Of stock in This c~orroratiGn