The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1913-06-21

necessary rules and regulations s.,
corporate management and eonfra ,s1
shall have and enjoy all the rIghsa' s aad=
vileges and immnnities which ara' pfl-s
conferred upon or may her affs,1ae, R
granted to corporations Of the he
kind and character. saias
ARTICLE II.
The domieiie Of this corporation
be at Gonzales, at the office oF n;aai
& Geismar, Ltd, in said place !. r ieala
of Ascension, state Of Louisianap ,sIls
all citations and other legal preass sad=
shall be served upon the president ss ~
in his absence or inability to aefas,,zsossE,@
any other officer of the corporatiaanas
ARTICLE III, s#
The objects and purposes for NJ.
this corporation is organized ara 81 ugh
clared to be to conduct and a ~, W.
the business of buying, selling es,s4, o.
and manufacturing lumber of every 10y 'sil
and description, including the build aaaa
buying and renting OF sawmill plant. r
other places in the state of Lonisssssseia
as the stockholders may hereafter. 'saIa
termine; to acquire by purchase ,sa asszs
or otherwise, real estate, and to hold ~
prove, lease, mortgage, sell, or ethessmsss.ass
the above purposes, said cornora4 ~ "
may own, acquire and build and thfs sss
after lease or sell mill or business 90
including warehouses, and may aass
duet and operate switch tracks ans
other facilities into and from s aaa
buildings, and generally do and s ass
form all acts incidental or germanes - ~
the purposes above specified. - W. W
ARTICLE ".
The capital stock of this cornoras;.
is hereby fixed at five Thousand Issa0aas
dollars, divided into five hundred shassss
of the par value of ten ($l04 dnlIsss
each, which said stock shall be ssiss sass 3
only for cash or in payment Of properly properly
or services actually received by or ren = g
dered to said corporation. This eoruasa.
ton shall commence business and shas8s8
come a going concern as soon as thrsa
thousand $4,000 dollars of its ca sllasH
stock shall have been subscribed. M
residue OF said stock to be issued aud
payment made therefor subject ID tbss
action and call Of the board Of dire sss I
ors. Said stock shall be fully paias
the time of it's issuance and, tiereaftasrs s
non -assessable, and the capital sfaats
may be increased or decreased in fhss
manner provided by the laws Of hi! this
state. - -
All parties to this act declared IN,
they herebP subscribe for the nu1s shal
Rf shares of said capital stock setzsn.
bosite their respective signatures here.
to, SO that this act of incorporasion
ARTICLE V.
shall be vested in and be exercised b
board of directors of five members ~
be elected each year by the steeEhoass I
ers at the annual meeting. Up to ,fSaSs
9Th day Of May 1915, the following
persons shall be and are the first boars
be president; W. P. sevario. who shall &
be vice president; ssAehiile
card, who shall be secretary and tresss
nrer; Lester E. Wright and &
On the 9TH day f May, 1915, aud &.
shall fall on a legal holiday, then, ap. q
on the next following lay-day. IT, 4
shall elect a board Of IL
rectors for the ensuing year, the hoard
installed to continue to hold
over until their successors are eleefss q
and qualified. The board of directors s
SO elected shall select from their own s
number the officers of the corporatioas
who shall be a president, a vice pres.
dent, and a secretary and treasurer TIE
election of directors shall be by ballot.
and the pera,ps receiving the largest
number of vdss shall be declared elect
ed. For elecghg directors or for aay 81
other purpose, each share OF stock l
present or by proxy, shall b 8
entitled to one vote, and a majority 81 8
any resolution or decide any question
submitted to the stockholders, except for
the alteration or amendment OF sthis
or the dissolution of the 90.
poration as hereinafter provided
The said board Of directors shall bsHs
power and authority to make all Ia.s
cessary rules and regulations Tor THE +
operation and control b
the business of the corporation as well
IS to make all necessary rules and BIZ
avs with peWr to til any vacancy g.
; cane occurrl e among the Officers 81
The corporatid1, A majority Of the d.
.eetors voting at any one time, III per
son or by proxy. shall be required 70
pass any resolution or adopt any By
aW, which, when SO adopted. shah be- 50
come valid corporate tets
ARTICLE VI
Notice of all the meetings Of stock.
loiders for electing directors. OF fdF
my other purpose, except as may BE-
directed, shall be given f.
d In the mail at least ten days before
'ueh meeting, objected to each stock
lolder at his 1ast known address ap
bearing upon the books of the eorpora.
Ion unless SAID notice is waived ms
ng as such upon the books.
ARTICLE VII
modified. added to. changed or amend
ID, Or this corporation may bes#dis-s
olyed by and with the eonsent. Of he
folders of three-fourths in amount Hgf
is then outstanding stock, given alt
'enefal meeting of the stockholders TO-
70 convened after ten days prior NJ.
Ice to be. given in one Of the news
'apers published in the parish OF ~.
fnsion, in addition TO the persOnaI
fotlce given to each stockhoider as
rovIded in Article VI. Of this charter.z
And such Changes as may be made. u
eference to an increase Or decrease
I the capital stock, shall be preceded
y such notices, delays and fermalites
s by law required.
In the event of the dissolution pi
aid corporation, either by Limitation q
s charter or otherwise, its affairs shall
e Inundated by three commissioners te
e appointed and elected at a special
1eetlng called for that purpose, IS
boye- provided, and who shall remain
4 office until the affairs of said cor
Grafton shall be fully liauidated; and
case of the death of one or more
said Hquidators, the survivors q
dfV1Vor shall continue to act.
ARTICLE VII.
No stakeholder shall be held liable Urss= y
espersible for the contract or fault
this corporation in any further sun
IAN the unpaid balance due to the cor
grafton on the, shares owned by him.
or shall any mere informality In er-
an1zation have the effect of render
lg this charter null or of exposing Il
-ockholder to liability beyond the
mount of his unpaid stock if any, sA 4