The Donaldsonville chief., 1913-05-10
other officers and employees as may il
necessary, who shall continue their
NemploNueut subject 10 the Meg surasaf.@

necessary, who shall continue their
itemployment subject to the pleasure of
..--sAe .-se board: They shall fix the salaries
o1a offleers ell :, s. and a; emploges tp butno
except to the secretary and treasurer
Said board shall have the power to Ell.
act bylaws not Inconsistent with this
charter; to provide officers for the cor
!, poration, to suspend any officer for
neglect of duty or misconduct, to fIil
any vacancy that may occur among
the board or among the officers, ana
such further authority as may be nee-
essary to carry out the objects and
purposes and conduct the business of
the association. The said board shah
| not have the right to purchase reaI
any Indebtedness without the affirnla-
tive vote of at least a majority Of fha
board, and then only in furtheranee q
association, nor shall they have poaar
/ to borrow money or contract any other
Indebtedness than for building aons
trac ts In the matter OF loans NJ
jority OF the entire board imenbersliu
A majority of the directors shall con
stIfute a quorum at all meetings of tbs
board.
Until the first annual meeting after
the signing OF this charter, the nnsl-
Der of said directors shall be fiVe. I5).
Said number may be increased at any
annual or special meeting of the stock
holders to number not exceeding ten
10).
Any director absent from the parish
of Ascension shall have the right
nominate in writing a substitute IN I'LL u
stead, provided such substitute shall
possess at least five f5) shares of
stock in his own name. and shall file
his proxy with the secretary
ARTICLE yIII
The following named persons sllalIe0rl-
st5tnte the first board Of directors To-
np Snfa
aIsdafa Idalfag gccofdance with this charter to-Wit.4S
s4ss5 Brady, S. A. Marehand. Geo. W.
Reese. Vim. A Reich, S.. w. Settoan
ARTICLE TX.
S Special meetings of the sharehoIdes
shall be convened at the request ia
writing of ten G09 shareholders, STAT
ing the purpose of such meeting.
ARTICLE x
No shareholder shall ever be held liza
Die or responsible for the contracts Of
faults OF this association in any further
sum than the amount Of his Indebted
mere informality in organization hare
the effect of rendering this charter null
Or of exposing a shareholder to ant
la abIlity beyond the amount due the as
ARTIgKE xI.
tered, snaended or or N, modified aiige By xefs
of three fourths {3-4) Of the shares
present and represented at meeting
son;Yened con; for that purpose or tha. az
of two thirds (2-3) Of the capital SUB
scrIbed at a general meeting convened
TOR that purpose, after ten a0) days
no nnofIee &c to be published IN one Of ths
Two weekly notices published in one oas
the papers published in the parish Of +
ascension. provided the capital of the
2 association shall not be increased uE-s5s
1ftY /nf oil etj,, ,t.ng
force shall vote IN favor Of such fn-
crease, or until such notice he given s
and such publications be made ana
enen 8. \, IoflmalitIes compiled with as afas
OF may be required by law. Whenever
the affalfs of the association shall be 8
lquidatesf, It shall be done by three com
lHisslonefs CHOSEN from among the stack s
ne1ders at the meeting at which the
lFquldatlon may be decided upon.
ARTICLE XII.
This association shall have the rsghs
g begin business as soon as seven
lhousand five hundred dollars (s11509l
2 y Its stock shall have been subscribed
= me subscriptions set opposite the names
oe considered as the original stock sub
scr1ption list, show that said amount has
1een subscribed, and this association
nay begin business at once.
!. Ihus done and passed in my office ats
he. city of New Orleans. on the dagsS
and date herein first above written, irl
7 ne 1I presence of G. A. Miranne Jr., and
{, W.. SchWeitzer, competent. witnesses
no sno hereunto sign their names witt
M,a1d M appearers and me, notary, after due
.eadlns Of the whole.
e F, BRADY. fifty f5ol shares
GE0. w REESE. ten (1O) shares
& WM A. REICH, five 15} shares.
s. w. SETTOON, five (5) shares
> 4. AiARCIIAND, five f5) shares
TOMAS WHITE, five (5) shares
Jo1Sf, 1'-t, BRADY. two ~ shares.
Witnesses:
G. A. MIRANNE, JR.,.
6. w. SCHWEITzERe
A LEXIS BRIAN,
Notary Public
], Stat State Of ,LouissaRas Parish OF AsssII.,5s
Iola-i ola-i Go hereay certify the above aIa
9 eefssolns to be dufy recorded In BOOK
I !, MORTGAGES; ., No. 81, folio a11 ct sea.
~ faith whereof. witness my hand 8
skse seaE Of office, at DonaIdsonFf
"a, This 9Th day OF Mar, 1918.
j. Fa FERNANDEZ.
Deputy Clerk and Recorder.
A true copy
ALEXIS BRIAN
Ax..--