The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1913-05-31

| nhtll suen contlnsent loss fund ~ ad nss
f i've per cent 81 90 Of the entire
i be invested as directed hv fb 10y slaH#
| third, the balance of said 1earSssz
shall be declared as a aiyidanfas
shareholders f,7 in proportion to TIA $
preceding dividend was deelsrasaa5aa es I'll
| all payments made between, a 81 " asSs
dend periods shall begin fns ssssA 5aIssif
idends from the beginning al ~ 81 Iis
suing semi=annual term. = me salss
is W seff1ed said aeu afeo, installnent
in the contingent lsss fund "a az asIeapslsss
other surplus funds as axist t'a -. sslasksa
time OF the maturity, in the 'rasl.Ssllhss
the total amount of said funds KY ao..sa as
stallment stock and full BALM
| drawable stock in existence a. - 4
when said stock shall maturs.s sssss ssajszz
thai. full paid withdrawables sfa plns1asd
| sued as such shall not partieinsaass
the said funds until said sharals,s
the date of their issue, affa ar ! sIfelas
time they shall, on being N,st,ssss iiisst.
participate in said funds in t tsasa1aaa
manner as matured stock: and mr. MAJ ssIas !
drawn or called in prior to fha,, ssliA.
turity shall not participate IN alss
funds. II - sais
Dividends on full paid shares
be PAID In cash, and those On II 3as sIaE
installment books. ~ #so Iaeif
ARTICLE WI.
All the powers of this corncrs,:.
rectors to consist of not less fb.,ssi vs. ai 4
80 nor more than ten flOl sal 1ssa i!Fs
ers, each of whom shall own * As sfS
five shares of stock in his olv q seass
Inc e., our shall be elected bys@ IL II.
April of 1914, and ANNUALLY w.
ter. Any director ceasing Ia as sslsf 8:
(5l shares of stock shall ipso fa asts.ss "
cate his office. Notice Of said 5 ~, IS /
u IS sha, DC given ten 11o days Sin
ton in one of the daily neWspa 81 ssssea.z
the city of New Orleans ana 1ssss.s 1
successive weekly issues of a n KS. SO !
per published in the parish Of sa sssss
SCH son. sag election shall be he's Ss 1
so shareholders appointed S. ib,,,sals Il
board of directors at the last nr H. sae !
regular meeting thereof. and s sssas
holders receiving a majority cf ss II. !
Votes cast shall be declared aIs.,s NJ i
All meetings shall be held at tha sssssa=
lelle of the corporation. - 1sas
Inc failure to hold a meeting 81 ..s
election on the day specified Shan II ss ~ 4
dissolve the corporation but the ss,a ass /
ors then IN office shall serve u11fil AZ Ssss
and qualified. = sssss S6s'ssllea
The directors immediafelv unan t,..
election annually shall elect from s ss,sss
number q president, a vice presia is,sss / /
al secretary. treasurer. an attarass
other officers and employees as NAV sss 4 /
necessary, who shall continue 8 Il Hill u Y
employment subject to the pIeasuprIsa.e NE y. !
the board. They shall fix tie sai nv I
o. o. al oIf OF and employees. but IA
except to the secretary and treas iIsss 4
Said board shall have the power q rs ss \
act bylaws not inconsistent viii, s4 ,S'Is 4
charter; to provide officers for fhe sc Ne 4
poratlon, to suspend any officer n /
any any, vacancy gu1f that e mas mlseondaet e
the board or among the officers, siS| /
such further authority as may 81 n ssss /
essafy 10 carry out the objects ana !
purposes and conduct the business a' as /
not have the right to purchase W. I
estate, except for cash, nor to eolsts IL /
any Indebtedness without the affirm ir.sss
tive vote of at least a majority 81 sfka I
BOARD, and then only in furtherarlca Il
the usual and proper business u J. US 1
to borrow money or contract any atFss
Indebtedness than for building Egss.s 4
tracts in the matter OF loans 81 ssll;ssE
the affirmative vote of at least asiSss
~ VI LIE eallTe board #TnenlheHSiaH
A majority of the directors slaass slSTs
stlfute quorum at ali meetings 81 rs
board. go. 4 y y M 'ss
Until the first annual meeting afSss
the signing of this charter, the as;h.
per OF SAID directors shall be five ls. /
SAID number may be increased at AM
annual Or special meeting of the STOCK
holders to number not exceeding is
(10). b u ss $5ssss /
Amy director absent from the parIsh
OF, 81 ascension io shall have the right
stead, provided such substitute shah
possess at least five (5) shares
stock in his own name, and shah sIs
his proxy with the secretary.
ARTICLE VIII.
The following named persons shah "a.
stitute the first board or directors D
serve until their successors are eiaetea
n accordance with this charter, tosNIs
e. 2. Brady, S. 4. Marehand, Geo.
reese, VIM. "A. Reich, s. w Settuon
ARTICLE TX.
Special meetings of the sfarehuIaaa
shall be convened at the request III
writing of ten t10) shareholders
nag the purpose of such meeting.
l1RTICLE x.
No shareholder shall ever be held la
pie or responsible for the contracts Il
faults OF this association in any furthsH
sum than the amount ct his inaenleas
ness to the association nor sllal aug
mere informality in organization has
the effect OF. rendering this charter Iaa
of Of exposing q shareholder 10 aHs
laplllty beyond the amount due the rs
ISOLATION.
ARTICLE xI.
his act of Incorporation may be
-ered, amended or modified By f0fss
81 three-fourths 60 Of the sliagss
onVenea a9 FOR f fa at nss
;ec1atlon may be liquidated by va
# tWo-thirds (2-3) of the capital subs
scriped at a general meeting eonVe
Or that purpose, after ten gag
1o!1. to be published in one Of tAs
sWo weekly notices published ID one o /
ne, !. papers published in the parish q
Ascension; provided the capital of tha
association shall not be increased n
e e majority. of all the shares g
Orc, orce shall vote in favor Of such Ias
IND such publications be made aag
such fefmalities complied with as ass
= may be required by law. WfenegsP
ne affalrs OF the association shall 81
iquldated, it shall be done BIZ three con
chosen from among the steeek
ioldefs at the meeting at which f9e
LIQUIDATION may be decided upon
ARTICLE XII.
This association shall have the
@ begin business as soon as seNEA
thousand five hundred dollars
i It's stock shall have been subseribeg
ne subscriptions set opposite the aaass
: the subscribers hereto. which slaa y
eflptlon list. show that said alnoaIt5la
zen subscribed, and this association
nay pegIn business at once.
Thus done and passed in nv office aEs