The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1913-05-03

all citations and other legal processes
shall be served upon the president, or.
in his absence or inability to act, upon
any other officer of the corporation.
ARTICLE III
The objects and purposes for which
this corporation is organized are de-
clared to be to conduct and carry on
the business OF wholesale or retail gro
GERS, or. both. Including the sale of
dry goods and liquors, in the parish of
Ascension and such other places in the
state of Louisiana as the stockholders
may hereafter determine; to acquire,
by purchase, lease or otherwise, real
estate, and to hold, improve, lease, mort
gage, sell or otherwise dispose Of the
same; and in furtheranee Of the above
purposes, said corporation may own,
acquire and build and thereafter lease
or sell factory or business sites, includ-
ing warehouses, and may construct and
operate switch tracks and other faeili-
ties IN, to and from such buildings, and,
generally, to do and perform all acts
Incidental or gernlane to the purposes
above specified.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at seventy-five hun
ty-five shares of the par value of one
hundred ($1o0) dollars each, which said
stock shall be. issued only for casf5 d.
n q payment Y. OF property or services
S1S~sk$"11S SNSAS@S4
corporation. This corporation shall COM
rneneez business and become going
e 2e5naar as Is soon as three thousand
bs dollars Of Is capital stock shall
residue Of said stock to be issued and
payment made therefor subject to the
action an, ana call OF the board of direct
the time of its issuance and, there
after, on-assessable, and the capital
stock may be increased or decreased in
the manner provided by the laws of
this state.
they hereby subscribe for the number
OF shares of said capital stock set
opposite Their respective signatures
ton shall serve as an original sub
scription.
ARTICLE v.
All the powers of this corporation
shall be vested in and be exercised BY
a board of three directors. to be elect
e 60 each year py the stockholders at
shall be bona fide stockholders, and the
first board shall consist of: w. Camp
bell Hayward, who shall be president;
president; Carl spahr, who shall Be sec
On the first Monday in January, 1918,
and annually thereafter, except when
such day shall fall on legal holiday.
then, upon the next following Iayday,
She stockholders shall elect a board OF
directors ore ct !, for the ensuing year, the
hold over until their successors are
elected and qualified. The board of di-
f ! E ct 50 elected shall select from
their own number the officers of the
corporation, VINO shall be a president a
vice president and a secretary
n IRE = The election Of directors shall be
largest number of votes shall be de-
elared elected. For electing directors
Or for any other purpose. each share Of
STOCK, whether present or by proxy.
shall be entitled to one vote. and a
majority Of the votes cast shall be re-
aulred. to pass any resolution or decide
holders, except for the alteration or
OF this charter, or the dis
solution of the corporation as herein
after provided. -
. The said board OF directors SHAH
have power and authority to make ali
necessary rules and regulations for the