St. Landry clarion. (Opelousas, La.) 1890-1921, 1913-04-12

Hundred (100) shares of the par value
of One Hundred Dollars (s100) each,
which said stock shall be paid for in
cash, labor done or property actually
received, on such terms and condi-
tions as the Board OF Directors of this
corporation may determine. Said
capital stock may be increased or de.
creased in accordance with the laws
of this State.
This corporation shall be a going
concern and may commence business
as soon as Three Thousand Dollars
($3, 000) of its capital stock shall have
been subscribed for.
All transfers of stock shall be
made on the books of the corporation
on the surrender of the outstanding
certificates.
ARTICLE ".
All the powers of this corporation
shall be vested in, and its business
and affairs shall be managed by, a
Board of Directors consisting OF
Three (3y stockholders. Two Direct
ors shall at all times constitute a
quorum for the transaction of bust
ness. The Directors, except the first
Board hereinafter designated, shall
be elected annually at a meeting OF
the stockholders to be held on the
second Wednesday Of the month OF
March of each year, commencing with
the year 1914, and annually thereaf-
ter. and shall hold Office until the next
annual meeting or until such time as
their successors are elected and shall
qualify. IL the date OF the annual
meeting in any year falls on a Sunday
or legal holiday, the meeting shall De
held on the next following day not q
legal holiday.
ANY failure to elect the Directors
at such time as provided in this Ar
ticIe shall not dissolve of agect the
corporation, nor impai its manage
ment in any respect, but the Directors
in Office shall continue to act as such
until their successors are elected and
qualified. Any vacancy occurring on
the Board of Directors shall be hlled
from among the stockholders by the
remaining Directors.
ARTICLE VI.
Special meeting Of h stock1old-
ers may be called at any time by the
Board Of Directors as they may see
fiji. or by the President OF Secretary
when requested to do SO by the hold
ers of not less than twenty-five pei
cent. (25 per cent? of the outstanding
capital stock.
Notice of the regular annual
ings of the stockholders n also OF
the special meetings of the stockhold'
ers as may be called, shall pc gwen
by the Secretary to all s~tocknoiders
of record, by written notices stating
the time and purpose Of the meeting
addressed to said stockholders at tnelI
last known postofice addresses re
u~ectively. and deposited in the UnLteo
states mails at least ten (10) days
prior to the date fixed for the holding
Of the meeting.
ARTICLE VII.
AT all elections and all meetings o.
the stockholders, each stockholdel
| shall be entitled to n vote for eacn
/ share OF stock standing in his or nei
name on the books of the corporatlon
at the date OF said election or meet
ing, said votes to be cast in person OF
by written proxy. and a majority %
the votes east shall elect or q DC
eide the question at issue unless otn'
erwise provided by law.
The Board OF Directors shall eiect
as soon as possible after their W
appointment or election a President,
q vice-President, a Secretary, and g
Treasurer, and may grant TO each OF,