St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-05-30

lars 100000 per share which stock
shall be issued as the Board OF directors
ma determine, and shall be paid for In
cash as called for by said board, or may
be issued at not less than par in pay
ment for property purchased by the
corporation or for labor or services ac-
tually done and performed or for money
advanced. The said capital stock Shall
be full paid and worcestershire; and a
transfer of stock shall not be recognize
ed by or be binding upon the corpora
ton unless the same be entered upon
the books of the corporation, or be
made by the surrender and cancellation
of the certificates of stock and the is
suanee of new certificates, or by the IS
suance of original certificates for stock
subscribed and transferred or assigned.
All stock certificates shall bear the sig
nature of the President and OF the Sec
rotary and the impress of the corporate
seal. more than five thousand dollars OF
the said stock having been ~subscaibed,
this corporation shall commence bust
ness and lie a going concern from this
date.
ARTICLE v.
All of the powers of this corporation
and the management and control OF its
affairs shall be vested in and exercised
by q board of five 80 directors, COM
posed of stockholders, a majority OF
whom shall constitute a quorum, and a
majority of said quorum shall be suffI-
tcient to transact business, and their
decisions shall be valid corporate acts;
except that it shall be necessary in or
der to mortgage OF pledge the property
of the corporation, that at least three
directors shall vote in favor thereof.
ANY of the directors shall have the
rightto appoint another stakeholder as
his proxy to attend any and all meet
ings of said Board OF Directors.
They shall elect from their number q
president, vice-president, q secretary
and treasurer. The following named
persons shall constitute the first Board
of Directors.
DR.. j. "A. Haas, B. Bennett, j. t. st.
CYr, Louis Hebert and j. u. LAWYER,
with B. Bennett, as President, Louis
Hebert as Vice-President and Superin-
tendent, j. G.. LaWler, as Secretary.
Treasurer. They shall hold office until
the second Monday OF January, 1915,
and until their successors shall have
been duly elected.
No person shall be eligible as direc.
tor--officer who is not a stakeholder OF
this Company.
The Board Of Directors shall elect its
officers and shall appoint such agents
and managers as may be necessary,
and shalIfi { their compensation.
The said Board of Directors shall
make all bylaws, rules and regulations
for the proper government OF the bust.
ness and affairs of the corporation, and
alter, amend and change the same al
pleasure. Theyshall have the power
to buy, sell, mortgage, pledge ano
lease any and all property. real, per
sonaI and mixed, corporal or ineor
poreal, whenever in their judgmen'
they may deem such acts necessary
and proper, and to make all contract:
and agreements necessary to carry
same into effect.
All acts of sale, purchase, lease o.
other contract shall be signed by thu
president and in case of his absence o.
inability to act by the vice-president.
ARTICLE VI.
On the second Monday of January Q
each year, beginning with the yea
1915, there shall be a meeting OF tn
stockholders to elect directors for tn,
ensuing year, which meeting shall b
called after a notice published twice ]
ten days in one of the newspapers pull
Iished in 0pelousas, Louisiana; and tn
Board Of Directors shall appoint n Q
, more stockholders to preside 9
such election as commissioners. !
: the event of the failure of any comni:
sioner or commissioners to attend, tn
/, President shall, by appointment, II