Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1914-10-24

valid meetings of directors may he held
outside the State or within the STATE
elsewhere than its domiCilc. All Cita
tons or other legal process shall b,
served upon the President, or, in case OF
! his absence, upon the Vice President, OF
III the absence of both Of these officers
upon the Secretary of the Corporation
ARTICLE ".
The objects and purposes for which
this corporation is established and the
nature of the business to be carried or
by IT are hereby declared and specified
to be. as follows, to-wit:
! To purchase, own, hold, sell. cx-
change, reclaim, develop, improve build
upon irrigate, cultivate, rent and mort
gage, real property, improved and un-
| improved, rural and urban; to raise, bu,
sell, mortgage and deal in mules horses,
cattle and any other live stock; TO buy
sell own, lease. build. construct operate
and manage mills. gins, rehneries, fac.
! tories, congresses, printing Offices mail
utaCtures Of goods, wares, MERCHANDISE
and personal property of every class and
description, and to hold. own, sell or
| dispose of. trade, deal in and deal with
all the articles of commerce at wholesale
or retail; TO carry on all or any part OF
the business of manufacturers, mer-
chants, traders, importers, exporters
! and dealers in and with goods, wares
and merchandise OF every description, oil
establishing, developing, managing,
operating and carrying OH of industrial
commercial, trading, manufacturing
mechanical. engineering building, con-
structing, contracting, mining, refining,
chemical, real estate, logging, lumber
ing, agricultural, plantation, and dairy
| ing, enterprises. undertakings, propo-
sitions, concessions of franchises, III all
their respective branches OF construct
ing, equipping, improving, working,
developing, purchasing, selling. leasing,
hiring, mortgaging, operating, and deal
ing i'll and with the public aud quasi
public and development works and con-
veniences. including docks, harborS
piers, wharves. canals, reservoirs, en-
bankruents and improvements and other
l'cngineering work; of operating ware
houses, markets. buildings, tunnels
bridges ard other works aud couven-
fences of public or quasi-public use or
utility; or purchasing or other Nise az
quiring. maintaining. selling, pledgin",
nortgaging. leasing, hiring and fulfilling
any contracts. franchises and conc,s-
sions, for or in relation to the construc-
ton, execution, equipment, improve
ment, management, operation or control
of such works. and of undertaking, ex-
ecuting, carrying out, disposing Of, or
otherwise turning to account of the
the same, and generally, i'll carving on
its business or businesses, or for the
purpose of attaining and furthering any
OF its objects or purposes, to do any and
all other things and exercise any and all
other powers which are now or NAV he
hereafter permitted by the laws of the
State of Louisiana, relative to the or
ganization of corporations.
ARTICLEV.
The business affairs of this corporation
shall be managed by a Board of Three
~ Directors, and all of the powers of
this corporation. without restriction,
shall be vested in and exercised by said
Board of Directors. Each director shall
own in his own right at all times during
his term of Office, at least one full-paid
and unpledged share of capital stock.
Said Board of Directors shall be elected
annually on the first legal day of the
month of October, of each year. the
first election to be held in the year 1918.
The said directors shall elect from their
number a President, Vice President
and Secretary Treasurer. They NAV
appoint other agents and employees.
who may be removed at the pleasure of
said directors. They shall also have
power to fill any vacancy in their num-
Der.
The directors shall be elected at a
stockholders meeting, held at the dou-
icile of the corporation, and notice of
said meeting shall be delivered, person
ally or by depositing III the postofhce.
properly addressed, to each stakeholder,
az least ffteen days before such meeting
Other Stockholders meetings may be
held when ordered by the Board Of Di-
rectors or upon the demand of twenty
five per centuin of the outstanding
stock, notice of such meetings TO be
given as prescribed for meetings to elect
directors. Each stakeholder shall at
every 'stockholders' meeting be entitled
to one vote, in person or by written
proxy, for each share of the capital
stock held by him, or lie may scrd his
vote by letter, the signature of which
must be acknowledged before Notary
Public or other officer authorized to take
afiidavits. The stockholders shall have
the right of cumulative voting in the
election Of directors.
Until the next general meeting to be
held under this charter OH the first legal
day in the month of October, 1915, the
Board of Directors shall be composed of
Messrs. Frank A. Godchaux, of New
Orleans. La, Robert T.. Putnam. OF
Abbeville, La, and l. Otto Broussard, of
Abbeville, La, with the said Frank A.
Codchaux, president; Robert T. Putnam,
vice president, and ]. Otto BroEssard,
Secretary-T Treasurer.
The President, or in his absence, the
Vice President of this corporation shall
have power in the name and in behalf of
the corporation, to authorize the institu-
ton of any suit and other legal proceed
ings, as authorized by Section 10 Of Act
No. 267 of 1914.
ARTICLE vi.
At meeting of the stockholders duly
called for the purpose, by the vote of
two-thirds of all its stock, these articles
of incorporation may be amended, modi-
fed or changed, in any manner con-
farmabie to the laws OF this state. in /
clnding the increase or decrease OF its |
capital stock. Provided, however, that
tl}c objects and purposes OF incorpora- |
tibn shall not be changed, and the capt.
ii stock shall not be increased to more