Abbeville progress., 1914-03-21

vacancies that NAV occur on the Board I;
Failure to elect directors on the dav
above specified shall not dissolve the
corporation, but the directors then i'll
Office shall remain in Office until their
SUCCESSORS are elected Due notice Of
another election shall forthwith be
given rs above provided \ majority of
the Directors shall constitute a quorum
10" the transaction of any business. and
the Board of Directors IT their first
meeting, following each annual election.
HlaIl eject from their number a Urrsi-
"vUl, NNo-urrSldcut, secretary and treas
Urvr, and such ether officers as thcv
S''''I deem necessary. The Board shall
H"N" power IN is discretion to unite. two
%. N!''r"in,es and the same to Coufrrupou
one person, and shall have the power To-
in the salaries of ali officers and ,omlkc
ana establish, Is we'll as alter and amend
All h\-Ia"S, rules and regulation, urC.s-
Nl'y ana proper for the support and
management of thc business and affair,
81 sal" corporation not inconsistent with
us charter. Said Board shall also rl,.,.
id'l power and authority To borrow and
IenG money, and through th,. Dr,si,I.rt
'' some other duly authorized AGENT ar
" "''i''' L" execute. and sign mort
NaSeN' issue and accept notes. bonds or
"l''0I ,'Il%'u"nN, IN such amount and
=" SI'h terms as III their Judgment may
~ ~ ''''"''aNt"UN. 1nt generally to do al
''''''NH reasonably necessary for tn.
proper CARRYING on OF the business Of
lAS 'orN"raNnW also to i~Suc aud
denver tu.l paid shares of stock and
oolnN or Obligations ot SAID CORPORATION
III payment of money borrowed m.
money, labor or services. or rroprrty or
Ii"''H actually received by said corDnr,-
u"i' ana shall have the power to doaud
perform al! such acts and thiups as
may DC Necessary to carry ont th, obi,r-.
ana purposes for which this rornor,ti,,,
Is organized.
~ any meeting OF the BOARD of Di-
rcctors, any Directors. absent from Tho
meeting MAY be represented IN, ,r,.
"tncr director, who may cast the vote ~
s"!I absent director, according tn fin.
written instructions of said absent
director. III
h'iI the next general meeting 10 L,.
held under this charter on the 6rs+
legal day OF February. 1915 or un,;I
their duly qualified SUCCESSORS arr. clrr,,J
and installed, the Board of Directors
shall be composed of: Mcssrs Willie
BroussarG, Otter Dubois and FJ,r5r
BrousSard, Secretary & Treasurer who
have been selected and chosen rs thc
hrst Board of Directors and shall s,rve
rs such until the first legal d,r of Feb.
ruarN \. y. 1915, or until their success
sorS snail have been elected. MI other
oihcerS are elected by the Boara of Di-
reCtOrS.
ARTICLE VI.
Whenever this corporation shall Le
diSsoIved either by limitation or from
any otlier cause, It's affairs shall be
hquiiated by three stockholders to be
appointed at general meeting convened
Tor the purpose of liquidation. rs here
matter provided; each share being
entitled to one vote 10 be cast by the
holder. either i'll person or bv proxy.
SAD commissioners shall remain I'm ohirr
Until the affairs of said corporation shall
have been fully settled and liou;dated
and they Shall have power and authority
to transfer and give title to all the assets
anu property of the corporation ard
distribute the proceeds. In case Of death
or disability or resignation cf one. or
more commissioners the vacancy shall
be tIled by the surviving or remaining
commissioner or commissioners.
ARTICLE VII.
his act OF incorporation NAV be mod
lhed, changed or altered, or said ,crrcr.
alton may be dissolved with the assent
Of Ihrce-FourthS OF The capital stock.
subscribed ard Iaid fer. rep, >crtcd 4
q general meeting OF the Stockholders
convened for such purposes after pr,.-
vlOuS HCt!Cc shall lave been pivcu IN
one or more newspapers published in the
Parish ot NcrIIilion, Iouis.ara. once =
week, during tie thirty. davs next
preceding such meeting ard bv roticr
mailed At least forty davs uTior To- such
meeting to each stocl,holdcr whoar-,ea-s
as such on the books cf the Comrar,.
to the post office address deSi.,rn,,d Lv
him, and, III case of failure to designate
an address. to the general delivery
Erath, Louisiana Anv change which
NAV be proposed or made in reference
to the capital stock OF said CorrOIdtion,
which shall lie made in accordance with
the laws Of the State OF Louisiana. on
the subject matter of attending TIE
amount OF capital stock of generations
and 1t may be increased or diminished
upon compliance herewith upon the
affirmative vote of twD-thirds of the
stock of the corporation.
No stoCkholder shall ever be held
liable or responsible, for the contracts or
faults of said corporation, in anv further
sum than the unpaid balance due on the
shares OF stock owned by him. nor sliail
anv more informalitv in organization
have the effect Of rendering this charter
null and void or of exposing any stock
holder to any liability, beyond the
amount due OIL his stock.
ARTICLE VIII.
AS stated under article four hereof.
this corporation shall commence busi-
ness or operation rs soon as Five
Thousand Dollars, (S50OO 00). of its
capital stock shall have been subscribed
and paid for, and, i'll order that this
charter may also serve as the original
list. the subscribers hereto
have set opposite their names the num-
bcrs of shares of stock subscribed for bv
each Of them.
Thus and passed ut nv office, in the
Town OF Erath, Louisiana in the pre-
scnce Of o. J. Leblanc. and L. T. I,e-
Blanc, good and competent witnesses,
who have signed these presents with
the said appearers and me, Notary, on
lay and date aforesaid, after due reading
IF the whole
.Sig) Mrs. Semar (x) R-oussard, Fifty
500 shares. Five Thousand Dollars.
- " p-ouSCarI Ton nm H..