The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-05-09

ana gehefaaly TO do all such ~
and things as may be na No. aess
proper or convenient to CO..
the objects and purposes 60 q oat !
corporation. -
/ ARTICLE II.
| The domicile of said eorno,...
shall be in the parish Of Asean.saoa
state of Louisiana, and all aisa ssslsa ;
or other legal process shall hs 'saoaa
ed upon the president Of sas EIsseFss
poration, or, in his absence ", W.
either the yice-president ar=+h. apea
rotary. - see. I
ARTICLE III.
The objects and purnosns
which this corporation is orpan,l .os
are hereby declared to be- Eel
chase, hold, lease and sell land sa',s=
the parishes of Ascension a,,a' ~. Y I
sumption, state of Louisiana 4 y 3
velop their resources and eo lssss3
them, and to that end to eensf, ,,ss
maintain and operate all naaas .ssst
improvements and works of e i,ss,s ]
ence or public utility. ,.''s
ARTICLE ".
| The capital stock of said ea,,o.
ton is hereby fixed at ONE. I'm lssas' ]
DRIED THOUSAND DOLLARS Is slas,.l
100000, to be divided into. ana and, q
resented by, one thousand afIaa,
shares Of the par value of one ssn
dred dollars ($1O0) each, WaieI sh ss
be issued as the directors or ;neas
porators may direct, at NOT d.
than par for cash, or it's eouiva,ss
in property. The issuance Of s,sss
stock is hereby expressly authorissss
in exchange for land in the said an
ishes Of Ascension or AssumItiop
of such valuation as the direetnrs Z
incorporates may. bona fide nlaes
thereon.
ARTICLE v.
All of the powers of this eorsnss
ton, except as herein limited. shal
be vested in, and exercised Nv,
board of not more than three
nor more than seven "a, who naad
not necessarily be stockholders 4
be elected annually by the stockton
ers, on the fourth Monday S in jan. 3
uary of each year. All such alpe
tons shall be by ballot. Notice 1,
all meetings of stockholders. eyeem
as otherwise required by law. shan
be given by one weeks written nn
tiee to each stockholder, mailed Il
his last known postoffice address
Each stakeholder shall be entitled ii
one Vote for each share of stack
standing in his name on the books
OF the company, to be cast inperson
or by proxy, and a majority Of lie
votes cast shall elect. The board 81
directors shall have the power 70 Til
all vacancies that may occur in ths
board. Failure to elect direeion
shall not dissolve the corporation bH
the directors then in office shall IA
main in office until their successor
are elected. The directors, at thsh
first meeting, after each election
shall elect a president, vice-p residea
and secretary. They may also
elect a treasurer, or may combine the4
functions OF treasurer with that d
vice president or secretary. hs
secretary and treasurer need not be
members of the board. The dire
tors may appoint such other offiGerg
clerks, agents, or employees as they
deem necessary. The directors MAJ
also make, alter, or amend any and
all bylaws, rules and regulations ND
essary. and proper for the business
of the corporation. The board shall
not, however, have authority To- pIace
any mortgage upon any prouaI
the corporation without the aaauE
nous consent OF all Stockholders
Except as thus limited, the dIree1als
may do all things reasonable, neee
sary or convenient for the pruna
carrying on of the business OF hs
corporation.
ARTICLE VI.
Whenever this corporation may b
dissolved either by limitation
from any other cause whatsoeye5 4
its affairs shall be liquidated "
three stockholders, to be appoints
at the general meeting of stockhald
ers convened for the purpose ct 4
quotation as hereinafter provided
each share being entitled to oga 4
vote, in person or by proxy aa Z
commissioners shall remain IN offs
until the affairs Of said corporate h
shall have been fully settled and 4
Quidated, and shall have full aathor
ity and power to transfer and ggig 1t
title to all the assets and propeM s
of the corporation. In case OF dealt
or resignation Of one &
more of said commissioners, the -
cancy shall be filled by election d 5
the surviving commissioner or com
ARTICLE VII.
This act Of incorporation may " #
modified, changed or altered, or saa Z
may be dissolved, s
the assent of three fourths ol
the capital stock present or TepFs
scented at any meeting of stockhola'
ers after ten (10) days prior nosls
in writing, mailed to each stOes s
holder at his last known posloIaa
address. Any change with re1eEehes
to the capital stock of the corpofs ri
ton shall be made in accorda1ss
with the laws of the state OF S
Isiana on that subject.
ARTICLE VIII.
No stakeholder shall ever be snsN
liable or responsible for theseoa Is
tracts or faults of said corporatA ks
n any further sum than any ah.
paid balance due On the shares y s
stock owned by him; nor shall w @
mere informality in organization asls IS
the effect of rendering this elaI.a
null or of exposing any stocknona:. r.
% any liability beyond the unRau III
balance due on his stock. - I'LL