Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1914-11-21

ARTICLE H.
The capital stock of this corporation is
hereby fixed at One Hundred and Forty
Thousand (1+G. COO co. Dollars. divided
into and represented by One Thousand
-Four Hundred Shares. of the par value
of One Hundred (Sl0O. O0l Dollars each.
fifty per centum of which stock shall be
subscribed before filing of these articles
of incorporation for recordation i'll the
Mortgage Records of the Recorders Of
fee of Ncrmilion Parish. La. and which
fifrv per Centum shall be actually paid
before the corporation shall engage in
business, and the remaining fifty per
Centum shall be subscribed and paid for
within twelve months of the signing of
these articles of incorporation. The stock
of this corporation shall he represented
by certificates, and shall be personal
I property. The form of the certificates
shall be determined by the Board of Di-
rectors, and signed by the President and
Secretary, and sealed with the seal of
! the corporation. if one is adopted. and
shall be transferable as prescribed BY
/ law.
The capital stock of the corporation
NAV be increased, in the manner here
matter prescribed. to the amount of Five
Hundred Thousand $500. 900. OO)Dollars.
| No stock or bond of this corporation
shall be issued except for labor done,
services rendered, or money or property
actually received.
ARTICLE III.
The domiCile of said corporation shall
be at Abbeville, Nermilon Parish. Louis
lana where all meetings of stockholders
or directors must be held. provided. that
with the written consent of all directors,
valid meetings of directors NAV be held
outside the State or within the State
elsewhere than its domicile All cita-
tons or other legal process shall be
served upon the President, or, i'll case of
his absence. upon the Vice President, or
i'll 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 on
BY it are hereby declared and specifre
to be. as follows, to-wit:
To purchase, own. hold, sell, ex-
change. reclaim. develop, improve, build
upon. irrigate. cultivate rent and mort
gage. real property. improved and un-
improved. rural and urban; to raise, buy
sell, mortgage and deal in mules horses,
cattle and any other live stock; to buv.
sell, own, lease, build, construct operate
and manage mills, gins. refineries, fac
tories, congresses, printing Offices man
ufactures 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, ner-
chants, traders, importers, exporters
and dealers i'll and with goods. wares
and merchandise of every description. of
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. in all
their respective branches of construct
ing. equipping. improving. working. F!
developing, purchasing selling. leasing, !
ing in and with the public and quasi /
public and development works and con-
veuiences. including docks. harbors. |
piers, wharves. canals. reservoirs. en- !
bankments and improvements and other |
engineering work; of operating ware /
houses, markets. buildings. tunnels |
bridges and other works and convel-
fences of public or quasi public use or |
utility; or purchasing or otherwise ac- !
quiring. maintaining selling. pledping, !
mort2agirg. leasing, liring and fulfilling
any contracts. franchises and conces-
sions, for or i'll relation to the construc-
ton, execution, equipment, improve
ment, management operation or control /
of such works. and of undertaking. ex-
ecuting, carrying ont. disposing of. or |
otherwise turning to account of the |
the same, and generally. in 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 be
hereafter permitted bv the laws of the
State of Louisiana, relative to the or
ganization of corporations.
ARTICLE V.
The business affairs of this corporation
shall be managed by Board of Three
~ Directors, and ali of the powers of
this corporation, without restriction.
shall be vested in and exercised BY said
Board of Directors. Each director shall
own i'll 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 1915
The said directors shall elect from their
number a President, a Vice President
and Secretary-Treasurer. They may
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
meeting, held at the DOM
icile of the corporation, and notice of