St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-06-13

lars )$100.00) per share which stock
shalLbe issueda as the Board ofDirectors
may determine, and shall be paid for in
cash as called for by said board, Dr. may
be issued at not less than par in pay
ment for property purchased by the
corporation or for labor or services ac-
tuafly 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 recogniz-
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
suance 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 subscribed,
this corporation shall commence bust
ness and be a going concern from this
date.
All of the powers of this corporation
and the management and control OF its
affairs shall be vested in and exercised
by a board of five 90 directors, COM
posed of stockholders, a majority OF
whom shall constitute a quorum, and a
majority Of said quorum shall be suffi-
Gent to transact business, and their
decisions shall be valid corporate acts;
except that it shall be necessary in or
der to mortgage or pledge the property
of the corporation, that at least three
| directors shall vote in favor thereof.
Any of the directors shall have the
right to appoint another stakeholder as
his proxy to attend any and all meet
ings Of said Board OF Directors.
They shall elect from their number a
president, vice-president, a secretary
and treasurer. The following named
persons shall constitute the first Board
of Directors.
DR.. j. A. Haas, B. Bennett, ]. T. ST.
Cyr, Louis Hebert and j. G.. 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 or
this Company.
The Board of Directors shall elect its
officers and shall appoint such agents
and managers as may be necessary,
and shall fix their compensation. .
The said Board OF Directors shall
make all bylaws, rules and regulations
for the proper government OF the busI-
ness and affairs of the corporation, and
alter, amend and change the same at
pleasure. They shall have the power
to buy, sell, mortgage, pledge and
lease any and all property, real, per-
sonaI and mixed, corporal or incor-
poreal, whenever in their judgment
thew may deem such acts necessary
and proper, and to make all contracts
and agreements necessary to carry
same into effect.
All acts of sale, purchase, lease on
other contract shall be signed by the
president and In case of his absence on
inability TO act by the vice-president.
ARTICLE VII.
On the second Monday of January Oh
each year, beginning with the yeal
1915. there shall be a meeting of the
stockholders to elect directors for the
ensuing year, which meeting shall b.
called after a notice published twice i
ten DAYS in one of the newspapers pub
lished in OpeIousas, Louisiana; and thu
Board of Directors shall appoint q q
more stockholders to preside a
such election al commissioners. 4
the event of the failure OF any commits
sioner or commissioners to attend, To,
President shall, by appointment, n