The Donaldsonville chief., 1914-04-04
ARTICLE ".

/ The capital stock of said corpora
tion is hereby fixed at ONE HUN
DRIED THOUSAND DOLLARS (s1OO
000.00), to be divided into, and rep
resented by, one thousand 10O0,
shares of the par value of one hun
dred dollars (s1O0) each, watch shall
be issued as the directors or incor
porators may direct, at not les!
than par for cash, or it's equivalen
III property. The issuance of sucI
stock is hereby expressly authorized
in exchange for land in the said par
ishes of Ascension or Assumption
of such valuation as the directors OF
Iincorporators may bona fide place
/ thereon.
ARTICLE V.
All of the powers Of this corpora
ton, except as herein limited, shall
be vested in, and exercised by, 8
board of not more than three (3)
nor more than seven (7), who need
not necessarily be stockholders, tc
! be elected annually by the stockhold
ers, on the fourth Monday in Jan.
uary of each year. All such elec-
tions shall be by ballot. Notice OF
all meetings of stockholders, except
as otherwise required by law, shall
be given by one weeks written no.
tice to each stockholder, mailed to
his last known postoffice address.
Each stockholder shall be entitled to
| one vote for each share of stock
standing in his name on the books
OF the company, to be cast in person
or by proxy, and majority of the
votes cast shall elect. The board of
directors shall have the power to fill
all vacancies that may occur in the
board. Failure to elect directors
shall not dissolve the corporation, but
the directors then in office shall re-
main in office until their successors
are elected. The directors, at their
first meeting, after each election,
shall elect a president, president
and a secretary. They may also
elect treasurer, or may combine the
functions of treasurer with that of
vice president or secretary. The
secretary and treasurer need not be
members of the board The direc-
tors may appoint such other officers,
clerks, agents, or employees as they
deem necessary. The directors may
also make, alter, Or amend any and
all bylaws, rules and regulations nee
essary and proper for the business
OF the corporation. The board shall
not, however, have authority to place
any mortgage upon any property OF
the corporation without the unani-
nous consent of all stockholders.
hAcept as thus 1lnited, the directors
nay uo oil lhaHss 4feasohaD1e, neees-
saly OF cory convenient slale Tor Ihe proper
CARVING on OF the business OF the
eo1poiaelon.
AhiICIAE VI.
:. w Wi,enever llls corporation may De
uissoisea eLl elsnef# Dy limitation or
.loin u any oener cause whatsoever,
us alhatfs snan De llqu1dated by
.nA ooosAholasis' 70 De appoiHteu
es lug soheiai s'. Aee.ils ol slocKnoid-
eis convened TOT the purpose OF Il
quluaeiun wy % nerelhaLeer PROVIDED
eaen snafe oelhg entlled 60 one
So.es III peisou oI py proxy. oald
eo..,ulssiVhsas a., sa s1ias ieinain III Office
on',t tne aliaiis " sald CORPORATION
eia,t nave pee1 iuiiy settieu ana u
y auioo'seu' anu silail nave 1ull aurhor-
10y 10y, anu power 10 transfer ana give
e..ie " al sne assets ana properly
y, =. - ne coipoiaeion' In case OF deatn'
uisapiisy oi fesisnaoion OF one or
moie oL sald commissioners, ..L, l'1 the va
: eal'oy snal pe lIiIea oy eleet1on Dy
sne sol eleins COMMISSIONER OF com-
lnissionets.
mn. AIs slle4E ".
LIS act N 1ncotporallon may De
, l1ooiAleu, cualiseu or altefed, or sald
~ ~ poia.ioh inay oe ulssolVed, with
-. s.e essene u LIZ Aoufehs tz4J OF |
VIZ oapi.ai s1oeA present or repre-
at ans neetlng OF stocKhold-
= : alsel eeh w uays PRIOR notlce !
- ta,aa ~4i'an' nailea 20 eacn STOCK
ao.uot a. LIS lase hnoWn posloIllce /
auul - 4s CO., Any cnanse Win reference
~ enI s1pi.ai stoeA u Tue cofpofa-
.oll -.;4h SCI oe na,e III accoroance
80 "isn lug AVS " Tue state OF LOU
on .nao n,,s,r sqoJeet. y
AIsI IiSLE Vll1.