The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-04-25

~ SAS " ao dfI such aa4s
and things as may be ne cessssa
proper Or convenient to carry
the objects and purposes Of ~.
corporation. sala#
ARTICLE II.
/ The domicile Of said cornor...
shall be in the parish of Ascans;ssaa
state of Louisiana, and all citatssass
or other legal process shall IL ssa.s
ed upon the president of said -
poration, or, in his absence nn ~
either the vice-president or tha ~
rotary. sss's
/ ARTICLE III.
The objects and purposes
which this corporation is organ;zsss
are hereby declared to be, to nv, NJ
chase, hold, lease and sell lanas. -
the parishes of Ascension and ~, ~
sumption, state OF Louisiana, to a..
velop their resources and colonisa
them, and to that end to constr,,as
maintain and operate all necessssss
| Improvements and works Of eonras s.5
ence or public utility. -.
ARTICLE ".
The capital stock Of said enrnc,.
ton is hereby fixed at ONE HIM
DRIED THOUSAND DOLLARS Sim
100000, to be divided into, and 81
| resented by, one thousand NM
shares of the par value of one I'm.
bred dollars (s100) each, waieh shsaz
be issued as the directors or ir,eas3#
porators may direct, at not isss
than par for cash. or it's equiyalaas
| i'll property. The issuance of sneb
stock is hereby expressly AUTHORIZE
III exchange for land in the said q,
ishes of Ascension or Assumption
of such valuation as the directors a
incorporates may bona fide nlaeo
thereon.
ARTICLE V.
All of the powers of this eorposa.
ton, except as herein limited, shan
be vested in, and exercised By
board of not more than three
nor more than seven (D, who neaa
not necessarily be stockholders. ID
be elected annually by the stoekhold.
ers, on the fourth Monday in ian.
uary of each year. All such eler.
tons shall be by ballot. Notice Of
all meetings of stockholders, exeent
as otherwise required by law, shan
be given by one weeks written no..
tice to each stockholder, mailed "a
mis- last known postoffice address
Each stakeholder shall be entitled 10
one vote for each share of stoek
standing in his name on the books
Of the company, to be cast in person
or by proxy, and majority OF the
directors shall have the power to
all vacancies that may occur in tia
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, Fice-president
and a secretary. They may also
elect treasurer, or may combine tic
functions of treasurer with that ct
vice president or secretary. The
secretary and treasurer need not Be
members of the board. The diree
tors may appoint such other Officers
clerks, agents, or employees as tnay
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 snail
not, however, have authority tenlaaa
any mortgage upon any propersy
the corporation without the uHan
nous consent of all stockholders
Except as thus limited, the direetoTs
may do all things reasonable, necas
sary or convenient for the proper
carrying on of the business of the
ARTICLE VI.
Whenever this corporation may BIZ
either by limitation OIL
from any other cause whatsoever,
its affairs shall be liquidated by
three stockholders, to be appointed
at the general meeting of stockhoId
ars convened for the purpose of ll.
quotation as hereinafter provided
each share being entitled to one
vote. in person or by proxy. Said
shall remain in offieH
until the affairs of said corporation
shall have been fully settled and.I I
luidated, and shall have full author.
ty and power to transfer and give
title to all the assets and property
If the corporation. In case of death
disability or resignation of one Of
more of said commissioners, the ~
,ancy shall be filled by election 81
he surviving commissioner or cen.
ARTICLE VII.
This act of incorporation may pe
modified, changed or altered, or sag
may be dissolved,
he assent of three fourths (A
he capital stock present or repre
'ented at any meeting of stockholas
ers after ten (10) days prior notice
n writing, mailed to each stock
,older at his last known postofIes
address,. Any change with reference
o the capital stock of the corpofas
ion shall be made in aceordanse b
With the laws of the state of Lou.
siana ON that subject.
ARTICLE VIII.
No stakeholder shall ever be hea E.
liable or responsible for the COZ.
racts or faults of said corporafloh
n any further sum than any ua.
'aid balance due on the shares g
took owned by him; nor shall any
aere informality in organization naRs
he effect of rendering this chartss
Iull or Of exposing any stockhoiaeI
Q any liability beyond the unpala
alance due on his stock.
In nrdor ut may. EnTHEaaa N3a