St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-09-12

last known postoffice addresses respec.
lively, and deposited in the United
States mail at least fifteen days prior
to the date fixed for the holding of the
meeting.
At ali elections and all meetings oil
the stockholders, each stakeholder
shall be entitled to one vote for each
share of stock standing in his or hel
name on the books of the corporation
at the date of said election or meeting
said votes to be east in person or By
; written proxy, or by letter as provided
by law, when duly authenticated be
fore a notary, and the majority of votes
cast shall elect or shall decide the ques
ton at issue unless. otherwise provided
by law.
Any failure to elect the directors q
such time as provided in this article
shall not dissolve or affect the corpora
ton, nor impair its management in any
respect, but the directors in office
shall continue to act as such until theil
successor are elected and qualified
Any vacancy occurring on the board o.
directors shall be filled from among the
stockholders by the remaining direc
tors.
The board of directors shall elect as
soon as possible after their own ap.
pointment or election a president, a
vice-president, and a secretary-treas,
urer, and may grant to each officer
such powers as they deem proper
and fix their respective duties and
compensation. The board of directors
may also from time to time as they see
fit, name and appoint all such other Of
flcerS and such agents, servants and en-
ployees as they deem necessary, and
fix and define their powers, duties and
compensation. The president and vice
president shall be stockholders and
members of the board OF directors, but
the secretary-treasurer and any other
officers elected or appointed need not
necessarily be either disectors orstock-
holders and two or more of their
offices may be merged in one should
the board of directors see fit.
The board of directors shall be Vested
with full power and authority to make
all contracts, purchases and sales, and
to adopt all Bylaws, rules and regula-
tons for the conduct of the business of
the corporation, and may alter, amend
and change the same at pleasure, and
in general to do and perform all things
necessary in the transaction and man
| agement OF the business and affairs OF
the corporation.
At all meetings of the board of direc-
tors each director. including the pres
ident or presiding officer, shall be en-
titledto n vote.
The following named persons shall
constitute the first board of directors
and officers of the corporation under
this charter, and they shall hold their
offices until the first Monday of July,
1915, or until their successors are cleo
ted and qualified, viz:
Board of Directors: B.. w. Clopton,
Henry E. Lowery, and Mrs. W. F.
Clopton.
Officers: B. w. Clopton, president;
Mrs. w. F. Clopton, vice president,
Henry E. LoWery, secretary and treas
urer.
ARTICLE VI.
This act of incorporation may be
modified, changed or altered, with the
assent of two-thirds of the capital stock
represented at a meeting of the stock
holders convened for such purpose in
the manner provided in Article Y,
hereof.
Any change made or proposed with
reference to the capital stock shall be
made in accordance with the laws OF
this state on the subject Of altering the
cayital stock of corporations.
ARTICLE VII.
No stakeholder shall ever be held
liable for the faults, contracts or obi
cations of this corporation in any
further sum than the unpaid balance,
if any, due to the corporation on the
| shares subscribed for or owned by him,
nor shall any mere informally in or
| g~anization have the effect of rendering
this charter null or exposing any stock
holder to any liability beyond the un-
paid balance due on his stock.
The subscribers hereto have respec-
lively written opposite their names the
| amount of stock subscribed for by
them in this corporation, so that this
act of incorporation may also serve as
the original subscription list OF the
corporation.
ARTICLE VIII.
Whenever this corporation shall be
dissolved either from limitation or 9th
erwise, its affairs shall be liquidated by
three 81 commissioners, to be elected
by the stockholders at a meeting called
for that purpose in the manner provid.
ed for in Article v of this charter
The commissioners shall remain in office
until the affairs of the corporation
shall be fully liquidated, unless sooner
removed by the stockholders at a meet
ing duly convoked. In case OF the
death, resignation, removal or ina
bility to act of either or al
of said commissioners, the
vacancy or vacancies shall be filled b.
election at a stockholders meeting duly
called, and pending the election ant
qualification of the new commissions
or commissioners, the survivor or sur
vivors shall continue to act.
THUS DONE AND PASSED at m,
office al Morrow, in the Parish of St
Landry, State of Louisiana, on the day
month and year first hereinabove writ
ten, in the presence of R. L. Schulz.
and E. l.. Morrow, two competent wit
nesses both of lawful age and resident
of said parish, who have signed herett
together with said subscribers and me
za4.-. ,g4or I,a -anIi,D rs tho yuhpin