The Donaldsonville chief., 1914-04-18

and generally to do all such
and things as may be necaasass ~
proper or convenient to carr rsss'y,
the objects and purposes ~ oa
corporation. sag
ARTICLE II.
The domicile of said cornoa..
shall be in the parish Of Asca.ssu0'a ,ss.'0a
state of Louisiana, and all cifatssA s1s.oa
or other legal process shal, ha7ssa h,sao1is
ed upon the president of said ss1s, "
poration, or, in his absence M -,
either the vice-president or tha w sss
retary. w
ARTICLE III.
The objects and purposes s
which this corporation is oraan;sss g
are hereby declared to be. ~,sse 4. nsa
chase, hold, lease and sell lands u I.
the parishes of Ascension and y
sumption, state of Louisiana = Il =
velop their resources and ealan:ss#
them, and to that end to constsnas
maintain and operate all neeeas.s,,
improvements and works of congass sss
ence or public utility. s1l'
ARTICLE ~
The capital stock of said earno,.
ton is hereby fixed at ONE, nm HIN
DRED THOUSAND DOLLARS Is1aa. lfa,'s
O0O0O), to be divided into. and I'rssf ~
resented by, one thousand f1ala,
shares of the par value OF one m
dred dollars (s100) each, which. sss, dan
be issued as the directors or inen.
poratorss may direct, at NOT IL.
than par for cash. or its eauigaIsss
i'll property. The issuance of sTeb S,1
stock is hereby expressly authogisss
in exchange for land in the said a.
lshes of Ascension or Assumntios
of such valuation as the directors 4,
incorporators may bona fide MIA.
thereon.
ARTICLE V.
All of the powers of this eorn0s
ton, except as herein limited. shan
be vested in, and exercised hy q
board of not more than three (sl
nor more than seven ~, who mead
not necessarily be stockholders. Il
be elected annually by the stoekhold.
ers, on the fourth Monday ii Jan.
uary of each year. All such alee.
tions shall be by ballot. Notice q
all meetings Of stockholders. eyeent
as otherwise required by law, shall
be given by one weeks written no
tice to each stockholder, mailed ID
mis- last known postoffIce address
Each stockholder shall be entitled ID
one vote for each share OF stock
standing in his name on the booss
of the company, to be cast in person
Or by proxy, and majority M tna$
votes cast shall elect. The board q
directors shall have the power to fl
all vacancies that may occur in thu
board. Failure to elect direetols
shall not dissolve the corporation, bill
the directors then in office shall lls
main in office until their successor
are elected. The directors. at thel
first meeting, after each election
shall elect a president, vice -presiasa
and a secretary. They may aA
elect a treasurer, or may combine t
functions OF treasurer with that d
vice president or secretary. Che
secretary and treasurer need not b
members of the board. The dirR
tors may appoint such other officers
clerks, agents, or employees as tass
deem necessary. The directors maj
also make, alter, or amend any ana
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 pEnnert
the corporation without the unaH
nous consent of all stockholden
Except as thus limited, the direction
may do all things reasonable, neess
sary or convenient for the nrona
carrying on of the business OF ths
corporation.
ARTICLE VI.
Whenever this corporation may DE
dissolved either by Limitation
from any other cause WhatsoeYa
its affairs shall be liquidated DE
three stockholders, to be appointaE
at the general meeting of stoekholaa
ers convened for the purpose Of lis
quidation as hereinafter proEidetS
each share being entitled to oHi
vote, in person or. by proxy sall$s Il
commissioners shall remain in atIs
until the affairs of said corporaa B
shall have been fully settled and Y
quidated, and shall have full autha 3
ity and power to transfer and gR s
title to all the assets and pToHep ii
of the corporation. In case OF deslA II
disability or resignation of one 9
more of said commissioners, the " S
cancy shall be filled by election 3
the surviving commissioner or coz s
missioners.
ARTICLE VII. q
This act of incorporation may 6
modified, changed or altered, OF ssa E E
corporation may be dissolved, VIZ & &
the assent of three fourths a
the capital stock present or Iepls S
sented at any meeting of steekhels' s|
ers after ten (10) days prior aeass II
in writing, mailed to each stoer 6
holder at his last known possoialal
address. Any change with rerefeas
to the capital stock of the eofpols
ton shall be made in aceoFaa
with the laws of the state of fles
isiana on that subject. M
ARTICLE VIII. IS
No stockholder shall ever % ass n
liable or responsible for tlaes
tracts or faults of said corpolS
in any further sum than an .
paid balance due on the slaIs ]
stock owned by him; nor shall s.
mere informality in Organization II
the effect of rendering this eaa,s ", @
null or Of exposing any stoesaVas
to any liability beyond the alpss
balance due on his stock. Ss Sss