The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-05-02

and things as may be necasaas !
proper or convenient to carry &.
the objects and purposes OF aass
corporation. ~
ARTICLE II.
The domicile of said corDorat;o.
shall be in the parish of Ascensisn
state of Louisiana, and all citatiass
or other legal process shall be SOW Now
ed upon the president of said cos
poration, or, in his absence. nna,.
either the vice-president or the ssa.
rotary.
/ ARTICLE LII.
The objects and purposes so,
which this corporation is organizaa
are hereby declared to be. to NM.
chase, hold, lease and sell lands Il
the parishes of Ascension and a.
sumption, state of Louisiana. tn do
velop their resources and colonies
them, and to that end to construct
maintain and operate all necessary
| improvements and works of convent.
ence or public utility.
ARTICLE ",
/ The capital stock Of said CORPORA.
ton is hereby fixed at ONE HUN.
DRED THOUSAND DOLLARS fs10a.
100000, to be divided into, and rem.
resented by, one thousand (1000l .
shares of the par value of one hun.
dred dollars (sl00) each, wlich shall
be issued as the directors or incor.
| porators may direct, at not less
than par for cash, or its equivalent
i'll property. The issuance OF such
stock is hereby expressly authorized
in exchange for land in the said par
| lshes of Ascension or Assumption
OF such valuation as the directors n
| ineorporators may bona fide place
thereon.
ARTICLE v.
All of the powers of this corpora
ton, except as herein limited, shan
pc vested in, and exercised by.
board of not more than three (s1
nor more than seven %, who need
not necessarily be stockholders. 10
be elected annually by the stockhold-
ers, on the fourth Monday in Jan
uary of each year. All such cleo
tons shall be by ballot. Notice OF
all meetings of stockholders, except
as otherwise required by law, shall
De given by one weeks written no
tice to each stockholder, mailed to
mis- last known postoffice address.
Each stakeholder 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 eachS election,
shall elect a president, vice-president
and secretary. They may also
elect a 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 diree-
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
the corporation without the uIlani.sl
nous consent of all stockhold
Except as thus limited, the directors
may do all things reasonable, neces-
sary or convenient for the proper
carrying on of the business of the
corporation.
ARTICLE VI.
Whenever this corporation may be-
dissolved either by limitation or
from any other cause whatsoever,
its affairs shall be liquidated by
three stockholders, to be appointed
at the general meeting of stockholm
ers convened for the purpose Of IL
quotation as hereinafter provided,
each share being entitled to one
VOTE in person or by proxy. Said
commissioners shall remain in office
until the affairs Of said corporation
shall have been fully settled and IL
quidated, and shall have full author
ity and power to transfer and give
title to ali the assets and property
Of the corporation. In case of death,
disability or resignation of one OF
more of said commissioners, the va
cancy shall be filled by election By
the surviving commissioner or COM
missioners.
ARTICLE VII.
This act of incorporation may be
modified, changed or altered, or SAID
corporation may be dissolved, with
the assent of three fourths (A) Of
the capital stock present or repre-.
sented at any meeting of stockhold.
ers after ten (10) days prior notice
in writing, mailed to each stock
holder at his last known postofflee
address. Amy change with references
to the capital stock of the, corpora
ton shall be made in accordance
with the laws OF the state of L0u-
isiana on that subject
ARTICLE VIII.
No stakeholder shall ever be held
liable or responsible for the cen
tracts or faults of said corporation
in any further sum than any un-s
paid balance due on the shares q
stock owned by him; nor shall any
mere informally in organization naYs
the effect of rendering this charter
null or of exposing any stockholaeI
to any liability beyond the UNPAID
balance due on his stock.
In order that this act may serve