Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1914-11-07

/ valid meetings oi directors may Doe held
outside the State or within the State
: elsewhere than It's jpmicil, III eta
tons OF otH.- legal process, shall be
+ served upon tAr President. or. in case Of
/ his absence, upon the Ni,c-Preoil,ut, or
in the absence If both of these officers.
upon the Secretary of the Corporation
ARTICLE II.
The objects and purposes for vl.; n
/ this corporation - established and the
nature Of the business To- bc carried OH
/ by Il are hereby declared and specified
/ to be, as follows, to-w;l:
To purchase, own. hold, sell, eN-
change, reclaim, develop improve build
/ upon, irri-at,. cultivate. rent and mort
/ gage, real property, improved and un-
/ improved, rurai and urban; TO raise, buy
/ sell. mortgage and deal in mules. horsrs
/ Ca-tle and any other live stock: 10 bJv.
sell, own, lease, build, construct operate
and manage mills, gins. refl-rics. fac
tories, congresses, printing Offices mail
utaCturcS Of goods, wares, merchandise
/ AND personal property q every class and
/ description, and to bold. own, sell or
/ dispose Of trade. deal iii and deal with
! all the articles of commerce, at wholesale
or retail; to carry on all or any part Of
the business of manufacturers, rler-
chants, traders, importers, exporters
and dealers in and with goods, wares
and merchandise Of every description, of
establishing, developing, managing.
| operating and carrying on of industrial,
commercial, trading, manufacturing
mechanical, engineering, building. con-
s-ructlnG, contracting mining. refining.
chemical, real estate, logging, lumber
ing, agricultural, plantation, and dairy
ing, enterprises. undertakings. pIoDo-
Sitlons, concessions OF franchises. in all
their respective branches of construct
ing, equIPpln%, improving, WORKING.
developing, purchasing, selling. leasinr,
hiring, mortgaglng, operating, and deal
ing Ill aud with the public and quasi
puDhc and development works and COR
venlences. including decks, hmbcrs.
piers, Wharves. canals, reservoirs, chi
Dankments and improvements ana Other
engineering work; OF operating were
Loiscs, markets, buildings, tunnels
bridges ara other wOrNs ,ud CONVEX
fences OF public or quasi-pubiic use or
utility; or purchasing or otherwise &C
curing. maintaining, selling. plto-iug.
mo1tsaging, leasing, hiring ana fuit;ll:ug
any contracts, franchises aud con,es
slons, for or iii relation To the constrac
ton, execution, equipment, improve
ment. management, operation or control
OF such works, and of un.,ertaki.u, ex-
ecutIng, carrying out, isposiug Of or
Otherwise turning to account Of the
the same, and generally, in carving on
IFS business or businesses. or for the
purpose of attaining and furthering any
of its objects or purposes. to do any and
all other things and exercise any and all
other powers which are now or NAV be
hereafter permitted bv the laws of the
State of Louisiana, relative to the or
ganization OF corporations.
ARTICLE V.
The business affairs of this corporation
shall be managed by Board Of Three
~ Directors, and all of the powers Of
this corporation, without restriction.
shall be vested in and exercised by said
Board of Directors. Each director shall
own in his own right at all times during
his term of Office. at least one full-paid
and unpledged share of capital stock. /
Said Board of Directors shall be elected F.
annually on the first legal dav of the F.
month of October, of each wear. the
first election to be held in the year 1915. /
The said directors shall elect from their /
number a President, Il Vice-President /.
and a Secretary Treasurer They NAV
appoint other agents and EMPLOYEES.
who may be removed at the pleasure of .
said directors, They shall also have .
power to fill any vacancy in their NUM-
Der
The directors shall be elected at a
stockholders meeting, held at the dom
icile of the corporation, and notice OF
SAID meeting shall be delivered, person
ally or by depositing i'll the postonicc,
properly addressed, to each stakeholder.
at least fifteen DAYS before such meeting.
Other Stockholders meetings may be
held when ordered by the Board Of Di-
reCtOrS or upon the demand OF twenty
five per centum of the outstanding
stock, notice of such meetings to be
given as prescribed for meetings to elect
directors. Each stakeholder shall at
every stockholders meeting BE- entitled
to one vote, in person or by written
proxy, for each share of the capital
stock held by him, or he may send his
vote by letter, the signature of which
must be acknowledged before a Notary
Public or other officer authorized 70 take
ai!idavits. The stockholders shall have
the right of cumulative voting in tine
election Of directors.
Until the next general meeting to be
held under this charter on the FIRST legal
day in the month Of October, 1915, the
Board OF Directors shall be composed of
Messrs Frank 4. Godchaux, OF New
Orleans, La, Robert T.. Putnam. of
La, and J. Otto Broussard of
Abbeville, La. with the said Frank A.
riodchaux president; Robert + Putnam.
yice-presideEt, and J. Otto Broussard, \,
ecretary-TIeasurer.
The President, or in his absence, the
Vice President Of this corporation shall
have power i'll the name and in behalf of !
he corporation, to authorize the institu-
ion of any suit and other legal proceed
ngs, as authorized by Section 10 OF Act
No. 267 OF 1914. ,
ARTICLE VI.
At meeting OF the stockholders duly :
allied for the purpose, by the vote of
wo-thirds of all its stock, these articles
If incorporation may be amended, modi- |
led or changed, in any manner con- {
armatle to the laws of this state, in
.luding the increase or decrease of its
.apita1 stock. Provided, however. that
he objects and purposes of incorpora-
ion shall not be changed, and the eapi- 7
al sxock shall not be increased to more