St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-04-03

dispose of any part of the proper
Ety SO purchased, to conduct in any
lawful manner the whole or any
part of any business Sc acquired
and to exercise all of the powers
necessary i'll and about the con-
duct and management of such bus
mess and to exercise all of the
rights, powers and privileges OF
ownership of property to the ex-
tent as natural persons might or
could do, to enter into and make,
perform contracts of any kind,
with any person, firms, associations
or corporation, municipality, body
polite, country, territory, State or
Government, to draw, make, ac-
cept, endorse, discount, execute or
issue promissory notes, drafts, and
bills Of exchange warrants, bonds,
de%bentures, or other negotiable or
transferable evidences of indebt-
edness whether secured by mort
gage or otherwise, as well as to Sc
cure the same by mortgage OF 9TH
erwise, to do any and all of the
things herein set forth to the same
extent as natural persons might
or could, as principals, agents, con-
tractors, trustee or otherwise,
alone or in company with others.
In general to carry on any other
business in connection Herewith
not forbidden by the laws of the
State Of Louisiana, with all the
powers conferred upon corpora
tons by the laws Of the State of
ARTICLE ".
The amount Of the total author
lied Capital Stock OF this corpora
ton is One Hundred and Fifty
Thousand Dollars (st50,OO0.00l
divided as follows: Fifty Thou
sand Dollars (%s50,O00.00) of which
stock shall be common stock, di-
vided into ten thousand 10000
of Five Dollars $500 each,
md One Hundred Thousand Dol
ars $4,000, 100000 Of which Cap
tai Stock shall be seven per cent
dividend, non-participating and
lon-voting preferred Stock over
he common stock, divided into
)ne Thousand shares 10000 Of
)ne Hundred Dollars (sI0O.0Ol each,
he dividend on which preferred
took shall be paid out Of the net
earnings Of the Company, all Of
which common and preferred
took, when issued, shall be paid for
n cash or issued at par in pay
lent of property actually pur-
hased or services actually render
d to the corporations, which said
took when fully paid for shall be
on-assessable, and this company
hall have authority to commence
u~siness and be a going concern as
as fifty per cent of its capital
.oek is subscribed for. Il
ARTICLE V.
All of the powers and business
T this corporation shall be vested t
and exercised by the Board of S
ireetofs, unless otherwise pro- \
.ded for, said Board of Directors S
lall consist of three (3)stockhold-
s., a majority of whom shall con- {
itute a quorum for the transaction S
business. /
Said Directors shall be elected an
from among the common
ockholders, on the second Tues-I
" of January, each year, after f
lie notice Of holding said elect Q
On shall have been given to the Il
stockholders by mail, to c
$ last known address, sent ten b
Us. prior to the holding Of said /
Said notice may be IL
lived in writing. Each share Of eli
stock is entitled to one n,
te, provided, however, that the Ii
lure of the Company to pay a al
yidend OF the preferred stock
a period of two t2l years shall al
e the preferred stock equal vot- D;
power with the common stock. n;
]. each share to be entitled to one fo
company r~eserving the
bit to redeem all or any part ofsaid
'ferred stock at par and five perrin
It premium, after five years by it,
ing 90 days notice as provided at
in the certificate.
'hel Board of Directors shall Or
from among their number a Pa
sident. a Vice President, and a on