St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-03-27

dispose of any part of the proper
ty so purchased, to conduct in any
lawful manner the whole or any
part of any business so acquired,
and to exercise all of the powers
necessary in and about the con-
duct and management Of such bus
mess and to exercise all of the
rights, powers and privileges or
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,
debentures, or other negotiable or
transferable evidences of indebt-
edness whether secured by mort
gage or otherwise, as we'll as to Sc
cure the same by mortgage or 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
tions by the laws of the State of
Louisiana.
ARTICLE ".
The amount of the total author
lied Capital Stock of this corpora
ton is One Hundred and Fifty
Thousand Dollars (St50,000.001
divided as follows: Fifty Thou
sand Dollars (s5o,oo0.o0) OF which
stock shall be common stock, di-
vided into ten thousand 100000
shares Of Five Dollars 500 each,
and One Hundred Thousand Dol
lars (si000,000.00l Of which Cap
ital Stock shall be seven per cent
dividend, non-participating and
non-voting preferred Stock over
the common stock, divided into
One Thousand shares 1000 OF
One Hundred Dollars (S100.0O1 each,
the dividend on which preferred
stock shall be paid out of the net
earnings Of the Company, all OF
which common and preferred
stock. when issued, shall be paid for
in cash or issued at par in pay
ment of property actually pur-
chased or services actually render
ed to the corporations, which said
stock when fully paid for shall be
non-assessable, and this company
shall have authority to commence
business and be a going concern as
soon as fifty per cent of its capital
stock is subscribed for.
ARTICLE v.
All of the powers and business
if this corporation shall be vested
II and exercised by the Board of
directors. unless otherwise pro-
ided for, said Board of Directors
hall consist of three 3)stockhold-
rs, a majority of whom shall con-
titute a quorum for the transaction
f business.
Said Directors shall be elected an
ually from among the common
Loekholders. on the second Tues
ay of January, each year, after
ne notice of holding said elect {
ion shall have been given to the I
ommon stockholders by mail, to {
is last known address, sent ten
avs prior to the holding of said
lection. Said notice may be i
'aiyed in writing. Each share Of 6
ommon stock is entitled to one I
ote, provided, however tifat tHe
allure of the Company to pay a Z
lvidend on the preferred stock
,r a period of two 70 years shall 8
i've the preferred stock equal vot-I
lg power with the common stock, I
9. each share to be entitled to one /
ote,this company reserying the
Ight to redeem all or any part ofsald
referred stock at par and five per
.nt premium, after five years by j
wing 90 days notice as provided 9
n in the certificate
Thel Board Of Directors shall
Ieet from among their number a
resident, a Vice President, and ale