St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-12-02


and buildings as we'll as leases shall
be only to the extern that the same
are medicinal to or necessary for the
operation and growth o fthe business
of this corporation as delineated
above.
ARTICLE ".
This corporation may sue and be
sued in it's corporate name, and by
and through its President or in his
absence through its Manager, VINO
NAV appear and act in court pro-
ceedings for and on behalf OF TINS
CORPORATION without the necessity OF
any further authority from the stock
holders or directors thereof; and
through its Board of Directors this
corporation may sell, mortgage, hypo-
thecate, pledge, lease and suitcase
real estate and personal property,
though this grant Of authority shall
in no way curtail or interfere with
the authority of the managing of11eers
to carry on the ordinary business or
the corporation and TO make con-
tracts respecting the purchase or
sale of merchandise the n
of payment therefor, to borrow
money in ~fuIthorance Of the objects
and of this corporation n
to make contracts OF mortgage
pledge to secure the same; to make
use of a corporate seal and the i'ane
to break and alter at pleasure; to
name and appoint such managers,
directors, Officer agents and clerks
as the interest or convenience OF
said corporation may require.
ARTICLE v.
The Capital Stock Of this corpora
ton is hereby fixed at Ten Thousand
Dollars, (s10.o oO. 00), represented by
one hundred shares, (100), of a par
value of One Hundred Dollars, ($100.-
O0), each, and it shall be divided III
to preferred and common stock, OF
which there shall be Seventy-f1ye
Hundred Dollars, (s7, 500.00l, common
stock and Twenty-Five Hundred Dol
lars, ($2,500.O0), preferred stock
The preferred stock shall entftle the
holder to cumulative semf-annual
dividends at the rate OF eight per
centum per annum, and mo more, the
same to be paid or set apart before
any dividends shall be paid or set
apart for the common stock; and In
case of liquidation. the proceeds OF
Humiliation shall be first applied to
the payment of the holders Of the
preferred stock of the sE,n of One
Fundred Dollars per share and any
act1ued or unpaid 1ifiiends thereon,
and the balance remaining thereafter
shall be divided among the holders of
common stock in proportion to their
holdings. The first dividend on the
preferred stock shall be payable July l
1917. on shares then outstanding. All
or any of the preferred stock shall
be subject to redemption by the
Board of Directors at par, and also
in addition thereto any unpaid ac-
cumu1ated dividends past due there
on, though such redemption shall not
take place except at n Of the Pc
RODS fixed herein for the payment Of
accumulated dividends. The pre-
ferred stock shall have no voting pow
er, nor shall the possession of any of
it alone entitle the holder to serve as
a member of the Board of Directors,
as aliquidator
This corporation shall commef4ce
business as soon as Fifty shares or
Five Thousand Dollars of the COM
mon stock has been subscribed and
paid for.
The preferred stock shall be de-
signated and held as treasury stock
to be sold at such times and in such
amounts rs the Board of Directors
determine, but only for cash and at
par.
BY a vote of two-thirds of the
stockholders the capital stock of this
corporation may be increased to an
amount net exceeding Fifty Thous-
and Dollars, ESQ. 000. 009.
ARTICLE VI.
The business affairs of this cor
poration shall be transacted by and
through a board of three directors
who shall be stockholders, and 70 be
elected at a meeting to be held fo7
that purpo1e on he second Monday Of
he months of j. nuary OF each Year.
The Directors thus selected shall
serve for one year or until their sue
cessors shall have been duly elected
and qualified. Tho Beard of Direct
ors shall elect from their number a
resident, a vice-President, and
Secretary-Treasurer and Manager,
the Manager may also DE any
of the other officers, and q majority
Of the board shall have the power to
fill any vacancy occurring in that
body or among the officers, and to
make such bylaws, rules and regular
as they may deem proper Tor
the transaction Of the business and
affairs of said corporation, to change,
alter or amend the same a. pleasure,
to appoint and fix the salaries of all
officers, clerks and employees, and
the same tochange and dismiss at
pleasure, though such authority may
be conferred upon the President or
General Manager, or both. ~
ARTICLE VII.
This Act of Incorporation may be
changed, amended, modified or alter
ed, or said corporation may be dis
at a special meeting of the 5
said stockholders, convened for that
purpose after ten days notice to all
stockholders, though the mails or by
noice published in a newspaper. is
sued from the city of Opelousas, La,
ind with the consent of three-fourths
the capital stock Of said corpora
ion. For the purposes of liquidation
he stockholders may appoint two
iquidators from the stockholders
Who shall exercise all the power and