St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-03-11

of Directors Of this corporation
may determine. Said capital stock
may be increased or decreased in
accordance with the laws of this
State.
This corporation shall be a going
concern and may commence bust
ness as soon as Five Thousand Dol
lars (s5,O00.00 of its capital stock
shall have been subscribed for.
All transfers of stock shall be
made on the books of the corpor-
alton on the surrender of the out
standing certificates. No stock
holder shall have the right to sell
his or her stock, without first offer
ing it in writing for Ten clear days
through the Board of Directors to
the other stockholders of this cor
poration, in proportion to their re-
spective holdings, and if any stock
holder refuses to purchase the 9th
ers shall have the right to buy the
same in proportion to their respec-
tive holdings.
ARTICLE v.
All the powers of this corporation
shall be vested in, and its business
and affairs shalt be managed by, a
Board of Directors consisting of
Five stockholders. Said Directors,
except the first Board of Directors
hereinafter designated, shall be
elected annually at a meeting Of
the stockholders to be held on the
18th day of January of each year,
commencing with the year 1917, and
annually thereafter. and shall hold
office until the next annual meet
ing or until such time as their sue
cessors r elected and shall quail
fy. If the date Of the annual meet
ing in any year falls on a Sunday
or legal holiday, the meeting shall
be held on the next following day
not a legal holiday.
Special meeting Of the stoekhold-
ers may be called at any time by
the Board of Directors as they may
see tit, or by the President when
the latter shall have been requested
to do SO by the holders of not less
than twenty-five per cent (25 per
cent? OF the outstanding capital
stock.
Notice of the regular meetings of
the stockholders, and also of such
special meetings of the stockhold-
ers as may be called, shall be given
the Secretary to all stockhold-
ers of record, by written notice
stating the time and the purpose of
the meeting, addressed to said
stockholders at their last known
post office addresses respectively.
and deposited in tae United States
mails at least ten days prior to the
date fixed for the holding of the
meeting.
At all elections and all meetings
OF the stockholders, each stock
holder shall be entitled to one vote
for each share of stock standing in
his or her name on the books of
the corporation at the date of said
election or meeting, said votes to
be cast in person or by written
proxy, and a majority of the votes
cast shall elect or shall decide the
question at issue unless otherwise
provided by law.
Any failure to elect the Directors
such time as provided in this
Article shall not dissolve or affect
The corporation, nor impair its
management in any respect, but the
in office shall continue to
act as such until their successors !!
ire elected and qualified. Any va
,ancy occurring on the Board of
DIRECTORS shall be filled from among
he stockholders by the remaining
The Board of Directors shall
,lect as soon as possible after their
'Wn appointment or election al
resident, a Yice-President, a Sec-
'etafy and a Treasurer, and may
to each officer such powers
$ they deem proper and fix their
'espective duties and compensa-
ion. The Board Of Directors may
lso from time to time as they see
It, name and appoint all such other
Ulcers, and such agents, servants
nd employees as they deem neces-
airy, and fix and define their DOW
rs, duties and compensation. The
resident and the Vice President
hall be stockholders and Members
+ the Board of Directors, but the
'ecretary and the Treasurer and
ny other officers elected or ap-