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

pointed need not necessarily be
either Directors or stockholders
and two or more of their officers
may be merged in one should the
Board of Directors see fit.
The Board of Directors shall be
vested with full power and author
ity to make all contracts, pur-
chases and sales, and to adopt all
bylaws, rules and regulations for
the conduct of the business of the
corporation, and alter, amend and
change the same at pleasure, and
in general to do and perform all
things necessary in the transaction
and management of the business and
affairs Of the corporation.
At all meetings of the Board of
Directors each Director, including
the President or presiding officer,
shall be entitled to one vote.
The following named persons
shall constitute the first Board of
Directors and officers of the corpor-
alton under this charter, and they
shall hold their Offices until the
18th day of January, 1917, or until
their successors are elected and
qualified, viz:
BOARD OF DIRECTORS: JOS. A.
sibiile, v. H. sibille, Frank sibille,
Roland Sibille, Aaron Perry.
OFFICERS: Jos. A. Sibille, Pres
ident; " H. sibille, Vice-president;
Aaron Perry, Secretary and Treas
urer.
ARTICLE VI.
This act of incorporation may be
modified, changed or altered, or
said corporation may be dissolved,
with the assent of three-fourths of
the capital stock represented at a
meeting of the stockholders con-
yened for such purpose in the man.
ner provided in ARTICLE v hereof
Any change made or proposed
in reference to the capital stock
shall be made in accordance with
the laws of this State o n the sub
ject of altering the capital stock Of
corporations.
ARTICLE VII.
No stakeholder shall ever be held
liable for the faults, contracts or
obligations of this corporation in
any further sum than the unpaid
balance, If any, due to the corpora
ton on the shares subscribed for
Or owned by him, nor shall any
mere informality in organization
have the effect Of rendering this
charter null or exposing any stock
holder to any liability beyond the
unpaid balance due on his stock.
The subscribers hereto have re-
speetively written opposite their
names the amount of stock sub
scribed for by them in this corpor-
alton. so that this act of incorpora-
ion may also serve as the original
subscription list Of the corporation.
ARTICLE VIII.
Whenever this corporation shall
De dissolved either from limita-
ion or otherwise, its affairs shall
oe liquidated by three 81 commits
'ioners, to be elected by the stock
lolders at a meeting called for
hat purpose in the manner provid-
ID for in ARTICLE v of this
and a majority in amount
# the capital stock represented at
,uch meeting shall be requisite to
'lect said Commissioners. The
commissioners shall remain in Of
ice until the affairs of the
shall be fully liqui-
lated, unless sooner removed by the
tockholders at a meeting duly con-
In case of the death res
gnation or inability to act of either
r all of said commissioners, the
acancy or vacancies shall be filled
y election at a stockholders meet
ag duly called as provided for in
.RTICLE Y hereof, and pending the
lection to fill said vacancy or va
ancles and the qualifications of
ne new commissioner or commits
loners, the survivor or SURVIVORS
hall continue to act.
THUS DONE AND PASSED, at my
in the City of Opelousas, St.
andry Parish, Louisiana, on the
ay, month and year first herein
bove written, in the presence of
'udley Z. Guilbeau and Lila Payy,
competent witnesses both OF
sWful age and residents of said
arish, who have signed hereto to-
ether with said subscribers and
le, Notary, after duereading Of the
hole.
(Residence1
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