St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-03-25

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 busl-
ness as o as Five Thousand Dol
lars (S5, 100000 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 herastock. 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-
spectiye 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 shall 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 are elected and shall quail
fy. II 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 fit, 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
by 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 the 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
at such time as provided in this
Article shall not dissolve or affect
the corporation, nor impair its
management in any respect, but the
Directors in Office shall continue to
act as such until their successors
are elected and qualified. Any va
cancy occurring on the Board of
Directors shall be filled from among
the stockholders by the remaining
Directors.
The Board of Directors shall
elect as soon as possible after their
own appointment or election a
President, a Yice-President, a Sec
rotary and a Treasurer. and may
grant to each officer such powers
as they deem proper and fix their
respective duties and compensa-
ton. The Board of Directors may
also from time to time as they see
fit, name and appoint all such other
officers, and such agents, servants
and employees as they deem neces-
sary, and fix and define their pow
ers, duties and compensation. The
President and the Vice President
shall be stockholders and Members
of the Board Of Directors, but the
Secretary and the Treasurer and
any other officers elected or ap-
(Number Shares Subscribed For)