Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1916-04-08

first notice to appear at least htteeh DAYS
nreceeding such election. All elections
Shall be held at the Office of SAID Corpo-
ration at Abbeville, La, under the SUI
rarvisiou of three stock holders appoint
ed for the purpose, by the Board OF Dl-
rectors at It's regular meeting proceed
ing the date of such election. Failure
TO hold the election on the date speC-
fed shall not cause orOpcrate dlssoIu-
ton of this corporation, but the Direc-
tors shall hold over until their success
sors are elected and installed. Nacan-
cies occurring on the Board from any
cause whatever shall be filled by the re-
manning Directors from among the
Stockholders qualified to serve as Di-
rectors. Three Directors shall Constl-
tutc a quorum to transact any and all
business of the Corporation. Meetings
of stockholders not herein provided tor
shall be called i'll the manner and upon
such notice as may be provided Ill the
By LAWS of said Corporation. Each
BOARD of Directors. at its first meeting,
shall elect from its members, a President
Vice President and Treasurer and from
its members or stakeholder of this
Corporation, Secretary.
The following named persons shall
constitute the first Board of Directors,
and they are vested with all the rights,
powers and duties herein specified, and
Shall continue in office until their sue
cessors shall have been elected and
installed, as hereinabovc provided, to-
wit:
|. +. Nettles. S. p. Watts, II. II.
Shackelford, b. T.. Jones and ID. l.. Nc
Pherson ard O. y. Broussard, of whom
ID. l.. Mcpherson shall be president, J.
+. Nettles, First Vice President, II. II.
Shackelford, Second Vice President; ).
p. Watts, Secretary and o. \. BrouS-
sard. Treasurer.
The Board of Directors NAV appoint
such Managers, agents, EMPLOYEES anu
sub-oiiiCers as they NAV deem necessary
for the proper management and carry
ing out of the business OF this corpora
ton. and shall likewise fix the COM
pensation of such managers, agents, en-
Dloyees and Sub-otiICerS; to establish all
such laws, rules and regulations which
NAV be deemed requisite for the support,
management and regulation of this cor
poration, to borrow and lend money, to
issue bills of exchange, notes, bonds,
drafts and other negotiable paper, exc
cute MORTGAGES, and generally to do any
and all things incident to the objects
and purposes of this corporation.
ARTICLE VI.
This act of incorporation may be
changed, modified or altered with the
assent of three fourths of the stock rep
resented at a general meeting convened
for that purpose, after thirty days pre-
vious notice of such meeting shall have
been given by advertisement i'll one OF
the weekly newspapers published i'll the
town OF Abbeville, La. Such changes
however, shall be desired in reference
to the capital stock, shall be made in
the manner provided by the Statutes OF
this State relative to such action.
ARTICLE VII.
No stakeholder shall ever be held liza
bic or responsible for the contracts OF
faults of such corporation i'll any further
sum than the unpaid balance due to the
Company on the shares owned by him;
nor shall any mere inforInality in or
ganization have the effect of rendering
this Charter null or exposing a stock
holder to any liability beyond the amount
of his stock.
ARTICLE VIII.
At the expiration of this Charter, or il
sooner dissolved, the affairs of this Cor
poration shall be liquidased by three Ii
quidators, elected by a MA ority of the
stock, present or represented, at meet
ing of the stockholders, determining &c
dissolve or present at the last meeting
that shall be held prior to the expira.
ton of the Charter. Such liquidators
are hereby vested with full powers to
sell any and all assets and property,
both real and personal OF the corpora
ton, and give and grant full and com
plete title thereto, and shall have full
powers and authority to do and per-
form all acts necessary, useful and pro-
per to fully and completely wind up
and liquidate its affairs and distribute
its proceeds, if any, among the
stock holders, and in case of the death
or disability OF one or more of said IL
| quidators the survivors or survivor shall
continue to act.
Thus done and passed at my office in
Abbeville, La, Oh the day, month and
year first above written, in the presence
of Messrs. J. G. Leblanc and !. T.
Brooks both of Nermilion Parish Louis
lana, competent witnesses who have
signed these presents with said ap.
bearers and me, Notary, after due read
ing of the whole.
J. Z. NETTLES
S. p. WATTS.
II II SHACKTT EOPD
Per ). 7. Waits.
B. L. JONES.
d. l.. MCPHERSON.
o. A, BROUSSARD.
Witnesses.
!. O. Leblanc.
J. T. BROOKS.
J. n. GREENE,
Notary Public
SHERIFF'S SALE.
State of Louisiana, Pari d of Vermil.
ion, Seventeenth Judicial District
Court-No. 1911.
Stauffer- Godchaux Co,