St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-03-18

pointed need not necessarily OF
either Directors or stakeholder:
and two or more of their officers
may be merged in one should thu
Board of Directors see fit.
The Board of Directors shall bt
vested with full power and author
ity to make all contracts, pur-
ehases and sales, and to adopt al
bylaws, rules and regulations fol
The conduct of the business of the
corporation, and alter, amend and
change the same at pleasure, ane
in general to do and perform al
things necessary in the transaction
and management of the business ant
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 eorpor-
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.
Sibille, v. Fl. Sibi1le, Frank Sibille,
Roland Sibille, Aaron Perry.
OFFICERS: Jos. A. sibille, Pres
ident; Y H. Sibille, Viee-President;
Aaron Perry, Secretary and Treas
urer.
ARTICLE VT.
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-
vened for such purpose in the man
ner provided in ARTICLE " hereof.
Any change made or proposed
in reference to the capital stock
shall be made in accordance with
the laws of this State on 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-
spectively written opposite their
names the amount of stock sub
scribed for by them in this eorpor-
alton, so that this act of incorpora-
ton may also serve as the original
subscription list Of the corporation.
ARTICLE VIII.
Whenever this corporation shall
be dissolved either from limita-
ton or otherwise, its affairs shall
be liquidated by three 80 commits
sloners, to be elected by the stock
holders at a meeting called for
that purpose in the manner proyid-I
ed for in ARTICLE v Of this
charter, and a majority in amount
OF the capital stock represented att
such meeting shall be requisite to
elect said Commissioners. The
Commissioners shall remain in of
flee until the affairs of the
corporation shall be fully Iiqui-
unless sooner removed by the
stockholders at a meeting duly con-
voked. In case of the death res
lgnation or inability to actof either
or all of said commissioners, the
vacancy or vacancies shall be filled
by election at a stockholders meet
duly called as provided for in
ARTICLE Y hereof, and pending the
election to fill said vacancy or val
cancies and the qualifications Of
new commissioner or commits
'lonersy the survivor or survivors
shall continue to act.
THUS DONE AND PASSED, at my
,ffice in the City of Opelousas, st.
landry Parish, Louisiana, on the
lay, month and year first herein-
hove written, in the presence of
dudley L. Guilbeau and Lila payy.
competent witnesses both Of
awful age and residents Of said
'arish, who have signed hereto to-
with said subscribers and
Notary, after ~duereading of the
fhole.