Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1916-03-04


ration at Abbeville, La, under the SUI
pervision of three stockholders appoint
ed for the purpose, by the Board OF III
rectors at its regular meeting proceed
mo the date of such election. Failure
70 hold the election on the date speCl-
fed shall not cause or operate dissolu-
ton of this corporation, but the DlreC-
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-
naming Directors from among the
Stockholders qualified to serve as Dl-
reCtOrs. Three Directors shall constl-
tute quorum to transact any ana ali
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 i'll the
BY LAWS of said Corporation. Each
Board of Directors, at its first meeting,
shall elect from its members, President
Vice President and Treasurer and from
its members or a stakeholder OF TINS
Corporation, a 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 i'll office until their sue
cessors shall have been elected and
installed, as hereinabove provided, to-
wit:
I. +. Nettles, S P. Watts, II. II.
Shackelford, b. i. Jones and ID. l.. Nc
Pherson and o. \. Broussard, of whom
ID. l.. Mcpherson shall be president, J.
Z. Nettles, First Vice President, II. II.
Shackelford, Second Vice President; 5.
p. Watts, Secretary and o. \. Brous-
sard, Treasurer.
The Board of Directors NAV appoint
such Managers, agents, EMPLOYEES and
sub-officers 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-
! Dlovees and sub ofhCerS; 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-
yious notice OF such meeting shall have
been given by advertisement i'll one O
the weekly newspapers published Ill TIE
town of Abbeville, La. Such changes
however, shall be desired in reference
to the capital stock, shall be made IL
the manner provided by the Statutes o
this State relative to such action.
ARTICLE VII.
No stakeholder shall ever be held liza
Bile or responsible for the contracts o.
faults of such corporation Ill any turthe
sum than the unpaid balance due to thu
Company on the shares owned by him
nor shall any mere informality Ill or
ganization have the effect of renderin,
this Charter null or exposing a stock
holder to any liability beyond the amour
of his stock.
ARTICLE VIII.
At the expiration of this Charter, or i
sooner dissolved, the affairs of this Cor
poration shall be liquidased by three Ii
uuidators, elected by a majority of tn
stock, present or represented, at meet
ing of the stockholders, determining t,
dissolve or present at the last neetin,
that shall be held prior to the expira
ton of the Charter. Such liquidator
are hereby vested with full powers t,
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 VI
and liquidate its affairs and distribute
it's proceeds, if any, among tn
stock holders, and i'll case of the dealt
or disability of one or more of said Ii
ouidators the survivors or survivor shall
continue to act
Thus done and passed at my office il
Abbeville, La, on the day, month ant
wear first above written, i'll the presence
of Messrs. ]. G. Leblanc and J. T
Brooks both of Vermilion Parish Louis
lana, competent witnesses who hav
signed these presents with said ap
bearers and me, Notary, after due read
ing of the whole.
]. +. NETTLES
S. P. WATTS.
H. H. SHACKELFORD.
Per S. z. Watts.
B. L. Jones.
d. l.. MCPHERSON.
o. A. BROUSSARD.
Witnesses.
]. G.. LEBLANC.
]. T. BROOKS.
J. n. GREENE,
Notary Public
Registration Places.
Notice is hereby given, that for tn
purpose ofregistering voters, who ar
| NOT reuiStara1 v-;1l ba Il g.