Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1916-02-26

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first notice to appear at least fifteen days
nreceeding such election. All elections
! Shall be held at the office of said corpo-
ration at Abbeville, La, under the SUI
neryision of three stock holders appoint
| ed for the purpose, by the Board OF III
rectors at its regular meeting proceed
| ing the date of such election. Failure
| to hold the election OH the date specl-
! fed shall not cause or operate dlsSolu-
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 Consti-
tute quorum TO transact any and all
| business of the Corporation. MeetiHgs
| 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, a President
| Vice President and Treasurer and from
! its members or a stakeholder of this
| Corporation, Secretary.
The following named persons shall
constitute the first Board of Directors,
and they are vested with all the rights,
! bowers 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. +. Jones and ID. l.. Nc
! Pherson and .. A. Broussard, of whom
! ID. i. Mcpherson shall be president, J.
+. Nettles, First Vice President, II. II.
! Shackelford, Second Vice President; S.
p. Watts, Secretary and o. A. BrOus-
sard, Treasurer.
The Board of Directors NAV appoint
such Managers, agents, EMPLOYEES and
sub-ofiicers as they may deem necessary
I 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-
ployees and sub-ofhcerS; to establish all
such laws, rules and regulations which
may 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 corpoi alton.
ARTICLE VI.
This act of incorporation may be
changed, modified or altered with the
assent of three fourths of the stock rep
resented at general meeting convened
for that purpose, after thirty days pre-
vious notice of such meeting shall have
been given by advertisement Ill one OF
the weekly newspapers published in the
town of Abbeville, La. Such changes,
however, shall be desired i'll 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
| BILE or responsible for the contracts or
| faults of such corporation in any further
sum than the unpaid balance due to the
Company on the shares owned by him;
nor shall any mere inforfnality i'll 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 if
sooner dissolved, the affairs of this Cor.
poration shall be liquidased by three IL
quidators, elected by majority of the
stock, present or represented, at meet
ing of the stockholders, determining to
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
it's proceeds, if any, among the
stock holders, and in case of the death
or disability of one or more of said Ii
quidators the survivors or survivor shall
continue to act.
Thus done and passed at my office in
Abbeville, La, on the day, month and
year first above written, in the presence.
. IL l..
Brooks both of Vermilion 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.
H. II. SHACKELFORD.
Per S. Z. Watts.
B. +. Jones.
d. l.. MCPHERSON.
.. A. BROUSSARD.
Witnesses.
]. q. LEBLANC.
]. I. BROOKS.
J. n. GREENE,
Notary Public.
Registration Places.
Notice is hereby given, that for the
purpose ofregistering voters, who are