Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1916-04-01

4
Shall be held at the Office of said COrpo-
ration at Abbevillc, La, under the su-
pervision of three stockholders appoint
cd for the purpose, by the Board OF D1-
rcctors at It's regular meeting proceed
ing the date of such election. Failure
TO hold the election on the date specl-
fed shall not cause or operate a dissolu-
ZION 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 filed by the re-
manning Directors from among the
Stockholders qualified to serve as DI-
rcCtUrS. Three directors shall COnsu-
tutc a quorum 10 transact any and all
business of the Corporation. Meetings
of stockholders not herein provided tor
shall be called in the manner and upon
such notice as MAJ be provided III the
By LAWS OF said Corporation. Each
Board of Directors, at its first meeting,
shall elect from lis members, President
Vice President and Treasurer and from
its members or d stakeholder of this
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:
!. +. Nettles, S. Z. Watts, II. II.
Shackelford, b. T.. Jones and ID. l.. Nc
Pherson and .. \. Broussard OF whom
| ID. l.. Mcpherson shall be president, J.
+. Nettles, First Vice President, II. II.
| Shackelford, Second Vice President; ).
! z. Watts, Secretary and .. \. Brous-
/ sard, Treasurer.
The Board of Directors may appoint
! such Managers, agents, EMPLOYEES and
sub-offiCers as they NAV deem necessary
( for the proper management and carry
J ing ont of the business of this corpora
ton. and shall likewise fix the COM
pensation OF such managers, agents, EN-
plovees and sub-oficers; 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 ation.
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
"a, e
the weekly newspapers published i'll the
town of Abbeville, La. Such changes,
however shall be desired i'll reference
to the capital stock, shall be made i'll
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 i'll any further
sum than the unpaid balance due to the
Company OH the shares owned by him;
nor shall any mere informality in or
ganization have the effect of rendering
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 Ii
quidators, elected by majority of the
stock, present or represented, at a 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 ard personal, OF the corpora
ton, and give and grant full and COM
plete title thereto, and shall have full
powers md 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 i'll 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
Abbevile, La, on the day, month and
year first above written, in the presence.
of Messrs. ]. c. Leblanc and J. I.
Brooks both of Vermilion Parish Louis
lana, competent witnesses who have
signed these presents with said APP
bearers and me, Notary, after due read
ing of the whole.
]. +. NETTLES
5. z. WATTS.
H. H. SHACKELFORD.
Per S. Z. Watts
B. E. JONES.
d. l.. MCPHERSON.
.. A. BROUSSARD.
Witnesses.
]. g. LEBLANC.
]. T. BROOKS.
J. n. GREENE,
Notary Public.
SHERIFF'S SALE.
State of Louisiana, Pari of Nermil-
ion, Seventeenth Judicial District