St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-03-25

pointed need mol necessarily ~
either Directors or stockholders
and two or more of their Officers
may be merged in one should thu
| Board of Directors see fit.
The Board of Directors shall b
vested with full power and author
ity to make all contracts, pur-
chases and sales, and TO adopt al
bylaws, rules and regulations fol
| the conduct Of the business OF tn
corporation, and alter, amend ant
change the same at pleasure, ant
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 Q.
: Directors each Director, including
the President or presiding officer
| shall be entitled to one vote.
The following named persons
shall constitute the first Board o.
Directors and officers OF the corpor,
alton under this charter, and they
shall hold their Offices until thu
18th day Of January, 1917, or unit
their successors are elected ane
qualified, viz:
BOARD OF DIRECTORS: Jos. A
sibille, v. H. sibille, Frank sibille
Roland Sibille, Aaron Perry.
OFFICERS: Jos. A. Sibille, Pres
ident; v. H. sibille, Vice-President
Aaron Perry, Secretary and Treas
urer.
ARTICLE VI.
This act OF incorporation may b.
modified, changed OF altered, o.
said corporation may be dissolved
with the assent Of th~ree-fourths o.
the capital stock represented at
meeting Of the stockholders con-
vened for such purpose in the man
ner provided in ARTICLE v hereof
Any change made OF proposed
in reference to the capital stocl
shall be made in accordance witt
the laws Of this State on the sub
ject OF altering the capital stock o.
corporations.
ARTICLE VII.
No stakeholder shall ever be helG
liable for the faults, contracts OF
obligations Of this corporation il
any further sum than the unpaie
balance, il any, due to the corpora
ton on the shares subscribed fol
or owned by him, nor shall any
mere informality in organization
have the effect of rendering thi!
charter null or exposing any stock.
holder to any liability beyond thu
unpaid balance due on his stock
The subscribers hereto have re.
spectively written opposite theil
names the amount Of stock sub
scribed for by them in this corpor.
alton, so that this act of incorpora.
ton may also serve as the origina
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 81 commits
sioners, to be elected by the stock
holders at a meeting called fOl
that purpose in the manner provid-
ed for in ARTICLE v of this
charter, and a majority in amount
of the capital stock represented al
such meeting shall be requisite tt
elect said Commissioners. The
Commissioners shall remain in Of
flee until the affairs Of the
corporation shall be fully Iiqui-
dated, unless sooner removed by the
stockholders at a meeting duly con
voked. In case of the death res
ignation or inability to act of either
or all of said commissioners, the
vacancy or vacancies shall be filled
by election alta stockholders meet
ing duly called as provided for in
ARTICLE Y hereof, and pending the
election to fill said vacancy or va
cancies and the qualifications OF
the new commissioner or commits
sioners,, the survivor or survivors
shall continue to act.
THUS DONE AND PASSED, at my
Office in the City Of Opelousas, ST.
Landry Parish, Louisiana, on the
day, month and year first herein
above written, in the presence OF
Dudley Z. Guilbeau and Lila pavy,
two competent witnesses both OF
lawful age and residents of said
parish, who have signed hereto to-
gether with said subscribers and
me, Notary, after duereading of the
whole.
RESIDENCE