The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-04-14

amounting to one per cent thereof and fba.s5#
in. and being valued at twenty-five datIaas n
1s251.
No stakeholder shall have the r;sh4
sell or transfer his stock in the cornarst;s =
without giving to the corporation tbrastss VI
its secretary treasurer, fifteen DAYS ~
notice in writing of such intention and H. II.
stockholders shall have the first priyitsas
of purchasing said stock at the book ya,k#
thereof for period of fifteen days from s sns
after the date Of said notice. ~
ARTICLE FIVE.
All the powers of the corporation shall H. 4
vested in and exercised by a board Of i; II
rectors to be composed of three stockbotaass1a
to be elected annually on the third Satirdas.=
of February of each year, beginning in II.
year 1918. A majority of the board shall
cons titute quorum for the transaction II
any and all business of the corporation All
such elections shall be made at the Office
of the corporation and shall be by bafas
under the supervision of a commissioners -
be appointed by the board Of directnrs
Notice of such elections shall be dehvaraa
to each stakeholder in person, OF by deposit.
ing in the postoffice written notice theraaf
properly addressed to the stockholder at III
last known address, at least fifteen days IA
fore the date of the holding of said election
Other stockholders meetings may ba heI5
when ordered by the board of directors ~
when ordered by the holders of twenty ava
per cent of the outstanding capital stock II
The corporation At all elections and ut All
meetings of the stockholders each stoek
holder shall be entitled to one vote for each
share Of the capital stock standing in h,s
name on the books of the corporation ana
a majority of the votes cast shall seet
Any vacancy occurring among the directors
by death, resignation or otherwise, shall IL
filed for the remainder of the term by tina
other directors. A failure to elect directors
on the date specified above shall not dis.
solve the corporation nor impair its corporate
management, but the officers and direetors
then in office shall continue and remain III
office until their successors are elected and
qualified. The board of directors shall elect
from among their number at their first
meeting after election president, i vice
president and secretary treasurer, all Of
whom shall be stockholders of the corpora.
lion The board of directors may from Tina
to time name and appoint such managers.
clerks. agents and other employees they
may deem necessary for the purposes and
business Of the corporation, and fix their
compensation. They may also adopt as well
as amend and alter at pleasure, by-aWs8
rules and regulations necessary for the man
agement of the business Of the corporations
ARTICLE SIX.
This act OF incorporation may be modified
or amended or the corporation may be dis
solved with the assent of two-thirds Of the
capital stock at a meeting OF the stock
holders convened for that purpose after due
notice as provided for the calling OF meet
ings of stockholders for the election Of d.
rectors and whenever the corporation il
dissolved, either by law or otherwise. its
affairs shall be hquidated by one more
Iiauidators VINO shall be elected from among
the stockholders at general meeting 0f
the stockholders. said lIquidatofs shall res
main in office until the affairs of the eorpo-4
ration shall have been fully hquidated and
settled In case of the death OF on inability
of one of the hquidators to act, the remain
in. Iiauidators shall continue to act. Amy
changes proposed to be made in reference
to the objects and purposes OF the corpora
ton or to the capital stock, shall be made in
accordance with the laws of the state sf
Louisiana on the subject.
ARTICLE SEVEN.
No stakeholder shall ever be held liable
for the contracts or torts OF the corpora
ton in any further sum than the unpaid
balance due by him the1tshares Of the
capital stock of the cosfpogtion owned by
him. nor shall any mere informally in err
aanization have the effect of rendering this
charter null and void of exposing stock
holder to any liability beyond the uapsaa
balances which may be due on his stock.
ARTICLE EIGHT
The following stockholders have been
chosen and elected to comprise the Arst
board of directors of the corporation, nans-3
". Alphonse Kahn, Donaidsonville. Lsuisi-8
ana. Henry L. Well. Donaldsonvie, Louisi.4
ana, and William Blumenthal. DonaldssA-
VILE, Louisiana. who shall serve as such
until the third Saturday in February. lSlss
or until their successors are elected and
William Biumenthal as vice president, and
Henry l.. Well as seeretary-treasurer, Whs5
shall serve as such until their successors
are elected and qualified.
The subscribers hereto have respectively
written opposite their names the ameunt
Of fully paid up capital stock subscribed Ter
by them. so that this act of incorporation
shall serve as the original subscription list.
Thus done and passed. parish OF Asesa.
sion. state of Louisiana. on this goth day sf
March, 1877 in the presence of Albert HAS
chard and George Pfster. lawful and eesass
petant witnesses, who, together with said
appearers and me, notary, have signed these
presents after due reading of tae whole.
HENRY l.. WE'LL, so shares;
ALPHONSE KAHN, AZ shares;
WILLIAM BLUM ENTHAL, share.
Witnesses:
ALBERT BLANCHARD.
GEO. PFISTER.
r. J. CHAUYIN,
Notary Public.
State of Louisians, Parish of Ascension
L hereby certify that the above and forss
going act of incorporation of the Kahn. Wssi#
Company Incorporated, this day duly
recorded in Book of Charters of the parish
OF Ascension No. /, at folio s.
Parish of Ascension, La, this q 9th day o
March, 1877.
l. I'D. FERNANDEZ