Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1917-10-27

the capital stock shall have been sub
scrib}d for.
ARTICLE FOUR.
The corporate powers of the corpof
alton lshall be invested in the exercise
by aboard of Three Directors, Three
Of which shall consist of the president
vice president and secretary-treasurer.
Twot the said board shall constitute
8 qudrum for the transaction of business
2sda tAoia eseisa0Rs shall BE- valid cor;
pora6e acts. .
The following persons shall consti-
tute the first Board of Directors: Will
liamJ. Holmes, Oliver NJ. Conrad, and
Robert Walker Alexander. William j.
Holmes, president, Oliver NJ. Conrad,
Secretary and Treasurer and r. W.
Alexander Vice President.
The post office addresses of the
above named Directors are as follows:
W. J. Holmes, Ridge, La; o. NJ. Con-
rad Abbeville, La, R. W. Alexander,
Abbevlle, La.
Any stockholder who has one share of
the capital stock of this corporation
fully paid and unpledged may become
. director.
During the absence of the president,
the Vice President shall act and pre-
side.
Said Board shall continue in office
until the LIST day Of September, 1918,
on which date, and thereafter annual
ly 6 board Of directors shall be elected
on September the first unless the same
shall be a holiday when the election
shall be held on the next legal day there
after.
Notice Of such election shall be Civ
en- by registered letter directed by the
Secretary-Treasurer to each of the
stockholders of the corporation. And
failure from any cause whatever to
elect the directors the day named for
that purpose shall not dissolve the cor
poration; but the directors then in Of
flee shall hold over until their success
sors are chosen. In such event the
President shall cause @nothD cleo
ton to be held within thirty days and
shall give notice thereof SO hereinbe-
fore provided.
At every election and meeting each
stakeholder shall be entitled TO one
vote for each share Of stock registered
in his name and may vote by proxy.
The election of directors shall be by
ballot and the majority In amount of
votes cast, each share Of stock voted
to be counted for one vote shall elect
the person or persons for whom they
have been cast. After each election
the Board of Directors shall elect from
their own number the officers of the said
Company.
ARTICLE FIVE
The Board of Directors shall have
power to fill vacancies in their number
bv death. resignation or otherwise, from
among the stockholders of the corpora
ton.
The said Board of Directors shall
have full control of the property or
this Company, and so conduct, manage
and use the same as in their discretion
deem Mt and that is consistent with the
object-of this company or the welfare
of the same
The said Board of Directors is fufth-
er authorized to frame and adopt such
of the business Of the corporation ma
REQUIRE and Ii may deem necessary for
the conducting and management there
Of, provided the same shall net conflict
with the charter or with the laws OF
the United States. =,
The saiu board shall employ all
officers. agents and clerks as it may
leem necessary for the conduction OF
the business Of the corporation fix
their compensation, term of service with
the right to dismiss them, at the said
Boards pleasure; and said Beard shall
have the right to fix and determine
the salaries of the several officers here
IN provided for.
ARTICLE SIX.
|. This eharcter NAV be changed, mod
fed, or amended, the Capital Stock
increased or decreased, or this corpora.
ton may be dissolved at a genera!
meeting Of the stockholders convened
for the purpose with the assent of three
fourths Of the entire capital stock,
whether present or represented at such
meeting.
In case Of dissolution or termination
Of this, corporation, either by hmita'
ton of,iss charter, OF from any cause,