Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1917-10-20

the capital stock shall have been sub,
scribed for.
ARTICLE FOUR.
The corporate powers of the corpor
alton shall ibe invested in the exercised
by a Board sof Three Directors, Three
Of which stkn consist of the president
vice -preside7f and secretary-treasurer.
Two of the laid board shall constitute
|f quosrs-- k1s hertransaction Of business
and ~ -shan be-vallii 81.
porate acts.
The following persons shall consti.
tute the first Board of Directors:
liam ]. 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, K. W. Alexander,
Abbevlle, La.
Any stakeholder who has one share of
the capital stock of this corporation
fully paid and unpledged may become
q 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 a 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 anothD cleo
ton to be held within thirty days and
shall give notice thereof as hereinbe-
fore provided.
At cry election and meeting eac,
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 b
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 the
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
by death, resignation or otherwise, from
among the stockholders of the corpora
ton.
The said Board of Directors shall
have full control of the property of
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 furth
er authorized to frame and adopt su"h
Of the business of the corporation ma
require ard il may deem necessary for
the conducting and management there
Of, provided the same shall not conflict
With the charter or with the laws OF
the United States.
The salu board shall employ oil
officers, agents and clerks as 1t may
deem necessary for the conduetion 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 Board shall
have the right. to fix aud determine
the salaries Of the several officers here
in provided for.
ARTICLE SIX.
This charcsef may be changer, modi-
fed, or amended, the Capital Stock
increased or decreased, or this corpora
ton may be dissolved at q general
meeting of the stockholders convened
for the purpose with the assent of three
foarths Of The. entire capital stock,
whether present. or represented at such
meeting.
In case Of dissolution or termination
cf this cospofdtion, either by limita
ton Of it, chsstsf, or from any cause,