Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1917-07-07

Iievc pain only, bat after the pain has .
been relieved may prevent its rccur-
renee. Obtainahlc everywhere. Adv.
objects and purposes.
ARTICLE ".
The Capital Stock of this Corpora
ton is hereby fixed at the sum Of Fifty /
thousand Dollars, represented by five .
thousand shares Of the par value of .
Ten Dollars each, which capital stock .
may be increased or decreased in the .
manner provided Ivy the laws of the
State of LouIsianl. This corporation |
shall be going concern as soon as |
Twenty-Five Thousand Dollars of the /
capital stock is subscribed, and fifty /
per cent of the subscribed stock paid !
in. This stock shall be paid for in
cash or it's equivalent in personal or
real property received, services render F.
ci, or labor performed, in such manner
and on such terms as may be fixed by |
the Board Of Directors; but no Certi6 |
cate shall be issued for said stock
until the same has been paid for. At
all elections, each share shall be Ell
titled to one vote, to be voted either
by the holder or his proxy.
No shares Of the capital stock of the
Corporation shall be transferred except
upon the books of the Corporation,nor
until the Certificate of stock shall have
been delivered to the Corporation and
duly cancelled. All Certificates of stock
shall bear the seal of the Corporation,
and be signed by the President and
Secretary.
ARTICLE V.
All the powers of said Corporation
shall be vested in and exercised by the
Board of Directors composed of not less
chan four members nor more than fiji
cen members. The additional mem
5crs of four to be added from time to
Directors until the full number of ff-
teen is named. Each director must hold
one share of said corporation cOntinu-
ously during the incumbency of his
office. Said directors to be elected at
a general meeting of the stock holders
on the first Wednesday of March, 1918,
and thereafter to be elected at such
meetings on the first Wednesday of
March of each year. Notice of such
election shall be published in a news
paper published at Abbeville. La, three
times, the first notice to apper at least
fifteen days preceding such election.
All elections shall be held at the Office
Of said Corporation, at Abbeville, La,
under the supervision of three stock
holders appointed for the purpose; by
the Board of Directors at its regular
meeting preceding the date of such
election. Failure to hold the election
On the date specified shall not cause or
'perate a dissolution of this corpora
ion, but the Directors shall hold over
until their successors are elected and
Installed. Vacancies occurring on the
,aard from any cause whatever shall
De filed by the remaining directors
rom among the stock holders qualified
10 serve as directors. Three directors
shall constitute a quorum to transact
any and all business of the corpora
zion. Meetings of stockholders not |
herein provided for shall be called in
the manner and upon such notice as
may be provided in the bylaws of said
corporation.
Each Board of Directors at its first |
meeting shall elect from its members /
president, vice president, treasurer,
AID from its members or its stockhOld |
rs of this corporation, a secretary. The
ioll)wing named persons shall cohsti-
tute the first Board of Directors end
they are vested with all the rights,
powers and duties herein specified and
shall continue in Office until their sue
cessors shall have been elected aGd in
stalled as hereinbelore provided, to-
wit: S. 7. Watts, II. a. Eldrcdge,
George NJ. Eldredge, Dr. r. =. MAYER,
f whom DR.. II. A. EldrcGgs shall be
rrt'ident DR.. r. A. Maye., first vice
president, and George VI. Eldrcige,
second vice-president; :. i. Watts,
secretary and treasurer. TLe RJard If
Directors may appoint such managers,
agents, employees, and sub-ofiiceIa, as
they may deem necessary for the prop
er management and carrying out ofthc
business Of this corporation, and 10
likewise fix compensation OF such
managers agents, EMPLOYEES, and SUBJ
officers; TO establish all such laws, rulei
and regulations, which may be deemed
requisite for the support, management
and regulation of this corporation, to
borrow and lend money, TO issue bills
u exchange, notes, bonds, drafts, and
other negotiable papers, execute mort
s-rcs, and generally DO any ard all
.hings incident TO tho objects and pur-
poses Of THE corporation.
ARTICLE VI
This act Of Incorporation msy be
chorcad. modified. or altered with the
assent OF threc-fourths of tine stock
Represented ut a general meeting con-