Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1917-07-21
objects and purposes.
ARTICLE ".

ed, or labor performed, IN such manner
and on such terms as may be fixed by
the Board Of Directors bu; no Cortiii-
cate shall be issued for said stock |
until the same has been paid for. AT
all elections, each share shall be en-
Titled to one vote, to be voted either
Dy the holder or his proxy.
No shares of the capital stock of the
corporation shall be transferred except
upon the books of the Corporation, mon
until the Certificate of stock shall have
DeeA deliyered ~ the Corporation anu
July cancelled. All Certificates of stock
hall bear the seal of the Corporation,
aud be signed by the President anu
secretary.
ARTICLE Y.
AL the powers Of said Corporation
hall be vested in and exercised by the
5oard Of Directors composed of not less
han four members nor more than fl
cen members. The additional mem
oers Of four to be added from time to
line at the discretion of the Board Oh
directors until the full number of fit
zen is named. Each director must hold
one share of said corporation continu-
Jusly during the incumbency Of his
office. Said directors to be elected al
/ general meeting Of the stock holders
IN ba "Wednesday oc March 1Q1S
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
lines, the first notice to apper at least
fifteen days preceding such election.
If said Corporation, at Abbevilie, La,
Lnder the supervision OF three stock
holders appointed for the purpose; by
he Board of Directors at its regular
meeting proceeding the date of such
election. Failure to hold the election
III 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
BOARD from any cause whatever shall
Je filed by the remaining directors
rom among the stock holders qualified
20 serve as directors Three directors
shall constitute quorum to transact
any and all business of the corpora
ion. Meetings of stockholders not
herein provided for shall be called in
he 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. viee-president, treasurer,
and from its members or its stOckhold-
RS of this corporation, secretary. The
following named persons shall cohsti-
ute the first Board of Directors end
hey are vested with all the rights,
powers and duties herein specified and
shall continue in Office until their sue
cessors shall have been elected acd in
stalled as hereinbeGore provided, to-
wit: S. Z, Watts, II. \. ElJrcdge,
George NJ. Eldredge, Or. r. y. Mayer,
f whom DR.. H. 4. EldreGg5 shall he
,rC' ident; DR.. r. A. Nave, first vice
president, and George NJ. Eldreugc,
second vice-president; :. j. Waits,
secretary and treasurer. TIE Board If
Directors may appoint such managers,
agents, employees and sub-ofioela, as
they may deem necessary for the prop
er management and carrying out Ofthc
business of this corporation, ami 10
likewise fix compensation Of such
managers, agents. employees, and sub
| officers; to establish all such laws, rules
and regulations, which may be deemed
requisite for the support, management
and regulation of this corporation, to
borrow and lend money, to issue bills
OF exchange, notes, bonds, drafts, and
other negotiable papers, execute mort
cages, and generally do any and all
things incident to the objects and pur.
poses Of this corporation.
ARTICLE VI.
This act of incorporation may be
changed, modified, or altered with the
assent of three-fourths of the stock
represented at a general meeting con
vened for that purpose, after thirty
days previous notice of such meeting
shall have been given, by advertise
ment in one Of the weekly newspapers
published in the Town Of Ab5evillc,
La. Such changes, however, shall be
desired in reference TO the capital
stock, shall be made in the manner pro-
vided in the statue OF this State reia.
/ tive to sach action