Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1917-11-03

scribed for.
ARTICLE FOUR.
The corpoiate powers OF the corpor
alton shall be invested in the exercise.
by a Board lof Three Directors, Three
Of which shaH consist of the presiden
vice president and secretary-treasurer
Two Of the laid board shall constitute
quorum f<<$ke transaction of bushes:
and thei kis1ons shall be valid cor
The folio ring persons shall consti-
tute the flint Board of Directors: Will
liam ]. Hol oies, Oliver NJ. Conrad, and
Robert walr Alexander. William j.
Holmes, president, Oliver M. Conrad,
Secretary and Treasurer and K. W.
Alexander Viee President.
The post office addresses of the
above named Directors are as follows:
W. J. Holmes, Ridge, La; o. NJ. Con
rad Abbeyille, La, Il. W. Alexander,
Abbevlle, La
Any stockhblder who has one share of
the capital dtock of this corporation
fully paid aud unpledged may become
a director.
During the absence of the president,
the Vice President shall act AID pre-
side.
Said Board shall continue in office
until the LIST day of September, 1918,
on which date, and thereafter annual
ly board Of directors shall be elected
on September the first unless the same
shall be 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 anoth1 cleo
ton to be held within thirty days and
shall give notice thereof as hereinbe-
fore provided.
At every election and meeting each
stakeholder shall be entitled to one
vote for each share of stock registereI
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
| 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 thl
object of this company or the welfare
of the same
The said Board Of Directors is furth
err authorized to frame and adopt such
of the business Of the corporation may
require and it may deem necessary fol
the conducting and management there
| OF, provided the same shall not contlci
with the charter or with the laws OF
the United States. =,
The sala board shall employ all
officers. agents and clerks as it may
deem necessary for the conduction OF
the business Of the corporation, fix
their compensation, term of service VIII
the right to dismiss them, at the SAID
Boards pleasure; and said Board shall
have the right to fix and determine
the salaries Of the several officers here
in provided fog
ARTICLE SIX.
This character may be changed, Inodi
fed, or amended, the Capital Stock
increased or decreased, or this corpora
ton may be dissolved at general
meeting of the stockholders convened
for the purpose with the assent of three
fourths Of thd entire capital stock
whether present or represented at such
In case Of dissolution or termination
of this corporation, either by limita'
tioa Of III shs3tss " ssQm any cause