Abbeville progress., 1918-09-07

wares and merchandise of every dcscrip-
ton; to purchase, own, hold sell ex-
change, buildupou, rent and mortgage.
real estate, improved and unimprUyel,
rural or urban, especially to conduct
and carry on general mercantile bus
mess, wholesale and retail, and general
ly to do any and all things and exercise
any and al other powers which are now
or may herafter be permitted by the
laws of the State or Louisiana relative
to the organization Of corporations.
ARTICLE FIVE.
-sfFiV~ business and affairs of this cor.
poratlon shall be managed by a Board
of -Four "a Directors, and all of the
powers of this corporation, without res
friction, shall be vested in and exer-
ised by said Board of Directors, Each
director shall own in his own right, at
all times during his term of office, at
least one full-paid and unpledge share
II the capital stock. Said Board of Di-
TectOrs shall be elected annually on the
first legal day of the month of August
Of each wear, the first election to be-
1eld in the year 1919. TIE said direc-
rors shall elect from their number, a
resident, n Vice President and Sccre
rarv-Treasurer. They may appoint other
agents and employees, who may he re
moved at the pleasure Of said directors.
They shall also have power to fiji amv
vacancy iii their number.
The directors shall be elected at a
stakeholder s meeting held at the domi-
tile Of the corporation, and notice Of
said meeting shall be delivered person
ally or by depositing in the postoflicc,
properly addressed, to each stockholdcr,
IT least fifteen days before such meet
ing. Other stockholders meetings may
be held when ordered by the Board of
Directors or upO ndcmand of twenty
five per ccntum of the outstanding stock,
notice of such meetings to be given as
prescribed for meetings to elect lirec:
ors. Each stockholder shall at every
stockholders meeting be entitled to
one vote, in person or by written proxy,
for each shart Of the capital stock held
by him, or he may send his vote by
letter, the signature of which must he
acknowledged before a Notary Public ,
or other officer authorized to take aft (
davits. The stockholders shall have the I
right of cumulative voting in the elec
ton of directors.
Until the next general meeting to |
be le1d under this Charter on the first (
legal day in the month Of August, 1919, |
the Board Of directors shall bc compos !
ed Of Mrs. d. Silverman, r. J. Leblanc, !
II. NJ. Lcndintahl, and Melvin /. Walff. /
with /
Mrs d. Silverman, Of AbbeviIle, La !
ID #
Vile, La, aS Vice-Prpsident, and Mel !
viH L. Wolff, of AbbeviIIe, La, az See
rotary treasurer; II. VI. Lindentahi,
1dn Vice-President, of Chicago, I'll.
The President, or in his absence the
Niro President, Of this corporation,
shall have the power in the name and
in behalf Of the corporation to author
ze the institution Of any suit or legal
in tn nam Of th CORPORA
ton, to uth3rizc the institution Of any
suit or other legal proceedings, in the
lamc Of the corporation, as authorized
by Section 16 Of Act No. 267 Of 1914.
ARTICLE SIX.
At q meeting Of the Stockholders duly
'alled FOR the purpose, by the vote II
.wo thirds Of Rll its stock, these art1-
les Of Incorporation may be amended,
modified or changed, In eny manner
comfortable 20 the laws Of this State,
including The increase or decrease Of
- capital stock Provided, however,
hat the objects and purposes Of jncor
,oration shall not be changed, and the
.apital stock shall not be Increased TO
uore than the maximuBi permitted by
his charter, nor decreased to less than
he corporate indebtedness. 4 change
n objects and purposes may, however 4
,e voted by 81 stock issued, and an in ;
r2ase of the capital stock In excess Of
he amount named a. the sum to which.
he capital stock may be in creased may
,e made bv thrce-fourths Of all its
stork. It
Certificates Of Amendment shall be J
xecuted and flied in the same manner
5 these original articles Of incorpora' J
ION.
Whenever in the Judgment OF the e
soard of Directors 1t shall be deemed ,
dvisable, and for the benefit Of this
orporation, that it should be dissolved, q
he Board within ten days after the
dopsIop Of q resolution to that effect,