The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-02-02

handle them and deal therein: to construct
and operate comnlissaries, boarding houses,
hotels, warehouses and general stores; to
deal in merchandise Of all sorts, both at
| wholesale and retail: to operate dairies; to
| r1ak6 advances for the cultivation Of lands
! to dsgelop, produce. market and deal iss min
erals& to acquire and hold, sell. en&amber
or dispose of stocks and bonds of other
| companies to the extent permittA by law:
| to hold 3tock III other companias; to ex-
| change ifS entire capital stock, IL any part
thereof. for property which it is authorized
| to acquire. or to exchange its entire assets
and business, any part thereof. for prop
crty, stocks, bonds or other obligations of
| other companies; to deal in agricultural COM
| rodities of all kinds: and generally, to do
! all such acts or things as may be necessary,
of any of the foregoing objects and pur-
poses. s4A5s
ARTICLE ".
The capital stock of this corporation is
| hereby fixed at the sum Of three hundred
thousand ts3OO,0O0) dollars, divided into
three hundred (3oe9 shares Of the par value
of hundred $1,000 dollars per share.
The amount of stock may be increased to
tive6nundred thousand $500. O00) dollars.
III f,sshole or any portion Of said stock may
b. issued and delivered to any person. hfh
OF corporation for the acquisition of tie
ri<s, privileges or property owned or cd.A-
trolled by such person, firm corporation,
for the fair value thereof as appraised by
|
rectors hereinafter created is specially au-
thorized to issue and dispose Of the stock
for any and all purposes as in it's Judgment
may seem fair and proper.
ARTICLE ".
All the powers of this corporation shall be
vested in and exercised by q board composed
of not less than three t31 nor more than
seven tD directors. The precise number
of directors within said limit shall be fixed
by the vote of the stockholders at the annual
meeting, or at g special meeting called for
that purpose. Said board of directors shall
be elected annually by ballot, at stockhold-
ers' meeting called for that purpose on the
second Monday in February oaeach year, Tor
the next legal day. il that be d holiday. af-
ter due notice given to the stockholders by
mail. at least fifteen days before the date Of
said meeting. Each holder of stock shall be
entitled to one VOTE for eaeh share of stock
standing in his name on the books of the
company, said vote to be cast in person or
shall elect. The board Of directors shall
have the power to ill all vacancies which
may occur or In any manner arise or be
created on the board, even though no quorum
remain at the time such vacancies are to be
filed. Failure to elect directors On. the day
above specified shall not dissolve the cor
poration, but the directors then in Office shall
remain in office until their successors IRE
elected and qualify The board shall elect
from their number president, vice presi-
dent and secretary; provided, that the board
may dispense with any Of said Offices and
or may combine any Of themfaand or may
elect such oths7 officers fwhos need not be
members of thu board or stoi kholdera) as
they think pre- per or converEent for the
carrying on of the conpany's business, and
they shall fix the salaries Of all officers.
agents and employees. At any meeting of
the board Of directors any director absent
from the meeting may be represented by any
other director. who may cast the vote "of
the absent director according to the written
either general or special, of said
absent dir{ tor. THE beard Of frectors
shall have Authority to make and establish, |
rs well as alter and amend. all bylaws, |
rules and regulations necessary and proper |
for the support and management of the /
business and affairs OF the corporation and !,
not inconsistent with this charter; and they |
shall have power TO authorize the borrowing I
IF money and the issuance of notes and the |
execution of mortgages and pledges, and gem
orally to do all things necessary or con- |
veggsent for the proper carrying on Of the
business OF the corporation.