The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-01-05

set opposite their names and this act serv-
ing AZ the original subscription list, and the
E1ncorporatorS have annexed hereto an acc
curate. detailed and itemized description Of
the aforesaid property, as to amount loca-
tions extent. character and stat Of improve
ment, together with statement OF it's value
as appraised by the board Of directors and
as is subscribed and rendered in payment for
the capital stock.
The capital stock of this corporation may
be increased to twenty five thousand dollars,
/ ($25, 100000. ssss
ARTICLE ".
The domicile of this corporation shall be
at Donaldsonville. Louisiana, provided, how:
ever, that with the written consent of all of
the directors hereinafter provided for, valid
meetings of the directors may be held else
where than at the domicile.
ARTICLE v.
/ A The management of the business and af-
fairs Of this corporation shall be vested in and
exercised by a board Of directors composed
of three stockholders any two of whom shall
constitute quorum for the transaction of
business, and each of whom shall own, in his
own right, at least one unpledged share Of
stock in this corporation.
They shall be elected by the stockholders
at an annual election to be held on the seq
ond Friday in the month Of February Of
every year, notice of said meetings to he
delivered personally or by depositing same il,
the postoffice. properly addressed to each
stakeholder, at least ten days before said
meetings. A majority vote shall be neces-
sarf for an election, and any vacancy oc-
curing on the board of directors shall be fill
ed by the remaining members until the next
election.
Failure to elect board of directors shall
not dissolve the corporation and the officers
and directors then in office shall hold office
until their successors are duly elected and
qualified Meetings of the board of directors
may be held at any time as the business of
the corporation may require.
a Following each election If fha hnard mr. HI.
rectors as herein provided for, the newly
elected board shall meet and organize by Sc
iecting from their number president, vice
president, and q secretary and treasurer.
The Offices Of secretary and treasurer may
be combined and held by one person. and the
president and vice president Of this corpora
ton may also hold either one of the said
offices. 7#5
p Until the first annual election under this
charter, the following shall constitute the
board OF directors, viz: Charles Wiggin.
who shall be president and treasurer; Joseph
B. Castagnos, who shall be vice president and
secretary, and Jack Wiggin.
The postoffice address Of each member of
the board of directors is as follows: Charles
Wiggin, New Orleans. Louisiana; Joseph B.
Castagnos, Donaldsonville, Louisiana; Jack
WIggln, Hammond, Louisiana. s.
ARTICLE vi.
All service of citations and other legal
process shall be served upon the president
and, in his absence, upon the vice president.
ARTICLE VII.
Special meetings of stockholders shall be
held when ordered by the board of directors
or the holders of twenty-five per cent of ali
outstanding stock, and notice of all stock
holders meetings should be given in the
same manner prescribed for stockholders
meetings for the election Of directors.
Each stakeholder shall be entitled to one
vote in person or by proxy for each share of
stock held by him.
ARTICLE VIII.
This act may be amended, altered or
changed and this corporation may be dis
solved and its affairs 1iquidated in accordance
with the provisions Of law in such cases
made and provided.
Upon the dissolution of this corporation in
any manner, its affairs shall be liqudafed by
three iquidators elected by the stockholders
at meeting called for that purpose.
Thus done and passed at the parish of
Ascension, Louisiana, the day. month and
year first above written. and in the presence
Mr.. A. J. Babin and Miss Marie Michel,
good and competent witnesses, who have
signed these presents together with the ap-
pearers and me, notary, after due reading
of the whole.
cHAs. WIGG1N, SO Shares.
j. B. CASTAGNOS, 40 Shares. <
JACK WIGGIN. / Share.
A. J. BABTN
MARIE MICHEL.
RICHARD MELANCON,
Notary Public.
State of Louisiana, Parish of Ascension
do hereby certify the above and FOREGOING 20
be duly recorded in Book of Charters NO. l.
folio 10.
In faith whereof. witness my hand and
seal of Office, at DonaldsonviIle, La, this
i''" asS = Dss JAS. S. BARMAN.
Clerk and Recorder