The Donaldsonville chief., 1918-03-09


treasurer; provided. that the board may dis
pense with any Of said offices and may
combine any Of them. and or may elect such
other officers as they think proper or con-
vessient for the carrying on of the company $
business, and they shall fix the salaries OF
all officers, agents and employees. At any
meeting Of the board of directors, any di-
rector absent from the meeting may be rep
resented by any other director, who may east
the vote of the absent director according to
che written Instructions, either general or
special of said absent director. Neither the
board of directors nor the common stock
holders shall have authority to place any
mortgage or encumbrance upon any OF the
property of the corporation without the con-
sent of all the preferred stockholders; pro-
vided that this shall not apply to the giving
of crop liens and pledges. The board of di-
rectors shall have authority to make and
establish, as well as alter and amend all bya
laws, rules and regulations necessary and
;rcpes for the support and management OF
&he bu4iness and affairs of the corporatlsn
.rd not inconsistent with this charter; and
within the lirnitations#of this charter they
shall have power to authorize the borrowing
pf money and the issuance of notes. and gem
orally to do all things necessary or con-
venient for the proper carrying on OF the
business of the corporation.
Until the general meeting OF stockholders
ter election Of directors to be held on the
second Monday Of February. 1919, or until
their duly qualified successors are elected ana
installed. the board Of directors shall be COM
posed of Frank Pfeifer. postoffice address NO.
aSl Poydras street, New Orleans, Louisiana;
Clark Lebermuth, Lauderdale postoffice. Lou
:saM Percy A. Lenann,. postoffiee 0ddress
Donaidsonville, Louisiana; and Monte M
Lemann. postoffice address No. 1104 Hibernia
Rank Building, New Orleans. Louisiana. OF
the foregoing, Frank Pfeifer shall be presl-
dent, Clark Lebermuth vice president, Percy
q. Lemann treasurer. and Monte M. Lemann
secretary.
This act of Incorporation may be changed,
modified or amended by vote of two-thirds
of the entire capital stock of all classes.
present or represented at general meeting
of the stockholders convened for such pur-
pose, after previous notice shall nave oeen
given in the manner above required to be
riyen Of the annual meeting of the corpora
ton; provided that no change shall be made
in any provision herein relating to the rignts
of preferred stockholders. without the unanl-
ers. The capital stock of the corporation
may be increased or decreased by proceedings
IN accordance with the laws of the state OF
Louisiana.
: Il this corporation shall be dissolved. either
affairs shall be Iiquidated by three commits.
sioners TO be appointed at the meeting OF
stockholders convened for the purpose Of
Liquidation, and to be elected by the vote o.
all the stockholders voting upon a parity
Sad iiuuidators shall remain in office until
the AFFAIRS of said eorporation shall have beer
fully settled and iiauidated. and they shall
have full power and authority to transfer
and give title to all the property and assets
of the corporation. and to distribute the
proceeds. In case of death, disability OF
resignation of one or more liquidators. the
vacancy shall be filed by the survivor OF
sur Vivcrs.
: ARTIcLEVI1I,
No stockhoIder shall ever be held liable Q,
responsible for the contracts or faults o.
said corporation in any further sum thar
the unpaid balance due the shares OF
stock owned by him. nor shall any mere in.
formaiity in organization have the effect OF
rendering this charter null. or OF exposing
any stoekhoIder to any liability beyond tht
amount due on his stock.
In order that this charter may serve 81
the original subscription list, the subscribers
hereto have indicated opposite their respect
i've signatures the number of shares OF sSoct
subscribed for hy each OF them.
Thus done and passed at my office at New
Orleans, Louisiana, on the day. month ant
year first above written. in the presence O