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

i five directors. The precise number Of di
rectors within said limit shall be fixed by
the vote of the stockholders at the annla
meeting, or at special meeting called TO,
that purpose. Said board of directors shal
| be elected annually by ballot, at stock
! holders meeting called for that purpose g.
| the second Monday in February of each veg
| Tor the next legal day, if that be holiday
after 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 each share
| of stock standing in his name on the books
| of the company, said vote to be cast in per
| son or by proxy, and the majority Of the
votes cast shall elect. The board OF oil
rectors shall have the power to fill all va
cancies which may occur or in any manner
arise or be created on the board, ever
though no Quorum remain at the time such
vacancies are to be filled. Failure to elect
directors on the day above specified shall
not dissolve the corporation, but the al
rectors then in Office shall remain in office
until their successors are elected and qualify
The board shall elect from their number g
| president vice president and secretary
provided. that the board may dispense with
any of said offices and or may combine any
of them. and or may elect such other officers
as they think proper or convenient for the
carrying on of the company'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
|
any other director, who may cast the vote
of the absent director according to the
written instructions, either general or spe-
cial. of said absent director. The board OF
directors shall have authority to make and
establish as well as alter and amend all
by laws, 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 bor-
rowing of money and the issuance of notes
and the execution of mortgages and pledges,
and generally to do all things necessary or
convenient for the proper carrying on OF the
business of the corporation.
Until the general meeting of the stock
holders for election of directors to be held
on the second Monday of February, 1919, or
until their duly qualified successors are elect
ed and installed. the board of directors shall
be composed of Myer Lemann, postoffice adj
dress Donaldsonville. Louisiana; Percy A.
Lemann, postoffice address Donaldsonyille,
Louisiana; and Leo Fellman, postoffice adj
dress 315 Baronne str&et. New Orleans. Lou
isiana. OF the FOREGOING, Myer Lemann
shalt be president. and Percy A. Lemann.
vice president-secretary.
ARTICLE vi.
This act of incorporation may be changed,
modified or amended, or the corporation dis
solved by vote of thirds of the entire
capital stock present or represented at
general meeting of the stockholders con-
notice shall have been given in the manner
above required. to be given of the annual
meeting of the corporation.
ARTICLE VII.
If this corporation shall be dissolved, either
by limitation or from any other cause, its
affairs shall be iquidated by three commits
aloners to be appointed at the meeting of
stockholders convened for the purpose of
liquidation. and to be elected by the vote of
all the stockholders voting upon a parity.
Said iquidators shall remain in office until
the affairs of said corporation shall have
been fully settled and liquidated, and they
shall have full power and authority to
transfer and give title to all the property
and assets of the corporation. and to dis
tribute the proceeds. In case of death. dis
ability or resignation of one or more Ii
quidators, the vacancy shall be filled by the
survivor or survivors.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
of said corporation in any further than
the unpaid balance due on the shares of
stock owned * him. nor shall any mere in
of rendering This charter null, or of ex-
posing any stakeholder to any liability be-
yond the amount due on his stock.
In order that this charter may serve as
The original subscription list, the subscribers
hereto have indicated opposite their re-
spective signatures the number of shares
of stock subscribed for by each Of them
Thus done and passed at my office at
Louisiana, on the day.
month and year first above written, in the
of j. E. Blum and F. B. Lemann
witnesses. who have hereunto sub
scribed their names. together with me,
notary, and the said appearers, after due
reading of the whole.
lOriginal signed
IMAM Es or SUBSCRIBERS oMTTTED1.
Witnesses:
J. E. BLUM.
r. B. LEMANN.
tE.S.) WALTER LEMANN,
Notary Public.
State of LouisianasaR of Ascension
do hereby certify above and foregoing
o be duly recorded Book of Charters No.
In faith whereof. witness my hand and
seal of office at Donaldsonville, La, this list
lay of January. 1918.
tSigned} ]. S. BARMAN,
(L.S.1s Clerk and Recorder.
l certify the above and foregoing to be |
true and c2arect copy of the original on |
lie in my Off, names of subscribers being |
united j. S. BARMAN,
Clerk of Court.