The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-01-26

be entitled to one vote for each share of
stock standing in his the books Of
the company. said vote to be cast in person
or by proxy. and the majority of the votes
cast shall elect. The preferred stock shall
have no vote unless the corporation shall
have been in arrears for "a period of six
months in the payment OF dividends, or in
carrying out the provisions hereinabove set
out for the retirement of the preferred stock;
in either of which event the voting power
shall pass from the common stock and be
entirely vested in the preferred stock. The
board of directors shall have the power to
fill 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 corporation. but the directors
then in office shall remain in office until their
successors are elected and qualify. The
board shall elect from their number presi-
dent. vice president. secretary and
treasurer: provided. that the board may dis
pense with any Of said offices and or may
combine any of them, and or may elect such :
other officers as they think proper or con-
ven;ent 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 di-
rector absent from the meeting may be rep
resented by any other director, who may cast
the vote of the absent director according to
the written instructions. either general or
special of said absent director. Neither the
board of directors the common stock
holders shall have authority to place any
mortgage or encumbrance upon any OF the
property of the corporation without the cons
sent Of ali the preferred stockholders; pro-
vided that this shall not apply to the giving
of crop liens and pledges. The board OF d.
rectors shall have authority to make and
establish, as well as alter and amend all by
laws, rules and regulations necessary and
fo.. thaa nnrt
the business and affairs of the corporation
and not inconsistent with this charter; ana
within the limitations of this charter they
shall have power to authorize the borrowing
OF money and the issuance of notes. and gen.
orally to do all things necessary or cons
yenient for the proper carrying ON OF the
business of the corporation.
Unit; the general meeting of stockholdefs
Tor election of directors to be held on the
second Monday Of February. 1919, or until
their daily qualified successors are elected ana
installed, the beard Of directors shall be COM
posed Of Frank Pfeifer, postoffice address NO.
All Poydras street, New Orleans, Louisiana;
Clark Lebernuth, Lauderdale postotf1ce. LOU
isiana; Percy A Lemann. postoffice address
Lemann, postoEice address No. l104 Hibernia
Bank Building, New Orleans. Louisiana VI
the foregoing. Frank Pfeifer shall Pc pfest-
dent Clark Lebermnth vice president. Perez
a. Lemann treasurer. and ~ onte "a " itefhsnh
secretary. 7, Il.
This act Of incorporation may be chhngea,
modified or amended by a vote OF tWo.thirds
Of the entire capital stock OF all classes
nresent or represented at, a general meetfna
Of the stockholders convened Tor such pur-
pose after previous notice shall have beeh
given in the manner above REQUIRED TO pc
given Of the annual meeting OF the corpora
ton provided that change shall be mace
in any provision herein relating to the rights
Of preferred stockholders, without the unani-
nous consent Of all the preferred stockhoid-s
ers The capital stock of the corporation
may be increased Or decreased by proceedings
il accordance with the laws OF the state OF
Louisiana.
If this corporation shall be dissolved, either
by limitation or from any other cause. Is
| affairs shall De liauidated by three commits.
| s;oners, to be appointed at the meeting OF
stockholders convened for the purpose o.
liouidation, and to be elected by the vote OF
all the stockholders voting upon a.. par ,'t;;
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 distribute the
proceeds. In case of death, disability or
resignation of~one or more iauidators the
vacancy shall be filed by the survivor or
-. {, ARTICLE VIII.
No stakeholder shall ever be held liable or
| responsible for the contracts or faults OF
said corporation in any further sum than
| the unpaid Balance due on the shares OF
stock owned by him. nor shall any mere an
fornaIity In organization have the effect OF
rendering this charter null. or of exposing
any stakeholder to any liability beyond 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 respect-
| i've signatures the number of shares OF STOCK
subscribed for by each OF them
Thus done and passed at my office at rev
| Orleans. Louisiana, on the day, month and
wear frst above written, in the presence OF
Myer Lemann and F. B. Lemann and I vonne
Goodrich and Nellie Dillon, competent wit
nesses. who have hereunto subscribed their
Names together with me, notary, and the
| said appearers, after due reading of the
whole. toriginal Stgned:)
/ NAMES OF SUBSCRIBERS OMITTED
MYER LEMANa.
F.. B. LEMANN,
YvONNE@ GOODRICH,
NELLIE DILLON.
WATTS K. .LEyERIcH,5
Notary Public
| / hereby certify that the foregoing is
| true and correct copy of the original charter
| passed before me this 18th day OF January.
1918.
LS.) Signed: WATTS K. LEVERICH.
State of Louisiana, Parish of Ascension
I do hereby certify the above and foregoing
| to be duly recorded in Book of Charters No
| i, folio Ii.
In faith whereof. witness my hand and
seal of office ut Donaldsonville, La, this
| 2Srd day of January, 1913.
Signed: A. j. BABIN,
| by. Clerk and Recorder.
/ / certify the above and foregoing to be
true copy of certified copy ON file in my
office, names of subscribers being omitted s.
| Signed: A.. y. BABIN.
| by. Clerk of Court