The Donaldsonville chief., 1920-02-14


urer. all of whom shall be stockholders of
the corporation. The board of directors may
from time to time name and appoint such
managers, clerks, agents and other EN-
ployes as they may deem necessary Tor tne
purpose of carrying on the business OF tns
corporation, and fix their compensation. and
they may do all things necessary and per-
mitted under the laws of this state applica-
BILE to corporations, for thd conduct of the
business and to properly ceGry out OBJ
jects and purposes of the corporation.
, ARTICLE EIGHT.
No stockholder shall have the right to
sell, dispose of or transfer his stock in the
corporation without giving to the corpora
ton through It's secretary, at least fifteen
days notice in writing of such intention, and
the other stockholders of the corporation
shall have the option andfprivilege OF pur.
chasing said stock at the value thereof
for period of fifteen da From and after
the date of the receipt of d notice.
ARTICLE NJ
No stockholder of the Evaporation shall
ever be held liable for the Contracts or torts
of the corporation in any further sum than
the unpaid balance due by him on the shares
of the capital stock of the corporation owed
by him, nor shall any mere informality In
the organization have the effect of render
ing this charter null and void or of exposing
the stockholders to any liability beyond the
unpaid balance which may be due on their
stock.
ARTICLE TEN.
This act of incorporation may be modified
or amended, or the corporation may be DIS
solved with the assent of two-thirds OF the
capital stock at meeting OF the stockno!o-
ers convened for the purpose after due notice
as provided for calling of meetings of stock
holders for the election of directors ana
whenever the corporation is dissolved either
by law or otherwise. its affairs shall pc
liquidated by one or more&liquldators VINO
T. IL a4ol ha cfnrEhOtdGTS
at general meeting Of Tie stockholders
said liquidators shall remain in office until
the affairs of the corporation have been fuliy
and finally liquidated and settled. In case
to act the remaining iquidators shall con-
t'nae Hey % ehanges asa proposed to 81 made in ref
erence to thspbjeets and nnrpogss Of ,fr1ls the
shall be made in accordance with the laws
of the state of Louisiana on Ae subject.
ARTICLE ELEVEN.
The following stockholders have been
chosen and elected to comprise the first
board of directors of the corporation, name
ly: Robert E. Noel, Mccall postofIlce, parish
of Ascension, La, president; c. H. Landry.
sr., Donaldsonville. La, q vice president
A. C. Simoneaux, charlottesville, La, second
| vice president R. J. Chauvin, Donaldson
vile. La, secretary; V. T. Dufel, Donald
sonville, La, treasurer, who shall serve as
such until their successors are elected and
qualified.
| The subscribers hereto have respectively
written opposite their names the amount Of
capital stock subscribed for by them so that
! this act of incorporation shall serve as the
original subscription list!
Thus done and passed, Parish of Ascension,
state of Louisiana, on this 26th day Of jan
uary, A. D.. 1920, in the presence & Of Louis u',
competent witnesses. who together with said
appearers and me notary have signed these