The star-progress. (Opelousas, La.) 1917-1921, 1920-06-12
TOTAL
500
ARTICLE v.

Section l. The business and affairs
of this corporation shall be managed
land all corporate powers thereof shall
be vested in, and exercised by, a
Board of Directors composed of not
less than five 90 nor more than 800
stockholders, and any five members
of such board shall constitute a quo
rum for the transaction of business
No stakeholder shall be eligible to
serve as a member of the Board of
Directors unless he be a resident of
the State of Louisiana, and a bona
fide owner of record of at least five
shares of the capital stock of this
corporation.
Section 2. The first Board of Dir
ectors shall consist of nine (9) mem
bers and be composed Of the follow
| ing stockholders ,to-wit: Frank Dim
mick, W. ]. Boudreau, g. HOraist, F.
S. Barry, VIM. Brinkhaus, A. I. Bur-
leigh, DR.. G. A. Gardiner, Lloyd Fran
ques, and R. A. Castillo; and the first
officers of said corporation shall be
Frank Dimmick, President; w. j.
Boudreau, First Vice-President; G..
Horaist, Second President; and
F. S. Barry, Cashier. Said members of
said Board of Directors and officers
of said corporation shall hold office
until the second Tuesday of January,
1921, or until their successors are
duly elected and qualified.
Section 3. On the second Tuesday
in January of each and every year
or the next succeeding legal day there
after, if the said day be a dies non, a
meeting Of the stockholders of this
corporation shall be held at its bank
ing house in. the village of Sunset,
for the purpose of electing a Board
of Directors, President two Vice
Presidents and a cashier, for the en-
suing year, which election shall be
held under the supervision of two ~
commissioners appointed by the Board
of Directors for the purpose and at
transact such other business as may
properly come before them.
Section A. Notice of said meeting
shall be given to the stockholders in
"a newspaper published in the parish
of st. Landry, State of Louisiana, and
by written notice duly addressed and
mailed to every stakeholder of record
at his Ist known address at least ten
days before the date fixed for said
meeting. All elections shall be by bal
lot. The stockholders shall first fix
the number of Directors to serve dur
ing the ensuing year provided the
number be not ess than five go nor
more thirty 900 and after such num-
Der has been fixed, shall proceed to
elect said directors, and also a presi-
dent two vice-presidents and a cash
Ter. The number of stockholders to
be elected as directors and to said
offices, receiving the majority of
votes cast at such election, shall be
duly elected and shall sarve for the
ensuing year or until their success
ors shall have been duly elected and
qualified. In case there shall be no
of directors and officers on
the day appointed, an election for the
that purpose shall be held as soon
thereafter as practicable on a day to
be fixed by the Board of Directors,
been given to the stockholders as a.
bove provided. The failure for any
previous notice of which shall have
cause to elect directors and officers
upon the day appointed shall not dis
solve this corporation, but the Off
GERS nd directors then in office shall
hold over until their successors shall
have been elected and qualified.
Section 5. Any vacancy which may
exist or occur among the directors or
officers by death, resignation or 9th
erwise shall be filled by the directors
or remaining directors, as the case
may be by the election of other dir
ectors or officers who shall serve un-
til the next ensuing regular election
or until their successors be duly elect
ed and qualified.
Section 6. Each member of the
Board of Directors shall be entitled |
to such fee for attending the meetings |
Of the Board as by said Board may be
fixed.