The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-10-02

person or by written proxy and under
such regulations as the Board OF Directors
may prescribed.
ARTICLE V.
The business and affairs of this corpora
ton shall be managed and all corporate
powers thereof shall be vested III andex
ercised by Board of Directors composed
of nine stockholders and five members
OF such Board shall. constistute quorum
for the transaction OF business.
On the second Tuesday i'll January of
of each and every year, or on the next
legal day thereafter if the second Tuesday
be dies non, a meeting of the stock
holders Of this corporation shall be held
at its banking house under the supervi-
sion Of two l2) commissioners appointed
BY the Board of Directors for the purpose
of electing Directors for the ensuing year
and for the transaction Of such other husi-
ness as may properly come before said
meeting.
Notice of said meeting shall be given
to the stockholders by publication at
least once during period of two weeks
in newspaper published i'll the Parish
of St. Charles, and by written notice du-
" addressed and mailed to every stock
holder Of re cord at his last known ad-
dress at least one week previous to said
meeting. All elections shall be by ballot
and the stockholders receiving the major
ity OF votes cast ut such election shallbe
duly elected and shall serve for the ensu-
ing year or until their successors shall
have been duly elected and qualified. In
case there shall he no election of directors
OH the day appointed, an election for same
shall he held as soon thereafter as prac-
ticable on day to be fixed by the Board
of directors, previous notice of which
said election shall he given by written no.
tice duly addressed and mailed to every
stockholder OF record at his last known
address at least one week previous to
said meeting. Til. failure for any cause
to elect directors upon the day appointed
shall not dissolve this corporation, but
the officers and directors then in office
shall hold over until their successors
shall have been duly elected, qualified
and installed.
Any vacancy which may exist or occur
among the directors by death. resigna-
ton or otherwise, shall be filled by the
election by the remaining directors of
other stockholders who shall serve un
til the next ensuing regular election or
until the successors of said board shall
be duly elected, qualified and Installed.
Each member ofthe Board Of Directors
shall be entitled to such fee for attend
ing the meetings of the Board of Direc-
: tors as by said board may be fixed.
Special meetings Of the stockholders
may be called and held in the manner
provided for BY the by-laws of the cor
poration.
At all elections for directors and at all
meetings OF stockholders each stockhold.
er shall be entitled to one. vote tor eacl
i share Of stock recorded in the name Of
! SUCH stockholder OH the books Of this
corporation, but no stakeholder shall b
entitled to vote at any election on any
shares of stock transferred to him with
in the twenty days immediately proceed
ing such election.
y The Board of Directors shall, at it.
first meeting, elect from anon,
its members president and one or Iior'
!. Vice Presidents. who shall hold otfic
during the TERM OF the Board making
such election. and i'll case of vacancy i,
any OF the said position. The same shall
be filled by election by the Board o
. directors. The said Board Of Director
may designate and appointed such othe
ce-presidents mot members of sal
Boards Cashier, Assistant Cashiers
f. Officers. Attorney at Law, agents, clerk
and other officers and employees a
t may be nessasy or expedient in the co
I duct of the business of this corporatio
and shall fix the compensation of a
such officers attorneys, agents and ell
ployees. All persons appointed. by til
0 Board of Directors as above shall hold I
d flee at tl,e pleasure OF the Board.
). The Board Of Directors shall have til
d power to prescribe bylaws for the COVE
i ment of this corporation not i'll consi
Il tent with the law or the provision theret
$ and may name and appoint such con
u nittees as may be necessary and conv'
nient, and may vest in said committed
all such power aud authority as the sal
Board itself has aud enjoys.
: ARTICLE VI.
1t This act ofincorporation may be mod
'e fled. changed. or altered; the capt.
,. stock may be increased, decrease.