Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-10-09

Of the c.pital ,t,,I- MA hv him or hc
NAV send his Vote bv letter. tire sigma
ture of which must tr Acknowledged
before Notary Psu.i. or other officer
authorized 10 tax. anJaNitS.
The st'rkholier, shall have ,he right
3" arrnmHiattyc vor.a- iu tn, election
f directors.
Until the newt ,..,..-.,I .]rrtf,n io be
held under Ills G.ar,.r. ou ,Ar first
legal day of the ,...,,b Of Sc.,rmhcr.
ir2f, the Board 80 DIRECTOR, snail he
composed of II N.ufaouc. Of Abe
vile. La. Henri C,.,i,u If tluryIan,
La, Make Nfop...r. of Ahhcvillr,
La. Ral;h N.nta,,-. \urrz. La. all
of Nrrm.ii.u Par-,l Louisiana. with
said r. i. Non,ac,. 81. President. Alb
hry.IIr. Ia.. n c,..lar. of Cur.-
Ian. La, "a, Ni,epr.-: lcrf and ". ".
Mou'agu.. OF NL.,itl.. la. as Sec
rotary Treasurer.
Tle President, ,r I'M his absence. the
Nlce-trcsrdcut Of .Lfs corporation shall
have power in the name and behalf Of
the corporation to authorize the iusti-
tuition of any suit ar other LEGAL process
a. authorized by Section Is of said Act
267 of 1914.
ARTICLE VII.
VI meeting of rlc Stockholders du-
" called Tor the p3rposr, by a vote #
two thirds Of all the stock, these arti-
clcs of Incorporation nav be amended,
modified or changed in any manner con
formable 70 tie laws of the State of
Louisiana, ineludinr the increase or de-
.sasl ~
however, that the objects and purposes
Of incorporation shall not be changed,
aad the capital stock increased to more
than the maximum permitted by this
charter, nor be decreased to less than
the cooperative indebtedness. 4 change
IN objects and PURPOSES NAV, however,
lie voted by al the stock issued and
increase f the CaDital Stock in excess
Of t. amount named at the sum to
"hloh the Capital stock NAV be in
. creased may be made by three-fourth5
T the CAPITAL Stock.
Certihcaccs Of amendment shall be
executed and fled in the same manner
as the Original articles Of the incor.
poration.
ARTICLE VIII.
When in the Judgment Of the Board
# ircctors il shall be deemed advisable
to ard fnr the benefit of this corpora,
ton that il shah dissolve the Board Il
irectorS, within ten DAYS after the adop.
ton Of the resolution 70 that effect, bv
\ ma iority # the whole board. at a
meeting called for that purpose, of
which meeting each director shall have
received at least three davs' notice,
sLall cause notice Of the abortion of
such resolution to be mailed 10 each
stakeholder, together with a notice of
/ the stockholders meeting to be held
at the once of the corporation TO take
action uron the resolution so adopted
bv the Beard Of Directors. The meet
ing Of the Stockholders shall be held al
any hour fixed bv the Board Of Direc-
tors betw, the hours of 10 o'clock in
+ the forenoon and 8 o'clock in the a fter.
noon Of the dav so named. On the dav
/ appointed the meeting NAV by consent
Of the ma ;oritv in interest e the stock.
holders present. be adjourned from time
to time, and if at any meeting. original
ar adjourned, twothirds in interest of
all the stockholders Of the CORPORATION
shall vote that a DISSOLUTION shall take
place, certified oOty of said resolu-
| ton signed by the fc,,iding officers and
secretary of the nc Ting shall be filed
IN the -offiee of the Secretary Of State
together with lat of the names and
residences of the directors and officers,
certified TO by the president and Sec
! rotary OF The corporation. Uoon the
Secretary of the State issuing a certif-
cate that the foregoing documents TO
nave been filed the corporation shall
stand dissolved, and that the board
shall pubish a Notice Of said dissolu-
ton not 'rsa than tree times in the
r"aper rU' nod in Abbevilie, La, and
the corp iion shall proceed 10 settle
up and q st its business and affairs.
/ Should o. f the stockholders consent
in wri:'n D dissolution, no meeting or
notices cOf shall be necessary.
ARTICLE TX.
= Upon p. dissolution in any manner
! f t2iS HOration, the stockholders
shall c;r from among their number
one or 8. o hQuidatOrs, with or with
out bon. 18th fun power to settle it,
affairs. Get the outstanding debts,
sell an' nvev its property, pay its
debts A. hvide the remaining money
and pr, " among the stockholders
and sue. her powers as are vested in
such lie .ators BY laws of this state.
Il ARTICLE X.
No 81 holder shall ever be held liza
nIe or IT,. 2nnble for the contracts or
snm tba POI r as,Gd bat a on the
stock 10, yhich he has subscribed. nor
shall ar informally in organization
i nave In, Hect of rendering TINS clar-