The star-progress. (Opelousas, La.) 1917-1921, 1920-04-17

marketable forms; to acquire the
ownership and control of trade marks,
designs and formulas for the cleaning,
curing, manufacturing and selling of
moss; to acquire, build, lease, sell,
exchange and otherwise dispose of
immovable, movable or personal
property incidental, necessary or adj
vantageOus to the successful and
proper carrying OF of the business of
this corporation.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Twelve Thousand Dollars ($12,00O.-
00), divided into or represented by
One Hundred and Twenty (120)
shares of the par value of One Hun
dred Dollars ($100.00) each. The
subscriptions to the capital stock
shall be paid for in cash, property or
rights actually transferred to the cor
poration, or for services actually rem
dered to the corporation. This capt.
tai stock may be increased to Twen-
ty Thousand Dollars ($2O,000.O0) on
complying with the requisites of the
law, and this corporation shall only
commence business when fifty per
cent of the capital stock shall have
been subscribed and fully paid for.
ARTICLE v.
All powers of this corporation
shall be vested in and exercised by a
Board of Directors to be composed Of
three stockholders. The Board shall
elect from among their number "a
president, vice-president, a secretary
treasurer, and such other officers as
they may think proper or convenient
fer the carrying on of the corpora
tons business, and shall have power
to unite two or more officers, and the
same to confer upon person, and
to fix the salaries of all officers and
agents of this corporation.
The Board of Directors shall be
elected annually, on the first Thurs
day of March of each year, beginning
in the year 1921. All such elections
shall be by ballot, at the office of the
corporation. Notice of the annual
meetings, as well as special meetings
of the stockholders, shall be given by
written notice mailed fifteen days in
advance of the date of the meeting
to each and every stakeholder of rec
ord on the books of the corporation.
Each stakeholder shall be entitled to
one vote for each and every share of
stock standing in his name on the
books of the corporation, said vote to
be cast in person or by written proxy.
Failure of the stockholders to meet as
herein provided shall not work a for
fixture of this Charter, but the Direc-
tors and officers then in office shall
hold over until their successors are
elected and qualified.
Untile the annual meeting to be
held in the year 1921, or until resig-
nation, the Board of Directors Shall
consist of the following:
B. w. Clopton, Morrow, La;
A. A. Richard, Palmetto, La;
J. H. Bernhard, LIE Moyen, La,
and of the forging, B. w. Clopton
shall be president, A. A. Richard shall
be vice-president, j. H. Bernhard shall
be secretary-treasurer.
In the event of the death or resig-
nation of any officer or director, the
remaining directors by a majority
vote of those in office may choose
his successor, who shall serve until
the next annual election.
ARTICLE vi.
No stakeholder shall ever be held
liable for the contracts or faults of
this corporation in any further sum
than the unpaid balance due by him
on the shares of stock owned by him;
nor shall any informality in organi-
cation have the effect of rendering
this Charter null, or expose any
stakeholder to liability beyond the
amount due on his stock subscription.
ARTICLE VII.
If this corporation be dissolved,
either by liquidation Or other cause.
its affairs shall be liquidated by three
commissioners to be appointed at a
general meeting of the stockholders
called for that purpose. The liquida-
tors shall remain in office until the
affairs of the corporation shall have
been fully settled and liquidated. In
case of the death, resignation or dis
ability of one of the ~liquidators, the
vacancy shall be filled by the sur-
vivors.
ARTICLE VIII.
In order that this Charter may also
serve as the original subscription list,
the subscribers hereto have written
opposite their names the number of
shares subscribed for by them, and
their postoffice addresses.
Thus done and passed, at my office,
in the City of Opelousas, in the Par
ish of st. Landry, State of Louisiana,
on the day, month and year first
hereinabove written, in the presence
of Il. L. Ganson and A. J.. Richard,
competent subscribing witnesses, who
have signed these presents, together
with the appearers, and me, Notary,
after due reading of the whole.
B. w. CLOPTON, so Shares,
AUSTIN A. RICHARD, 20 Shares,
j. H. Bernhard, SO Shares.
WITNESSES:
L. L. GANSON,
A. j. RICHARD.
l.. AUSTIN FONTENOT,
Notary Public.
STATE OF LOUISIANA.