Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-05-29

.ors. Each stakeholder SHAH al '''''
..,.,guI.,c. : meeting ne cutItI, Il 10 one
vote, In person or by written fi ny,
each share Of the capital SOCK H''u
aim. or he. may scud MS vote 10y l'I''''
the signature Of " IIch mast N' ANN"
.,u.r, before a Notary Iua lt or 20. ''i
ul.ccI. authorized 10 Ike "ih'.aNi.'' l.V
stu,kn,bcls aual. have the Hs-' "'
cumulative voting in the election
directors.
rngu 4Lc next general meeting t. G
held under this charter, ON me .''S'
legal day Of June, 1921, the Board Oh
DIrc4.ors shall be composed OF Ne''iS'
L. j. Broussard, OF ADbevilIc, Lou
IsIaua: =. =. Labry, of New O.ieaIS'
Louisiana; L. \. >IgUr, Of AO.eN"ie'
louisiana, and samson LAauylI, Il Az
ie>IlI,, LouiSIaLa, with
l.. d. Broussaru, as President,
j. =. Labry, as lcc-Presldvn'' anu
h. \. cl-u.. a, Secretary treasurer
The rrcsItcnl, gr H AIS absence 'Ar
Nice-iresIuyut, or in tae absence u
both, the oectyIary-I. easurer, sinai hd'e
power III the Lame and IN III LeAaI OF
me CORPORATION 10 authorize the lheu-
tuition OF any suit or other legal pro-
ceediugs. as authorized by Section 10,
OF Act NO. 261, of 1914.
ARTICLE Is.
At a meeting Of the stockholders du-
~ called Tor me purpose, by the vote
uI two-tuIrus OF al OF lis stock. tee
articles Of Incorporation may De
aueuued, modified or changed, III TIE
/ lf
state, including the increase or de
crease Of the capital stock, provided,
however, thar the objects and purposes
Of incorporation shall not be change
and the capita. stock increased to more
than the maximum permitted by TINS
charter, nor decrease 10 less than The
CORPORATE Indebtedness. y change III
objec,s and pu. poses, may, however, Oe
voted Oy ali stock Issued, and an In
crease OF the capital stock in excess +
the amount named as the sum to which
the capital stock may be Increased may
be made by three-fourths of all its out
standing stock.
Certucates Of amendments shall he
executed and filed in the same maner IS
the original articles OF Incorporation.
ARTICLE Z.
Whenevr, in the judgment of the
Board of Directors, ii shall be deemed
advisable, and for the benefit of this
corporation, that it should be dissolved,
the Board wit in ten days after the
adoption OF resolution to that effect,
by majority of the whole Board, at a
meeting called for that purpose, of
which each director shall have received
at least three days notice, shall cause
notice Of the adoption Of such resoiu-
ton to be mailed to each stakeholder,
together with a notice of the stock
hOide,s meeting to be acid at the office
Of the corporation, to take &cti upon
the resolution so adopte b. the Beard
Of Directors. The meeting of the stock
holders shall be held at any hour fixed
by the Board Of Directors between the
hours of 10 o clock in the forenoon aud
3 CLOCK in the afternoon of the day
SO named. On the day appointed the
meeting may, by consent of tle major
ity in interest Of the stockholders pres.
ent, be adjourned from time otime,
and if, at any meeting original or ad
journed, two-thirds in interest # all
the stockholders cf the corporation shall
vote that dissolution shall take place,
certified copy of such resoluti n,
signed by the presiding officer and sec.
rotary of the meeting, shall be filed in
the Office Of the Secretary # State, to-
gether with list of the names aud
residences of the directors and officers,
certified to b. the resident and see
rotary Of tbs corporation. Upon the
Secretary Of State issuing a ce f ate
that the foregoing documents have been
filed, tne corporation sh!al stand dis.
solved and the board shall have no..
tice Of said dissolution published not
less than three times in paper pub
lished in Abbevile, L., and the cor yor-
alton shall proceed TO settle up and adj
Just its business and affairs Shau all
the stockholders consent in writing to
dissolution, no meeting or notice there.
Of shall be necessary.
ARTICLE s.
Upon the dissolution in any manner
Of tlis corporation, the stockho Ter,
shall elect from their number one or
more liquidators, with or without bond,
with full power to settle its affairs, col.
lect the outStand ng debts, sell and con,
vev its prol cry, pay is debts and di-
vide the remaining money and property
among the stockholders, and such 9th
powers as are YES ed n such liquidatols
by the laws of this State.
ARTICLE 8.
No stockholier shall ever be held liza.
bic or RESPONSIBLE fer the contracts n
iaul S of this corporation in any further
sum tam FIR any unpaid lance On the
stock, for which he Las subscribed, nor
shall any mere informality in organiza-
tiou have the effect of rendering this
charter null or exposing a stockh9ldcr
to any liability other than as above pro,
vided.
TIE sub3cri ers here o have set 0ppo-
site their names the number of shares
subscribed for by each of them, in or
der tlat this charter may serve also as
the original subsc"ipti1n list, and also
whether said st ok sub cribed shall he
paid for in cash, or ser ices, or prNpertv
o be cOnve Cd 10 the corporation.
Whe subscribti ne TO the capi al stock
consist + orcpe Y, Il ere is ann d 10
IS charter 4 detailed md tented de.
scrirtion Of such r oerty, t. be rpa
in coreetion the ewith, as TO amount
location, extent, character and state Of
i'm rovements together with q state.
mer' Of its value as appraised by the
directors
Thus done and PASSED at my office, at
Abbevi lie, Frrmi,ion Parish. Louisiana
in the presence Of Messrs. K. P. Fisk
and Sol. ls2acs, god AMI eompetent
witnesses, lesi Ting in this Parish, who
have signed their names with the an.
bearers, ard me, Notary, after due rs.d-
ing Of the whole, en- the day, month and