Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-06-12

holder, at least fifteen days before sac
meeting.
: Other stockholders meetings may c
held when ordered bv the Board of h.
rcctors or upon demand Of twenty. iy,
per ccntum Of the outstanding stock
notice of such meetings to be gIvcn rs
prescribed for meetings to elect dIrrr
/ tors. zach stakeholder shall at every
Stockholders meeting be entitled to one
vote, IN person or by written proxy, tor
each share of the capital stock held by
hlm, or he may send his vote 10y letter
, the signature Of which must he acku,w-
lodged before Notary Pubic or other
officer authorized to take aflidavitS The
stockholders shall have the right of
cumulative voting in the election of
directors.
Until the next general meeting to lie
held under this Charter, on the first
legal day Of June, 1921, the Board OF
Dlrestors shall be composed of Messrs.
l.. ). BrOussard, of Abbeville, Lou
ISlana; j. }. Labry, of New Orleans,
Louisiana; Z. A. Sigur, of Abbeville,
LOUISIANA, and Samson Chauvin, Of ABB
bevllle, Louisiana, with
l.. j. Broussard, as President,
.. ). Labry, as Nice-Presidcnt, and
l.. y. Slgur, as Seeretary-Treasurer
The President, or in mis- absence, the
Nlce-Iresldent, or in the absence Of
both, the Secretary.Treasurer, shall nave
power IN the name and in in behalf Of
the corporation to authorize the insti-
tuition of any suit or other legal pro-
ceedings, as authorized by Section Is,
Of Act No. 2G7. Of 1914.
ARTICLE 9.
At a meeting Of the stockholders du-
~ called for the purpose, by the vote
OF two thirds Of all Of its stock, these
articles of incorporation may be
amended, modified or changed, in the
manner cotfornable to the laws of this
state, including the increase or de
crease Of the capital stock, provided,
however, that the objects and purposes
OF Incorporation shall not be change l.,
ana the capital stock increased to more
than the max mum permitted by this
charter, nor decrease to less than the
corporate Indebtedness. 4 change in
objects and purposes, may, however, he
voted by all stock isued, and an Ia
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.
CertIhcates OF amendments shall be
executed and filed in the same maner as
the original articles of incorporation.
ARTICLE 7.
Whenevr, in the Judgment of the
Board of Directors, 1t shall be deemed
advisable, and for the benefit Of this
corporation, that il should be dissolved,
the Board within ten days after the
adoption of resolution to that effect,
by d 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 resOlu-
tion to be mailed TO each stakeholder,
together with notice of the stock
holders meeting to be held at the office
of the corporation, to take action upon
the resolution so adopted by the Board
Of Directors. The meeting of the stock
holders shall be held az any hOur fixed
by the Board of Dirsctors between the
hours Of 10 'closk in the forenoon aud
3 clock in the ,sftanoon of the day
so named, On he dy appointed the
meeting may, byIeonsnt Of tae major
ity = interest ofithe stockholders pres
en- Sd iorSn5a tt :szssse Z .scsirne,
and if, at any nssNing original or adj
journed, two-thrdi in interest Of all
the stockholders q the corporation shall
vote that dissolution shall take place,
a certified copyi of such resolution,
signed by the presiding officer and sec,
rotary of the meeting, shall be fled in
the office Of the eecretary Ct State, 10.
gethsr with LIST of the names and
residences of the directors and officers,
certified to by the President and Sec
rotary Of tabs corporation. Upon the
Secretary of State issuing a cert Il ate
that the foregoing documents have been
filed, the corporation shlal stand dis
solved and the Board shall have a no.
tice Of said dissolution published not
less than three tines in a paper pub
lished in Abbevilie L., and the corpor-
alton shall proceed'to settle up and adj.
Just its business and affairs Shot d all
the stockholders consent in writing to a
dissolution, no meeting or notice there
Of shall be necessary.
ARTICLE s.
Upon the dissolution In any manner
of this corporation, the stockholders
shall elect from their number one OF
more liquidators, with or without bond,
with full power to settle its affairs, COLI
lect the outstanding debts, sell and coh'
vey lts property pay its debts and d.
vide the remaining money and property
among the stockholders, and such 9th II
powers as are vested in such hquidators
by the laws of this State,
ARTICLE 9,
No stakeholder shall ever be held LA
bic or responsible for the contracts or
faults of this corporation in any further
sum t1Hn FOR any unpaid balance on the