Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-04-24

as NlCc-Prdsldent, ana Mrf Bertha
Levy, as S4cr tary treasurer.
The Presi dent, or in his absence the
Vice Preside Int of this corporation.
shall have power in the name and in
behalf of the corporation to aut lorilr
the institution Of any suit and other
legal Proceedings, as authorized 10y Sec
tian Is Of Act No. 267 cf 1914.
ARTICLE SIN.
At meeting of the stockholders
daily called for the purpose, by The VOC
of TWO thirds Of all is stock, these All
81 of mcorpo alton may be amend 81,
m dificd uryhaagcd, in any ma ucr con-
foImaGlc 10 the laws If this stat. i'm
c.uIirg the increase or decrease of IFS
capital stock. Provided, however. that
the Lic-tS and purposes of iucorpora
tin shall not be changed, and 10 -ap.-
tai stock shall not he increased To- m rr
shan tac MAXIMUM ]. rm,ttrd b. his
charter, nor decreased to les, than thr
corporate indebtedness. change n
objects and purposes ma, however, be
voted bv all stock issued, aud an in
crease of the capital stock i'm cXcr-s #
the amount named as the sum 70 which
the capital stock may be increased may
lc made by thrcc-fourths Or all ATS ou.-
Standing stock.
Cc.tiicat of amendment shall he
executed aud fled in the same manner
as The original ar;ic'cS of iororpora ion.
ARTICLE SEVEN.
Whenever in the Judgment Of the
Board of Directors ii shall bee deem Il
al, isab and for the benefit Of this
corpora ion, hat it shou lie dis, lived,
Ia 'oard within ten DAYS after the
adoption Of a resolution to that effect.
lay Il majority of the whole Board, at
a N letting called for that purpose, IF
which meeting each director lall have
received at least three days ii g,
shall cause notice Of the adoption Of
such resolution TO be mailed to each
stakeholder, together with a notice Of
tie stockholders meeting to be held at
the Office of tle corporation, to take ac-
tiOn upon the resolution soadoptc1 b.
the Board of Direc ors. The meeting of
the stockholders shall he held at any
huor fixed by the Board of Directors
between the hour of 10 clock in the
IerOnoCn and ) o'clock in the afternoon
OF the day named On the day so ap.
pointed the meeting may, by the con-
sent of the majority in interest of the
stockholders present, be adjourned from
time to time, and if, at any meeting
original or adjourned, two thirds in
interest Of all the stockholders of the
corporation shall vote that a dissom.
tion shall take place, a certified copy
Of such resolution, signed by he prcsid-
ing officer and secretary o. the meeting,
,s,.f H. Il Al Al
tary Of State, together with a list of
the names and residences of the direc.
tors and officers, certified to by the pre-.
sident and secretary of he corporation. /
Upon the Secretary of State issuing
a certificate that the foregoing dJcu- /
ments have been fled, the corporation /
shall stand dissolved and the Board /
shall publish a notice of said dissolu-
ton not lesSSsn,f three times in a pa.
per pub. ished a5Abbeville, La, and the |
corporation sad proceed to settle up
and adjust itabusiness and affai $.
Should all the fockholde-s consent In
writing TO a di$lution, no meeting or
notice thereof ~ be necessary.
ARTJ3eS EIGHT.
! Upon the disNt5ion isthnys manner
e. = --urpozT = ~ Tie srUtkn61dezs
shall elect f-o4fleir number one or
more liquidators. lth or without bond,
with full power y settle its affairs,
collect the outsts .hg debts, sell and
convey its propcrH pay It's debts ami
divide the reamn3ag money and pro-
perty among the stockholders, and such
other powers as al vested in such liq-
uidators by the-fses of this State.
ARTI&LE NINE.
No STOCKHOLDERS shall ever be held liza.
bic or responsible for the contracts or
faults If this cbrporation In any fur.
ther sum tLan fbr any unpaid balance
on the Sc ok, forlwhich he has subscrib-
e.. Ayr SHAH amy mere informaity n
@ iani alton havk the effect of render
Ing this clartet null or exposing q
stockhol !ers to atny liability other than
above provided.
! The ;, bsc,.ber4 hereto have set oppo-
site their names 1.-THE number Of shlres
subscribed by edch of them, In order
thai this charter lmay serve also as tic
original subscription list, and also
whether said stokk subscribed shall be
paid for in cash, DR. services, or pro aerty !
20 be conveyed to said corporation.
Thus done andl passed, at my Office,
at Abbevile, Louis ana, in the pre- 'ence
of Messrs. F. NJ Leguenec and j. w.
o 'Bryan, good and com letent wit
ne5ses, who have signed their nam IS,
with the appea -srs, and me, Notary,
after due reading Of the whole, on the
day, month and wear first above written
B. 0. WOOD,
TWENTY-FIVE (25) shares, Twelve Hun
dred and Fifty (sl25O00l Dollars.
h. w. WOOD,
TWENTY-FIVE (25) shares, Twelve Hun
dred l'itty (sl2J000) Dollars.
JONAS WE'LL,
Thirtv-eiEht 1857 shares, Nineteen Hun
dred (9l9O000) Dollars.
JACOB WE'LL,
Ten llO) shares, FiveEuhdred (s5OO'OO)
Dollars.
BERTHA LEVY,
Two 81 shares, One Hundred (SlOOOo)
Dollars.
Witnesses:
F. NJ. LEGUENEC.
j. W. O'BRYAN.
F. J. SAMSON, |
Notary Public.