Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-06-05

Ctacc, properly dH"I'''''' ~ .u....,,..
holder at least httccn dayS ''''''
mcrti Z.
p.h,r. Stockholders meetings may &c
Il,.J NIru ordered uy the board OBJ -.
,.,.tor, or upuu demand al twenty "r
nrr r,utmm Of the outstanding ''''N'
rori,, of such meetings 90 rr ~'\'' -
prescribed ior meetings 20 Ell 81 ".'',
rni, zach stakeholder shall ~ every
,.orhhulic.a' meeting ne ,H'iii.d U" one
vote, ia person or hy written ~ ny, w.,
each share of tine capital S'"'n "y ,...' ~
uIm, or rc may semi ms '.'I ,..l,n,,,y'
the signature oil ne" '' ".,I..., ~ other
IruT,d before N"'"'r .... r. %
olhccr authorized 10 ''N' '''''' ,,.,Lt If
stockholders Hhdh nav I'm If
cumulative Young /" 'i'
directors.
Until the next general meeting -
held under tins Charter, on ,"e ms
legal day Of June, l"-l, the nu"'
Directors shall Toe composed oil Ne'''''
/. j Broussard, of AbbcyIllc, Lou
i,iaua: i. j. Labrv, of New Orleans,
Louisiana; h. 4. Sigur, OF AbreViue,
Louisiana, and Samson Chauvn, IL .AO-
leyIlic, Louisiana, with
l.. j. Bruussard, as President
j. j. Labry, as NIcc-IrcSIdeht, an"
T.. \. ~igur, as Secretary Treasurer.
The PresIlcut, or in his absence, lnf
Nicc-presIdcut, or IN the absence 81
both, the oecrctary-Tr casurcr shall nae
power in the name and in IN behalf Of
the CORPORATION to authorize the lhStl-
tutiou of any suit or other legal pro-
ccediugs, as authorized by Section TO-
OF Act No. 261, OF 1914.
ARTICLE 6.
A. Meeting Of the stockholders du.
II. coIIod for inc puruose. bv the vote
nf tvo-tbird, of AL Of ITS stock, tie. c
articles of incarceration may be
amended modified or changed, IN the
manner routormabIe to the laws Of this
stat, including the increase or de
rreasr of tLe capital stock, provided,
boveycr. that the objects and purposes
of INCORPORATION shall not be change /,
and the rapItal stock increased to more
than the maximum permitted by tn
charter. nor decrease to less than the
CORPORATE Indebtedness. \ change in
obiec,s and purposes. NAV, however, be
yoied bv ali stock Issued, and an in
crease Of the capitaI stock in excess f
fine amount named as the sum to which
the capital stock NAV be increased may
be made bv three-fourths Of all its out
standing stock.
Certncates of amendments shall be
executed and filed in the sametnaner IS
the original articles of incorporation.
ARTICLE 7.
Whenevr, in the Judgment OF the
Board of Directors, it shall be deemed
advisable, and for the benefit of this
corporation, that it should be dissolved,
the Board wit lin ten days after the
adoption of a resolution to that effect,
by n majority of the whole Board, at
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 a notice of the stock
holders meeting to be neld at the Office
of the corporation, to take actin upon
the resolution so adopted b. the Board
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 clock in the forenoon and
3 CLOCK in the afternoon of the day
so named. On the day appointed the
Meeting NAV by consent of the ulaior.
ity in interest Of the stockholders pres.
emit. he adjourned from time otime
and If. at any meeting original or ad.
iourned. two.thirds in interest Of all
the stockholders Of the corporation shall
vote that a dissolution shall take place.
a certified copy of such resolution,
signed bv the presiding officer and sec.
retarv Of the meeting. shall be filed in
the Office of the Secretary Of State. to.
getber with a list of the names and
residences of the directors and officers
certified IN bv the President and Sec.
retarv Of tais CORPORATION. Upon the
Secretary Of State issuing a ceIt f ate
that the foregoigg documents have been
filed. the coIp.ration shIal stand dis.
solved and the Board shall have a no.
tice Of said dissolution published not
less than three times in a paoer puh.
lisbed in Ahbav;I,e. /. and tho corror.
alton shall proceed TO settle up and al.
inst it's business and affairs Shcu,d n
the stockbolders consent in writing m a
dissolution. no meeting or nntirs thpra.
of shall be necessary.
ARTICLE
Upon the dissolution in anv manner
Of t1is corp0ratiop, the Stockholders
shall elect from their number one or
more Gouidators. with or without bond
with full newer TO settle it's affairs. col.