The Donaldsonville chief., 1921-07-02

mig of not less than five Isl nor more than
eleven GID stockholders, to be elected at
an annual stockholders meeting on the first
Monday of July of each year. who shall
hold their offices for one tfl year, or un-
I'll their successors are elected and in
stalled; provided, that said board of di-
reetors may increase the number of di-
rectors of said corporation to not exceed
ing eleven (1I) directors, with the same
qualifications as the directors herein provided
for. Said board shall have authority to exer-
cise all OF the corporate powers of this corpo-
ration to buy and sell any and all kind of
property, both real and personal, which it
Is authorized to acquire under the terms
OF this charter; and may, in it's discretion.
dispose of ali of the property of this
eofporatlon whenever majority of the
stockholders thereof approve such sale: to
employ and discharge at pleasure any and
all agents, managers, clerks or other en-
ployees necessary in conducting its affairs,
until the election of board of directors
IN July. 1929, the following shall consti-
tute the board of directors of this corpora
ton L. Reynaud, who shall be president 1;
&C. Roussell. who shall be vice president
and an + general manager, Archie M. Smith. who
shaltTbe secretary treasurer and George r.
Murren and d. W Breazeale
ARTICLE FIVE.
This character may be amended or this
corporation may be dissolved BY the vote
of two-thirds (2-3) of it's stock east at n
meetingg called for that purpose, and at
stock shall be entitled to one { II vote to
be cast by its owner in person. or by an
other authorized in writing to do so When
not otherwise provided by law, notice of all
stockhoiders meetings shall be given by
letter addressed to the stockholder at his
usual postoffice address ten f10) days prior
to such meeting; but nothing herein shall
prevent the stockholders. by unanimous con-
sent from holding a meeting without any
notice at all. =
Whenever this corporation is dissolved by
limitation or otherwise. it's affairs shall be
lau1dated by one or more liquidators to be
selected by the stockholders at the meeting
lcalled for such purpose; and said liuuida-
TORS shall have such power, perform such
fautles and give such bond as the stock
$hoiders may direct and require.
ARTICLE SIX.
No stoekholder of this corporation shall
ever be held liable for the contracts or
auits thereof in any greater sum than the
Unpaid balance due on his stock. nor shall
ny mere infornality have the effect Of rem
ering this charter null, or of exposing any
bss8of his stock.
ARTICLE SEVEN.
The board Of directors herein provided
pr may hold its meetings at any point in
- re state of Louisiana or elsewhere and
ay keep and maintain officers in any other
State of the United States and transact bus
mess therein on complying with the law of
such states, and shall have power and au-
siioiIbS any yfHVacancy occurring
said board, well as to increase the num-
Der Of directors as specified herein and
elect the directors for such position.
In testimony whereof, said parties have
hereunto signed their names in presence
Of q. Duringer and G. B. Fleming. the nn-
defsigned attesting witnesses, and me
notary, and set opposite their respective
names the amount of stock subscribed for
by such of them on this the 23rd day Of
June, nineteen hundred and twenty-one
t192l.)
Reynaud. Lutcher, La.: No OF shares.
e Rousse1, Luteher. La; No. of shares.
Geo. r. MurreH. Bayoa Gou1a, La. No. of
D. "; Breazeale. Natehitoehes. La: No Of
Archie NJ. Smith, New Orleans. La: No Of
Reclamation Oil Producing Association Of
Louisiana No. OF shares
Attest: a
e. DURINGER
C.B. FLEMING.
Witnesses.
JN0. D. WILKINSON,
Notary Public.
State of Louisiana Parish of Ascension
!. do hereby certify that the above and fore
going to be duly recorded in Book Of Char |
ter No. /, folio, 80. - |
In faith whereof, witness my hand and
seal Of office. al DonaldsonvilIe, Ia. this
10Th day Of June, 1921. s
MARIE MICHEL.
Dy. Clerk and Recorder.
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