The Donaldsonville chief., 1922-12-30

! this corporation shall be managed and trans
| acted by board of directors, to be COM
posed of three stockholders. any two Of
whom shall constitute quorum for the
| transaction of the business of this corpora
| ton. which said board Of directors may be
increased to five members by the stock
holders of this corporation at a general meet
ing called for that purposes
The first board of directors shall consist
Of the following stockholders, viz: Law.
| renee Montero, Donaldsonville, Louisiana; AL
bert w. Brande. Donaldsonville, Louisiana
John Montero. Houston, Texas; of whom the
said Lawrence Montero, Donaldsonville, Lou
isiana, shall be president, the said John Mon-
tero, Houston, Texas. vice president, and the
said Albert W. Brande. Donaldsonville, Lou
directors shall hold office until the fourth
Monay in January, 1923. until their sue
cessors have been duly elected and qualified.
On the fourth Monday of January, 1923,
and annually thereafter. an election shall be
held by the stockholders for a board of di-
rectors, such election to be preceded by writ
ten printed notice to the stockholders, de-
ivered in person or sent by mail. to the ad-
dress registered with the secretary. The
board of directors so elected shall meet i'm
mediately thereafter on the same day, and
elect the officers herein provided for. All
written notices required by this charter shall
be by registered mail.
All elections shall be by ballot at the Of
flee of the corporation under the supervision
of two commissioners who need not be stock
holders of this corporation. At all meetings
Of the stockholders. each stockholder shall
be entitled to vote for each share of stock
in his name on the books of the corporation,
and said votes may be cast in person or by
proxy, but the proxy must be in writing. A
majority of votes shall be necessary to elect.
No transfer of stock shall be binding upon
the corporation unless the same shall have
been transferred upon the books of the cor
poration
ARTICLE vi.
This corporation shall have power and au-
thority to do business and perform the OBJ
iects and purposes for which it is organized
in the state of Louisiana, in the parishes of
the same Or in any municipal subdivision
thereof or in any state territory or pos
and shall have
fees for the conduct of its said business at
any place it may select.
ARTICLE VII.
This charter may be amended. altered or
modified, the capital increased. or the
corporation dissolved at q meeting of the
stockholders duly called for that purpose in
such manner as may be authorized by this
charter or permitted or required by the laws
of the state of Louisiana now in force, or
as may hereafter be enacted.
ARTICLE VIII.
Upon the expiration of the time fixed for
the life of this corporation. or upon the dis
solution of the corporation it's affairs shall
be liquidated by the commissioner or COM
missioners selected in the manner provided
by the laws of the state of Louisiana in re-
lation thereto, and such commissioner or
commissioners shall be vested with such
powers and authority to do all things ne
cessary to wind up the affairs of the corpo-
ration, under the laws of the state of Louisi-
ana applicable thereto.
ARTICLE TX.
No stockholder shall ever be held liable
or responsible for the contracts faults or
debts of this corporation in any further sum
than the unpaid balance due to this corpora
tion on the stock owned by him or sub
scribed to by him. nor shall any mere in
Iermallty in organization have the effect
of rendering this charter NULL, or of expos-
ing the stockholder to any liability beyond |
such unpaid balance.
ARTICLE-X.
So that this charter will serve as the
purpose: of the original subscription list !
each subscriber hereto has set out after his |
name, his postoffice address and statement
of the number of shares of capital stock to |
which he has subscribed, and this act of in |
corporation shall act as the original subscrip-
tion list of thisa corporation
Thus done and passed. at my office in the
parish Of Ascension, state of Louisiana, on |
the Gay, month and year first above writ
ten in the presence of Pearl Landry and J.
4. Richardson, competent witnesses who
'AssAs AASSC p1SSSAIo With SalQ appeareTS and /
me, said notary. after due reading of the
whole. -
tSigned)
MoNTERo, four hundred (4oo)
shares. Donaldsonville, La.
{Signed)
JOHN MONTERO. Per Lawrence Montero,
four hundred t4oo) shares. Houston, Texas.
(Signed)
a. W. BRANDE, four hundred t4oo) shares
La.
Witnesses: E
(Signed)
PEARL LANDRY,
(Signed) si
J. G.. RICHARDSON.
(Sgned) c. C. WEBER.
Notary Public. I
l. Richard Melancon, clerk of court and (
ex- oficio recorder Of the parish of Ascen- i
zion, Louisiana, do hereby certify that the /
above and foregoingsis true and correct
.opy of the charter of MONTERO &
3RANDE. INCORPoRATED. the or;a;na, Of a
which, was this day duly recorded in This of. 3
ice in Book Of Charters No. l, folio 40. It
req. @
Witness my official signature and seal of
'ffice on this 2lst day of December, 1922.
, r. MELANCON,
Clerk OF Court and Ex-officio Recorder of
the Parish of Ascension, louisiana
.