Thibodaux commercial journal. (Thibodaux, Lafourche Parish, La.) 191?-1959, 1922-09-02

Iy.
products, goods, wares, or mer
chandise whatever, and for the
purpose aforesaid to acquire, cor
struct, lease, own, maintain anC
operate any buildings, stores
/ cOmmissaries, warehouses ant
other works necessary therefor
and to carry on any other bust
ness under the law it may be en-.
titled to carry on ,, which may
seem to the corporation to be cal
culated, directly or indirectly, tC
ef'cctuate the aforesaid objects
or either of them, or to facilitate
it in the transaction of its afore-
said business or businesses or
any part thereof, or in the trans
action Of any other lawful busi-
ness that may be calculated, di-
Irectly or Indirectly, the enhance
tFa value of or render profitable,
any of the above properties and
rights. And generally to hold and
exercise all such Incidental pow
ers and privileges as relate to
the objects and purposes herein
before set forth, or as may be ne
ce ssary, useful convenient for
GffectUating such objects and
purposes.
(. ARTICLE III.
+fie present capital stock OF
fai5 Corporation is declared to
be Five Thousand (S5,Q00.00)
Dollars. divided into fifty (50t
shares. at a par value of One
Hundred (S1OO.O0) Dollars each,
Ct which more than fifty per
cent. $50 per cent? has been SUBJ
scribed for, before the filing Of
thee articles of incorporation
and paid for, as herein ddeclared !;
the balance to be paid for at the
call of the Board of Directors at
such times and in such amounts
as such Board may determine
within the time prescribed by
law.
Two Thousand Dollars {$2OO0.-
QO) of the capital stock of this
Corporation has been paid for in
the transfer to this Corporation
and the exchange therefor Of
twenty (2O) shares Of stock 70 L.
Ernest JeandrOn Of a certain
stock Of goods, wares. merchan-
disc ana fixtures now in the
store owned by l.. Ernest jean
dron. with the good will of such
business. as is evidenced by
detailed and itemized descrip-
ton Of such stock of goods, wares
ard merchandise, with its loca-
ticn and character, together with
a statement Of its value placed
thereon. as appraised by the
Board Of Dir ectars of this Cor
poratiCn, hereto annexed AMI
made part of this Charter.
ARTICLE ".
The Capital Stock of this Cor
poration may be increased to
TEN THOUSAND DOLLARS
(S10,000.00) Dollars, or may be
decreased, as prescribed by law.
ARTICLE Y.
The affairs Of this corporation
shall be managed by Board Of
Directors to be elected annually
by the stockholders, at its an
.nual mec1'rH :: be held at In do
mlcjIe- Of the corporation, on the
first Tuesday of January of each
year, at which meeting each
share of stock standing in the
name of a stockholder for thirty
800 days prior to such meeting,
present in person or by written
proxy. shall qbe entitled to one
vote: a majority shall elect, such
election shall be by written or
printed ballot.
ARTICLE VI.
The Board of Directors shall be
composed of not less than three
(3) nor more than five (5) stock
holders. each of whom shall own
at the time of his election not
less than one ~ share of fully
paid and unpledged stock. stand.
ing in his name at the time OF
his election on the books of tho
Corporation, and shall serve for
one year from the date of their
election. or until their successors
are elected. Two (2) of such
Board shall constitute a quorum
for the transaction Of business
Any vacancy which may occur IN
such Board shall be filled by
the remaining members thereof
of and the members so elected to