The capital stock of this corporation is hereby
fixed at the sum of fifteen thousand dollars,
divided into one hundred and fifty shares of one
hundred dollars each. The said stock shall be
issued for cash or its equivalent in such manner
as may be determined by the board of directors.
This corporation shall become a going concern
and shall be authorized to do business as soon
as three thousand dollars of its capital stock
shall have been subscribed and paid for.
ARTICLE IV.
r The business of this corporatiohs shall be con
I ducted by a board of four directors who shall be
electli annually on the last Saturday in Febru
ary in each year. Said board of directors shall
elect from among themselves a president. a vice
1 president and a secretary-treasurer. A majority
r of the board of directors shall constitute a
quorum for the transaction of all business. The
I first board of directors of this corporation is
hereby declared to be as follows: President. Ar-.
thur 8. Rusk; vice president, Cecilien Esneault :
secretary-treasurer, Louis N. Boston, and David
F. Lawrence.
ARTICLE V.
Upon the dissolution of this corporation by
limitation or otherwise its affairs shall be liq
u nidated by two commissioners to be appointed
by the stockholders.
8 Thus done and passed in the parish of Ascen
s sion, state of Louisiana, on the day, month and
year first above written in the presence of G.
e Cire and U. J. Esneault, competent witnesses,
who hereunto sign their names together with
appearers. And saidappeam prshereby subscribe
to the amount, of shares set opposite their re
spective names.
Original signed:
ARTHUR S. RUSK ...................24 Shares
LOUIS N. BOSTON -----...................--17 Shares
D.tNIEL F. LAWIINCE. per A. S.
