The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1873-07-09

subsequent dividend shall be made nm.
til such losses shall have been covered
and made up by the profits.
ARTICLE TX.
No stock holder shall be RESPONSIBLE
orllabIe for losses or damages incurred
by said Association beyond the amount
OF capital stock held or owned by him
or them. ~
---' ~ ARTICLE Y. - --.'E
When the whole amount of stock
subscribed for shall have been paid up,
1t shall be the duty of the President
ana Board OF Directors to issue ce. tiff
Gates to the stock holders for full paid
shares. .,f.rr .. .t H..
+ ARTICLE XII.
Any stock holder who shall fail or
neglect to pay any installment when
ordered by the Board of Directors shall
forfeit to the Association any previous
payment or payments made by him,
ana snail Cease to be stock holder in
SAID Association; Provided this Asso-
clation may sue any subscriber for the
amount OF his subscription if it is so
disposed.
ARTICLE XII:
"A book for the registry and transfer
Of shares of the capital stock shall he
opened, and all transfers of stock shall
be made on the books of tile Associa-
ton and signed by the party transfer
ing, OF his agent. '"o ).
ARTICLE KILL,
The Board of Directors shall have
power to make and adopt such bylaws
as they may deem necessary for the
management and regulation of the bus
mess affairs ofthis Association Provi
ded such bylaws do not conflict with
the provisions of this Charter or the
laws of the State in reference to Cor
lpOratiurs. ~
ARTICLE XIV.
| The stock holders ofthis Association
at a general meeting convened for that
purpose after ten days notice in one or
more newspapers In the, city of Alex
andria, shall nave power to make any
modification, addition or changes in
this act of incorporation or to dissolve
1t with the assent of three fourths of
the stock holders represented at such
meeting and all such notifications, ad-
dltlon and changes shall be recorded as
required by law.
ARTICLE XIV.
At the expiration of the Charter or
sooner, by three-fonrths of the stock
represented at a meeting held for that
purpose, tlS affairs of this. Association
shall be lidHldated, its debts paid, and
any balance remaining to be dstlibu-
ted among the stock holders pro rata
on the Amount held by each Of paid mp
stock. The liquidation shall be made
by three commissioners appointed by
the Board of Directors for that pnr
pose, and all necessary powers shall be
conferred upon them. Their compen-
sation and the time allowed for liquid
alton shall be fixed by the stock
holders.
ARTICLE XVI.
The books of the Association shall be
opened for subscriptions to the capital
stock aud any person may Income
stock holder, it being the object and
purpose of this Association to have as
many of the agricultnrists of this Par
Ish interested as possible. -.
-r. ARTICLEiXvII
This Association can consolidate
with the Rapides Jockey Club on such
terms as may be stipulated by the
Board of Directors and the stock hold
ers of the Rapides Jockey Club; pro-
vided the consolidation of the two shall
not change the name and title of this
Association. 81. rs atE
j. C. French, W. F. Rlackman,
John Maddox, A. Cockerille,
Geo. W. Stafford, Il. L. Luckett,
Nelson Taylor, S. Cullen,
y. p. Smelling, Chas. H. Flower,
jeff. Wells, Montfort Wells,
E. NJ. Wells, Frank Blanchard,
Carey Blanchard, Henry Blanchard,
j. N. Taylor, '' T. NJ. Wells,
Jas. Hickman, Ga w. E. Taylor,
F. H. James, .- r. II. Wilmington,
j. H. Sullivan, James S. Fish,
John S. Butler, Ma u rice Heyman,
A. G. Compton, Henry Luckett,
James G. White, F. Seip,
J. P. Grogan, w. r. Hobbs,
Carl A. Setback, w. K. j ohnson,
). Goodman, j. j. Ferguson,
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