The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1873-07-02

subsequent dividend shall be maao
til such losses shall have been Cow
and made up by the profits.
ARTICLE TX.
No stock holder shall be resnon.,,.
OR liable for losses or damages inc "s.o
by said Association beyond the ANN
of capital stock held or owned hr !!
or them. w
ART1CLEx.
When tho whole amount of ~.
subscribed for shall have been maid
it shall be the duty of the Pres;a.
and Board of Directors to issue ca,,;s
Gates to the stock holders for full wv "
shares.
ARTICLE x1.
Any stock holder who shall a.,
neglect to pay any installment d.
ordered by the Board of Directors KIN
forfeit to the Association any prer; sss
payment or payments made by h;s
and shall cease to be a stock hoida, !;
said Association Provided this A..
citation may sue any subscriber for Il.
amount of his subscription if il i = 8
disposed.
ARTICLE XII.
A book for the registry and tran,,..I
of shares of the capital stock shall !.
opened, and all transfers of stock sh.s
be made on the books of the Ascot; ,.
ton and signed by the party transis,
ing, or his agent.
ARTICLE XIII.
The Board of Directors shall h,,.
pewer to make and adopt such by.las.
as they may deem necessary for in.
management and regulation of the b =.
mess affairs of this Association Prov;
ded such bylaws do not conflict viii
the provisions of this Charter or nss
laws of the State in reference to ca. az
porations.
ARTICLE XIV.
The stock holders ofthis Associate,
at q general meeting convened for thai
purpose after ten days notice in one q.
more newspapers III tile city Of Aler.
andria, shall have power to make any
modification, addition or changes 4
this act of incorporation or to dissolys
it with the assent of three fourths ii
the stock holders represented at sueh
meeting and all such notifications. Al.
dition and changes shall be recorded /.
required by law.
ARTICLE XIV.
At the expiration of the Charter !,
sooner, by three-fourths of the stesk
represented at a meeting held for tint
purpose, the affairs of this Associatios
shall be liquidated, it's debts paid, aad
any balance remaining ia be distsibs.
ted among the stock holders pro mn
on the amount held by each Of paid I.
stock. The liquidation shall BE- mad.
by three commissioners appointed =
tile Board of Directors for that pui.
pose, and all necessary powers shall u
conferred upon them. Their compeu.
sation and the time allowed for LIQUID.
alton shall be fixed by the stock
holders.
ARTICLE XVI.
The books of the Association shallbe
opened for subscriptions to the capitsl
stock and any person may become q
stock holder, it being the object and
purpose Of this Association TO have u
many of the agriculturists of this Pal.
ISL interested as possible.
ARTICLE XVII
This Association can consolidate
with the Rapides Jockey Club on such
terms as may be stipulated by the
Board of Directors aud 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.
J. c. French, w. F. Rlackman,
John Maddox, A. Cockerille,
Geo. w. Stafford, r. L. Luckett,
Nelson Taylor, S. Cullen,
J. P. Smelling, Chas. II. Flower,
Jeff. Wells, Montfort Wells,
e. M. Wells, Frank Blanchard,
Carey Blanchard, Henry Blanchard,
J. N. Taylor, T. NJ. Wells,
Jas. Hickman, W. E. Taylor,
+. II. James, r. H. Wilmington,
J. H. Sullivan, James S. Fish,