The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-12-29

SUV SSSkAH0uy WNUVOV 0uy AuISuoE 0GslOn Ou
the part Of the company; but tho liability
Of the subscriber for the unpaid balance OF
his subscr!ption to the stook OF the com-
S' for the whois unless sor
tho payment Of any por cont. Of tho stock
subscribed BY him, the company shall grant
release for the unpaid balance. No stock
for the contracts and faults of the company
In any further sum than tho unpaid bal
ance or balances duo to the company on
shares owned by him or her.
AR1IcLE VI.
herein provided for, shall begin when ~
much - Seventy-five Thousand Dollars
have been subscribed to thc capital stock
y ~ Anr1cLE VII. r.. -a..,.,g
Section I. The corporate powers of the
company shall be veated In Board or Di.
rectors composed Of eleven stockholders, to
of the company, aud In such other officers
and agents as may from time to time be
appointed by such Board. No person shall
Dc Director who IL no T. the actual owner 81
said company. Directors shall be elected
annually. but IN case any such annual
meeting IL not held at the time appointed,
until others arc elected to I'LL their places.
Upon the death, designations, or other dis.
ability of any officer or director, the re-
ma shall have 70 I'LL
tors shall elect one of their number to be
President Of said corporation, and another
to DO Vice.Prosident, and may elect from
of the directors one person to DO Secretary,
and another person to be Treasurer OF the
company. Said directors shall have power
to make and prescribe such by Laws. rules
company as they may deem advisable, md
| shall have the power to alter, amend and
revoke the same from time TO time an they
nnh 1~~t.
elcctod at the first annual meeting hsroin e
after provided for. he Board Of Directors
! shall consist of the following named per-
sons, to-wit: Ftp; stubbs. Frcd. Endom,
Fndickar. \. J. Nelson, 4. N. Conner, $.
Meyer, L. Enaut and !. Baer. who shall At
once organize by eIecting the officers here
Sec. 2. An election for directors shall be-
by ballot, and every stockholder shall be
entitled to one vote, In person or by proxy,
for each share OF stock owned by him tor
at least thirty days previous to said cleo
ton.
Sec. 8. Five directors shall constitute a
quorum for the transaction of business.
ton of directors and tho transaction OF s,ch
business rs may be brought before tho
meeting, shall be hold on the second Tnes-
day in the month nhr of Nay yf IF each year.
This corporation may be dissolved at a
general nesting OF tho stockholders, con-
vened for that purpose with the consent of
three-fourths Of tho stock OF tho company,
and upon the vote Of two-third of tho stock
represented at such meeting; and in case of
such dissolution, the liquidation shall be
conducted by three commissioners elected
by ballot at such meeting; at the terinina-
ton OF this charter the liquidation shall be
conducted by similar board OF three COM
missioners, to be in the same way elected
at . general meeting OF the stock hoiGe
convened for that purpose.
In testimony whereof, tho aforesaid PR
ties have hereunto subscribed their names
in tho presence Of II. II. Russell and G. II.
Trousdale. witnesses OF lawful age and
domicil, and me, said deputy clerk and err
c6acio Recorder and Notary Public, who
berennto sign my name and affix my. senl
OF Office OH Tho day and date first above
written.