The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1889-05-17


All lhr corporate powers OF this Corpora-
lion shall bca Vested i'll and exercised 6y a
board Of Five directors, three OF more Of
said directors shali constitute uquoulm for
the transaction Of business. The stock hold.
err shall elect three directors from there
number al the time Of thorr regular meeting in
August 1850 and thereafter at there time of meet
ing in August Of each year, each stock holder shall
be- entitled 10 a vote for one share and one for
cayeTy five shares thereafter not TO exceed five
votes III all said votes to be cast by the stock
hOder or by proxy, the directors then elected shall
serve and continue in office until there
shall have bin elected. A failure to elect dirtc.
tors Oh the day spoCitde shall not dissolve the cor
pUrauUu but the then existing board Of directors
shall continue to hold there Office and a mother
election shall be held in the space Of thirty dawes
thereafter whereof ten days previous Notice shall
be given by Posting written NOtises conspicuous.
~. Nacancis in said board from aney cause what
ever shall be filled by election at meeting called
for that purpose, said board of directors NAV as
well as APPOINT from time to time and dismiss such
manAgers and clerks and agents and employees as
may deemed necessary for the business and Dur.
pos Of this Association and fix there remuneration
and make and establish as well as aDnull an liter
all by lawes rules and regulations deemed reOuiset
loT the support and management Of the business
ART. VII.
All profits earned shall be applied, 1st. To nav
all operating expenses. End. 10 pay eight per
cent per aunum on the amount Of paid IN capital
stock the balance it aney shall be distributed
NlhHN hHNViuluB 10 tllb amount OF klOCk held by
each stock holder.
ART TX.
This act Of Incorporation may be changed
mod ihdc OF said Corporation may be dissolved
with the consent Of three fourths of the stool
represented, and majority of the amount thereot
issued at any general meeting Of the said CorpOr
alton convened for such purpose after thirty dayi
notice Of such meeting shall have bin previously
| given.
ART. Y.
|
| either by Limitation of its Charter or any othe
cause its affairs shall be lquidated by three com
| missioners to be appointed by the stock holder
/ NJ general meeting called for that purpos sal,
| commissioners shall remain in Office until til
| affairs Of said Corporation shall have been full
i liqudated and in of death of one or more q
4 said Commissioners there shall be a meetin
called by the stock holders for the election
other commissioners to fill said vacancies
4 ART XXI.
i By virtue of the authority vested in US Oh
directors of this Corporation being duly electe
BY the stock holders of said Association sal
directors are hereby declared to hold Office 4
directors until the next regular election in AM
1850.
ART XII
Should any stock holder desier to depart fro
the country to auch distance as would render
inconY enisnt for linn 10 bold stock he viii /
allowed to withdraw his share.
tSigped,l 9. II. KEARGEY, Pres
{" u. i. CANNON, vi Pret
II J. j. EAVES, JR. Seetv
y w, H. Y. EANES Treas