The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-03-11

disposed OF. - :, - go,
NAV be re-issned at the discretion OF the
Board of Directors.
ARTICLE w.
| The corporate powers OF this organization
/ cxcrnt as hereinafter or otherwise pro-
videi. shallbe vested in and its affairs ana
business be managed by Board oil nve De
rectors. each'of whom shall own IN MS own
right at least five shares Of the stock Of saiu
me hoard OF Directors shall be elected
by tie stockholders annually ON the iatn
day Of the month OF January Oh each year,
except when said date falls on SUNDAY .then
in that event, said election shall take piace
i ON the dav thereafter. the first election IN
i der this charter to be held on the Sist DAY
of December, 1872.
!, A. snch elections each share of stock rep.
resented shall be entitled to one vote, aud
the tive stockholders receiving the h,ghess
!, number OF votes shall be declared elected
4 directors for the ensuing term. provided
that ut least three-fnurths Of the subscribed |
& stock be voted ut such election otherwise |
the election to be null and void and new
election to be held as hereinafter PROVIDED
for Said election shall be by ballot. ana
shall lie held at the .lomicile OF accompany
hinder rhe supervision of the stockholders
appointed By the Board Of Directors
s. The Secretary shall give 10 daysnotice OF
such regular election by pnbiieat ie n IN Z
depce La Failure to hold an election on
the aforesaid date or the failure thereof by
| reason OF the required amount OF stocs hot
being voted shall not dissolve this corpor-
alton. but the directors ana other oii'c rs,1
then in Office shall hold The same and con-
Time until an election can be held rs soon
thereaffer as possible after publication rs
aforesaid and after the Secretary snaii nave
sent to each stockholder or bis authorized
agentthrough the mail TO bis last known
I . ,o,.a DTlQr
4 majority of said directors shall consti-
tute quorum for the transaction OF nusi-
ness. They shall annually elecs rom the
stockholders President, vice iresiuehe.
Ill Secretary and Treasurer.
The powers and duties of said officers
u shall be such as shall be provided ny saio
Board of Directors. ard as properly ana
- usually belonging 10 said officers; ana ne
fore entering upon the discharge OF ms au.
N ties the Treasurer shall give bond In sach
sp,p as shall be prescribed by the Board Oh
Directors. and it shall be discretionary Win
80 the said board to require bond of any otner
officials or employees.
Tie President shalt be ana IL hereuy
designated as the presiding oillcer. pul
shall have no vote herein except IN ease
there be tie vote. which he shall tnen
IN give the casting vote.
~ He is hereby designated as the of1cel
upon whom citation and all other ie.aa Psp y.
II =
-, ai,sen.e or vacancy IN said office from an,
; ca,,se then upon the Vice President ant
m, in case OF the absence Of both OF said oficer
10 or u vacancy therein, then upon the oecre
tx tary.
's' and authority to adopt all bylaws. rule
and regulations not inconsistent with thi
al charter for the proper management, contro
80, and Conduct Of the business OF the Con
many. and for the accomplishment OF IN
III ~ n
lrd change. alter or amend. to acquire. reeeiVs
IN 1 nure,,ase erect aud construct any and
kinds.of buildings, sell. convey. lease NOR
20 gage. pledge or hvpothicafc such propeft'
... ..;;ers5:s... and mi yea. ms may Dc nece
INT sary and convenient and proper tor III
for transaction OF the business OF the corpo
nv alton: and through its proper officers
-. make and sign all notes. bills. drafts. ordel
see or bonds. contracts and instruments
ave writing necessary and proper III the col
adj duet Of such business. to Tx the salaries
al ot.is.ers or employees. to fill all vacanci'
occurring among their own number I
- among the officers OF the Company .and 90
orally to do all such matters ana Things
may lie necessary in the conduct and ma
agernent OF the business not otherwise pr
lia- yided fOrby the charter.
The following named persons are beret
declared 10 constitute the first boara
or Directors to-wit Judge r. Monsgoi
cry. w N. White. Jos. T. Ransdell' >
/
this hold Office unit; the 10th DAY of Januar
me 1891.
for And the following named persons a
,om- hereby declared to he the first oincers
wit said COMPANY. viz: President. ~ , u
ned, Iiken: Vice President. +. x. bernard -
sons retary and Treasurer. ". NJ. Purdy; all
bed, whom shall hold Office until the 10Th DAY
irish January, 1884.
leu, ARTICLE v.
this No stockholder of this corporation sh
Dn of ever be held liable or responsihie Tor |
III as contract, faults or failures Thereon Ia y
rela- further sum than the amount OF uhp'
n of stock for which be has subscribed or n
8 or Nor shall any informality in organizati
they have the effect of rendering this char
rein. null
. the Tins corporation shall have power
stip- issue stock for services rendered. or 10
ions. rendered to it, OF ID payment OF pureHa
now made by it.
ARTICLE VI.
Whenever this corporation shall be
alton solved. either by limitation OF rs cnarts
from any cause.-the business and AFFAIRS u
NJ of shall he liq,iidated and wound up ny III
sl;;us commissioners to be appointed by the SIC
holders from among their own hummer
general meeting convened for that purl
4 the after 20 days prior notice IN nsWspa
I'll ! published in the town OF Psoyidence,
!, =, 20 aIso sent to each stakeholder or his autl
ai,srs lied agent by the Secretary. through
rsar mail to his last known address. Said 6
mssloners shall remain in ONCE untii
-, ~ affairs OF sad corporation SHAH be I
y'eys liutiidated. aud should there be vacs
,a,ysd from any cause. the remaining comnlss
~ al / ers shall continue to act and wind up
nad affairs of this corporation. Said com
:, , @a. sioners shall give bond in such an amt
,cl, rs as should be required BY the Board o.
,ctors, rectors.
their ApTrrrE VII
sell,
pledge This act of Incorporation may be
erson- fed. changed. altered or AMENDED, OF
ne and corooation may be dissolved py
law AS assent of three-iourths Of the capital :
ectors represented at any general meeting .
proper Stockholders convened for that purl
lereof, after 20 days notice given to eaea =
is and holder or his authorized agent througu
ed !: TO maiIby the Secretary. addressed to MS
ectors, residence and in newspaper puniisn'
nyeni- the town OF Providence. provided
make tliree-tourths of the subscribed STOCK
proper be voted. otherwise said vote sia,, oe.
fairs as and void. and new meeting shall oe
lot IN for said purpose. !,
avs OF Thus done and passed at nv once ~
gener- town of Providence, parish aud
nt