The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-05-30

mating after their own election, choose
from their own members President, vice
President. Secretary and treasurer; anu
shall have power to I'LL any vacancies from
any cause In their own number or ID any OF
the officers of this Corporation TO make, no
we'll ne change. alter or repeal all such by
laws OF rules and regulations for the con-
duct and management of the business OF the
Corporation as they may deem best; TO ap-
point from time to time sucn oIncers,
agents, clerks or other employees as they
may see fit, and the same TO oismiss AZ
pleasure; to make and special provisions
tor the filling of any office during the tenn
porary absence or inability to act OF It's en-
curnbeut to borrow money; buy or tease
land buy building material and machine
nv execute mortgages or pledges issue
bonds or notes buy and sell personal prop
erty and generally to make all contracts
whatsoever, and all things whatsoever
pertinent to the objects and pur-
poses OF said corporation. and which are
permitted by law. Iu exercising these
powers the said Board OF Directors may ACT
either directly or through such officers ana
| agents as they may appoint. Two me.lpe e. >
shall constitute quorum OF the Boare LOT
the transaction of business. In case OF the
absence of any member OF said Board he
| shall have the right, by written procura-
| ton, to select proxy from among the
| share holders.
ARTICLE VIII.
! When this corporation is dissolved its
affairs shall be settled by three commits
sioners. selected by the majority both IN
numbers and.amount of the stockholders al
| n general meeting convened for that pur
pose after thirty days notice by the Secre
tarv: and in case of a vacancy among tnt
commissioners it shall be filed by genera
election IN the same manner.
ARTICLE TX.
This act of Incorporation may be changes
or amended or the corporation dlssoiVe'
with the assent OF the majority In amour
| of the capital stock at general meetlng 0
the share holders convened for sucn puI
pose after thirty days prior notice giyel
rs hereinabove provided. Said specia
meetings must be called upon the WRITER
request OF two stockholders owning at ieas
one-fifth of the capital stock Of said corpol
alton. The term "CAPITAL STOCK" use
! in this connection and otherwise Dereih
means the total amount of stock issued q
that date and not the total authorize
capital stock.
II, ARTICLE x.
No stockholder of this corporation sha
ever be held for its contracts in any iurthe
sum than the unpaid balance due on tn
7 shares of stock owned by him, nor hhall an
; mere informality in organization nave I'd
. effect of rendering this charter nun OF e,
pose a stakeholder to any liability Deyon
: the amount of his stock.
Thus done and signed at my once
2 Lake Providence, Louisiana. on this th
! 25th day OF May, 1896, in the presence OF N
! Notary and III. Stein and N. Fousse, con
: petent witnesses, who have signed hereui
:. JOS. f. RANSDELL,
! e. j. HAMLEY.
a JAS. s. MILLIKIN.
: IT, POWELL.
I Attest:
I'll. STEIN.
g W. MONTGOMERY.
r Notary Public.
r Recorded in Mortgage Book "Y," p
= 1888, ct seq. =,
i Witness my hand and seal this 10Th d'
e of Nav. 1896. ID. w. GLAMOUR
u Deputy Clerk and Recorde
. Lake Providence. La, May 80, 1876.