The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-07-11

NEARING after their own election, choose
from their own members PRESIDENT, wy
President Secretary and treasurer anu
shall have power to fill any vacancies iron!
onv cause In their own number or In any OF
the officers of this Corporation 10 MAXI, DO
we'll as change alter or repeal all sucn ny
laws OF rules and regulations LOT the cvn-
duet and management of the business ol .ne
Corporation as they may oeem pess t so
noint from time to time sueh omcels,
AGENTS. clerks or other employees as they
NAV see fit, and the same 10 DISMISS as
pleasure to make and speciai prosis.ono
{ for the filling of any office during tne teni-
| norary absence or inability to act oil lls eh-
| ppumhent TO borrow money; buy or lease
| land buy building material ana macnine-
| nv execute mortgages or pledges issue
| hands or notes buy and sell personal prop
erty: and generally to make all contracts
whatsoever, and all things things w snd pnr.
noses of said corporation. and when are
/ permitted by law. In exercising these
nowers the said Board of Directors may ACT
either directly or through such ohcefs anu
agents as they may appoint. Two mempe sls
shall constitute quorum of the Board ior
The transaction of business. In ease OF the
!. | ohsence of any member OF said Board ne
| shall have the right, by written procu,a-
tion. to select a proxy from among the
: share holders.
ARTICLE VIII.
When this corporation is dissolved it's
, affairs shall be settled by three commas
sioners, selected by the majority po.n ~
numbers and.amount ofthe stoekhoioefs AT
. general meeting convened tor that pur-
e nose after thirty days notice by the Secre'
4 ffarv. and in case of vacancy among the
+ commissioners it shall be filled by genera
i election IN the same manner.
Z. ARTICLE TX.
This act of incorporation may be changed
n or amended or the corporation dlssolVe'
r with the assent of the majority In amour
N Of the capital stock at a general meeting o
g. the share holders convened for sucn puf
d nose after thirty days prior notice giVe'
d rs hereinabove provided. Said specia
ID meetings must be called upon the Writte
IN request OF two stockholders owning at Ieas
te one-fifth of the capital stock oil SAID corpoi
er at,on' The term CAPITAL STOCK" use
IS i'm this connection and otherwise hereil
lg means the total amount OF STOCK lssueu
that date and not the total authorize
capital stock.
ia ARTICLE x
rs No stakeholder of this corporation sha
Dy ever be held for its contracts in any iurtht
h. sum than the unpaid balance que On VI
or Shares of stock owned by him, nor shall aa
as mere informality in organization nave 10
ID effect of rendering this charter nun OF e!
ali pose stockhoder to any liability beyon
err the amount of his stock.
he Thus done and signed at my ol.oo
sh Lake Providence. Louisiana. on thls u
ed 25th day of May, 1896, 10 the presence OF
ed Notary and II. Stein and N. Fousse. COZ
Di- potent witnesses, who have signed hereu
u.s. to as such.
1y. " 90 JOS. E. RANSDELL.,
ld- 4. j. HAMLEY.
en JAS. s. MILLlK1N.
re- T.. J.POWELL.
or Attest:
cid III. STEIN,
me MOUSSE. n,v
Ing w. III. MONTGOMERY
Ger Notary Public
or- Recorded in Mortgage BOOK Il, y
10 1888, ct seq. ox., 4
ket Witness my hand and seal TINS Z2In
The of Nav. 1896 ID. w. GlLMOUh.
! of Deputy Clerk ADD Record
his Lake Providence. La, May ~, 1910.
an |