The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-07-04

meeting after their own election, choose
from their own members President, Vice
President, Secretary and Treasurer; and
shall have power to fill any vacancies from
any cause in their own number or in any of
the officers of this Corporation to make, as
well as change, alter or repeal all such by
laws or rules and regulations for the con-
duct and management of the business of the
Corporation as they may deem best; to APP
point from time to time such officers,
agents, clerks or other employees as they
may see fit, and the same to dismiss at
for the filing of any Office during the tenn
porary absence or inability to act OF its en-
cumbent ; to borrow money; buy or lease
land buy building material and machine
rry; execute mortgages or pledges; issue
bonds or notes buy and sell personal prop
whatsoever, and all things whatsoever
pertinent to the objects and pur-
poses of said corporation, and which are
permitted by law. In exercising these
powers the said Board of Directors may act
either directly or through such officers and
agents as they may appoint. TWO members
shall constitute quorum of the Board for
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 u 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 at
a general meeting convened for that pur-
pose after thirty days notice By the Secre-
tary: and in case of a vacancy among the
commissioners it shall be filled by general
election In the same manner.
ARTICLE TX
This act of incorporation may be changed
or amended or the corporation dissolved
with the assent of the majority in amount
OF the capital stock at general meeting OF
the share holders convened for such pur-
pose after thirty days prior notice given
as hereinabove provided. Said special
meetings must be called upon the written
request OF two stockholders owning at least
one-tifth of the capital stock of said corpor-
alton. The term "CAPITAL STOCK used
in this connection and otherwise herein.
means the total amount of stock issued at
that date and not the total authorized
capital stock.
ARTICLE x.
No stakeholder of this corporation shall
ever be held for its contracts in any further
sum than the unpaid balance due on the
shares of stock owned by him, nor shall any
mere informality in organization have the
effect of rendering this charter null or ex-
pose stakeholder to any liability beyond
the amount of his stock.
Thus done and signed at my office In
Lake Providence. Louisiana, on this the
25th day of May, 1896, in the presence OF me
Notary, and III. Stein and N. Fousse, COM
petent witnesses, who have signed hereun-
to as such.
JOS. e. RANSDELL,
e. j. HAMLEY.
JAS. s. MILLIKIN.
Il. J. POWELL.
Attest:
III. STEIN,
N. FOUsSE.
VIII. MONTGOMERY.
Notary Public.
Recorded In Mortgage Book s'Y," PIP.
1888, ct seq.
Witness my hand and seal this 25th day
of May, 1896. ID. w. GILMOUR.
Deputy Clerk and Recorder.
Lake Providence, La, May 80, 1896.