The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1896-03-25

officers Us its interests and convenience
may require, to make md eska blisll such
bylaws aud rules, for the proper man.
syenient and regulation of its affairs, as
may he necessary and proper, and gem
orally shall possess, enjoy and exercise
all the rights and privileges granted bY
law to corporations, and the President,
or in his absence, tho Vice President or
i'll the absence of both, the Secretary.
Treasurer shall he tho proper officer
npon whom shall be served all citations,
notices or nthcr legal process against
said corporation.
ARTICLE II.
The objects and purposes Of this corpo.
ration. shall he to manufacture barrel
stock, consisting of the manufacture Of
barrel slaves, barrel headings, barrel
hoops and any aud all material necessary
in putting ny barrels.
ARTICLE III.
The capital stock of this CORPORATION is
hereby fixed At Twenty Thousand Dol
lars, divided into two hundred shares oil
One Hundred Dollars each, payable
either in cash or in snch manner as the
Board Of Directors may determine. The
Company to begin operation AZ soon ~.
Five Thousand Dollars shall have been
subscribed.
ARTICLE ".
The corporate powers Of this corpora.
tieH shall be exercised by Board ol
Seven directors who shall be elected an
nuailS, nj the general meeting Of tn.
stuck holders Of this corporation, as pro
vidca herein, after ton days previou,
notice thereof, shall have. been given by
publication III one of the newspapers il
this city. And all Of the said Board sllal
be elected by the Stockholders OH til,
first Monday Of March, each year, cor,
mencing with the first Monday Of Marcel
1897. -Four members shall constitute ,
quorum for the transaction uf business
SAID elections shall he hell vt the domi
ellis Of said corporation, under tho super
vision Of three stockholders, appointed
BIZ the Board of Directors. The stock
h"'d,rs receiving majority of the vote
cast shall he elected. Each utockl,olde
shall be entitled i'll person or by proxy
to ono vote for each share OF stock Ownr.
I Ivy him. The failure to hold tho election
on the day specified shall not dis
solve said corporation. but the direc
tors then in office shall hold owe
until an election il held in the man
ner herein provided for. and in al
dition tn r.to written notice Of sal
election shall first ~ given to each stock
holder at least ten days previous to sue
election. The Directors shall elect from
their number, President, Vice Presi
demo and Secretary Treasurer. Sal
| directors shall have power to till oil va
cancies in their lumber, and shall hav
general authority to carry ont the hj~ct
and purposes Of this corporation.
ARTICLE
The frat Board of Directors sail cot,
sis. OF George ". Bolton, f. T. Mulyi
hill, Il. u. Lnveland, Il. Ehrstcin. F.
Aldrich. L. J. Hakenyos, and A. Psttin
| gill, with enid George W. Bolton, q
President; E. z. Mulvihill, vice-Pres
don't aud r. Il. Loveland AZ Secretary
Treasurer and +. Il. Aldrich, as Manage,
ARTICLE VI.
! All checks, promissnry notes, drafts, &C
ceptancrs or other evidences OF debt, a
| we'll as obligations Of any kind, bindin
the SAID corporation, shall be signed b
the President, or IN his absensc Vt inca
pa. ity. to act, then Ivy tho Vice resitleu,
and shall he countersigned by the Secre
sary Treasurer, or in his absence OF in
capacity to act, then by Secretary
! Treasurer pro TEN, appointed by tn
Board of Directors for that purpose.
ARTICLE VII.
This act ofincorp"ratinM may be chang
ed, altered or modified, nr said corpora
ton may be dissolved. with the consent q
three fnur.hs of tho capital stock repre-
,entcd at any general meeting OF tn
stockholders of said corporation, conven
&c! fer hat purpose, after ten days motto
Of sncl, meeting shall! have been given b.
| publication in one or moro of the news
papers published in this CITY,,
ARTICLE VIII.
No stockh0ldrr shall ever bs held liahl
or responsible for the contracts or fault
of said corporation in any further sun
,han the unpaid balance, due on Il,
share of stock owned by him, nor sha
Any mere informality in organization
have the effect Of rendering this charte
Nuil, Ut oI exposing any stockHOIucr
any liability beyond tue amount due b.
him on his stock.
ARTICLE TX.
Whenever this corporation is dissolved
either by limitation Of its charter. q
from any other cause, its affairs shall b
liquidatcd BY three commissioners 70 b
elected from among the stockholders, a
a general meeting of the Stockholders
convened after ten days prior notice, i
one or more newspapers published in tIi
city. and by vote Of three-funrths j
amount of the capital stock of said corpe
ration; said commissioners shall renal
in Office, until the affairs Of said corpors
ton shall have been thoroughly liquida,
ed, and in case of the death Of one q
more of said commissioners, the survive
or survivors shall continue to act.
Tins dono and signed in my Office, i
the City of Alexandria, Rapides Parisf
Louisiana, in presence of A. Wettormarl
Jr., and e. N Fitzpatrick, two comp,
TINT witnesses, and mo, Notary, and afte
due reading. G. w. BOLTON,
THos. CLEMENTS,
E. p. MuLvIHILL,
Ynvvg 4xn