The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-06-13

meeting after their own election, choose
from their own members President, vice
President, Secretary and Treasurer; AM
shall have power to fill any vacancies from
any cause in their own number or In any ol
the officers of this Corporation to make, as
well as 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 pest 10 ap-
point from time to time such omcers,
agents, clerks or other employees as tney
may see fit, and the same to dismiss at
pleasure to make and special provisions
tor the filling 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 macnlne-
ry 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 when are
permitted by law. In exercising these
powers the said Board OF Directors may ACT
either directly or through such ofhcers anu
agents as they may appoint. Two members
| shall constitute quorum of the Board Tor
] the transaction of business. In case OF the
| absence OF any member OF said BOARD ne
shall have the right, by written procura-
| ton, to select proxy from among the
| share holders.
| All lChE v ILL.,
When this corporation is dissolved its
affairs shall be settled by three commas =
sioners. selected by the majority both IN
numbers andsamOunt of the stockholders al
a general meeting convened TOR that pur'
nose after thirty days notice by the Score
tary: and in case of a vacancy among the
commissioners it shall be filed by genera
election In the same manner.
ARTICLE TX.
This act of incorporation may be changet
or amended or the corporation dlssoive'
with the assent of the majority In amour
, | of the capital stock at general meeting o
the share holders convened for such pun
pose after thirty days prior notice glvel
as hereinabove provided. Said specla
meetings must be called upon the write
: request OF two stockholders owning at ieas
, one-fifth Of the capital stock OF SAID corpoi
. alton. The term "CAPITAL STOCK. use
! in this connection and otherwise herell
J means the total amount of stock issued a
; that date and not the total authorize
capital stock.
ARTICLE x.
No stockholder of this corporation sha
. | ever be held for its contracts in any furtne
y sum than the unpaid balance due on III
!. shares of stock owned by him, nor shall aa
: mere informality in organization nave W y,
2 effect of rendering this charter nun or e.
|: pose stakeholder to any liability peyon
= the amount of his stock.
Thus done aud signed at my office
: Lake Providence, Louisiana. on this ID
= 25th day of May, 1896, In the presence OF m
y Notary.and H. Stein and N. Fousse, con
petent witnesses, who have signed hereul
s. JOS. e. RANSDELL,
4. Ell. HAMLEY.
i JAS. s. MlLLIKIN.
t. POWELL.
~ Attest
n II. STEIN,
~ | MOUSSE.
% Notary Public.
y Recorded in Mortgage Book ~" p
tn 1888, ct seq. =,
W W Witness my hand and seal this 2SIh al
et ot Nav 1906 DIV. GILMOUR.
ne Deputy Clerk and Recordt
o. Lake Providence. La, May 80, 1895.