The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-06-27

meeting after their own election, choose
from their own members President, wee
President. Secretary and treasurer; anu
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 sucn Dy-
laws OF rules and regulations for the con-
duct and management of the business OF the
Corporation as they may deem pest; 20 ap-
point from time to time such ofhcers,
agents, clerks or other employees as they
NAV see fit and the same to dismiss at |
pleasure to make ard special provisions |
Tor the filling of any office during the tenn
porary absence or inability to act Oh lts en-
cumbent to borrow money: buy or lease
| land buy building material and macnine-
nv: execute mortgages or pledges issue
bonds or notes buy anu sell personal prop
erty and generally to make all contracts
| whatsoever. and all things whatsoever
pertjpent to the objects and pur-
noses of said corporation. and which are
permitted by law. In exercising THESE
| mowers the said Board of Directors may act
either directly or through such ofncers anu
agents as they may appoint. TWO mempers
shall constitute quorum OF Inc boara I iol
the transaction of business. In ease OIL 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.
i ARTICLE VIII.
When this corporation is dissolved It's
affairs shall be settled by three commas
, sioners. selected by the majority both ID
numbers and.amount of the stockholders at
a General meeting convened for that pur-
pose after thirty days notice by the Secie.
2 tary: and in case of vacancy among the
| commissioners it shall be filled by genera
election In the same manner.
ARTICLE TX.
This act of Incorporation may be cDangee
| or amended or the corporation dissolved
0 with the assent of the majority IN amour
: of the capital stock at general meeting y
\ the share holders convened for sucn pur
}. pose after thirty days prior notice glvel
d as hereipabove provided. Said specia
q meetings must be called upon the writer
o. REQUEST OF two stockholders owning al leas
n one-fifth of the capital stock oil said corpoi
e atom. The term "CAPITAL STOCK" use
n i'm this connection and otherwise herein
Is means the total amount of stock issued a
g that date and not the total authorize
capital stock.
ARTICLE x.
is No stakeholder of this corporation sna
rs ever be held for itR contracts In any iuftne
~ sum than the unpaid balance due on tn
u. shares of stock owned by him, nor snali an
Or mere ipformality in organization nave III
as effect of rendering this charter null or g.
b. pose stakeholder to any liability beyon
LII the amount of his stock.
r. Thus done and signed at my ounce |
ne Lake Providence. Louisiana. on TINS ~
sh 18th day OF May, 1896, in the presence OF n
ed Votary;and III. Stein and N. Fousse, cor
ed petent witnesses, who have signed hereu
Is W as 'N JOS. E. RANsDELL,
~. E. HAMLEY.
ID JAS. S. MlLLlKIN.
en- t. POWELL.
re- Attest:
u III. STEIN,
siu MOUSSE. .,,v
ng Notary Public.
Ter pooordod In Mortpaoe Book "Y," p
~ 1888, ct seq. OIL. a
ket n, Nav Is06. DIV. GLAMOUR.
ne Deputy Clerk and Record'
OF Lake Providence. La, May 80, 1896.