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

meeting after their own election, choose
from their own members President, Vice
President, Secretary and Treasurer; and
shall have power to I'LL 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 O. 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
pleasure to make aud special provisions
Tor the filling of any Office during the tem-
porary absence or inability to act OF its en-
cumbent TO borrow money; buy or lease
land buy building material and machine
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 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 a 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 ofthe stockholders at
general meeting convened for that pur-
pose after thirty days notice by the Secre.
tary: and in case of 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 o.
the share holders convened for such pur
pose after thirty days prior notice giveI
| as hereinaboye provided. Said specia
meetings must be called upon the writer
request OF two stockholders owning at leas
one-fifth of the capital stock of said corpor
alton. The term CAPITAL STOCK" uset
| in this connection and otherwise herein
means the total amount of stock issued a
| that date and not the total authorized
capital stock.
| ARTICLE X.
| No stakeholder of this corporation shall
| ever be held for it's contracts in any further
! sum than the unpaid balance due on thu
shares of stock owned by him, nor shall an!
| mere informally in organization have The
effect of rendering this charter null or eX
| pose stockholder to any liability beyond
| the amount of his stock.
Thus done and signed at my office II
Lake Providence. Louisiana. on this thu
18th day OF May, 1896, in the presence OF mi
| Notary'and II. Stein and n. FOusse, com
petent witnesses, who have signed hereun
to as such.
JOS. f. RANSDELL,
Ell. HAMLEY.
JAS. S. MlLLlKIN.
TT. POWELL.
| Attest:
II. STEIN,
N. FOUssE.
w. TGOMERY.
| Notary Public.
Recorded in Mortgage Book "Y," PIP
1888. ct seq.
Witness my hand and seal this 25Ih da.
of NAV, 1896. ID. w. GILMOUR.
i. Deputy Clerk and Recorder
Lake Providence. La, May 80, 1896.