The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-09-11

power to fill any vacancies IN their own
number or in the Offices of the corporations:
b. make as well as change, alter or repeal
all bylaws and regulations for the conduct
and management OF the business OF the
corporation; totiX The salaries OF all officers,
agents. and employees OF the corporations:
to appoint such officers. agents, clerks, or
employees rs they see fit. and SAME to dis
MSS at pleasure; to make general or special
provisions for the filing OF any office dur
ing the temporary absence or Inability TO
Pact OF its incumbent; TO borrow money: 10
buy ardseil real estate and other property;
to issue stock or bends for labor done or
money, or property actually received; TO
issue bonds or other obligations secured by
mortgage on the franchises and property,
real and personal OF the corporation. and
payable at snch times and places as they
designate; TO sell, pledge, or otherwise dis
pose OF said bonds or obligations on such
terms as they deem eXpedient; to execute.
| mortgages and pledges; and gem orally and
| specially TO make all contracts whatsoever
| and do all things, matters and acts peril
nent and beneficial to the objects anu pur-
poses OF said corporation. And in exer-
| eising those powers, the board OF directors
may act either directly or through such
1 officers or agents as they may appoint.
Three members of the board OF directors
shall constitute quorum for the transact
| ion OF business. In case OF the absence or
| inability of any member OF the board, he
| shall have the right to choose from among
| the stockholders, by written proeuration,
proxy to act and vote in his stead.
ARTICLE VIII
| When this corporation is dissolved by
limitation or otherwise, its affairs shall be
| liquidated by five commissioners selected
| by general meeting of the stockholders
| after thirty days notice served in writing
on each stakeholder by the secretary,
which commissioners shall remain in office
until the affairs of the company have been
fully liquIdated; and in case of the death or
| resignation of one or more of the commits
sioners, the remainder shall continue to act
until said vacancy has been filled by a gen.
eral meeting of the stockholders called as
provided above. The commissioners shall
promptly convert all the assets OF the cor
poration into money at public or private
sale. as they deem best. and after paying
all debts OF the corporation, they shall d.
vide the balance. If any, share and share
alike. among the stockholders. The com,
pensatlon OF the commissioners shall be
fixed by the board of directors.
ARTILE TX.
This act Of incorporation may be changed
modified or altered, or the corporation may
dissolved at a general meeting OF the stock
holders convened for that purpose aftel
fifteen days written notice served on then
\ by the secretary, with the assent Of three
tourths of the stock represented ut such
meeting; and such meeting shall be called
upon the written request to the President
OF at least TWO stockholders, representing
not less than One-tenth of the stock issued
Article X.
No stakeholder Of this corporation shall
ever, be held liable or responsible for it
contracts IN any further sum that the un
paid balance due on the shares of stool
owned by him, nor shall any mere infor
mality IN organization have the effect o
rendering tins charter null or expose
stakeholder to any liability beyond TIT
amount of his stock.
Thus done and signed at my office il
Lake Providence, Louisiana, on this 6tl
day Of August, 4. D. 1897. in the presenc'
of me Notary and w. 4. Blount and III. z
: Mcclure. competent witnesses, who haY'
: signed hereto as such.
/ JOS. e. RANSDELL,
PHIL MCGUIRE,
Attest. J. w. DUNN.
II. P. MCGUIRE. Z. j HAMLEY,
W. A. BLoUNT. j. s. MILLIKIN,
JAS. n. TURNER
w II. MONTGOMERY,
Notary,
: ] hereby certify that the oregoing Char
ter Of the Lake Providence & Western Rail
way is duly recorded III Mortgage Book z
tollos 81 ct seq.
Witness my hand and seal this Sept. /, A
, ID. 1897.
u. w. GILMOUR.
by Clerk 9TH DisT. Court and ex-o1ici
Recorder.
A.7G-