The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-09-04

nou,orto aany vacancies IN their own
number or in the offices OF the corporation;
to make as well as change, alter OF rePe"i
oil hv-laWs and regulations for the CONDUCT
and management of the business OF the
corporation; to fix the salaries OF all oliicets;
| agents. and employees OF the corpoTatlohi
! 10 appoint such officers. agents, CLERKS, %
| employees as they see MT. ana SAME u us
| miss at pleasure; to make general OF speciai
provisions for the filing OF any ounce uui
ing the temporary absence or lnaoiliy 70
] act of its Incumbent; to borrow money; 10
buy and sell real estate and otner properly,
| to issue stock or bonds for labor zone Oh
money, or property actually received; 10
issue bonds or other obligations secured by
mortgage on the franchises and properly,
real and personal of the corporation. ana
payable at such times and places as tEsy
designate; to sell, pledge, OF otherwise uis
pose OF said bonds or obligatlons gu sunn
, terms as they deem eXpedient; to execute;
mortgages and pledges; and generaliF anu
| .necially to make all contracts whatsoever
and do all things, matters and acts peril
uent and beneficial to the objects ana Pur-
: poses of said corporation. Anu IN ext
cciSino those mowers, the board of directors
NAV act either directly or through sucn
+ 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 el
. Inability OF any member OF the board, ne
S shall have the right to choose from among
r the stockholders, by written procuratloh'
q a proxy to act and vote in his stead.
ARTICLE VIII.
:, When this corporation is dissolved by
- limitation or otherwise, its AFFAIRS shali pe
q liauidated by five commissioners seieeteo
o by a general meeting Of the stockhoicers
y after thirty days' notice served in writing
on each stakeholder by the secretary
d which commissioners shall remain in offlcf
until the affairs of the company nave peer
o fully liquIdated; and in case OF the death OF
m reslgnatlOn of one or more OF the commls
sioners, the remainder shall continue 10 &C
until said vacancy has been filled by a gen
- eral meeting of the stockholders called al
nroyided above. The commissioners shall
promptly convert all the assets OF the cor
poration into money at public or prlVat
sale, as they deem best, and, after pay1n!
IM all debts OF the corporation, they snal VI
III vide the balance, if any, share and shar
alike, among the stockholders. The CON
pensatlon OF the commissioners shall D
liked by the board of directors.
ARTILE TX.
! This act OF incorporation may be changed
| modified or altered, or the corporation ma
=, dissolved ut q general meeting OF the steci
Vi holders convened for that purpose alte
III fifteen days written notice served ON thel
"a by the secretary. with the assent OF thre
eu fourths OF the stock represented at sue
ne meeting: and such meeting shall be Gale
ITO upon the written request to the Presldel
III of at least two stockholders, representa-
Gu not less than one-tenth of the stock issue
ate ARTiCE X.
ms, No stakeholder of this corporation shs
on ever be held liable or responsible Tor ]
res, contracts IN any further sum that the
nay paid balance due on--the shares of sto
to owned by him, nor shall any mere ini(
,or- mality IN organization have the enect
ses rendering this charter null or expose
ons stockholder to any liability beyond I
amount of bis stock
Thus done and signed at my ofiice
Lake Providence, Louisiana, on this Q
i i,I day OF August, A. ID. 1897. in tile presen
NJ of me Notary and w A. Blount ana Il.
I'M McGuire, competent witnesses, VINO ia
ora :ood haroto as sucb
ETY. JOS. Z. RANSDELL
and PHIL MCGUIRE,
hge Attest, j. w. DUNN.
rec HP. MCGUIRE. L. j HAMLEY.
,age ~ pJouNT i 8 MILLIKIN
r:y, JAS. N. TURNER.
as w H. MONTG OMERY,
ans Notary
pun, hereby certify that the foregoing On
anu fer of the Lake Providence & Western X
anu way is duly recorded IN Mortgage BOOK
:, 80, ~ iolios 81 ct seq.
EMS Witness NY hand and seal this Sept. l,
and y. w. GILMOUR,
NJ. tGt by Clerk 9TH Dist. Court anc exon
III Recorder.
e