The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1898-04-09


a MOUNTS and upon such notice IS may he !
prescribed by the Board Of Directors who
shall have power to issue full paid stock !
payment for property transferred to
said corpor, ton. The shares 0fstock shall
be transferred only on the books of the
Company and on the surrender Of Che out
standing certificate. This corporation
shall he authorized to begin business Up
Oh Organization and as soon as one hundred
shares are subscribed aud paid for.
ART V.
The officers Of this CORPORATION shall he
President, Vice-!resilent and Mnnarer
aud u Secrctayana q Treasurer. All the
corporate powers Of said rornora'i0n shall
be vested in and exercised by Il Board Of
Directors composed OF sven ~ stock
holders Of the Company On the 3rl
"Wednesday of January, 1895, anH annual
~ thereafter an election for directors
shall he held at the Office Of the Company
nn'ler The supervision Of two (9) com.
miss!oners appointed hy. the BOARD of
Directors. All elections shall hc ly hal-
| ~: and each share Of stock shall he entitl-
I'd to one vote which may be voted by the
holder thereof in person or bv nroxy. A
majority OF the vote cast shall elect Due
notice Of said election shall he given Ivy
nnh'ication in one Of the newspapers pub
lisl,ed in the town OF St. Fvancisvi|lo at
least ten days prior thereto. Each Bard
| Of Directors shall elect from among their
number u President, a Vice President and
| Manager, and Secretary and Treasurer
who may or may not he members OF the
Board of Hirecta"s. ANY vacancy occnr-
ing in the Board Of Directors lv death
| resignation or otherwise shall be filled by
the remaining Directors.
ART VI.
The immoval!e property Of this cornora-
tier shall never he sold or mort gagged or
otherwise iNcumhcrcsl. nor s',n'1 any rnr-
chase of real estate he made without the
consent or the majority of the entire stock
Of the Company: and meeting Of the
tnakl,otlers shall he convened FIR snh
purpose after ten days roticc thereof given
to each stockhoder
ART WI
Tho following named persons, to-wit:
Albert Rncmmeli. John u. Ervine, Edward
Wax, EhwJ J. Buck, WIN. r. Tcnney.
Benz. Mann and Fdw. L. N-wsham with
A. Rucmmcli AZ President, J. +. Irvine as
| Vice President and Manager. Eli Wax as
Secretary ard Z. J. Buck "a Treasurer are
hereby constituted tho first Board Of Di-
rectors who shall serve until the first an
rual election herein provided for or until
thrir Successors are elected.
ART VIII.
A Gai]urc for any canse to elect direc-
tors on the day named fnr that purpose
shall not dissolve the corporation or it
any manner render the share holders liza
bic; but The Directors then III Office shall
hold over until another election is hold
and a new Board is elected rs provided IN
this charter.
ART JX.
This act Of incorporation may he annn|l-
ed or this corporation dissolved at ge,,-
cral meeting ca led Cor that purpose held
at the Office Of The ComrNnv after thirty
days notice advertised in one Of the naws-
papers published in tho town of.St. Fran.
cisyillc the assent of three tourtls Of tie
stock present or represented at sucl
meeting being necessary for that purpose
ART X.
) Whenever this corporation is dissolved
either by expiration of its charter nr is
earlier dissolution as herein provided lis
affairs shall he liqnidatc'l by two com
missionors to he appointed from a,nonp
the Stockhnl,"iS ut y g"n":ai meeting &
the Stockholders convened after thirty
days prior notice shall have hren rivp1, b\
publ had in :hc town Of St. Fr,nrsvil}t
and bya majority vote Of the stock repre-
= scented ut sicl. meeting
ART XI.
No stock o|lcr Of this corporation sl,a,
ever be table or responsible tor The con
tracts or faults thereof in any further snly
than The unpaid balance due to the Gov,
: pany on the shares Of stoc! owned by hin
nor shall any mere infortnality in organ
+ cation have the effect of rendering TIL,
charter null or Of cxposnga stockholdor!
to any liability beyond tho amount of hi
stock.
Tins Clone read and passed at my offic'
| in the town Of st. Frarcisyillo the day
: mont|, ana year first aboso written in tn
presence Of j. S. Matllcr and G. c.. Cor
verse competent witnesses who hereunt,
! set their hands as-such with the partie
and me Clerkaftcr the due reading there
of.
.Jno T. Irvine q share
BENZ. Mann % :"
+ W II. Tenney 10 I.
Il. :. Newsstand