The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1899-11-16

pack cotton for the public; to buy cotton
and cotton seed and sell the same; to buy
and sell timber; to buy and sell lumber,
and to manufacture same into salable
articles for sale; to establish, maintain
and operate water works for the purpose
OF selling water to the public, or any
other enterprise that the directors or
stockholders may see fit to attach to this
plant that they deem pecuniarily bene-
fetal to the same.
ARTICLE III.
Citations and all legal processes shall
be served on the President, and in his
absence on the Secretary.
ARTICLE ".
The capital stock of this corporation
is declared to be ten thousand dollars
$500 OO), divided into two hundred
(2OO shares Of fifty dollars each, which
shall be paid for in cash, or property
actually sold and delivered to this corpo-
ration, and shall be due and payable in
such amounts and at such times and
places as the Board of Directors may
resolve and determine. This corporation
shall begin operation as soon as sixty
(6O) shares, making three thousand dol
lars ($3, 600 0O) shall have been subscrib-
ed to the capital stock, and paid in.
ARTICLE v.
The affairs of this corporation shall be
under the management and control of the
Board of Directors, composed of seven
stockholders, four of whom shall consti-
tute quorum, to be elected annually at
a meeting of the stockholders, for that
purpose, to be held on the first Monday
in May, 1900, and yearly thereafter, after
ten days notice given to each stockholder
by the Secretary, each share of stock
being entitled to one vote. Until the first
election, the Board of Directors shall be
A. r. Thompson, B. A. Kelly, G. II.
Irion, T. M. Vaughan, ]. P. Creswell, T.
T. Land and L. G. Smith, who shall serve
until their successors are duly elected.
ARTICLE vi.
The officers of this corporation shall be
a President, Vice-President, q Secre-
tary and Treasurer, and said Office g
shall be elected annually by the Board of
Directors, and until the first election the
officers shall be as follows: Thomas M.
Vaughan, President; Joseph E. Adger,
! Vice-President; James p. Creswel,
Treasurer, and Luther g. Smith, Secre-
tary, who shall serve until their success
sors are duly elected.
ARTICLE VII.
| No stakeholder shall ever be liable or
responsible for the contracts or faults Of
said corporation in any further sum than
the unpaid balance due to the company
on the shares owned by him; nor shall
any informality in the organization have
the effect Of rendering this charter null,
or of exposing any stockholder to any
liability beyond the amount of his stock.
No transfer of stock by the holders
thereof shall be binding on this corpora
ton, unless said transfer is duly entered
on it's books.
ARTICLE VII.
Whenever this corporation is dissolved
by limitation, or from any other cause
it's affairs shall be iquidated by three (3I
commissions from the stockholders ap-
pointed for that purpose, at a meeting Of
same, convened after ten days notice te
said stockholders, given to them by let
ter, addressed to each stakeholder anG
deposited in the mail. In case of death
or failure to act, said remaining commits
sioners shall appoint their successors.
This done and passed, at my Office, II
the town of Benton, said parish, the day
and date above written, in presence O
Thomas Player and G. B. Smith, compe-
tent witnesses, who, with said appeareri
and me, Notary, have signed these pres.
sents.
Names. No. Of Shares
A. II. Thompson. .........--.---...--.Ten (1O,
]. E. Adger (per A. r. Thomp-
son Four a
l.. q. Smith Three q
y. u. vaughan ny
J. p. Creswel. Twenty GO
r. B. Hill. Il
B. A. Kelly ...... Eight e
Witnesses: r. B. HILL,
THos. PLAYER. Deputy Clerk and az
G. B. Smith. of6cio Notary Public
State OF Louisiana, Having examine'
Parish Of Bossier. ! the foregoing act 0
incorporation and finding nothing thereil
contrary to law, / hereby approve til
same.
Done and signed on this tho 18th da
Of November, 1899.
A.. ]. MURFF,
District Attorney, Second Judicial
District Of Ii
Dr.. G. Ratzburg,
DENTIST,
Cooper Building, Shreveport, La.