The Natchitoches enterprise., 1899-05-11
ARTICLE III.

icloCAnOAuCI Hay plcOS0 VI pawn us Iu-
diviuual stock.
ARTICLE III.
The corporate powers of this corpo-
ration shall be vested in a Board of Dr.
rectors. to be composed of three stock
| holders. two of whom shalt constitute a
| quorum. SAID Board shall be elected
ann aslly, on the first Monday in Janu
airy, beginning in the year 1900. The
first Board of Directors hereunder is de-
| clared to be, Samuel Nelken, SImon
Abrams and Joseph Katie; and the first
| officers OF this corporation are declared
TO be, Simon Abrams, president; Joseph
Katie, vice president; Samuel Nelken,
secretary and treasurer; which Board
of officers shall serve until the first Mon
day in January. 1900. or until their sue
cessors are duly elected thereafter. The
Board of Directors shall be elected bV
the stockholders, each stakeholder shall
be entitled 10 one vote for each share of
stock registered In his name, and he
may vote In person or by proxy. The
election of Directors shall be by ballot,
and majority of votes cast shall elect
the person for whom they are cast.
Notice of election shall be given each
stakeholder in writing by the secretary,
at least ten days prior to such election.
Any failure from any cause whatever to
elect Directors on tue day named for
that purpose, shall not dissolve the cor
p0ration, hut the Directors and officers
Of the CORPORATION then in office shall
hold over until their successors are
chosen. In such event the president
shall order another election. to be held
10 thirty days, and notice thereof shall
be given as heretofore provided. After
such election the Directors shall elect
from their own number the officers of
the corporation; provided. the stock
holders 10 electing such Directors fail
to designate the particular Office for
which such Director may be elected.
No Derson other than a stakeholder is
eligible as Director or officer.
ARTICLE Nv.
The certificate Of stock when issued
shall be Gsigned BY the president and
treasurer. All checks. drafts. notes or
other obligations for the payment of
money, shall be signed by the treasurer
or in event of bis inability, by reason o
Illness, then by the president Of the cor
Doration.
ARTICLE V.
The president shall call a meeting of
the stockholders, when requested to do so |
in writing, by one or more of the stock |
holders. Ten days notice shall be given /
to each stakeholder, in writing for such |
at all such meetings the ma
iority vote of the stockholders, repre-
sented in person or by proxy, shall de-
eide and determine the actions of the |
Board Of Directors.
ARTICLE VI.
This charter may be changed. mOdi- |
fed, amended or annulled, or this cor
poration may be dissolved at a general
meeting of the stockholders. convened
Tor that purpose, with the assent of the
majority of the entire capital stock,
whether the stakeholder be present in
person or represented by proxy. Ten
lays notice shall be given OF said meet
ng as provided hereinabove.
ARTICLE VII.
In case OF dissolution or termination
If this corporation by limitation or for
,ause, the liquidation of its affairs shall
)e conducted by three commissioners,
selected from the stockholders, with
ike assent as set forth in Article vi,
Ind at a called meeting for that pur-
bose, the like notice is required as set
o-th in Article vi. Such commission
rs shall remain in Office until the af-
airs of the corporation shall have been
ully nquidated. In case of the death
4 one or more of the commissioners,
he survivor or survivors shall continue
o act. No st0ckholder of this corpora.
lon shall ever be liable or responsible for :
ne contracts, liabilities or faults there
{, IN any further sum than the unpaid
alanee due the corporation on the share
stock subscribed for or owned by him.
Tor shall any informality in the organ r
sation hereof have the effect of render
1g this charter null, or to expose any
IOckholder to any liability beyond the
npaid balance Of bis stock a