The Natchitoches enterprise., 1899-04-20
ARTICLE III.

dlEluuaI STOCK.
ARTICLE III.
The corporate powers of this cOrDo-
, ration shall be vested in Board of d.
rcctors. TO be composed of three stock
holders. two of whom shall constitute a
quorum. SalG Board shall be elected
ann lally, on the first TN Onday in Janu.
airy, ginning 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 IF this corporation are declared
to be, Simon Abrams, president; Joseph
Kaffie, vice president; Samuel Nelken,
secretary and treasurer; which Board
of officers shall serve until the first NJ on
day in January. 1900. or until their sue
cesSors are duly elected thereafter. The
Board of Directors shall be elected by
the stockholders, each stakeholder shall
be entitled to 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 a majority Of votes east shall elect
the person tor whom they are cast.
Notice of election shall be gwen each
stakeholder in writing bv the secretary
ut least ten days prior to such election.
Any failure from any cause whatever to
elect Directors on the day named for
that purpose, shall not dissolve the cor
poratiOn, but 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
ffcm their own number the officers of
the corporation; provided. the stock
holders in electing such Directors fail
to designate the particular office for
which such Director may be elected.
No person other than stakeholder is
eligible as Director or officer.
ARTICLE ~.
The certificate of stock when issued
shall be Esigned 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 his inability. by reason G
illness, then by the president Of the cor
poration.
ARTICLE Y.
The president shall call 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
meeting. 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
for that purpose, with the assent of the
majority of the entire capital stock,
whether the stockholder be present in
person or represented by proxy. Ten
DAYS notice shall be given of said meet
ing as provided hereinabove.
ARTICLE VII.
In case of dissolution or termination
of this corporation by limitation or for
cause, the liquidation of its affairs shall
be conducted by three commissioners,
from the stockholders, with
like assent as set forth in Article vi,
and at a called meeting for that pur-
pose, the like notice is required as set
forth in Article VI. Such commission
ers shall remain in Office until the af-
fairs of the corporation shall have been
fully liquidated. In case of the death !
of one or more of the commissioners, |
the survivor or survivors shall continue |
to act. No stakeholder of this corpora |
ticn shall ever be liable or responsible for |
the contracts, liabilities or faults there |
of, In any further sum than the unpaid
balance due the corporation on the share |
of stock subscribed for or owned by him. |
Nor shall any informally in the organ
lzation hereof have the effect Of render |
ing this charter null, or to expose any
to any liability beyond the /
unpaid balance of his stock. !