The Natchitoches enterprise., 1902-06-19

Any stakeholder NAV sell. assign o.
transfer his stock in said corporation
provided, thirty DAYS rOtite of his in
tentiOn to sell, assign or transfer th,
same, he given the corporation IN writ.
ing, and the other stockholders shal
have the first privilege of acquiring
same.
The stock of said cooperation may bt
Transferred under the above conditions
but no transfer shall affect the cOrpo.
ration unless made on the books of the
corporation at ats office in the Town Of
Derry, in said parish of NatChitOChes,
where said corporation snail be dOmi.
ciled, and only on the surrender Of the
certificate therefor.
This corporation is authorized TO CON-
mence business when Fifty five hundred
dollars of the capital stock shall have
been subscribed and paid for.
ARTICLE ".
The corporate powers of this cOmpa-
nv shall be vested IN by board of d.
rectors. composed of four "a stock
holders. The following persons shall
constitute the first boar1 of directors
l.. Chopin, {. s. Hale, K. G. A Pecquet
and 4. b. Spencer. with l. Chopin,
president; L. 5. Hale, wee president,
and r. G. A. Pecquct. secretary and
treasurer.
The said officers and directors shall
hold hCir offices until the First Monday
in June. 1903. or until their successors
shall have been duly elected and quail
fled. On the said FIRST Monday in June
1903. and annually thereafter, Il board
Of directors shall be elected, unless said
day shall be legal, holiday, when the
said election shall be held the day fol-
lowing said holiday. notice of said cleo
lion shall be given by ten days publica
ton IN one of the public newspapers
published in said parish.
Tue board of directors shall appoint
one or more stockholders 10 preside at
such election, Any failure from any
cause whatever to hold said meeting, or
TO eject SAID board of directors on the
date named for that purpose shall not
dissolve said corporation. but the direC-
tors then IN office shall hold over until
their successors are chosen and qualified.
AT every election and stockholders
meeting each stakeholder shall be en-
titled 70 one vote for each share of stock
registered on the books of the corpora
ton in his name; votes may be east in
person or bv proxy authorized IN writ j
ing. After each election the board Oft
directors shall elect from their number
the above named officers.
ARTICLEV
THIS charter may be changed. altered
or amended. Except to increase or de-
crease the capital stOck). or the cOrpO-
ration may be dissolved at Il general
meeting of the stockholders convened |
for that purpose, with the assent Of
twO-thirdS of the capital stock Ten |
DAYS prior noliceI of such meetings shall
be given by publication as herein be-
fore provided. In case of the dlssOlu-
tIOn Of this corporation by limitation or
otherwise its affairs shall be liquidated
Dy commissioners selected by and from
he stockholders at a meeting called for
bis purpose after due notice.
ARTICLE vi.
No stOckhOldcr shall ever be held la
Die or responsible for the faults or con-
ractS of the corporation in any fur
her sum than the unpaid balance due
be corporation on the shares of stock
for and owned by him, nor
hall anv infOrmslty in organization
rave the effect of rendering this charter
,ull. or of exposing stakeholder 10
my liability beyond the amount OF his
took.
Done and passed at my Office in raid
parish on the day first above written, in
presence OF Garnet Billui and Ii. III.
Jenkins. competent witnesses. who sign
d these presents together with said APP
bearers ard me, after due reading of the
hole.