The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1902-04-24

make and use a corporate seal, and the
| same to break and altar at pleasure, to
| hold, receive, have, purchase, improve,
ALLEVIATE, convey, sell, borrow, pledge,
mortgage, hypothecate and lease, under
! the said corporate name, property, real,
personal and mixed, and to name and
| appoint such officers, directors, agents
and employees, as the interest or con-
venience of said corporation may require,
to make and establish bylaws, rules and
regulations for the proper management
| of its affairs, as may be deemed necessary
and proper, and the same to change and
alter at pleasure, and to do all other
acts and things necessary and proper to
carry out the objects of said corporation.
This corporation, unless sooner dissolv-
ed in accordance with its Charter, shall
| exist and continue for the period of five
| years from and after date thereof. The
President, or in his absence, the Vice
| President, shall be the proper person
upon whom citation or other legal pro-
cess shall be served.
ART1cLE2.
The objects and purposes for which
thus corporation is organized, and the
nature of the business to be carried on
by it are declared to be to conduct
general merchandise and planting bust
ness, and for this purpose to acquire
such real and personal property as may
be deemed necessary or convenient for
! its business.
ARTICLE 3.
The capital stock of this corporation
shall be twelve thousand dollars, divided
| into and represented by one hundred and
twenty shares of the sum Of one hundred
dollars each, which said stock shall be
paid for in cash or property, rights or
credits actually received by said corpo-
ration, provided that no stock shall be
issued until the consideration thereof
has been received by the said corpora
ton. Any stakeholder may sell, assign
or transfer, his stock in this corporation,
provided, thirty days prior notice of such
intention to sell, assign or transfer the
same be given the company, and the
other stockholders thereof shall have the
first privilege of same.
ARTIcLE4.
The stock of said corporation may be
transferred under the above conditions.
provided such transfer be made on the
books OF said company at its Office at
Sligo, Bossier parish, La, on surrender
OF the certificates thereof. This corpo-
ration shall begin business as soon as the
capital stock shall have been subscribed
and paid in. The corporate powers of
this corporation shall be vested IN and
exercised by Board of Directors, each
OF whom shall be a stockholder in the
corporation. The following persons shall
constitute the first Board of Directors:
John A, Skannal, Henry Skannal and
Il. N. Cunyus, with John A. Skannal as
President, Henry Skannal as Vice Pres
ident and Manager, and r. N. Cunyus
as Secretary and Treasurer; which Off
GERS and Board of Directors shall hold
their Offices until list Monday in January,
1903, or until their successors shall have
been duly elected and qualified. On the
hrst Monday in January, 1908, and there
after annually, Board of Directors shall
be elected, unless the same be legal
holiday, when the election shall be held
on the next legal day thereafter. Notice
OF such election shall be given by ten
days publication proceeding each cleo
ton in one OF the newspapers published
in Bossier parish, La. The Board of
Directors shall appoint one or more
stockholders to preside at such election
| e'' ttlIu III tilc CFeUG Vi
| failure OF any commissioner to attend,
the President shall, by appointment, fill
the vacancy. ANY failure from any
cause whatever to elect directors the
day named for that purpose shall not
dissolve said corporation, but the direc-
| tors then In Office, as well as the officers
OF said company, shall hold over until
their successors are chosen. In the event
| a n fk1
the President shall cause another election
to be held within thirty days, notice of
| which shall be given as before provided.
At every election and meeting each
stakeholder shall be entitled to one vote
for each share of registered stock in his
name. The election for directors shall
be by ballot, and the majority in amount
OF votes cast each share of stock voted
upon to be counted one vote shall elect
the person or persons for whom thew
have been cast. After each election the
Board of Directors shall elect from their
own number the officers of said CORPORA
ton.
ARTICLE 5.
The Board of Directors shall have
full power to fill vacancies in their
number caused by death, resignation or
otherwise, from among the stockholders
OF the corporation. The said board shall
have full control of the property of this
company, and shall so conduct and man
age same as they deem fit, and that is
consistent with the object of this COM
pany. They shall h3ve authority to
frame and adopt such bylaws, rules and
regulations as the affairs and business of
the corporation may require and it may
deem necessary for the conducting and
management thereof. The said board
shall appoint all clerks, agents and en-
ployees as it may deem necessary for
the conducting Of the business Of the
corporation, fix their compensation, time
OF service, with right to dismiss them at
said boards pleasure. Said board shall
have the right to determine and fix the
salaries of the several offices herein
provided for.