Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-01-31

year, commencing in December,
1902; previous notice of at least
ten days shall be given of each
election by publication in news
paper published in the Town of
Saint Joseph, aud by personal
letter, deposited lin the ordl-
nary mail, addressed to each
shareholder in the corporation as
shown by the books of the corpor-
alton twenty days prior to the said
election. The said election shall be
conducted by three stockholders,
not directors, to be appointed on
the day of election by a majority
of the stock present or represented
by written proxy, and at each
election the persons receiving n
majority Of the votes cast shall he
declared duly elected and shall
take their seats at once; but should
no election take place on the day
fixed from any cause, the President
shall cause an election to be held
as soon as possible thereafter, al
ter. ten days notice published in
a newspaper in the Town of Saint
Joseph. All directors elected shall
remain in office until their success
ors are duly elected and have TAX
Ell their seats.
In oil elections of the corporation,
each stakeholder shall be entitled
to one vote, either in person or by
written proxy, for each share of
stock held by him or her, provld-
ed the person so offering to vote
shall have owned his or her stock
at least thirty days prior to the
date of voting. At the first meet
ing the Board of Directors after
their election, they shall elect from
their own number q President and
q Vice-President. The said Board
shall appoint a Cashier and such
other employees rs they may deem
necessary and proper for the trans
action of the business of the cor
poration, and may, delegate tc
their agent, officers or committees
of their own body such power as
they may think proper and expe-
! dent, and shall have power to dis
|, miss all officers, agents and. en-
ployees at pleasure; and shall de-
} fine their duties and powers and
require good and solvent bonds OF
them in some corporate surety
company; they shall fix the com.
pensation of all officers, clerks and
employees of said corporation and
adopt such bylaws, rules and reg
ulations for the government OF
the corporation and the transac.
ton of its affairs as they deem fiji
and as are not in conflict with this
act or the laws of this State. Nc
two partners shall at the same
time be eligible as Directors, nol
shall a Director of any other bank
in the town of St. Joseph or his
partner, be Director of this bank,
The Board of Directors shall
lave the power to fill all vacancies
caused by death, resignation oil
other cause, and five (5) member:
of the Board. shall constitute q
quorum for the transaction of bu'
slness.
ARTICLE ".
The President, and in his alb.
, sence or inability the Vice Presi'
, dent, shall be the proper person
upoh whom all citations and othel
, legal process or notices shall bt
; served.
ARTICLE VI.
The said corporation shall com
mence business on or before TIE
first day of April, A. D. 1902, shall
exist for a period of Ninety-nin'
Years from date, unless sooner
Dissolved.
ARTICLE VII.
!, The names and places of resi-
dence of the shareholders, land tn,
I number of shares held by each o
them, are as follows:
!, NAME. RESIDENCE. SHARES
: "dwd. D. Newell, st. Joseph. La, One
NARY McV, Newell. - Five