The southern sentinel. (Winnfield, La.) 1883-1910, 1903-04-10

.,.u Nv appoiutment fill the vacancy. ANY
..;,,,-. srnm any cause whatever TO elect
n;rectors the day named for that purpose snaii
NJ, d,.solve the corporation, but the Directors
,h.r IN Office. n well as the officers OF the SAID
oo,,ranv shall hold over until their successors
are chosen.
Tn srch event the president shall cause
.no,ber election to be held within thirty days,
and shall rive notice thereof rs hereinbefore
provided.
A. every election and meeting each stock
holder shall be entitled TO vote for each share
of stock registered in his name ana may vote
by proxy.
The election Of Directors shall be by oaiiot'
and the majority in amount OF votes cast each
share OF stock voted upon to be counted for one
vote. shall elect the person orpersons Tor wnofn
they have been cast.
After each election The Board OF Directors
shall elect from their own number the officers
Of said company.
ARTICLE V.
The Board Of Directors shall have full power
to fill vacancies in their number caused by
death, resignation or otherwise, frem among
the stockholders OF the corporation.
The said Board shall have full control of the
property of this company, and shall 50 con-
duct, manage and use the same is IN their
discretion they deem fit, and that is consistent
with the objects OF this company, or the welfare
of the same.
The said Board is further authorized to
frame and adopt such bylaws, rules and regu-
lations as the affairs and business OF the cor
poration may require, and Us it may be neces-
sary for the conducting and management there
of; provided the same shall not conflict with
this charter, or with the laws OF the State, or
with the United States.
The said Board shall elect or appoint q
Secretary and such other officers, agents, en-
ployees, servants and clerks as it may deem
necessary for the conducting OF the business of
the CORPORATION, fix their compensation, term
of service, with the right to dismiss them at
said Boards pleasure: and said Board shall
have the right 10 fix and determine The salaries
of the several officers herein provided for.
ARTICLE VI.
This charter may be changed, modified or
amended, the capital increased or decreased,
or this corporation may be dissolved. at a
for the purpose, with the assent OF three
fourths of the entire capital stock, whether
present or represented AT such meeting.
Ten days prior notice OF such meeting shall
he given in any weekly English newspaper
published in the town of Winfield, Louisiana.
In case of dissolution or determination of
this corporation, either by limitation of its
charter or from any cause, the liquidation of
its affairs shall be conducted by three COM
missioners, selected from the stockholders,
with like assent and at a meeting called for
that purpose, as above set forth in this article.
Said commissioner shall remain IN office until
the affairs Of said corporation shall have been
fully liquidated. In case of the death of one or
more OF said commissioners, the survivors or
survivor shall continue 10 act.
ARTICLE VII.
No stakeholder of this corporation shall
ever be held liable or responsible for the con-
tracts or faults thereof, in any further sum
than the unpaid balance dine the company on
the shares OF the stock subscribed for or owned
by him, nor shall any inior,nality in organiza-
ton have the effect OF rendering this charter
null. or Of exposing stakeholder to any
liability, beyond the unpaid balance, il any, OF
his stock.
This done and passed at my notarial Office,
in the town of Winfield. VIM Parish, Louisi-
ana, on the 18th day OF February A. d. 1903 in
the presence of o. NJ. Grisham and w. NJ.
Simmons, competent witnesses of lawful age,
and residents of this town, who hereun.o sign
their names, together with said parties, and
me- notary, after reading OF the whole.
Witnesses: