The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-14
ave power to fix and define The duties OF every

have power to fix and define The duties of every
officer and employee and all employees of the
company shall hold Office and employment az
the pleasure of said board. The board OF d.
rectors may make ard establish as well as alter
and amend any and all bylaws rules
and regulations necessary and proper in ts
Judgment for the conducting and management
and affairs OF said corporation.
Any director shall have the right to dele
gate TO any other director in writing the
right and powers enjoyed by him as such d.
rectors. DR.. /. E. Siess, ]. 4. Couch, g. r
Mathis. WI. Fry, C. McGInty, ". t. Pye,
Walter Ray, |. b. White, J. ". Teddlie and K.
ID. Newton has been chosen and selected the
first board OF directors OF this corporation to
serve as such until the first Tuesday in June,
1908 until their successors have been duly
elected and qualified.
Until the second Tuesday in June, 1904. or
until their successors shall have been elected
and qualitiri. DR.. L. Il. siess shall be the Pres
Vice President, I. L. White shah be General
Manager and j. w. Teddiie shall be Secretary
and Treasurer.
ARTICLEv.
This act or Incorporation may be changed
modified, altered or amended except as to The
increase or decrease of the capital stock which
must be done in a manner and form provided
by the law Of the said corporation may be dis
solved at a meeting of the stockholders con-
vened for such purposes, after notice shall
have been given of such in one or more news
papers published in the town of winniield,
once u week Tor weeks preceding said meet
ing and by written notice of time and place
of holding said meetings addressed to each
stakeholder 80 days prior to the date OF said
meeting at the post Office address designated
by him in writing; such meeting to be called
by the Secretary upon a written request OF
those holding not less than IL of the issued
stock Of the company.
ARTICLE VI.
No action of Stockholders at any meeting
shall be valid or binding unless stockholders
representing majority of the capital stock
issued shall BE- present or represented by
proxy in writing; and it shall require vote OF
at least the majority except as otherwise pro
yided by law of the stock SO present or repre-
scented to elect directors or to amend the
Charter or dissolve the corporation, or do any
other act at a stockholders meeting.
ARTICLE VII.
Upon the termination of this charter by
limitation or upon its dissolution as above
provided for the business and affairs OF the
corporation shall be liquidated by three COM
missioners selected from among the stock
holders at a general meeting convened for
that purpose of which meeting notice shall be
given and the manner, time and.fcrm provided
for stockholders meeting in Article OF this
charter. Said commissioners shall remain in
Office until affairs of said corporation shall
have been liquidated. In case of the death of
one or mere Of the said commissioners, the
vacancy shall be filled by election by the
viving commissioners.
The Bourd of Directors shall have full power
and authority to borrow money, to execute
mortgages and create liens, issue bonds, notes
and other obligations and generally to do all
things for and III the name and on account of
said corporation that in the judgement said
board deems reasonable, convenient and nee
essary for the proper carrying on the business
of said corporation. Said Board may issue full
paid shares Of stock for cash or in payment of
labor done, services rendered property ac-
tuaily received by said corporation. 1t shall
have the power to name and appoint transfer
agents in commercial centers to make transfers
of the stock of this corporation under such
reasonable rules and regulations said board
may establish.
Stock transferred on the books of such trans
fer agents shall be deemed transferred ON the
books of the company. The Board shall have
power 10 contract with such transfer agents
TO act as such for any period of time it may
deem necessary and proper.
ARTICLE TX.
The president of this corporation is hereby
designated as the officer upon whom service or
citation and other legal process shall be made,
in the absence of the president such service
shall be made on the vice president and in tie
absence of both of the said officers upon the
secretary.
ARTICLE X.
No stakeholder shall ever be held liable for
the contracts or faults of this corporation in
any further sum than the unpaid balance that
may be due the corporation on the shares of
stock owned by him nor shall the mere infor-
mality in organization have the effect of rem
derlng this Charter null or exposing a stock
holder TO any liability beyond the unpaid
amount remaining due on his stock.
SHARES.