The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1903-01-02


lied by law. for the period of twenty-five year
from the date of this act
ARTICLE ~.
The capital stock of this corporation is fixet
at five hundred thousand dollars $500, 900
divided into five hundred thousand 600. 900
shares OF the par value Of one dollar 81. 90
each, with the privilege of increasing or de
creaslng the same in the manner provided b.
law; "
cash at the time of subscription; provided
that the equivalent of cash in property O.
payment for stock subscribed in such manne
as may be directed by the Board of Directors
Of stock shall be signed by the President an.
attested a, by the Secretary under the corporate
until fully paid for and are transferable onI
on the books of the Company.
Anu TINS company shall be authorized tt
shares Of said stock shall have been subscribed
Tor, or IN a larger or less amount the b oart
OF Dlrecto RS may direct, and all stock not sub
scrlbed for shall remain the property of the
corporation aud shall be called treasury stock
ARTICLE V.
The capital stock may be increased or do
creased at such times and to such an amount
as may hereinafter be decided by two-thirds
Board of Directors shall have power to dispose
OF any treasury stock for the purpose of i'm.
pro mt me of of corRoration property and pay
ana IN payment OF interest. and in the actuai
hs or rental Of property All
ue.the price to be fixed by the 3 GARD of Direc-
Tors ana snail be worcestershire.
ARTICLE vi.
vested in a Bo ard of Directors to be Composed
of fifteen stockholders to be elected yearly
each He sse B snth 9f
tors appointed under the charter shall serve
ng6 t and meeIng in the year A.
5R aad led Ten
Of each or BY yass ad
newspaper fifteen days, published ut the
for the eeeaon Ea hs be the notlSe
shall be entitled to one vote and the majority
oti the votes east at such meeting shall elect.
, The Board of Directors shall annually elect
from their number President, a Vice-Presi
and under officials as they NAV deem
necessary for the purpose of carrying on their
ton All officials shall be elected to serve
during the term of the Board of Directors
Six of the members of the Board of Directors
sRal constitute quorum for the transaction
II Ill Ihe Board OF Directors shall
regulations for the government Of the affairs
u the corporation aa and to change the same
Hnsneyer they Deem 1t necessary. Vacancies
n the Board Of Directors shall be filed BIZ the
H 'atd board OF Directors during the interval
oetWeen elections. In all elections stock-hol
'rs may vote their stock in person or by writ
All Citations and legal processes shall =.
erved on the President, and in his absence on
ne nlce:Presldent, and in the absence of both
erary. I'll 'ii' Se'-
ARTICLE VII.
This charter may be amended or altered or
ote OF the stockholders owning three-fouTths
the stock represented at a meeting called
ewspaper published at the domicile 'e Of III the
orporat,on AT the termination or tlissoiu-
quldated by three commissioner who shall
appointed by the stockholders from their
lall elect such commissioner and shall ess
dish sne terms and manner of such liquida- |
es and emoluments of said commissionars
10 the manner in which vacancies in their
imDer snail De filled, if any occur. |
ARTICLE VIII
The corporation may have and use a. corno
e e1on seal ana break and alter the same at
~, ARTICLE TX.
The President shall be the executive of;ce-
the corporation: He shall, when present.
ID to act for said corporation, to- SION oII
Us, deeds and conveyances, morteapes IeaS
the corporation He shall be the be- ' d9y name an
o Of tie party and representative of the cor
ne, and execute bonds, and generaIIv to
.e al such necessary steps to secure pr0tec
Il, aetend and protect the rights of the said
The Yice-President shall act for and instead
me re f Ire W when he is absent, and ali
me PRESIDENT shall have the same force and
Yer ha S as 1nongh &c lone by the President.
pofatlon the minutes of the meetings Of
, Hoard OF Directors and of the stockhofder's
acts of mortgage and other ' conTe ys1aens
treasurer shall be the custodian Of ali
6 nn 9I 6ne , forDofation and shall pay them
as may be ,designa ted by the Board Of
sch tors: He shall furnish bond as such i
Ii ana approved by the Board of Directors ~
ARTICLE y. oo
} StockhoIder of said corporation shall ever
eId maple or responsible for the Contracts |
than The sa nnnsid in any furthur
9n on She shares of stock owned bv him &c
l a Itc d5etermi1ed by said Board Of Drec is
ab9r or services rendered, the yaine Of re
- Ia 20 ana services to be fixed and deter
nicai S info p0afa OF D1rsctorsand no mere
corporation shall have the effect Of re0 "
sfn s9e eS eRafter thereof null and void or Of Th
IS Il Of the shares of stock owned by any
ARTICLE XI.
nall consist of the following named per-
:, John Q. Lee John ii. Heron q oes
mI e9 Y PseIeI l. Keller. Charles Hughes a
RI a; J. m! MeKillpp. John H Cooper s. 9l f. Q;
G Lee shall BE- BE- ffesy of whom the said we
0GIsdi emh S Sse1b L. Keller. Secretary and
respectives ntfic treasurer who shall hold A.
5en as provided for in this charter. eau
T TnI';,si read and passed in the city Of
boye Writta;n on a. the day. month and year
~, Ia h ana Toward Scharff, lawful witness.
IL n aITa neaeunto signed their names with
aue and audible reading of the whole.
SoHN r. COOPER. A
CHARLES HUGHES,
JOHN E. AEhRoN,