The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-07
!. 20 nowsr to fix and define the duties of every

have mower to fix and define the duties OF every
officer and e,nploye and all employees of the
cor,nanv shall hold Office and employment ~
,ha pleasure of said board The board OF ui
rectors may make and estabhsh as we ars - niles
NJ reruIatiops necessary and proper IL ts
Judgment for the conducting ana management
and affairs OF said corporation. -. =. aaIs.
cate to any other director in writing , Az
right and powers enjoyed by him as spcn %
rectors. DR.. 1. E. Siess, >; a, o9u' II pye.
W M' Raw. /. b. White, ]. w. Teddlie and x,
n Newton has been chosen and selecteo tIe
first board of directors OF TINS coIpoi;nsio ,oa
serve as such until the hrst iu ha,'s been duly
1901 or until their SUCCESSORS navy
Ifntii the second Tuesday in June, lsti, or
until their successors shall have peeH M pres-
;Janf III the CORPORATION, J. A. Couch snan us
Vice-President, 1. B. White shall ne uen n,ar.
Manager and j. w. Teddlie shall De SECRETARY
and Treasurer.
ARTICLE V.
|. This act of incorporation may be cnang geo
modified altered or amended except as 10 !ne
increase or decrease of the capital stock VIII ~
must be done in q manner ana form III. ~ S;s
BY the law Of the said corporatloh hniSors com
vened for such purposes, after notIeS sn.
have been given of such In one or 1i9 W nv
papers published in the town Oh Va ,neet :
nnre n week for weeks preceding saIu nees
inc and bv a written notice of time anu paae,e
of holding said meetings addresseu ~ e go
stakeholder 80 days prior TO the oats oI s,S
meeting at the post office ADDRESS eaI1S
III hir, in writing; such meeting 10 De caheu
BIZ the Secretary upon Written ~ ;ssue,;
those holding not less than Ia OF .ne i'susN'
stock of the company
ARTICLE vi.
80 action of stockholders ut any meeting
sbeIl h. valid or binding unless STOCKHOLDERS
renresenting a majority of the capi'ai s,osn
issued shall be present or represeh.saa - -
proxy in wrting and it shali reqniae sV. nro
vided by law Of the stock so presen' OF ~,
sented to elect directors or TO amena .ne
Charter or dissolve the corporation, OF uo any
| other act AT stockholders meeting
| ARTICLE VII.
r,nor the termination of this charter by
/ Limitation : or upon its dissolution as apose
! provided for the business and aHairs OF the
| soraoration shall be liguidated oy three COM
/ missioners selected from among the STOCK
Iholders Mt a general meeting convened ioi
1 that purpose of which meeting notice snaii "
Given and the manner time and form pro- ~.
Tor stockholders meeting IN Ar,icIs ol ~. :;
4 charter Said commissioners shall REMAIN ~
Office until affairs OF said corporation si',
have been hpuidated. In case OF tne uesae' -, ~
! ono or m-rs of the said commissioners TAT
4 vacancy shall be filed by election by the sur
| yiying commissioners. -,
! Tine Bourd of Directors shall have full powe
and authority TO borrow money 10 49,,
| and other obligations and generahy 70 uv =
| things for and in the name and on account !?
| said CORPORATION that in the Iudgemeh. sssi'
| board deems reasonable, convenient anu Iee
essary for the proper carrying on the pusIi. -
Of said corporation. Said Board may lssue iui
Maid shares of stock for cash or IN payment
! labor done, services rendered or propeT.5 ~
tually received by said corporation. It sil se
have the power to name and appoint u1lste
agents in commercial centers 10 MAKE tsaGsIsl !,
| III th. stock of this corporation under sue
reasonable rules and regulations as said ooat'
may establish. ..,-
| Stock transferred on the books OF such trans
far AGENTS shall be deemed transferred on VI
| hooks Of the company. The Board shall nav
| mower to contract with such transfer agent
| 10 act as such Tor any period OF time IL M
; deem necessary and proper.
ARTICLE TX.
The president OF this corporation is hereb
designated as the officer upon whom service {
citation and other legal process shall be mad
( in the absence of the president such SERVE
shall BE- made on the vice president ana IN ti
absence OF both Of the said officers upon u
secretary.
ARTICLE y.
81 No stakeholder shall ever be held liable I.
: the contracts or faults of this corporation
4 any further sum than the unpaid balance IN
i may be due the corporation ON The shares
r stock owned by him nor shall the mere INFO
i maIity in organization have the efect OF REL
!, | rer,ny this Charter null or exposing a stoc
: holder to any liability beyond the unpa
e amount remaining due on his stock
SHARES.