The southern sentinel. (Winnfield, La.) 1883-1910, 1903-07-17

objects.
ARTICLE FOUR.
The capital stock shall be One Milton o. a..
,ars diyiaed into one nlltllon sr snnibscribed
ARTICLE FIVE.
The corporate power of this corporation
snaa De vested IN board Of directors to be
composed In not less than fifteen and . ma
lcrty OF said borrd of directors shall constitute
quorum. The stock holders shall hold reeu-
lar annual meetings, the time OF which shall
oe designated IN the By LAWS of the corpora
tion and az snch meetings shall cleo. q board
OF directors and transact any other lawful
r business that may come before their meeting.
The said board or directors shall meet within
seven days after the regular ANIMAL meeting
OF stockholders, and at such meetings elect 4
PRESIDENT, First Vice President Second Vice
a a,aSsicehs, aanager and Secretary, Treasurer
anc such other officers as they may deem nee
essary to serve for next ilnuing year
The nrst Board OF Directors, however shall
ara are declared to TO lie, NJ. z. Machen, A. P.
per; L. =. Jones, De- B. Coates, J. L. Durham.
w. T. Abrams, c. NJ. Durham, p s. smith.
y; ". Boyett, ST., ". S. Kelly, W. w. McCarty,
power and authority to elect such officers as
they may see fiji for the ensueing year In ali
siectlon Tor directors, each stock holder shall
De entitled to one vote for each share OF stock
held by him, and these votes must be cast BY
the STOCK holder IN person or BY proxy, su-
tnorixed IN any manner that may be required
oy the Board of Directors under their general
cast shall elect. The Board OF Directors shall
make such bylaws and regulations as may be
necessary Tor the proper management Of the
business OF this corporation and shall change
or amend the same as they deem best and
shall have the power TO provide for, contract
DEBTS, borrow money, issue bills OF exchange,
notes, acceptance. execution Of mortgages and
hypothecations and for doing all other things
incident TO the objects and purpose of this
corporation, and shall have the authority to
vest the General Manager with such OF these
powers as they see fit.
ARTICLE SEVEN.
No stock-holder shall in any event be liable
said corporation beyond auy unpaid balances
that may be due by him to the Corporation on
stock owned by him. Shares Of stock may be
sold or transferred by giving ten
lays notice to the President Of the number OF
shares of stock to be sold and the price for
urn notify the other stockholders and they
hall have the option Of buying the stock
,nered for sale by paying its actual value first
any balance that he may owe the |
company. provided, however, the above shall |
lot apply to the present shareholder until
i this charter.
No person shall hare the right to vote on
hares OF stock transferred until the transfer |
hall frst have been made on the books OF the /
company.
ARTICLE EIGHT.
The President, or in case of his inability to
Ct, the Vice President shall give each stock
older ten days notice in writing through the
lails before the annual meeting Of stock
olders, to be held as may hereafter be de-
.rmined; and az any call meeting Of the
they must have such notice ter |
meet, unless they should all be present and
awe such notice.