The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-28
70 mower to fix and define the duties of every

have power to fix and define the duties OF every
officer and employe and all employees of the
company shalt hold ONCE and employment al
the pleasure of said board. The board OF d.
rcctors may make and establish as we'll as aI,eI
and regulations necessary and proper in its
Judgment for the conducting and management
and affairs OF said corporation.
gate 10 amy other director in writing the
right and powers enjoyed by him as such d.
rectors. Dr.. I. Z. Siess, ); A. C0ucn' u D. =
Mathis, WI. Fry. g. McGInty, ID: T., Fye,
d. Newton has been chosen and selected the
first board Of directors Of this corporation 70
serve as such until the first Tuesday IN june,
1904 or until their successors nave peeh ouis
Until the second Tuesday in June, 1904. or
until their successors shall have been eiecteo
and qualified, DR.. 1. 8. Siess shall be the rres.
ident Of the corporation, J. A. Couch shall De
Vice President, 1. b. White shall be General
Manager and J. w. Teddlie shall be Secretary
and Treasurer.
ARTICLE V.
This act of incorporation may be changed
modified, altered or amended except as 10 !ne
increase or decrease Of the capital stock which
must be done in . manner and form provlaeu
BY the law Of the said corporation may De as
solved at q meeting of the stockholders con,
yened for such purposes, after notice shall
have been given OF such in one or more news
papers published in the town of Winnneid
once q week for weeks proceeding said meet
of holding said meetings addressed to each
stockholder 30 days prior to the date OF said
meeting at the post ONCE address designa,eg
by him in writing; such meeting 10 oe caiie ~
By the Secretary upon written request O
those holding not less than Ia OF the ISSUED
stock OF the company.
ARTICLE vi.
No action of stockholders at any meeting
shall be valid or binding unless stockholders
s~-9Sr. NJ ftSa IN
issued sha Be present or By
proxy in writing; and 1t shall require vote o.
at least the majority Except rs otherwise pro-
vided by law of the stock so present or repl h.
Charter or dissolve the corporation. or DO any
| other act at stockholders meeting.
ARTICLE VII.
Upon the termination of this charter b,
limitation or upon its dissolution as above
provided for the business and Affairs o. tht
corporation shall be hquidated by three com
missioners selected from among the stock
| holders at . general meeting convened To-
aiven and the manner. time and form PROVIDED
| for stock holder's meeting in Article OF tnis
charter Said commissioners shall remain II
Office until affairs OF said corPosssioan sha y
one Or mere Of the said commissioners, tns
vacancy shall be filed By election by the sur
viving commissioners.
| and authority to borrow money, to execute
MORTGAGES and create liens, issue bonds, note,
| and other obligations and generally to do al
things for and in the name and ON account .
| said corporation that in the judgement saif
board deems reasonable, convenient and nee
eesary for the proper carrying on the bushes.
of said corporation. Said Board may issue ful
paid shares of stock for cash or In payment o
| labor done, services rendered or property &C
tually received by said corporation. 1t shall
have the power to name and appoint transfer
agents in commercial centsrs TO make transfer
OF the stock of this corporation under suct
reasonable rules and regulations ~ said board
may establish.
Stock transferred ON the books Of such trans
l fer agents shall be deemed transferred on thu
books Of the company. The Board shall have
i power to contract with such transfer agents
| to act as such for any period OF time 1t M!
deem necessary and proper.
| ARTICLE TX.
| The president Of this corporation II hereb.
designated Is the on1cer upon whom service o
citation and other legal process shall be made
| In the absence Of the president such servic
| shall be msde on the ice-president and In tE'
absence OF both Of the said ofdcers upon tn
| secretary.
ARTICLE x.
l No stakeholder shall ever BE held liable fp
l the contracts or faults Of this corporation II
1 any further sum than the unpaid balance tina
NAV be due the corporation on the shares o
stock owned BY him nor shall the mere infor
| maiity In organisation have the effect OF rem
derln1 this Charter null or, exposing . stock
holder to any liability beyond the unpai'
amount remaining due on his stock.