The southern sentinel. (Winnfield, La.) 1883-1910, 1903-03-27

! t.i,ure from any cause whatever to elect
directors the day named for that purpose shall
not dissolve, the corporation, but the Directors
,ben in Office, as well as the officers of the said
/ compauy. shall hold over until their successors
are chosen.
4 In such event the president shall cause
another election to be held within thirty days.
and shall give notice thereof as hereinbe.ore
] provided.
] Al every election and meeting each stock
l holder shall be entitled TO vote for each share
! of stock registered in his name, and may vote
J by proxy.
| The election of Directors shall be by ballot,
| and the majority in amount of votes east, each
share of stock voted upon to be counted for one
v.9te shall elect the person or persons for whom
| til ev have breG cast.
after each election the Board of Directors
| sha u elect sIo:s. their own number the officers
OF said company.
ARTICLE V.
The Board of Directors shall have full power
to I'LL vacancies in their number caused by
death. resignation or otherwise, from among
;he stcc k-holders of the corporation.
The : ID Board shall have full control of the
property of this company, and shall SO con-
duct. ma mage and the same as in their
discretion they deem Ct, and that is consistent
with the 'oiects of this company, or the welfare
Of the sam :.
The said Board is further authorized to
frame and dort such bylaws. rules and regu-
lations as til affairs and business of the cor
poration may require, and as it may be neces-
sary for the &C nductins and management there
of; provided the same shall not conflict with
this charter, or with the laws of the State, or
with the United States.
The said Board shall elect or appoint a
Secretary and slch other officers, agents, en-
ployees servants and clerks as it may deem
necessary for the conducting of the business of
the corporation, fix their compensation, term
of service, with the right to dismiss them at
said Boards pleasure; and said Board shall
have the right to fix and determine the salaries
of the several officers herein provided for.
ARTICLE vi.
(. This charter may be changed, modified or
amended, the capital increased or decreased,
or this corporation may be dissolved. at
general meeting of the stockholders convened
for the purpose, with the assent of three
fourths of the entire capital stock, whether
present or represented at such meeting.
Ten days prior notice of such meeting shall
be given in anv weekly English newspaper
published in the town of WINFIELD, Louisiana.
In case OF dissolution determination of
this corporation, either by limitation of its
charter or from any cause, the liquidation of
its affairs shall be conducted by three COM
missioners, selected from the stockholders
with like assent and at a meeting called for
that purpose, as above set forth in this article.
Said commissioner shall remain in Office until
the affairs of said corporation shall have been
fully liquidated. In case of the death Of one or
more OF said commissio ners, the survivors or
survivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation shall
ever be held liable or responsible for the con-
tracts or faults thereof, in any further sum
than the unpaid balance due the company On
the shares of the stock subscribed for owned
by him. nor shall any info rnality in organiza-
ton have the effect of rendering this charter
null, or of exposing a stakeholder to any
liability, beyond the unpaid balance, if any, of
his stock.
This done and passed at my notarial office,
in the town of WINFIELD, Winn Parish, I.ouis-
ana, on the I4th day of February A. ID. 1908 in
the presence of o. NJ. Grisham and w. NJ.
Simmons. competent witnesses of lawful age,
and residents of this town, who hereunto sign
their names. together with said parties, and
me, notary, after reading of the whole.
Witnesses:
o. NJ. Grisham.