The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1905-05-05

services. or other valuable consideration, ac-
| tually received by said corporation, and no
certiHcate representing said shares shall he is-
sued until the purchase price thereof has been
fully paid, though the Directors are author
| lZed to sell stock upon the payment Of A Dor
ton Of the purchase price, and granting time
lor the balance. provided the certificates shall
not issue until fully paid for. This corpora
ton is authorized to commence business as
such as soon as Five Thousand Dollars Of its
capital stock has been actually subscribed and
paid for. The Directors of this corporation
are authorized to offer for sale the remaining
portions OF said capital stock in such blocks
ana at such times as in their Judgment is ad-
viSable.
ARTICLE ".
The stockholders of this corporation shall
hold regular annual meeting on the second
Iuesday or April, 1906, and annually thereaf-
Ter, at which meetings they shall elect from
among their number a Board of Directors,
consisting OF three stockholders, and shall
consider such other business and matters as
may come before them for consideration.
, Inc PRESIDENT, or III his absence the Vice
ffesluent, may call a special meeting of the
stockholders ut any time he deems advisable.
upon requiring the Secretary to give notice as
herein provided. but at such special meetings,
no business shall be transacted except such us
Is named in the notice calling same.
1T shall be the duty of the Secretary to give
at least ten days written or printed notice by
mail, to each stakeholder of any regular or
special meeting OF the stockholders, properly
addressed to the pOstotfice given by said stock
holder upon the stock books.
All transfers OF stock, in Ordor to be binding
upon this corporation, the certificates therefor
shall be surrendered and cancelled, and new
certificates issued to the transferee, and pro-
pea entry made upon the books Of this corpor-
alton.
The officers of this corporation shall consist
OF a President, a Vice-President, a Secretary
and treasurer, but the same party may Otfici-
ate as both Secretary and Treasurer, and each
Of said officers shall perform like duties usual
~ incumbent upon such officers in corpora
tons.
Until the first annual meeting of the stock
holders OF this corporation, the officers Of this
corporation shall be John W. Tanner, Presi-
dent: Silas W. Day, Nice-PreSident, and For
rest L.. Tanner, Secretary and Treasurer
which three shall constitute its first Board of
Directors
ARTICLE
The business OF this corporation shall he
controlled by and its corporate functions ex-
erclsed through Board of Directors compos-
ed OF three stockholders, who shall have power
to I'LL all vacancies within their number or
among the officers OF this corporation; to
adopt, amend and repeal a set of bylaws for
governing the business OF this corporation,
and to make, adopt and break a corporate seal
at their pleasure: to sell, mortgage, or other |
wise cucumber any of the real estate of this
corporation. and generally to have full charge. |
management and control Of its business and
affairs. and all officers, managers and employ
ees shall be subject to the directions, orders
and control of said Board of Directors.
The said Board of Directors shall within ten |
days after each annual election on the second |
Tuesday OF April OF each year, meet and or
game by electlng from among their number
a President and a Nice-President, but they
may elect Secretary and Treasurer who are
not members of the Board of Directors.
ARTICLE vi.
This charter may be amended, or the corpor-
alton Dissolved with the assent Of three.fourths
OF the stock present or represented by written
proxy at any regular meeting of the stock
holders, or at any special meeting thereof,
called for that purpose in case Of amend
visions Of law, and in the event of dissolution
the stockholders shall elect at least one and
not more than three lQuidators to take charge
Of the property and assets Of the corporation
sell and dispose of same, under such terms as
may. be prescribed by the stockholders, and
iQuidate its affairs in accordance with such
Instructions as may be given said liquidators
oy resolution Of the stockholders appointing
hem.
ARTICLE VII.
No stockhoder Of this corporation shall ever
De held liable or responsible for the contracts
unpaid balance due the company on the shares
u stock subscribed for or owned by him. nor
hall any lnformality in organization have the
'ffect OF rendering this charter null, or Of ex-
losing a stakeholder to any liability beyond
he unpaid balance, il any, Of his stock.
Thus done and passed at my notarial Office,
n the town of Welsh. Calcasieu parish, Louis.
ana. on this the eighth day Of march, in the
presence of O. Fulton and James Ellis, COM
,etent witnesses, of lawful age, residents of
his Parish, who hereunto sign their names
ogether with said parties and me, notary,
fter due reading of the whole.
WITNESSES:
}. FULTON, JOHN ". TANNER.
AMRs ELLIS. FORREST /. TANNER,
SILAs w. DAY.
i.mn,l LEE Z. ROBINSON,
SEAL. Notarv publ,