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

services, or other valuable consideration, ac-
tually received by said corporation. and no
certificate representing said shares shall be 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 por
ton OF the purchase price, and granting time
for 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 sucn blocks
and at such times as III their Judgment is ad-
visable.
ARTICLE ".
The stockholders of this corporation shall
hold n regular annual meeting on the second
Tuesday of April, 1906, and annually thereaf-
ter, ut 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.
The President, or in his. absence the Vice
President, may call II special meeting, OF the
stockholders at any time he deems advisable,
upon requiring the Secretary 10 give notice as
herein provided. but at such special meetings,
no business shall be transacted except such AZ
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 postotice given by SAID stock
holder upon the stock books.
All transfers of stock, in order to he binding
upon this corporation, the certificates therefor
shall he surrendered and cancelled, and new
certificates issued to the transferee. and pro-
pei entry made upon the books OF this corpor-
alton.
The officers of this corporation shall consist
of President, a Vice-PIesident, Secretary
and Treasurer, but the same party may ottici,
ate as both Secretary and Treasurer, and each
of said officers shall perform like duties usual
~ incumbent upon such officers in corpora
lions.
Until the first annual meeting of the stock
holders of this corporations the officers of this
corporation shall be John W. Tanner, PreSi-
dent: Silas W. Day, Vice-President, and For
rest L.. Tanner. Secretary and Treasurer,
which three shall constitute its first Board of
Directors.
ARTICLE V.
The business of this corporation shall he
controlled by and its corporate functions eX-
ercised through Board Of Directors cOmpOs-
ed of three stockholders, who shall have power
to fill all vacancies within their number or
among the officers of this corporation; to
adopt, amend and repeal ID set of bylaws for
governing the business of this corporations
and to make, adopt and break 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
ganiZe by electing from among their number
a President and a Nice-President, but they
.,l- 'Iraa ttrhr
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 OF at any special meeting thereof,
called for that purpose III case OF amend
ment upon complying with the other pro-
visions Of law, and in the event OF dissolution
the stockholders shall elect at least one and
not more than three l1quidatOrs 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
liQuidate its affairs in accordance with such
instructions as may be given said llquldators
by resolution of the stockholders appointing
them.
No stakeholder of this corporation shall ever
be held liable or responsible for the contracts
or faults thereof, in any further sum than the
unpaid balance due the company on the shares
of stock subscribed for or owned by him, nor
shall any informally IN organization have the
effect of rendering this charter null, or Of ex.
posing a stockholder to any liability, beyond
the unpaid balance, if any, of his stock
Thus done and passed at my notarlal office,
in the town of Welsh. Calcasieu parish, Louis
lana, on this the eighth day of march: in the
presence of 0. Fulton and James Ellis, COM
IF ls,vfnl 90 residents Of
this Parish, who hereunto sign their names
together with said parties and me, notary.
after due reading Of the whole.
WITNESSES:
o. FULTON, JOHN ". TANNER,
JAMES ELLIS. FORREST l.. TANNER,
SILAs W. DAY.
81 LEE E. ROBINSON,
SEAL Notary Public.
STATE OF LOUISIANA
PARISH OF CALCASIEU:i
Before me, Lee L. Robinson, a duly com.
misioned and qualified Notary Public, in and
for SAID tn4 sha Sn9 Tp snJ de came
Tanner, each of whom declared unto ne in the
presence of the hereinafter named AMI under
signed witnesses, that they do hereby ubseribc
and bind themselves to pay for the lumber Of
shares of the capital stock Of the Welsh Ware
house & Supply Company set opposite their
respective signatures, hereunto, at the, par
value of one hundred (S100J dollars per share.
Witness my official signature and seal at
Welsh, Louisiana, in the presence of o. Fulton
and James Ellis, lawful witnesses, on this the
eighth day of March, A. D., 1905
Name No. of Shares
John ". Tanner OBSERVATION-DISCLOSURES 30 Shares
Forrest l.. Tanner. ...................30 Shares
Silas W. Day ..,....,.,.,.......,......3 30 Shares
WITNESSES:
O. FULTON,
JAMES ELLIS.
L. E. ROBINSON, 81
Notary Public. SEAL.
STATE OF LOUISIANA
PARISH OF CALCASIU.)
Office of Clerk Of the District Court.
hereby certify that the above and fore
going is a true and correct copy of an act of
Charter filed for record in my Office on March
9th. 1905, and duly recorded on March 18th
1905 in Mortgage Record Fifteen, Page 46, ct
SEQ.
Witness my signature and official seal at Lake
Charles, La, this 2"nd day of April, A. d.,
1905.
81 J. ". WILLIAMS.
(shL Deputy Clerk.
Thin tt rnnnor M n