The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1907-05-23


jects and purposes of said corporation.
| Said corporation, unless sooner dis
solved in accordance with its charter,
/ shall exist and continue for period of
ninety mine years from and after the
| date hereof.
/ The President, or in his absence, the
| Vice-President or Secretary, shall be
| the proper person upon whom citations
or other legal processes shall be served.
ARTICLE II.
/ The objects and purposes for which
this corporation is organized, and the
nature Of the business to be carried on
by it, are declared to be the following,
| to-wit:
The maintenance in the Parish of Bos-
sier, State of Louisiana, of public fairs,
expositions and exhibitions Of stock and
agricultural products, and for the en-
enlargement Of agricultural and horti-
cultural products, and in all ways to
promote the various industries of the
State of Louisiana, and the welfare of
its citizens.
ARTICLE III.
The capital stock of the said corpora
ton shall be Five Thousand Dollars
(S5,000.00) divided into and represented
by one thousand (t000) shares of the sum
of Five Dollars (S5.0O) each, which said
stock shall be paid for in cash at the
time of subscription, or as may be de-
termined by the Board of Directors, or
the same may be issued, at not less than
par, in payment or exchange for property
or rights actually received or purchased
by SAID corporation, or the same may be
! issued, full paid, for money advanced,
and for such other valuable considera-
tons or services as the Board of Di-
rectors of said corporation may deter
mine; provided, that no stock shall be
issued until the consideration therefor
has been received by said corporation.
Any stakeholder may sell, assign or
transfer his stock in this corporation,
provided thirty days. prior notice of
such intention to sell, assign or transfer
the same, be given the company, and
the other stockholders thereof shall have
the first privilege of purchasing same.
| After thirty days notice, the said stock
| may be sold in open market.
The stock OF the said corporation may
be transferred under the above condi-
| tions, provided such transfer thereof
may be made on the books of said COM
pany at it's Office and on surrender Of the
/ certificate thereof. No transfer of any
/ fractional part of share shall be made.
The corporation shall commence doing
business as soon as one thousand dollars
! (St000.00) Of its capital stock shall have
been subscribed for. The Board of Di-
rectors shall have the right to determine
| how much stock shall be issued.
ARTICLE ".
The corporate powers of this associa-
ton shall be vested in and exercised by
a Board of Directors, consisting of nine
stockholders, the President, Vice Pres
ident, Secretary and Treasurer. Five of
said Board of Directors shall constitute
! a quorum for the transaction of bust
ness, and their decision shall be a valid
and corporate act.
The following persons shall constitute
/ the first Board of Directors and officers,
and they shall serve until the first Mon
/ day in. December, 1907: N. w. Sentell,
President; E. NJ. Laughlin, Vice-Pres-
ident; w. H. Demoss, Treasurer; j. T.
Many, Secretary; L. c. Buckley, w. B.
Boggs, G. I. Mays, J. A. Lowe and
J. G. Logan.
A meeting of the stockholders will be
held on the first Monday in December,
1907, and each year thereafter, to elect
directors to succeed those whose term
has expired.
/ No person shall be eligible as a di-
rector, or an officer, who is nor a stock
holder of this association.
During the absence of the President,
the Vice President shall act and preside.
/ Notice of said annual election shall be
given Immediately preceding said cleo
ton, and this notice shall be published
in some paper published in the Parish of
Bossier, and the Board Of Directors shall
/ appoint one or more stockholders to pre-
side at such election as commissioners.
In the event of failure of any commits
/ sioner, or commissioners, to attend, the
President shall, by appointment, fill the
vacancy. Any failure from any cause
whatever to elect the directors the day
named for that purpose, shall not dis
! solve the corporation, but the directors
then in Office, as well as the officers of
said association, shall hold over until
/ their successors are chosen.
In such event, the President shall
cause another election to be held within
thirty days, and shall give notice thereof
as herein before provided.
/ At every election and meeting each
I stakeholder shall be entitled to one vote
for each share Of stock registered in his
name, and may vote by proxy.
4 The election Of directors shall be by
ballot, and majority in amount of votes
cast, each share of stock voted upon to
be counted for one vote, shall elect the
person or persons for whom they have
been cast.
/ After each election the Board of Di-
rectors shall elect from their own men,
/ bers the officers of said association.
ARTICLE v.
The Board Of Directors shall have full
power to fill vacancies in their number
caused by death, resignation or other
wise, from among the stockholders OF
the corporation.
The said Board shall have full control
OF this association, and shall so conduct,
manage and use the same as in their
I discretion they may deem tit and that is
consistent with the objects of the assoc
citation, or the welfare of the same.
The said Board is further authorized
70 frame and adopt such bylaws, rules