The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1908-07-17

w.
Tuesday of July, A. D. 1909, the first
of each meetings to be held on the day
above named. !
At every election of officers or meet J
ing of the stockholders of this cor
poration. each stakeholder shall be
entitled to one vote for each share OF
stock standing in his name upon the
books of this corporation. The cleo {
ton of directors shall be by ballot
and it shall require majority OF the
stock to be voted in favor OF the elec'
ton of director to secure his elec'
ton. After each election OF directors
the board of directors thus elected
shall choose from their own number
the officers Of the corporation.
Notice of the annual or special
stockholders meeting shall be given
by sending to each stakeholder by
registered mail written or printed
notice OF said meeting at least ten
days prior to the date thereof.
Article vi.
The board of directors shall have
full control Of the property OF this
corporation and shall conduct, man
age and use the same in the manner in
which the objects of this corporation
may be best carried out, and the pro-
motion of it's welfare most certainly
secured.
The board of directors shall have
full power and authority to frame and
adopt such bylaws as 10 their judg.
ment the business of this corporation
e may require.
They shall have power to elect such
v other officers and employ such agents,
= clerks, servants and other labOrers as
they may deem necessary; to Tx their
compensation and terms of Office with
: the right to dismiss them at pleasure;
>, they shall have the right to Tx the
g salaries of the various officers herein
provided for and to fill oil vacancies
in the board of directors caused by
DEATH resignation or otherwise.
T. Article VII.
. The President of this corporation
- shall be It's chief executive officer ant
- shall preside at all meetings OF TIT
= stockholders and board of directors
y. and shall perform such other duties O.
:. are usually incumbent upon the Presi
&C. dent of corporation.
:. The Vice President shall. in tn
y. absence of the President. perform nj
- duties, and act with the same pOwe
- and authority as the President, durip
such absence or inability.
The Secretary and Treasurer {
= this corporation shall each pertorl
- such duties as are usually incumbel
~ upon officers holding their respectiv
- positions in other corporation.
- ANY officer, director. manager
superintendent of this corporation
authorized to make any affidavit,
20 execute any bond incident or necesss'
81 in any legal proceeding in which tn
w. corporation may be interested.
"n' 1t shall require a favorable vote
fly three.fourthsl the capital stock OF tn
W. Incorporation, present or represented
,"' any regulae or special meeting ,of t
''eS stockholders of this corporation
vi amend this charter, or terminate
e" existence, or to liquidate its attain
sS and in case of liquidation, they sh'
10 at the same meeting elect from amo
1000 their number not to exceed three liq'
'o' dators to dispose of the property a
assets of this corporation, and wi
up its affairs in accordance with
'ra' resolution appointing them.
ars. Article VIII.
"o Any stakeholder may sell, assign
W transfer his stock in this corporate
providing thirty days prior notice
'"'' such intention to sell, assign or tral
'no fer the same be given the compar
~ and the other stockholders there
y :" shall have the first privilege OF p
;, ,''' chasing same at the price at VIII
" said stock is to be placed on the m
~ ket, after which thirty days notice
' ,.n said stock may be sold in open m
ket.
Article TX.
by
No stakeholder of this corporal
,;.od shall ever be held liable or RESPONSE
,oo, for the contract or faults thereof,
,or; any further sum than the unpaid
;hoa ance due the corporation on the sha
of stock subscribed for or owned
him, nor shall any informality in
eanization have the effect of render
W. this charter null or of exposing
u, y. stakeholder to any liability, bey'
- - the unpaid balance, if any, OF
toch ,+ool,