The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-08

may require, and the same to dismiss at
pleasure. The said Board of Directors
shall make and establish such bylaws,
rules and regulations as they may deem
necessary, and the same to alter and
amend at pleasure. The Superintendent
shall furnish or cause to be furnished
and presented to the President, at such
times as he may require, detailed
statement OF the business and affairs of
this corporation OF the current month.
The Board of Directors shall have power
to issue full paid shares of stock in this
corporation for cash, or in payment for
labor done, or for property actually re-
ceived by this corporation. Each di-
rector shall have the right to appoint a
proxy to represent him at the meetings
of the Board of Directors.
ARTICLE vi.
This act of incorporation may be
amended in every particular, except as
to the increase or decrease of the capital
stock or number of shares (Which must
be done as required by law at meeting
of the stockholders called specially for
that purpose after ten days notice
thereof shall have been given each
stakeholder, addressed to him at his last
known place of residence, said meeting
to be called by the President upon the
written request of those holding not less
than one-third of the stock of this cor
poration.
ARTICLE VII.
Upon the termination OF this charter
by limitation, or upon its dissolution by
vote of the stockholders, its business and
affairs shall be liquidated under the
supervision of three commissioners Sc
lected from among the stockholders at
general meeting called for that purpose,
in the manner above provided for. In
case OF the death of any commissioner
during the term of his duties as such,
the remaining commissioners shall
select a successor from among the stock
holders.
ARTICLE VIII.
No stakeholder shall be liable or in
any manner responsible for the contracts
or faults of this corporation beyond any
unpaid balance that may be due on the
shares of stock owned by him; nor shall
any mere informality in this act have the
effect of rendering this charter null, or
of exposing stockholders to liability
beyond the amount of their stock. The
subscribers hereto have set opposite
their respective names the number of
shares of stock subscribed to by them,
respectively, and this act shall serve as
the original subscription list of said
corporation.
Thus done and passed in my office, in
the town of Benton, Parish Of Bossier,
on the day and date herein first above
{ hn Of . d
Joannes Smith and A. B. Ivey, who
hereunto subscribe their names, with the
said appearers and me, Notary, after the
reading of the whole.
w. E. IVEY, IL Shares.
w. H. NORTH, Is Shares.
A. G. SLAGILL, IL Shares.
N. NJ. BELCHER, IL Shares.
Attest:
A. B. IvEY, Assistant to Slagill.
JoANNEs SMITH.
| r. r. HILL.
b. A. KELLY,
Clerk and ex-oficio Recorder and Notary Public.
State Of Louisiana, After examining
Parish Of Bossier. the above and
foregoing act of incorporation and find
ing nothing therein contrary to law, l
approve the same.
Done and signed officially on this, the
25th day of September, A. D. 1908.
JOHN N. SANDLIN,
District Attorney, Second Judicial Dis
trict, Bossier Parish.
State Of Louisiana, / hereby certify
Parish Of Booster. that the above
and foregoing is true and correct copy
of the original act as the same now APP
pears on file in my Office, duly recorded
on Mortgages, volume R, page 591 ct seq,
on September 26, 1908.
Given under my hand and seal OF
office this, the 18th day of September,
1910. r. B. HILL,