The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1908-08-07


Tuesday of July, A. D. 1909, the hrSt
of each meetings to be held on the day
above named.
At every election of officers or meet
ing of the stockholders OF this cor
poration. each stakeholder shall be
entitled to one vote for each share OF
stock standing in bis 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 cleo
ton of director to secure his cleo
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 in 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,
f clerks, servants and other laborers as
they may deem necessary: to fix their
!. compensation and terms of office with
the right to dismiss them at pleasure;
n they shall have the right to fix the
g salaries of the various officers herein
provided for and to fill all vacancies
in the board of directors caused by
death. resignation or otherwise.
Article VII.
The President of this corporation
n shall be its chief executive officer ant
o shall preside at all meetings of TIT
stockholders and board of directors
"a and shall perform such other duties a
G are usually incumbent upon the Presi
nc dent of a corporation.
- The Vice President shall, in tn
~ absence of the President. perform hi
re duties, and act with the same powe
"a and authority as the President, duriD
ID such absence or inability.
The Secretary and Treasurer G
e. this corporation shall each p~rIorl
"a such duties as are usually in,'umber
II upon officers holding their rrspectiv
Of positions in other corporation.
# Any officer, director. manager 9
superintendent of this corporation
authorized to make any affidavit, {
" execute any bond incident or necessar
:, in any legal proceeding in which tn
N corporation may be interested.
10y 1t shall require favorable vote (
- three-fourths the capital stock ct th1
~, corporation, present or represented
-, 90 any regulae or special meetin. Of Il
y stockholders of this corporation
amend this charter, or terminate
-" existence, or to liquidate its affair
80 and in case of liquidation, they sha
w at the same meeting elect from amor
.'' their number not to exceed three liqr
'' dators to dispose of the property al
assets of this corporation, and viii
up it's affairs in accordance with t
ra- resolution appointing them.
Irs' Article VIII.
Any stakeholder may sell. assign
y, transfer his stock in this corporate
~, providing thirty days prior notice
=, such intention to SELL assign or tran
Wv fer the same be given the cOmpan
and the other stockholders there
shall have the first privilege of pit
~ chasing same at the price at viii
said stock is to be placed on the mt
lor ket, after which thirty days notice
ell said stock may be sold in open MI
Din0 ket.
lef- Article TX.
~ No stakeholder of this corporate
shall ever be held liable or respOnsi|
for the contract or faults thereof,
wa any further sum than the unpaid b
- ' ance due the corporation On the shal
N0N of stock subscribed for or owned
him, nor shall any informality in
ganization have the effect of renderi