The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-11-05

until their successors are elected ana
quaAhed. All such elections shall e
Dy ballot and shall be conducted at ia
office OF this corporation, under, III IN
supervision OF three..commissioners an
pointed by the President. Each stool.
holder shall have one vote for each share !
OF stock standing in his name on ths
books OF this corporation, to be cast h
person or by proxy, and a majoritv q
votes cast shall elect. Any yacanev:
occurring among the directors by death
resignation, or otherwise, shall be filled
by election for the remainder of the term
OF ONCE OF the Board of Directors bv ~
remaining directors. A failure to elect 4
directors on the date fixed above for ia
election of directors shall not dissolye
this corporation, but the Board of n-
rectors and officers then in office shan
hold office until their successors A.
elected and qualified. Each director
shall own at least one share of stock
All checks shall be signed by the Presi-
dent, as well as all notes, drafts, con-
tracts and obligations of this corpora-
ton. The President of this corporation
shall be charged with the full power d
appoint such officers, clerks, agents and
employees as the business of the COMPANY
may require, and the same to dismiss Is
pleasure. The said Board Of Director
shall make and establish such by-laws
rules and regulations as they may deer, {
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 ior
labor done, or for property actually re-
ceived by this corporation. Each d..
rector shall have the right to appoint
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 Il ];
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. notes
thereof shall have been given each
stockholder, addressed to him at his last
known place Of residence, said meeting
to be called by the President upon tie
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 TIE
supervision of three commissioners ~
lected from among the stockholders 1T y =
general meeting called for that purpose
in the manner above provided for: a
case OF the death of any commissions
during the term of his duties as such,
the remaining commissioners shall
select successor from among the stock
holders.
ARTICLE VIII.
No stOckholder shall be liable Or u {
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 th0
effect of rendering this charter null, of
OF exposing stockholders to liability
beyond the amount of their stock. Tia
subscribers hereto have set Opposite
their respective names the number q u
shares OF stock subscribed to by thezq
respectively, and this act shall serve - \
the original subscription list OF SAID
corporation.
Thus done and passed in my ONCE, 2
the town of Benton, Parish Of Bossiefs
on the day and date herein first allow
written, in the presence of r. B. Hill,
Joannes Smith and A. B. lvey, VINO
hereunto subscribe their names, with tie
said appearers and me, Notary, after tno
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.
" " i' B.A KELLY,
Clerk and ex-ofI1cio Recorder and Notary Public
State Of Louisiana, After examining
Pdrtsh Of Booster. the above ala U
foregoing act of Incorporation and nnd-
ing nothing therein contrary to Law, So
approve the same.
Done and signed officially on this, re
18th day of September, A. D. 1875
JOHN N. SANDLlN,
District Attorney, Second Judicial us
trict, Bossier Parish.
State Of Louisiana, II hereby eefslI
Parrish Of Bossier. that the aposee
and foregoing is true and correct cop
of the original act as the same now ~
pears on file in my Office, duly recon-
on Mortgages, volume R, page 59l et ~ n
on September rs, 1908. {;
Given under my hand and seal
Office this, the 26th day of Septemoe
1915. R. B. HILL
Deputy Clerk and ex-officio heco