The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1909-04-30

as Ten shares ,t it's capital stock
shall have been subscribed and paid
for. No stock shall be issued for less
than its par value, and not until it
shall have been fully paid for in cash
Or its equivalent, or by services rend-
cred 10 the Corporation. The capital
stock of this association shall be non.
assessible, and shall be issued at such
times and in such amounts as the
Board OF Directors may determine.
ARTICLE VI.
The corporate powers of this Cor
pOratiOn shall be vested in and exer-
cised by Board OF Directors to be
composed Of. stockholders, who
shall be elected at the annual meeting
of the stockholders, which shall be
held on the first Monday of the month
Of April Of each year, beginning with
the first Monday of the month of
April, in the year 1910. At all stock
holders meetings, all elections shall
be by ballot, each stockholder being
entitled to one vote for each share of
stock owned by him. Each stock
holder shall be entitled to vote,
whether in person or by written proxy.
Notice of all meetings of stockholders
shall be given by sending notice by
registered mail to each stakeholder at
his or her last known postoffice ad.
dress, at least fifteen days prior to the
meeting designated.
ARTICLE VII.
The officers of this Corporation
shall be President, Vice-president,
Secretary and Treasurer, and the
offices of secretary and Treasurer may
be filled by one and the same person
at the same time.
ARTICLE VIII.
At the termination of this Charter
by limitation, or upon its dissolution
at any time, its business and affairs
shall be liquidated and wound up by
three commissioners, to be selected by
the stockholders, from among them.
selves, at meeting convened for such
purpose, after ten days written notice
shall have been given by registered
mail to each stakeholder, at his or
her last known postoffice address; or
its dissolution may be affected in a
similar manner, at any regular meet
ing OF the stockholders of this Corpor-
alton. The duties of the liquidating
committee thus selected, shall be de-
fined and their compensation fixed by
vote of the majority of the stock
holders present or represented at such
meeting, and said commissioners shall
remain in Office until the affairs. OF
the Corporation shall have been
liQuidated in full. In case of the
death of one or more of the commits.
sioners, the survivors shall continue
| to act.
ARTICLE TX.
No stakeholder of this Corporation
shall ever be held liable or response
BILE for the contracts or faults thereof,
in any further sum than the unpaid
balance due the Company on shares
of stock subscribed for or owned by
him, nor shall any informality in Or
ganiZation have the effect of rendering
this Charter null, or of exposing any
stakeholder to any liability, beyond
the unpaid balance, if any, of his
stock.
This done and passed at Welsh,
Louisiana, in the presence of c. E.
Carr and o. Fulton, competent wit
nesses, who hereunto sign as such, to-
gether with said parties and me, after
due reading, on the day and date
first above written. Subscribers:
(Signed) Jno. II. Cooper.
Fl. E, Wesson.
VIM. B. Gabbert.
E. G. Willard.
e. H. Boiling.
G. w. Cosner.
A. L. Jones.
witnesses: 0. Fulton.
G. E. Carr.
Lee E. Robinson,
Notary Public, Calcasieu Parish, Lou
isiana.
81
STATE OF LOUISIANA,
Parish of Calcasieu.
Before me, Lee E Robinson, a No
tary Public, in and for the said Par