The southern sentinel., 1909-01-01

been subscribed for. this corporation is
authorized to b. gin bl,iness.
The remainder OF the capital stock shall oe
ISL ued and paid for a; such time or times ano
in the manner authorized by the Board oi
Directors of the said corporation, but NJ
stock shall be issued until paid TOR in money
or property actually received or labor done,
and the Board Of Directors of this corporation
is hereby authorized and empowered TO de-
t.rmne the value of property or labor offered
in payment for stock In this corporation
Transfers of stock IN this corporation shall
be made only on the books of said corporation
ARTICLE v.
The officers OF this corporation shall be
I President, Ist Vice-President, ID Vice Pres
! ident, Secretary and Treasurer, b1t any two
/ OF these Offices may be filed by one aud the
same person. The Secretary and treasurer, II
/ the Board of Directors shall SO require, shal!
give loud in such sums as the said Board may
eeterrnlne. Said officers shall be stock
/ holders in said corporation and stall be eieC-
ted annually by the Board oj Directors, and
! shall serve until their successors are elected,
qualified and enter upon the discharge OF
their duties
ARTICLE vi.
At all stockholders meetings Of said CORPORA
ton. each stockholder shall be entitled to one
vote for each share OF stock owned by him or
repre- en;ed by written proxy.
ARTICLE VII.
The corporate powers of this corporation
all DC vested in Boasd OF Directors con
posed Of not less than ive nor more than nine
persons all of whom must be stockholders in
said corporation n majority Of whom shal.
consulate quorum. The stockholders shall
hold regular annual meetings, the tine for
~hi, h shall be liked by the bylaws OF said
corporation. AT these annual meetings The
stockholders saall transact any business
coming before them aud shall elect a Board of
Directors for .ise eDsuing year, which newly
elected Board shall at once organize by elect
ing frcIn their own number the officers OF said
corporation. The stockholders shall by res
olUtiOn hx the number OF directors TO be
elected and they shall have power 10 do this
at the annual stockholders msetias each
year.
Tie firs; Board OF Directors shall be: A. Is.
Banks, II. A. Iongino. j NJ. Middleton, III q.
Sonch, J. W. Lac. c. q. CoEroy, William n
Nepfer, X. Coloer, and o. NJ. G. ishsm, and of
this Bosid the following shall be the first
ofic,rs OF said corporation: A. b. Banks,
President; IL. a. Longllo, LIST vile-President;
j. ~ Middleton, I'd Vice President; IL. c.
Couch, Secretary lad ]. ". Lee, Treasurer.
SAID Board OF Directors shall have power to
make such bylaws and regulations as may be
necessary for the proper management of the
affairs OF said corporation and shall have the
power to amend and change the same at their
pleasure; and shall have power TO provide for /,
and contract debts, borrow money, Issue /,
bonds, oraits. ne:es, acceptances, execute
mortgages and 10 do all things incident to the !
objects and purposes of said corporation; a. d
shall have authority to vest The President OF
any othero ficer with such OF these powers as
they see TT.
The said Board of Directors shall also bavs |
Authority TO elect from their Own number an |
Executive Committee composed OF tive of their |
own number in whom the said Board of Direc- |
tors shall have authority to vest all or any |
part OF The corporate powers vested in ths sad |
Beard of Directors. aud when 50 done oyely- |
thing done by the said Executive Committee |
within the authority given it by the said
r3oard of Directors. shall have the taue COZ
- rate legal effect as If done by the said Board
OF Dire tctors itself.
ARTICLE VIII.
Any vacancy lR.ny OF the onices Of this cor
poration, including dii ectors, shall be flied
oy nsjority vote of said Board of Directors
a; any regular meeting of said Board or at any
call meeting called for that purpose.
ARTICLE TX.
No Stockholders shakever be held liable for !
any ntracts, faults or obligations of this COR
po1alion in any further sum tnxn the unpaid |
b lance due to the company On tie sAAIe
o mo- by him; nor shall any mere informally |
in tie organization have the effect OF rendering
is Charter null, or exposing stakeholder 20 /
any Liability beyond the amount Of his stocck.
This charter may be changed, altered or
appended or the said corporation dissolved by |
three-fohrths vote of the capital stock i
present ard represented at n meeting called |
for tEat parpose. notice OF said meeting to be |
given by thirty days written not ce signed by |
the President or Secretary OF said corporation !
aod also published for FIVE weeks in a news
paper published at tie domicile OF said |
corporation should this corporation be dis
solved by vote Of said stockholders, its
affairs shall be liquidEted in a manner pro |
vided by its Board of Directors.
THUS DONE AND PASSED in my Office In |
the town of WINFIELD, winn Parish. louisr. i
ana, en- the day, month and year first above |
wdtter. in the presence of Sam ID. stennis Jr. |
aud A. z. .Huckaby too legal witnesses. together ,
with said appearcrs and me, Notary, after due
resding OF the whole
v wrTSEssEs: A. B. Fanks,
sd. stennis. Jr-s J. ". Lee.
A. r. Huckahay. by A. b. Banks.
J. N. Middleton,