The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1909-05-14

shall have been fully paid for in cash
or it's equivalent, or by services rend-
cred to 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.
1.-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 stakeholder being
entitled to one vote for each share of
stock owned by him. Each stock
holder shall be entitled to vote,
whether iu person Or by written proxy.
Notice of all meetings of stockholders
shall be given by sending notice by
registered mail to each stakeholder az
his or her last known postoftice ad
dress, at least fifteen days prior to the
meeting designated.
ARTICLE VII.
The officers of this Corporation
: shall be President, Vice-president,
u a Secretary and Treasurer, and the
Il offices of secretary and Treasurer may
y be filled by one and the same person
' at the same time.
- |, e VIII.
- At the termination of this Charter
4 by Limitation, or upon its dissolution
!. at any time, it's business and affairs
II shall be liquidated and wound up by
three commissioners, to be selected by
7 the stockholders, from among them
, selves, at a meeting convened for such
y purpose, after ten days written notice
y shall have been given by registered
!, mail to each stakeholder, at his OF
~ her last known postoffice address; OF
IN its dissolution may be affected in
+ similar manner, at any regular meet
N ing OF the stockholders of this Corpor
"A alton. The duties of the liquidatins
~ committee thus selected, shall be de
~ fined and their compensation fixed b.
a vote of the majority OF the stock
;s holders present or represented at sucl
III meeting, and said commissioners shall
,+s remain in Office until the affairs o
al the Corporation shall have beef
~ liouidated in full. In case OF tn
death of one or more of the commits
sioners, the survivors shall continu
he to act.
IN. ARTICLE TX.
Ter No stakeholder of this Corporate
ra- shall ever be held liable or respOns
the BILE for the contracts or faults Thereof
in in any further sum than the unpai
yht balance due the Company on share
yes of stock subscribed for or owned b
ap- him, nor shall any informality in Of
or ganization have the effect OF renderin
ra- this Charter null, or of exposing an
ra- stakeholder to any liability, beyon
all the unpaid balance, if any, OF h
to stock.
IN This done and passed at Welsl
OF Louisiana, in the presence OF c.
Carr and o. Fulton, competent wi
ION nesses, who hereunto sign as such, t.
ors gether with said parties and me, aft
ing due reading, on the day and da
ON first above written. Subscribers:
fSigned) Jno. H. Cooper.
H. E. Wesson.
.or. VIM. B. Gabbert.
on. E. G. Willard.
and E. Il. Boiling.
ell. G. W. Cosner.
,ate A. Z. Jones.
,ed, fWitpesses:) O. Fulton.
all G. E. Carr.
Try, Lee E. Robinson,