Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-03-18


and to that end said corporation shall
have power to contract, sue and be
sued In its corporate name, to make and
use a corporate seal, to hold, receive,
purchase, convey, and lease under its
corporate name, property both real and
personal, to borrow money, to incur liza |
bilfty, and to represent the same by issu- |
ing promissory notes, and to secure pay
ment thereof by mortgaging, efiecting,
and hypothecating all or any part OF its
immovable property, or by pledging such
of its property as..may be suggested there
to; to name and appoint such managers,
directors, and officers as tts convenience
or interest may require; to make and e.
tablish such bylaws for the proper man.
agement and regulation OF the affairs OF
said corporation as may be necessary AND
proper, and generally to do such other
things as are lawful for corporations to
do under the constitution or laws now
existing, or which may hereafter be en-
acted.
ARTICLE III.
The domicie of this corporation shall
be in the Town of st. Joseph, Parish OF
Tensae, and State of Louisiana.
The capital stock of this corporation is
hereby fixed at the sum- Of FIFTEEN
THOUSAND DOLLARS ($l5, 00O. OO),
divided into one hundred and fifty shares
of One Hundred Dollars each, and this cor
poration shall commence business as soon
as eighty shares of the capital stock shall
have been subscribed and paid in, pay
ment for the shares of stock to be made
at the time they are subscribed for. All
transfers of stock in this corporation shall
be made on the books of the corporation
by the stock holder himself, or by the
agent in fact of said stakeholder, duly
authorized thereto in writing.
ARTICLE V.
The officers of this corpOrtion shall be
President, Vice President, Secretary,
and Treasurer, but the same person
may be elected to fill the offices of Secre-
tary and Treasurer.
Citation and all legal process shall be
served on the President, or, in case Of
his absence or inability to act, on the
Vice President, or, in the case of the alb
sence or inability to &C, of both, upon
the Secretary of the corporation.
The Board of Directors hereinafter pro-
vided for shall have power to appoint
such other agents, employees, and SER
wants of the corporation as shall be neces-
sary for the business of the corporation.
ARTICLE vi.
| All the corporate powers of this corpor-
alton shall be vested in and exercised by
Board of Directors, consisting OF five
members, who shall be stockholders in
said corporation, a majority of whom
shall constitute quorum for the trans
action of all business. They shall elect
from their number a President, Vice
President, and Secretary and Treasurer,
who shall hold Office for one year, or un-
til their successors are elected; they shall
fill all vacancies which may occur in said
Board of Directors from death, resigna-
ton or other causes; they shall make all
bylaws, rules and regulations, etc., for
the government Of the business and af-
fairs OF the corporation, and may alter,
amend, or change the same at their pleas
ure; make all contracts, hire and dis
charge all agents, employees and SER
wants, fix all salaries, and generally do
and perform all things necessary for the
transaction of the business of the corpor-
alton.
The first Board of Directors shall con-
sist of r. H. Whitney, E. L. Gulley, N.
| B. Hunter, F. L. Guthrie and H. NJ.
Marks, with r. H. Whitney as Presi-
dent; N. b. Hunter as Vice Presi-
dent, and f. l.. Gulley as Secretary and
Treasurer of said corporation, and Board
of Directors and said officers shall hold
their offices until LIST Monday in March,
Il 1911, or until their successors shall have
been duly qualified and indicted into
office.
On the lst Monday in March, and an
nually thereafter on the said first Monday
IN March, an election for Directors shall
be held at the Office of the eaid corpora.
ton in the Town of Saint Joseph, under
the supervision of two commissioners to
be appointed by the President, and the
Directors 90 chosen shall Immediately
take their seats and hold the same until
| their successors shall have been elected
and qualified.
All corporate elections shall be h1(d BY
ballot, and majority of the stock pres.
ent or represented by proxy shall elect
and each share of stock shall be entitled
to one vote, either In person or by proxy
in writing, at any meeting Of the stock.
holders.
Il Notice of election shall be given te
each stock holder in writing by the Sec.
rotary, at least ten days before each cleo.
ton, which notice shall be sent by mail
/ Failure to elect Directors on the date
specified shall not in any manner invali.
date this charter, but the Directors in
Office shall continue to hold their seats
until their successors are elected and quail
flied. But another election may be held
at any time thereafter, after ten days
written notice to each stakeholder and
a publication for ten days prior to said
election in newspaper published in said
Town of st. Joseph, Louisiana.
Immediately after Board of Directors
is elected, the said Board, shall meet al
the Office of the said corporation, in Saint
Joseph, Louisiana, and from their mum.
Der elect President, Vice President,
Secretary and Treasurer.
ARTICLE VII.
Wherever this corporation is dissolved
sither by limitation Of its charter or fol
any ether cause, its affairs shall be liqui
dated by two stockholders Of said cor
noration, elected at Q general meeting o.
stock. holdefs convened for thst pulpoGe
s5tbf Thirty dayS notdco Hail hnyo ~