Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-03-25

II
use corporate seal, to hold, receive,
purchase, convey, and lease under Its
corporate name, property both real and
personal, to borrow money, to incur la
bility, and to represent the same by iseu-
ing promissory notes, and to secure pay
ment thereof by mortgaging, efecting,
and hypothscating all or any part OF lite
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 its convenience
or interest may require; to make and e.
tablish such bylaws for the proper man.
aeement and regulation of the affairs Of
said corporation as may be necessary and
proper, and generally to do such other
things as ars lawful for corporations To
do under the constitution or Jaws now
existing. or which may hereafter be en-
acted.
ARTICLE III.
The domicile of this corporation shall
be in the Town of st. joseph, Parish oil
Tensas, and State of Louisiana.
ARTICLE ".
The capital stock of this corporation il
hereby fixed at the sum of FlFTEEN
THOUSAND DOLLARS, ISIS, O00. OO),
divided into one hundred and Fifty shares
of One Hundred Dollars each, and this cor.
poration shall commence business rs sooI
as eighty shaFps 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 stakeholder himself, or by the
agent IN fact Of said stock holder, duly
authorized thereto in writing.
ARTICLE V.
The officers of this corportion shall be
President, Vice President, a Secretary,
and a 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 OH 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 act 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 he Stockholders in
said corporation, a majority OF whom
shall constitute quorum for the trsne-
action OF all business. They shall elect
from their number President, q Vice
President, and Secretary and Treasurer,
who shall hold Office for one year, or I'M
til their successors are elected; they shall
fill all vacancies which may occur in said
Board of Direet0Fs 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 sGr-
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. III. Whitney, E. L. Gulley, N.
B. Hunter, F. J.. Guthrie and H. NJ.
Marks, with X, II, Whitney as Presi-
dent; n. b, Hunter az Vice Presi-
dent, and Y. L, Gulley as Secretary and
Treasurer Of said corporation, and Board
of Directors and said officers shall hold
their offices until lst Monday In March,
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 said corpora-
ton in the Town of Saint Joseph, Under
the supervision of two commissioners 10
be appointed by the President, and the
Directors so chosen shsif Immediately
take their seats and hold the sasps until
their successors shall have been elected
and qualified.
All corporate elections shaIl be held BY
ballot, and majority Of ms 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,
Notice OF election shall be given to
each STOCKHOLDERS in writing BY the Sec
rotary, at least ten days before each cleo
ton, which notice shall be sent 81 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 Qual-
flied. But another election may be held
at any time thereafter, after ten days
written notice to each stakeholder and
d. publication for ten days prior to eaid
election in a newspaper published In said
Town OF st, Joseph, Louisiana.
Immediately aftsP Board of Directors
i elected, the said Board shall meet at |
The office OF the said corporation, in Saint |
Joseph, Louisiana, and from their num- |
DER elect President, Vice President,
and Treasurer.
ARTICLE VII.
Whenever this corporation is dissolved, |
ither by limitation OF it's charter or for |
my other cause, its affairs shall be liqui-
lated by two stockholders OF said cor
'oration, elected at general meeting Of
tock.holders. convened Tor thai pnspooe,
ftes thirty jsy1 noeice mall kavn 49,