The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1910-09-02

edient for the business OF 'hlS 0ol
,OratiOn.
ARTICLE ".
The capital stock of this corpora
ion is hereby fixed at the sum VI
twenty Thousa and $50, 0o0.Oo) Dollars
divided into and represented by Two
(2OO) Shares OF the par Vai'
ne of One Hundred (slW.Oo) DollafS
each.
Subscriptions to stock shall be pay.
able upon such terms as the Board OF
Directors shall determine, but STOCK
fully paid and non-assessaple, may NC
issued for cash, or in payment lor
property received by or labor done or
performed for this corporation. NO
transfer of stock shall be binding up
on the corporation, unless entered up
on its books.
This corporation shall be ana IS
hereby authorized to commence ouS''
ness as a gong concern and to eXer-
else and enjoy all of the privileges OF
a corporation, as soon as Seventy N'o)
Shares of its capital stock shall nave
been subscribed for. The remaining
norton of the stock not subscribed
for upon the organization of this cor
noration, may be placed upon the
market in such blocks, at such tlmes
and upon such terms OF payment as
the Board of Directors.may determine
but in placing said stock upon the
market, the Board of Directors shal
first offer to such stockholder, at Tut
time of placing said stock upon tn
market, the privilege of purchasing
e the same proportion OF such block o
. new stock as the stock then owned b
| him. bears to the total number Q
O shares issued. All certificates c
k stock shall be signed by the Presider
:, and countersigned by the Secretary.
e ARTICLE V.
u All the corporate powers or III
% corporation, shall be vested in an
"a exercised by a Board of Director
n composed of Five (5) stockholder
IN who shall be elected annually, on u
S. First Day of July, of each year, b
o. ginning in the year 1910; a MAORI
Oh of said board shall constitute quo
IS nm for the transaction of any and
10 business.
On At all elections each stockhold
eF shall be entitled to one vote for ca
~ share of stock held by him, and n
ny iority of votes cast shall elect. Stot
W. holders may vote either in person
d" bv written proxy. A failure to Ell
aS directors at regular annual meetl
Jus shall not dissolve the corporate
i'e hut the directors then in Office,
continue to act until their success
are elected and qualified, and in t
is event another meeting or meetll
lv shall be called until an election is
fected.
.ess Notice of the time of holding
or such special election, shall be 81
esi- bv the Secretary to each stockton
pom such notice to be sent by mail,
DAYS before such meeting, and Dir
of ed to each stakeholder at his
lied known address.
any Immediately upon being elected,
ton directors shall elect from among
por. own number. a President and
President. They shall also elet
Secretary.Treasmer and a Ger
Manager, neither of whom need b
this rectOrs of the corporation. The
the meeting of the stockholders for
are election of the Board of Dlrec
1ase, shall take place on the First Da
lulre July. 1910, and annually there;
eyes, Until said date, the following n
a, or parties shall constitute the Boar
Ma Directors of this corporation:
as W. Collier, G.. W. Hooks, W
l and Turner, J. II. Putnam, Jr.. and '
Teresa Gordon.
"oih' Until the first meeting OF the
'ne holders on the First Day OF July
larry, the following named parties shall
anu stitute the officers of this corpor
to.wit:
'ahceS Geo. W. Collier, President; G
al III Hooks, Vice President; W. Il. L
ineiS' Secretary Treasurer; aud &.
isionS Hooks, General Manager.
80 -, They shall exercise the fur
49, and duties ordinarily exercis
y ont corresponding or like officers il
work, corporations and such others a
,dvav be required of them from time t
.,,o;.. bv the Board of Directors.