The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1910-08-12
ARTICLE ".

ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum G
Twenty Thousand 1920, 0OO.OO Dollars
divided into and represented by Tw
Hundred (200) Shares of the par val
ue OF One Hundred (SlO0.00) Dollar
each.
Subscriptions to stock shall be pay
able upon such terms as the Board 0
Directors shall determine, but stock
fully paid and worcestershire, may bt
issued for cash, or in payment fol
property received by or labor done OF
performed for this corporation. No
transfer of stock shall be binding up.
on the corporation, unless entered up
on it's books.
This corporation shall be and is
hereby authorized to commence bust
ness as a gong concern and to eXer
else and enjoy all of the privileges of
a corporation, as soon as Seventy (7O)
Shares of its capital stock shall have
been subscribed for. The remaining
portion OF the stock not subscribed
Tor upon the organization of this cor
poration, may be placed upon the
market in such blocks, at such times
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 shall
lrst offer to such stockholder, at the
lime OF placing said stock upon the
Market the privilege of purchasing
ne same proportion of such block of
lew stock as the stock then owned bv
'm' pears to the total number of
mares issued. All certificates Of {
JOCK snail be signed by the President {
nj countersigned by the Secretary. {
ARTICLE V.
All the corporate powers of This
orporatlon, shall be vested in and
ierclsed by a Board of Directors
of Five (5) stockholders
40 snail be elected annually. on the s.
lrSt Day of July, of each year, be. tt
hhlnS IN the wear 1915; a majority il
said board shall constitute ouor- b
Il 10" the transaction of any and all Sc
siness. fl
At all elections each stockbolder tn
all be entitled to one vote for each nj
are OF stock held by him, and q ma. to
,lly OF votes cast shall elect. Stock ba
loers may vote either in person or su
written proxy. A failure to elect
ec'ors at a regular annual meetino lie
I'll not dissolve the corporation an
) the directors then in office, will WI
ltlnue to act until their s,1ccessors err
elected and qualified, and in that ers
NJ another meeting or MEETINGS bel
ii be called until an election is Of. Isl
ed
otlce OF the time of holding apy
special election, shall be given
ne Secretary to each stockbolder
notlce to be sent by mail, ten Wi
before such meeting, and direct.
each stakeholder at his last Sc
Tn address, Not
'mediately upon being elected, the ST.
'tors shall elect from among their Cou
number, President and Vice B.
'oent. They shall also elect tary
etary-Ireasurer and a General and
w., n'''ier o1 whom need be d. quail
rs OF the corporation. The first and
ng OF the stockholders for the Turr
on OF the Board of Directors. nan,
Take place on the First Dav Of me-
l7lo' and annually thereafter. name
SAID date, the following named witpe
40 '''"i' CONSTITUTE the Board of scrib
o,1: ' " sn's corporation: Geo. for Il
olller, e. W. Hooks, W. r tai ST
~ j. II. Putnam, Jr.. and W, D. Ljmi,
sigma
Il ene hrst meeting of the stock. being
s on the First Day of July 1910 (SlOO.
lowing named parties shall con.
the officers of this corporation. Goo
w ro,,;o W. H
Vice President; W. H. Turner q W ~
ary-lreasurer; and G.. w II
General Manager. -
shall exercise the functions Co., ~
'tles ordinarily exercised bv sta.o y
'ondlng or like officers in other w D.;
atlons and such others as NAV ter+ ~;
lred OF them from time to time M.r
Witr
ARTICLE VI.
ac' OF incorporation may be
and amended, or this corpora. No'afV
v be dissolved by the assem- - (SEAL)
lrthS Of tho c&oal orr nv,