The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-06-08

hall elect from among their hutnOor
heir officers. No person shall be
,lieible as u director, or shall hold any
,fice of this corporation who Is not
. stockholder. During the absence OF
the president, the vice-president shall
act ard preside in his steae. Notice OF
the election shall be given in writing
by mail, addressed to each stock
holder at his usual place of business
ten days prior to said election and the
board Of directors shall appoint one OF
their number to preside at said cleo
ton, and in the event that said stock
holder shall fail to attend said election:
the President shall appoint stock
holder to ill the vacancy. Any failure
for any cause whatever, to elect
directors on the day named for that
purpose shall not dissolve this cor
poration, but the directors and officers
then in Office shall continue to serve
until their successors are chosen. AT
each election of the stockholders for a
board of directors, each stockholder
shall be entitled to one vote for each
share of stock registered in his name,
and the vote of the stockholders may
be voted by proxey, given in writing.
The election for directors shall be by
ballot and the majority in the amount
of votes cast, shall elect the person or
persons for whom they were cast.
The first board of directors OF this
corporation shall be composed OF r.
L. Toney, President; W. E. Bickham'
Vice. President; and Jacob Toney
Secretary and Treasurer, who shall
serve until their successors shall nave
been elected and qualified.
ARTICLE vi.
The board of directors shall have
full power to fill all vacancies in thel'
number, caused by death, resignation
or otherwise, from the number 0
stockholders of this corporation. Tn
said board shall have full power an
control Of the property OF this cor
poration and shall conduct and man
noe the same consistent with tn
objects for which this company Is or
canized and in accordance with tn
, provisions set sorth in this charter
/ lsaid board is further authorized t
> | adopt such laws, rules and regulation
8 as the affairs and business OF this col
: poration may require and as may q
i necessary for the management OF tn
}. corporation, provided the same shs
not conflict with this charter, nj
with the laws Of the State of-Louisiar
nor the Laws OF the United States
America.
The board of directors shall appoi
such other agents, clerks, servants
employees as they may deem niece
: sary for the conducting Of the bu
ness affairs of this corporation and
Ak their compensation and term
service. with the right to dism
h them at pleasure.
le ARTICLE VII.
I'd This charter may be chang
r modified or amended. or the CAPT
m stock Of this corporation increased
r decreased, or the corporation may
=. dissolved at general meeting OF
=. stockholders convened for that p
40 nose with the assent Of three-fourt
nd Of me stock present or represented
or said meeting, thirty days prior moi
o. Of such meeting being given by p
e. LEGATION in . weekly newspaper p!
y lished at Franklinton, La, ant
%, written notice thereof mailed to e
70; stockholder at his usual place OF b
.ta ness forty days prior to said meeti
In case Of the dissolution or term;
= ton Of this corporation. either
to limitation as herein fixed or OIL
cir wise, the affairs OF this corporal
Inc shall be liquidated by two conn
sioners elected from among the stt