The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-10-26

Or ana preside in his stead. Notice
a election Of Board of Directors sha
r be given in writing by mail. addresse
i. to each stockholder at his usual plat
of business ten days prior to sal
election. And the Board of Direc ~
Il shall appoint one Of the stookholde,
R to preside at said election, and in tn
Il event said stockholder shall fail +
d attend, the President shall appoint on
9 of the stockholders present to fill tn
n vacancy. Any failure for any caus
4 to elect Directors on the day name'
for that purpose shall not dissolve thi
i corporation, and the Directors then Il
q omce shall continue to serve until thei
. successors are chosen. At every cleo
ton and meeting Of the stockholder
each stockholder shall be entitled t,
one vote for each share of stool
i. registered in bis name and the vote O
tho stockholder may be cast by proxy
The election of Directors shall be b,
ballot and the majority Of the amount
OF votes cast shall elect the person o,
persons for whom they are cast. The
first Board Of Directors Of this corpor.
alton shall be D. H. McCreary. E. R.
MoCreary and W. A. McCreary, Of
whom D. H. McCresry, President, W.
A. McCresry, vice.president, and E.
r. McCreary, Secretary and Treasurer,
who shall serve until their successor,
shal have been elected and qualified.
ARTICLE vi.
The Board Of Directors shall have
power to I'LL all vacancies in their
number caused by death or otherwise
from among the stockholders Of this
corporation The Board shall have
fall power and control Of the property
OF this corporation and shall conduct
and manage the same consistent with
the objects for which this corporation
10 organized and in accordance with
the provisions Of this charter. Said
Board Is authorized to make and
adopt such laws, rules and regulations
- the affairs and business Of this cor.
poradon may require or Is may be
necessary to the management Of its
affairs, provided the same shall not
conflict with the provisions of this
charter or the laws Of this State, The
Board of Directors shall have the |
power to appnint such agents or |
employees as may be necessary to the |
conduct Of ito business.
ARTICLE VII.
This charter may be amended or the |
capitol stock of this corporation in
creased or decreased or this corpora-
lion may be dissolved at 9 general
meeting of the stockholders convened
Tor that purpose by the assent Of
three 'fourths Of the entire stock pres
ent or represented at said meeting.
Thirty days prior notice of such meet
ing being given in . weekly newspaper
published in Franklinton, Washing.
lon Parish, Louisiana, and written
notice thereof mailed 20 each stock
holder at his usual place of business
Forty days prior to said meeting. In
The event Of the termination of this |
corporation either by Limitation or
otherwise, the balance of the same
'hali be liquidated by three commits
'ioners elected from among the stock
lolders at meeting called tor that
purpose after due notice as herein Set
orth. Said commissioners shall re-
main in Office until the affairs of this
orporstion shall have been fully
iquidated.
ARTICLE VIII.
No stockholder Of this corporation
hall ever be held liable or responsible
or the contracts or faults thereof inI
q any further sum than the unpaid
'alsnce due said corporation on
hares Of stock subscribed for and
wned by the stockholder; nor shall
ny lnformslity in the organization Of
his corporation have the effece Of
the charter null, or exposing
ne stockholders to any further
ability than the unpaid balance due
o his stock. ,s -:
Each stakeholder desiynstes herein
pposite his name the amount Of stock
absorbed for BY him and this charter
Dsll serve 8 the'originsl subscription
ct. -
I'M a.. = ggsse II !