The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-07-13

nine years, unless sooner dissoly,
BY law, or by consentof the stool
S. holders as hereinafter provided.
Under this name this corporate
shall have full authority to transa
al business necessary and proper fl
the proper conduct OF it's affairs or
carry into effect any of the power
privileges and immunities it is pei
mitted to hold and exercise undt
the laws of this State.
ARTICLE II,
The domicile of this corporatio
shall be at Clifton, Washington Paris
Louisiana, where all citations an
other legal process shall be serve'
in accordance with the statutes Of tn
State Of Louisiana, relative to nakin{
service on corporations.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature Of the business to be carried
on by 1t, are to be: To own, operate
and conduct general mercantile
business and to exercise all power and
authority necessary or incidental to
the proper operation and conduct of
said business.
ARTICLE ".
The capital stock Of ]t4ti 5ai corporation
shall be H;a Thousand ($5Ooo) Dollars,
dvif,sd into and represented ty Fifty |
(11res Of Stock at par value Of
One Hundred Dollars each; said stock
shall be paid for in cash at the time of |
subscription, or as the same is issued,
Tor not less than par, or in paymen: or |
exchange for property actually re-
ceived or purchased by this corpora
ton, or for services actually rendered.
This corporation may commence do
ing business and shall become a going
concern as soon as Three Thousand
Dollars Of its capital. stock has been
subscribed for, and paid in. The
Wmsining stock not subscribed for
shall be under the control of the
hoard Of directors.
$500. ARTICLE v.
The corporate powers Of this cor
porstion shall be vested in and ex-
ercised by board Of directors COM
posed Of three stockholders and
their acts shall bind this corporation.
The first election of the board of
directors under this Charter, shall
b % . meeting of the stockholders
- be held on the first Monday III !
February, 1912, and thereafter the '
stockholders shall hold an election
q the Arst Monday in February Of :
e1ch year, and elect board of di- =
rectors who shall serve until their =
sors have been elected and \
a1sli nsd, all officers to be elected from ;
l1nong the board Of directors, and no 5
person shall be eligible as = director, a
1ho = not : stakeholder Of this cor
pot1tjon. During the absence of the
plesident, the vice-president shall act
ND preside In his stead. Notice of
,)ecton shall be given in writing
= mail, addressed to each stock
,oldef s BIS usual place Of business,
81 days prior to said election and the
losrd 81 directors shall appoint one Of
lelf number to preside at said cleo J.
Ia, and on his failure to attend N
- President shall appoint stock-
0ee 70. Oh the vacancy. In the
v6at q failure to elect directors on
y <ay apponted 70 hat purpose, -
ken, and IN that event the directors "a
"a III ONCE shsll continue to serve
NJ their successors are chosen. At ~
Z meeangs Of the stockholders each II,
ockhclder shall be entitled to one thi
- Tor each share Of stock registered or OF,
lshis name, and stockholders may i; 10
- by proxey given In writing. The Jul
ion d th4 directors shall be by
~ Al - Il