The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-11-02

eligible as a Director or hold any office
of this corporation who is not a stock
holder. During the absence OF the
President, the Vice-president shall act
and preside in his stead. Notice OF
election of a Board of Directors shall
be given in writing by mail. addressed
TO each stakeholder at his usual place
Of business ten days prior to SAID
election. And the Board OF Directors
shall appoint one of the stockholders
to preside at said election, and IN Vhe
event said stakeholder shall fall 10
attend, the President shall appoint one
Of the stockholders present to fill the
vacancy. Any failure for any cause
to elect Directors on the day named
for that purpose shall not dissolve TINS
corporation, and the Directors tl.ea IN
office shall continue to serve until Their
successors are chosen. At every cleo
ton and meeting of the stockholders
each stakeholder shall be entitled 10
one vote for each share OF STOCK
registered in his name and the vote OF
the stakeholder may be cast by proxy.
The election of Directors shall be by
ballot and the majority of the amount
OF votes cast shall elect the person or
persons for whom they are cast. Inc
first Board of Directors of this corpor-
alton shall be D. H. McCreary. +. n.
McCreary and W. A. McCreary, OF
whom D. H. McCreary, President, w.
A. McCreary, Vice-president, and E.
R. McCreary, Secretary and Treasurer
who shall serve until their successors
shall have been elected and qualified.
ARTICLE W..
The Board of Directors shall have
power to fill all vacancies in their
number caused by death or otherwise
from among the stockholders OF this
corporation The Board shall have
i. full power and control of the property
of this corporation and shall conduct
and manage the same consistent With
, the objects for which this corporation
is organized and in accordance Will
, the provisions of this charter. salt
, Board is authorized to make an<
r adopt such laws, rules and regulation
AZ the affairs and business of this cor
8 poration may require or as may b.
necessary to the management OF 1t
affairs, provided the same shall no
conflict with the provisions OF thl
n charter or the laws of this State. IN
8 Board of Directors shall have tn
r power to appnint such agents o
: employees as may be necessary to tn
:. conduct of its business.
f ARTICLE VII.
r This charter may be amended or tn
e capitel stock of this corporation II
e creased or decreased or this corpora
n ton may be dissolved at a geners
meeting of the stockholders convene
for that purpose by the assent
h three-fourths of the entire stock pres
e ent or represented at said meeting
n Thirty days prior notice of such NEE
ing being given in weekly newspapt
/, published in Franklinton, Washln!
II ton Parish, Louisiana, and a write
,, notice thereof mailed TO each stool
,r holder at his usual place of busine!
II Forty days prior to said meeting.
If the event of the termination OF tn
e corporation either by Limitation
IN otherwise. the balance of the san
n. shall be liquidated by three comm
\, sioners elected from among the stoc
III holders at a meeting called for tn
r purpose after due notice as herein S
70 forth. Said commissioners shall r
N main in office until the affairs OF tn
j. corporation shall have been full
so liquidated.
,r ARTICLE VIII.
IL No stockholder of this corporate
in shall ever be held liable or responsib
ns for the contracts or faults thereof
ct in any further sum than the unpa
ke balance due said corporation
ay shares of stock subscribed for al
of owned by the stakeholder; nor sha
to any lnformality in the organization
re this corporation have the effece
er rendering the charter null, or exposlI
the stockholders to any 1urth
liability than the unpaid balance d
=, on his stock.
~ Each stockho]der designates here
~ opposite his name the amount OF sto
~ subscribed for by him and this chart
w shall serve as the original subscripti'
NO list.
W Thus done and passed at my Office,
u