The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-10-05

w eacA StocknOlder at MS usual place
OF business ten days prior to said
election. And the Board of Direc; ors
shall appoint one Of the stockholders
to preside at said election, and in the
event said stockholder shall fail to
attend, the Presidentshall 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 this
corporation, and the Directors then in
office shall continue to serve until their
successors are chosen. At every cleo
ton and meeting of the stockholders
each stockholder shall be entitled to
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 caet shall elect the person or
persons for whom they are cast. The
first Board of Directors Of this corpor.
alton shall be D. H. McCresry. E. R.
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 aud qualified.
ARTICLE vi.
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
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 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
poration may require or as may be
necessary to the management Of its
sffairs, 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
as may be necessary to the |
conduct Of Ifts 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 q 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.
ton Perish, 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 linltation or
otherwise, the balance Of the same
shall be liquidated by three commits
sioners elected from among the stock
holders at meeting called for that
purpose after due notice as herein Set
forth. Said commissioners shall re-
main in Office until the affairs Of this
corporation shall have been fully
ARTICLE VIII.
No stockholder Of this corp orstion
shall ever be held liable or responsible
Tor the contracts or faults thereof in !
il any further sum than the unpaid
balance due said corporation on
shares OF stock subscribed for and
owned by the stockholder; nor shall
my lnformslity in the organization Of
;6is corporation have the effece Of
rendering the charter null, or exposing |
ly1ss,- saackholders to any further |
1S6i1itJ than the unpaid balance due
IN his stock.
Each stakeholder designates herein
opposite his name the amount Of stock
for by him and this charter I
Ihallserye ss the original subscription
list.
Thus done and passed at my Office, in
he town oi Franklinton, Washington
'arish, Louisiana. on this lsrd day
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