The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-09-21


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 e'ec-
ton, and in the event said stakeholder
shall fail to attend, the president shall
appoint one of the stockholders pres
ent, to fill the vacancy. Any failure
for any cause to elect directors On the
day named for that purpose, shall not
dissolve this corporation, but the
directors then in office shall continue
to Serve until their successors are
chosen. At every election and meet
inc of the stockholders, each
stakeholder shall be entitled to one
vote Tor each share of stock registered
| in his name and the vote of the stock
holder may be cast by proxy. The
election of directors shall be by bal
lot, and the majority in amount OF
votes cast, each share OF stock being
counted as one vote, shall elect the
person or persons for whom they are
cast. The first Board of Directors OF
this corporation shall be Daniel e.
Sheridan, j, l.. Brock, D. E. Branch,
Lindsay McDougall, H. W. Magee,
lW. w. Darlington and w. G. Wood,
of whom Daniel Z. Sheridan shall be
President, D. E. Branch, Vice.presi-
dent, and Lindsay McDougall Secre-
tary and Treasurer, who shall serve
until their successors shall have been
elected and qualified.
ARTICLE 6.
The Board of Directors shall have
power to fill all vacancies in their
number caused by death or otherwise,
l from among the stockholders OF this
, corporation The Board shall have
! full power and control of the propert!
of this corporation and shall conduc
}, and manage the same consistent will
G the objects for which this corporation
!, is organized and in accordance will
q the provisions of this charter. Sal'
J, Board is further authorized to max
S and adopt snch laws, rules and regu
n lations as the affairs and business Q
y this corporation may require, or a
e may be necessary to the management
" of it's affairs, provided the same shal
q not conflict with the provisions OF thi
ID charter. or of the laws of the State {
IS Louisiana or the laws of the Unite
ct States. The Board of Directors sha
70 have the power to appoint such othe
is agents, managers or employees a
Of may be necessary to the proper COZ
duct of it's affairs.
ARTICLE I.
" This charter may be amended
N or the capital stock of this corpor'
" lion increased or decreased, {
rs this corporation may be di'
III solved at general meeting CT tt
is stockholders convened for that pu
;; pose, by the assent of three fourths
D tbs entire stock present or represen
OF ed at said meeting, thirty days pri
by notice of such meeting being given
I'm weekly newspaper published
Franklinton, Louisiana, or Washin
ton Parish, Louisiana, and writ,
notice thereof mailed to each stocl
oh holder at his usual place of busine
nd forty days prior to said meeting.
- case of the termination of this c0rpe
w alton, either by limitation or othe
wise, the affairs Of the same sh
rk be liquidated by three commissions
Of selected from among the steckholde
~ at a meeting called for that pnrpos
VI due notice Of which having given
TO hereinabove set forth. Said comm
ste sioners shall remain in Office until t
a affairs of this corporation snail la
mt been fully li4uidated.
ARTICLE s.
- No stakeholder OF this corporate
i' shall ever be held liable or responsit
ng for the contracts or faults thereof
tch, any further sum than the unps
ate balance due said cooperation on shar
wv Of stock subscribed for and owned
no the stockholdcr; nor sh II any info
&c, mality in sthe organization of this &C
lry poration have the affect of renderl
tho the charter null or exposing t
'A stockholders to any further liabill
or than the unpaid balance due on
stock.
Each stakeholder designates here
"a opposite his name the stock subsrib
=, for by him, and this charter 81
40 49, serve as the original subscription Ii
Ivy Thus done and passed at my off
OF in the Town of Franklinton, Washi1
,ck ton, Louisiana, on the day, month a
of wear first above written in the pre-
, = ence OF Prentis &. Carter and }.
Magee, competent witnesses, resldl
ess in the Town of Franklinton, Was
ex- inrton Parish, Louisiana, who 81
yed these present together with $:
appearers and me said notary at
~, W due reading.
Nv D. E. SHERIDAN, (lS Share
lnu D. E. BRANCH, GO Shares)
.l'S j. L. BROCK, a Shares)