The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-10-12

OS~SASAS~S~S'SsS
held the first Monday in January,
1912, and thereafter the Stockholders
shall meet and elect Board of Direc-
tors on the first Monday in January of
each succeeding year, who shall serve
until their successors shall have been
elected and qualified. The Board Of
Directors shall elect from their mum.
ber their officers. No person shall be
eligible as a Director or hold any Office
Of this corporation who Is not stock
holder. During the absence Of the
President, the Vice-presidont shall act
and preside in his stead. Notice of
election of Board of Directors shall
be given in writing by mail. addressed
to each stockholder at his usual place
of business ten days prior to said
election. And the Board of Direc;nrs
shall appoint one of the stockholders
to preside at said election, and in the
event said stockholder shall fail to
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 this
corporation, and the Directors then in
Office shall continue to serve until their
successors are chosen. At every elec-
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 stockholder may be cast by proxy.
The election of Directors shall be by
ballot and the majority OF the amount
Of votes csst shall elect the person or
persons for whom they are cast. The
first Board Of Directors of this corpor.
alton shall be D. H. McCreary. E. r.
McCreary and W. A. McCreary, of
whom D. H. McCresry, 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.
RTICLE 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
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
as the affairs and business Of this cor
poration may require or as 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 OF
employees ss may be necessary to the
conduct Of its business.
ARTICLE VII.
This charter may be amended or the
capitol stock of this corporation IA.
creased or decreased or this CORPORA
tion may be dissolved at q genera
meeting Of the stockholders convened
for that purpose by the assent O
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 Parish, Louisiana, and writer
notice thereof mailed TO each stock
holder at his usual place Of business
Forty days prior TO said meeting. Il
the event of the termination of thi
corporation either by Limitation 0
otherwise, the balance Of the sam
shal, be liquidated by three commits
sioners elected from among the stock
holders at q meeting called for ths
purpose after due notice as herein Sc
!. forth. Said commissioners shall re
main in Office until the affairs OF thi
corporation shall have been full
liquidated.
ARTICLE VIII.
Il No stockholder of this CORP oratio
shall ever be held liable or responsible
} lfor the contracts or faults thereof !
, | in any further sum than the unpai
balance due said corporation Q
shares Of stock subscribed for an
owned BY the stockholder; nor shs
+ any lnformality in the organization
this corporation have the effece
{ rendering the charter null, or exposin
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