The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-09-14

prior 10 SalQ elecLlOn. ana tne DOaru
Of directors shall appoint one OF the
stockholders to preside at said cleo
ton, and in the event said stakeholder
shall fail to attend, thepresident 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 conFiaue
to serve until their successors are
chosen. At every election and meet
ing of the stockholders, each
stakeholder shall be entitled to one
vote FOR 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,
w. 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 anu Treasurer, who shall serve
until their successors shall have been
elected and qualified.
ARTICLE
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 further authorized to make
and adopt snch laws, rules and regu-
lations as the affairs and business of
this corporation 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 of the laws of the State OF
or the laws of the United
States. The Board of Directors shall
have the power to appoint such other
agents, managers or employees as
may be necessary to the proper con-
duct of its affairs
ARTICLE I.
This charter may be amended,
Or the capital stock of this corpora
lion increased or decreased, or
This corporation may be dis.
solved at a general meeting ct the
stockholders convened for that pur.
pose, by the assent OF three fourths of
The entire stock present or represent.
ID at said meeting, thirty days prior
notice Of such meeting being given in
weekly newspaper published in
Franklinton, Louisiana, or Washing
;on Parish, Louisiana, and q written
notice thereof mailed to each stock
holder ct his usual place of business
'orty days prior to said meeting. In
,ase Of the termination Of this corpor.
Ition, either by limitation or other
wise, the affairs Of the same shall
70 ltquidated by three commissioners
'elected from among the stockholders
It q meeting called for that purpose,
Tue notice Of which having given as
set forth. Said commits
Iioners shall remain In Office until the
Iffairs of this corporation snail have
'een fully liquidated.
ARTICLE 8
No stakeholder of this corporation !
hall ever be held liable or responsible !
or the contracts or faults thereof in !
ny further sum than the unpaid !
'alance due said cooperation on shares !
4 stock subscribed for and owned by |
he stakeholder; nor sh Il any infor-
nality in the organization Of this cor
'oration have the affect of rendering
he charter null or exposing the
tockholders to any further liability
han the unpaid balance due on his
took.
Each stakeholder designates herein,
opposite his name the stock subscribed
Or by him, and this charter shall
erve as the original subscription list.
Thus done and passed at my office
, the Town of Franklinton, Washing.
On, Louisiana, on the day, month and
ear first above written in the pres
nee of Prentis B. Carter and J. N.
[agee, competent witnesses, residing
| the Town of Franklinton, WASH
,gton Parish, Louisiana, who sign
hese present together with said
ppearers and me said notary after
ne reading.
D. E. SHERIDAN, us Shares }.
D. E. BRANCH, Go Shares)
J. L. BROCK, a shsres)
H. w. MAGEE, e Shares)