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

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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
to preside at said cleo
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 hot
dissolve this corporation, but the
directors then in office shall continue
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 +.
Sheridan, j, L. Brock, D. E. Branch,
Lindsay McDougall, H. W. Magee,
W. w. Darlington and W. Q. Wood,
of whom Daniel E. 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
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
Louisiana 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.
ton increased or decreased, OF
this corporation may be dis
solved at a general meeting Of the
stockholders convened for that pur'
pose, by the assent of three fourths Of
the entire stock present or represent
ed at said meeting, thirty days priol
notice Of such meeting being given II
weekly newspaper published If
Franklinton, Louisiana, or Washing
ton Parish, Louisiana, and Q writer
notice thereof mailed to each stock
holder at his usual place Of business
forty days prior to said meeting. II
, case of the termination of this corpor
alton, either by limitation Or other
wise, the affairs Of the same shall
be liquidated by three commissioner
selected from among the stakeholder
at a meeting called for that purpose
due notice Of which having given Al
hereinabove set forth. Said commits
sioners shall remain in Office until tn,
Alters of this corporation snail hav,
been fully liquidated.
ARTICLE s
No stakeholder Of this corporation
shall ever be held liable or responsible,
for the contracts or faults thereof il
any further sum than the unpais
balance due said cooperation on shares
, of stock subscribed for and owned BY
the stakeholder; nor .shall any infor
, mality in the organization of this cor
porati0n have the affect Of rendering
, the charter null or exposing tn
stockholders to any further iabilit!
than the unpaid balance due on BIZ
stock.
Each stakeholder designates herein
opposite his name the stock subscribed
for by him, and this charter shall
, serve as the original subscription list
Thus done and passed at my ofilc'
in the Town of Franklinton, Washing
ton, Louisiana, on the day, month AM
wear first above written in the pres
ence OF Prentis B. Carter and j. N
Magee, competent witnesses, residing
in the Town of Franklinton, Wash
. ington Parish, Louisiana, who sig1
! these present together with sail
p appearers and me said notary ate
due reading.
, d. E. SHERIDAN, Us Shares
n n M Nrr1 I'm 2haroa\