The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-04

eacn year, commencing III OetooN,
Previous notice of twenty days shall be
given of each election by publication m
a newspaper published in the Parish OF
Caldwell and by written notice to eaGh
stakeholder. Said election shall be
conducted by three stockholders, not
members of the Board OF Directors,
but to be appointed by said board, ana
at each election the persons RECEIVING
the maiarity of votes cast shall be de-
clared duly elected and shall at once
take their seats. At a stockholders
meeting each share of stock snail De
entitled to one vote to be cast by the
holder thereof, either in person or by
written proxey. In case of no election
on the date fixed, the President snali
cause an election to be held as soon DIS
NAV be thereafter, after two seVerai
notices in newspaper puplsh-
ed in the Parish Of Caldwell. louisiana
giving notice of and calling such meet,
ing for said purpose. A failure to hold
an election shall not forfeit this CHAR,
ter, but the directors in office shall noid
over and remain in office until tnelr
successors .have'been elected and taken
their places. No two partners shall De
eligible at the same time as members
of the Board of Directors.
ARTICLE X.
The Board of irDectors shall at the
first meeting after their election, elect
| from among the. stockholders a Presl-
dent and Vice President for SAID bank,
ing corporation. The said board shall
also elect Cashier and such other en-
ployees as they may deem necessary
and proper; they shall fix the compen-
sation of all officers, clerks and en-
ployees, and said banking corporation
Shall require bond and security as they
may deem proper; they shall make and
adopt bylaws, rules and regulations tor
the government of the corporation and
the management of it's. affairs, and
alter the same at pleasure, provided
! the same be not in conflict with the
laws of this Stete or this act of incor-
paration. ~.
The Board. of Directors shall have
power to fill any vacancies on. said
board caused by death, resignation, OF
otherwise, so long as there are seven
or more directors constituting the
board, five members of which shall con.
stitute quorum for the transaction OF
business.
. ARTICLE XII.
The shares of this banking corpora.
ton shall be personal property anc
shall be transferable only upon the
books of said corporation, in such man.
ner as the bylaws may direct, and nc
shareholder shall be liable for the debts
or contracts of said corporation for {
greater amount than the unpaid portion
of the original purchase price of his
stock.
-. ,,.| ART1CLEXII.
This corporation shall be liquidated a
the end Gifts term by three commits
sioners appointed by the Board of Di
| reeto:s at. a regular, meeting of sale
board; said. commissioners shall bt
stockholders of the corporation, ant
.their compensation shall be- fixed by
the board on the date. of their appoint
| ment: '
-. PARTICLE XIII.
The following named persons are de
clared to be the first board of directors
j. A. Warner, w. R. Broadway, DR. .
IA .Biggs, j N Valentine, J w Vincent
DR. 0 A Biggs, C E Slagle, j A Mere
'dith, and e S Pennington; DR. j A Bigg
az President, G E Slagle as Vice PreSi
ldent;S and N L Hover as Cashier O
said banking association. They shal
hold Office until the first Monday in DC
,tober, 1918, and until their successor
are elected and take their seats.
=. " ' ARTICLE XIV.
The names of the shareholders an
the; nimber of shares of stock Of thi
corporation held by each, respectfully
are as follows, to-wit:
1 T ] Biggs, two shares $40
.tDr J:A Biggs, two shares 20
J A Warner, five shares so
J N Warner, by J A Warner five
! shares -: so
DR. 0 A Biggs, one share 10
| wv Clarkson, by N L Hover,
| five shares SO
E E Tarver, by N L Hover, one
| share 10
I N L Hover, one share 10
c E slagle, by N L Hover, five
shares SO
Mrs Lilly F Blanks, by N L How
err, three shares 80
H W Blanks, by N L Hover, one
+, share 49,. 10
s;P Walker, by N L Hover, one.
r share =. 10
H 0 ,Cooksey, by N L. Hover,
! ope share -, -, 10
u Mccoy, by N L Hover, two :,
shares -. 70
Mrs M B James, by N L Hover,
two shares 49,, 20
J A Eubanks, by N L Hover, one :