The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03


scrlDed for shall he under the contro
,o OF Inc board of Directors.
t: ARTlCLEV.
n, Inc corporate powers OF this cor
Id poration shall be vested in and exer
ciseo ny Board of Directors com
d, posed OF three stockholders and thei'
N acts snail bind this corporation. Tn,
nrst election of the Board Of Director,
,, unoer tn1s charter shall be at q meet
y ing OF tne stockholders to be held or
Q. sne nrst Monday Of July, 1913, and
d taeFealter the stockholders shall hold
]. On e'ectlon on the 1irstaMonday OF
6 Ivy OF each year, and elect Board
Q OF directors. who shall serve until
d tenlr successors have been elected ana
Q qualified. all officers % be elected
}, from among the board OF directors,
t ana no person shall be eligible as =
director who is not q stockholder Of
. tnlS corporation. During the absence
OF tne PRESIDENT, the Vice President
I sna!i act and preside in his stead,
Notice OF the election shall be given in
writing by mail, addressed to each
stockh0lder at his usual place OF
business, ten days prior to said elec.
ton and the Board of Directors shall
appoint one Of their number to pre-
side at said election, and on bis fail.
ure TO attend the President shall ap.
point stockholdert to fill the vacancy.
IN the event OF failure to elect Direc.
tors on the day appointed for that
purpose, then and In that event the
directors then In Office shall continue
to serve until their successors ara
CHOSEN, At all meetings of the stock.
holders each stakeholder shall be en-.
titled to one vote for each share Of !
STOCK registered in his name and the |
stocknolders may vote bv proxy given
IN writing. The election of the Di.
rectors may be by ballot and the ma
Jorlty in the amount of votes cast
shall elect such person or persons for
whom they are cast. The First Board
OF Directors of this corporation shall |
oe composed of W. O. Grain, Presi.
dent. B: O. Blckham, Vice President. II
n. &. Grain. Secretary and Treasurer. II
VINO shall serve until their successors
snail nave been elected and qualified.
ARTICLE vi.
The Board Of Directors shall have
power to I'LL vacancies in their number
from the stockholders OF this corpora-
ton. The said Board shall have
power and control of the property Of
this corporation and shall exercise all |
authority consistent with the objects
tor which this corporation is organ.
lied.
Said Board is authorized to adopt
SUCH ny laws. rules and regulations y
as may be expedlent for the condnct q
Of the business OF this corporation or
necessary for its management. pro.
vided same shall not conflict with this Il
Charter nor with the laws Of the State
D Louisiana, nor tho laws Of the)
United States, T,
ARTICLE VII.
This charter may be amended or tho
'apital stock of this corporation In. d.
reased or decreased or the corpora. r.
ion may be dissolved Ut . Qener1l H.
Meeting OF the stockholders convened ~
0r tnst purpose, with the assent Of Il
of the stock present or he
represented at SAID meeting, thirty Of
avs prior notice Of such meeting be-. vi
x given by publication In weekly r.
ewspaper published ct Franklinton' r.
g., and . written notice thereof mail. Ia
to each stakeholder ct hid man Al III
lace OF business forty days prior to AZ
lid meeting. In case of the dissoln. :,
on OF this corporation either BY linn. ~,
ation or otherwise, its affairs shall ta az
liqutdated by two commissioner ~ ~
ected from among the stockholders %
a meeting called for that purpose. hsr
:, ARTICLE VIII. An.
No stakeholder of this corporation tin.
ell ever be liable, or responsible for do,
contracts or failure thereof In anv emf,
rtner sum than the unpaid balance a. I
9 SAID corporation on shares Of ma,
'ck subscribed for and owned hv
stock holders; nor shall any in.
'msitty In the organization Of thi.
'poration have the effect Of render.
the charter null or exposing The
ckholders to any further liabilitv
q the unpaid balance due on his
och stakeholder desien.te, onpo. n,
MS name the stock subscribed for ~ =,
him and this charter shall serve 40 ant .
ritten subscription list. a. !,
bus doue ana passed .,t my oa,oe Psril
iackley, Washington Parish. State and
.o9lsisns, on the day, month ma sell Z
nrst e0ove written, In the pres. high,
OF J, Jordan and j. 81. Mitch. =
competent Witnesses, residing IN -
Parish Of Washington, who siened q IN
presents, together with said M t aous!
reading. ~ "o'sJ' aver the 4
". o. GRAIN. j.. "a shares. VT:
r.. G. GRAIN go. l SHARE. Fir,
b. o. BlCCHAM. Is shares Il an
lesees: ct the
!. JORDAN, No. s.
{. II. MITCHELL. runnil
W. E. Afford, 70 Old
Notary Public. l'T
'arish Of Washington: tn mil
d. A. Thigpen. Cierk ~ Conn., Of oaie
x-odfcio Recorder. herahv car+ifv thence
ne above and foregoing charter w.s.a
y recorded in mortoa ge hooi~ In fence
~ ~