The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-09-27

Previous notice or twenty DAYS small De
given of each election by publication in
a newspaper published in the Parish OF
Caldwell and by written notice to each
stockholder. Said election shall be
conducted by three stockholders, not
members of the Board of Directors,
but to be appointed by said board, and
at each election the persons receiving
the majarity Of votes cast shall be de-
clared duly elected and shall at once
take their seats. At stockholders
meeting each share of stock shall be
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 shall
cause an election to be held as soon as
may be thereafter, after two several
notices in newspaper publish
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 hold
over and remain in office until their
successors have been elected and taken
their places. No two partners shall be
eligible at the same time as members
of the Board of Directors.
ARTICLEX.
The Board of irDectors shall at the
first meeting after their election, elect
from among the stockholders a Presi-
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 for
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-
poration.
The Board of Directors shall have
power to fill any vacancies on said
board caused by death, resignation, or
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 and
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 a
greater amount than the unpaid portion
Of the original purchase price of his
stock.
ART1CLEXII.
This corporation shall be liquidated al
the end Of it's term by three commits.
sioners appointed by the Board Of Di.
recto.s at a regular meeting of sale
board; said commissioners shall be
stockholders of the corporation, anc
their compensation shall be fixed by
the board on the date of their appoint.
ment.
ARTICLE XIII.
The following named persons are de.
clared to be the first board of directors
j A. Warner, W. R. Broadway, DR.
A Biggs, ] N Valentine, j w Vincent
DR. 0 A Biggs, c E Slagle, j A Mere
dith, and E S Pennington; DR. j A Bigg.
as President, c E Slagle as Vice Presi
dent, and N L Hover as Cashier O.
said banking association. They shall
hold Office until the first Monday in DC
tober, 1913, and until their successor.
are elected and take their seats.
ARTICLE XIV.
The names of the shareholders ant
the number of shares of stock of thi.
corporation held by each, respectfully
are as follows, to-wit:
T ] Biggs, two shares 500
DR. ] A Biggs, two shares 20
] A Warner, five shares 5Ol
] N Warner, by J A Warner five
shares sol
DR. o A Biggs, one share lO|
] W Clarkson, by N L Hover,
five shares SO,
E E Tarver, by N L Hover, one
share 10,
N L Hover, one share 10,
C E Slagle, by N L Hover, FIVE
shares 5O(
Mrs Lilly F Blanks, by N L How
er, three shares 30,
H W Blanks, by N L Hover, one
share 1O
S P Walker, by MI Hover, one
share lO
H 0 Cooksey, by N L Hover.
one share 1O
J B Mccoy, by N L Hover, two
Mrs M B James, by N L Hover,
two shares 20
A Eubsnks, by N L Hover, one
share 1O
Jno D McSween, by N L Hover,
two shares 20
Mrs Katie Davis, by N L Hover,
one share - To-
r r Redditt, by N l. Hover, one
share 1O
Dan Vanzile, by N L Hover, two
shares 2O
J W James, by N L Hover, one
share IO
H H Tarver, by N L Hover, one
share 10,
c c Roark, by o A Biggs, one