The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-17

stockholders may vote BY proxy given
in writing. The election OF the ID.
rectors may be by ballot and the mac
iority in the amount OF votes cast
shall elect such person or persons tor
whom they are cast. The First Board
of Directors of this corporation shall
be composed of w. O. Grain, Presi.
dent. B. o. Blckham, Vice President.
H. c. Grain. Secretary and Treasurer,
who shall serve until their successors
shall have been elected and qualified.
ARTICLE vi.
The Board OF Directors shall have
power to fill vacancies in their number
from the stockholders of this corpora
ton. The said Board shall hsye
power and control Of the property Of
this corporation and shall exercise oil
authority consistent with the objects
for which this corporation Is organ.
lied.
Said Board is authorized to adopt
such by laws. rules and regulations
as may be expedlent for the conduct
of the business of this corporation or
necessary for its management, pro.
yided same shall not conflict with this
Charter nor with the laws Of the State
of tLouisiana, nor the laws OF the
United States,
ARTICLE VII.
This charter may be amended or the
capital stock of this corporation In.
creased or decreased or the corpora
ton may be dissolved at . general
meeting Of the stockholders convened
for that purpose, with the assent Of
three-fourths of the stock present or
represented at said meeting, thirty
days prior notice Of such meeting b.
ing given by publication in . weekly
newspaper published ct Frsuklinton,
La, and . written notice thereof mail.
ed to each stockholder ct his usual
olace of business forty days prior to
said meeting. In case Of the dtss0lu'
ton of this corporation either by lin.
itation or otherwise, its affairs shall
be liquidsted by two commissioners
elected from among the stockholders
at q meeting called lOr tnat purpose.
ARTICLE VIII.
No stockholder Of this corporation
shall ever bolisble, or responsible for
the contracts or failure thereof 10 any
further sum than the unpsid balance
due said corporation on shares Of
stock subscribed for and owned by
the stock holders; nor shall any In
formality in the organization Of this
corporation have the effect Ut render
ing the charter null or exposing the
stockholders to any further liability
than the unpaid balance due on hts
stock.
Each stakeholder designstes oppo.
site his name the stock subscribed for
by him and this charter shall serve g
written subscription list.
Thus doue and passed a,tmy Office
in Hackley, Washington Parish, State
Of Louisians, on the day, month and
year first above written, In the pres.
enee of J, Jordan and J.. II. Mitch.
ell, competent witnesses, residing In
the Parish Of Washington, who signed
these presents, together with said ap,
pearers and me, said notary, after
due reading.
w. o. GRAIN. .. !. "a shares
II. G. GRAIN. ..... ! share.
r. O. B1CcHAM. /. rs shares.
Witnesses:
j. JORDAN,
J. H. MITCHELL.
w. E. Afford,
Notary Public.
State OF Louisiana,
Parish OF Washington:
/, M. A. Th;gpen, Clerk Of Court
and ex-oficio Recorder, hereby certify
that the above and foregoing charter
is duly recorded in mortgage book 10,
page 473 ct seq, OF the oldcisl records
of Washington Parish, L..
Witness my odicisl signature and
seal Of said court on this 9th dsy Of
September. 1912.
<SesD NJ. A. THnPEN,
Clerk and Ex.odicio Recorder.