The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-03-13

Nnisht' Mrs. Leah, Sheridan, La. 81
r'ricke, ST.. A., Frcke, La
Transfers of stock of this corpora
lion shall be made only upon me Doors
If the corporation by the stotkhoiueis
n person or by written proxy uhutT
5lch regulations as the hoa'o " ~
cctors may prescribe
ARTICLE ~.
All the corporate powers or TINS cor
,yration shall be vested IN boara
Of Directors composed OF - st1cknoi;a-
ers, three fourths Of whom stlaii pe cIt-
liens of this State. The Board 81 bileet
ors may appoint from it's members sucn
committees as it may deem necessary
md vest such committees with any OF
it's powers to be exercised "heh tne
loard is not in session and subject 10
my regulations that the board may see
roper to impose. The Board or Dtre.s
.ors shall prescribe how many or us
nembers shall constitute quorum OF
said board or any Of the committees
hereof and it shall make such oy
laws for its gOVernment not neon
,istent with the law or the PROVISIONS
hereof The Board of Directors shan
nave authority to fill all vacancies eA
sting in their own number, or IN any
other office, from any cause " WI, a,,,.,
md the person so elected snail serve
for the unexpected term of SAID board
Until the first election OF dlrec-
tors, to be held under the PROVISIONS
Of this Charter on the second Mohuas
Of July, 1913, the following Snall con.
kstitute the first Board Of Directors:
l ;obert Darlington, D. E. Branch, }. s.
! ~, l. Jones, T.. l.. Magee, II. Il. Magee'
r. J. Simmons, NJ A. Thigpen, ): r
Wood, Franklinton, La; W; =; b'ck-
] nam, Hackley, La; W. +. bulloch, -
Hy. Cockern Fricke, La; ). Z; Green
i night SnSrlUdIl.
La; Caz Talley, Rio, La. ana n: O.
Magee shall be Pres ident and J: 3.
! srock IT.. First Vice presidents; F: NJ
/ ,,r0wn. Second Vice President, and >.
I Burris, Third Vice-Presldent: ,o,.
On the second MONDAY m aulS ,,oc nrT
Far seventeen directors. possessing the
| Qualifications required by law, shall De
! ield at the banking house after ten
! laws previous notice shall have been
| .iven to the stockholders addressed 70
| heir last-known place Of residence. re-
he majority Of the votes cast AZ SUCH
| lection shall be duly elected, and sinai!
! emain in office until their successors
/ hall have been elected and qualfleo;
All elections shall be by ballot ano
shall be held under the SUPERVISOR t o,
/ hree commissioners to pc appo, naG t bs
! he Board Of Directors from among lhe
/ stockholders
The failure from any cause to elect
| directors on the date stipulated snall
| not dissolve this corporation. and me
officers and directors then IN Office
hall hold office until their sncc c1;fseG
n the event of failure to hold an cleo
] ion on the date stipulated the Presl-
| lent shall call an election to be held
is soon as possible thereafter, after
giving the notice hereinabove provided
/ Tor. o..
The Board Of Directors at the first
Meeting after it's election shall select
rom among it's members President
l md one or more Vice Presidents who
hall hold office during the term of
aid board. and it shall appoint "a
Employees as it shall see, fit; and II
I nay dismiss the said Cashier and such
tther officers and employees at pleas
are.
The Board of Directors shall have
power and authority to- define tn
:ix their compensation and require
rom them bonds for the faithful per-
,ormance of their duties and fix the
,enalty thereof. At all meetings Of the
stockholders for the election Of direc-
ors. Or, for any other purpose eacn
;tockholder shall be entitled, directly
= by written proxy to one vote fo'
ach share of stock held by him, pro
ided that the person or persons Of
ering to vote, own his or their shar.
# stock registered on the books OF
his corporation in his or their names
espectively, for thirty days prior to
he day Of said voting.
ARTICLE v.
The capital stock of this corporation
| nay be increased or decreased, or this
,harter or any article thereof may be
Modified amended. changed or altered
kHNy1 NSvsH. ia oF thn q
took at general meeting. Of the
stockholders OF this corporation held
sftcr thirty days notice by publica-
ION and by mail as provided by Law.
ARTICLE VI.
This corporation may be dissolved b!
!! vote of three-fourtns of the stock
present or represented and voting. AZ
Il general meeting OF the stockholders
/ convened by order of the Board Of d.
ectors on its own motion or the writ
zen request Of the majority Of thu
stockholders after notices published
paper in the Parish of Washington
tate Of Louisiana, and written notice:
| ;'ly addressed and mailed or delivered
| 0 every stakeholder at his last-kn0wl
address thirty days previous to sait
meeting.
lion by the action Of the stockholders
I IS aforesaid, its affairs shall be liqui
| lated by three commissioners appoint
| by the majority Of the stock pres
ut or represented, and voting at such
General meeting, and the said com
customers shall be solvent persons II
:owise indebted to the Bank or credi
ors thereof The time. the manner O.
liquidation. the compensation and pow
RS of the commissioners and all othe
| natter pertaining to the liquidation Of
he affairs Of this corporation shall b.
liked and determined as the matorit.
# the stock present. or represented
md voting at such general meeting
may decide.
Il Whenever this corporation may be
'issolved by Limitation it's affairs shall
be liqudated by three commissioners
| possessing the same qualifications a:
nereinbefore provided, appointed by !;
majority Of the stock present, or rep
resented, and voting at a general meet
ing of the stockholders convened b,
< Board Of Directors in the manner
;ereintefOre provided, and such COM
,issioners shall have such powers a:
nay be conferred upon them.
ARTICLE VII.
! No stakeholder SHALL ever be hel(
faults Of this corporation in any fur
her sum than the unpaid balance du,
IN the shares Of stock owned by him
| }or shall any informality in the or
I 30 Nization of this corporation have tn.
effect Of rendering this Charter nuY
), the exposing Of a stakeholder to an!
liability further than the amount O,
The unpaid balance on his stock.
ARTICLE VIII.
This corporation may commence bust
| ness when One-half Of it's subscribed
capital has been paid up in lawful
money of tho United States OF Americ.
md all formalities Of law shall hav,
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