The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-06-05

market value for period of thirty
days, notice of which shall be the re.
ceipt card of a registered letter with
copy of such notice attached sent
through the United States mail tC
each of the directors of this corpora
ition, or by written receipt of such
notice signed by each of the members
OF the board of directors, and then no
transfer shall be made except upon
the books of this corporation. This
corporation may commence business
and become going concern as soon
as seven thousand five hundred dol
lars of its capital stock shall have been
subscribed for and paid in. The board
of directors shall have the right to
determine how much of the capital
stock shall be issued after the first
seven thousand five hundred dollars
thereof shall have been issued.
ARTICLEV.
The corporate powers of this c0rpOr-
alton shall be vested in and exercised
by board of directors consisting of
three stockholders thereof, and their
decisions and acts shall bind this COR
poration. The first election of board
of directors under this charter shall
be at a meeting of the stockholders to
be held on the first Monday in June,
1914, and annually on that day,
who shall serve until their. sue
cessors shall have been elected and
qualified. The board of directors
shall elect their officers from among
their number. Notice of the general
meeting of the stockholders shall be
given by mail to the usual place of
residence of each stakeholder ten days
previous threto. The failure to elect
officers or directors shall not dis.
solve this corporation but the officers
and directors tn en- serving shall hold
their Office until their successors shall
have been elected and qualified. At
all general meetings of the STOCKHOLM
ers of this corpor alton each share Of
stock shall be counted as one vote
and the holder of stock registered up
on the books of this corporation shall
be allowed to vote such stock either in
person or by written proxy. The first
board of directors nnder this charter
shall be composed of j. W. Green,
G. G.. Arnett. and E.. A. Hammer, of
whomJ. w. Green shall be president,
c. G. Arnett vice-president and E. A.
Hammer secretary. Treasurer, who
shall serve until their successors shall
have been elected and qualified.
ARTICLE vi.
The board of directors shall have
power to fill all vacancies in their
number caused by resignation, death
or otherwise. The board of directors
shall have full control and manage
ment of all the property and the af-
fairs of this corporation, and for that
purpose they may appoint such agents
and do and preform all such acts as
may be necessary to conduct the bust
ness of this corporation, and to make
such rules, laws ETC.. as are not
in conflict with this charter or the
laws Of the State of Louisiana or OF
the United States.
ARTICLEVlI.
This charter may be changed, modi-
fed, amended or the capitol stock in.
creased or decreased, or the same
may be dissolved at a general stock
holders meeting, notice of which shall
lave been given as provided by law.
All such notices as shall be given
by publication shall be given in
q weekly newspaper published at
FranklintOn, Washington Parish
Louisiana. Incase of the dissolution
of this corporation the same shall be
liQuidated by two liquidators or COM
mlssioners elected for that purpose al
general meeting of the board of
directors, notice of which shall be
given as provided by law. They shall
continue in office until the affairs
shall be fully liquidated and settled
ARTICLE VIII.
No stakeholder Of this corporation
/ shall ever be held liable or response
BILE for the contracts or faults Thereof
, in any further sum than the imp ali
] balance due said corporation fol
stock subscribed, nor shall any in
formality in the organization of this
charter expose any stockholder to an!
. stakeholder to any further liabilit.
: than the unpaid balance due on his
!, stock.
Each stakeholder appearing hereil
desiynates opposite his name tn
p stock subscribed for by him, ant
= makes the same the original subscrip
: ton list.
+ Thus done aud signed at my notaria
: Office in the town of Franklinton
D Washington Parish, Louisiana, OF
/ this 18th day of May, 1918, in tn
: presence Of 9. A. Murphy and Fran