The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-02-27

Johnson D. r. Franklintor, La. !
Johnson \. j., Franklinton, La. ;
Knight, George c., Pine, La. y
Knight, J. W., Pine. La............
knight, NJ. T., Sheridan, La. ......
Knight, Mrs. Leah, Sheridan, La.
Fricke, ST.. A., Fricke, La. ...,.... II
Transfers Of stock of this corpora
ton Shall be made only upon the books
of the corporation by the stockholders
In person or by written proxy under
such regulations as the Board OF d.
rectOrs may prescribe.
ARTICLE ".
All the corporate powers or TINS cor
poration shall be vested in Board
of Directors composed OF II stockhoid-
ers, three fonrths Of whom shal! De CIT
liens of this State. The Board OF Direct
ors may appoint from its members such
committees as it may deem necessary
and vest such committees with any OF
its powers to be exercised when the
board is not in session and subject to
any regulations that the board may see
proper to impose The Board Of Direc-
tors shall prescribe how many of Its
members shall constitute quorum OF
said board or any of the committees
thereof, and it shall make such by
laws for its government not 1ncon-
sistent with the law or the provisions
thereof The Board Of Directors shall
nave dutAoIllS W LII ali ca
lsting in their own number. or In any
other office, from any cause whatever.
and the person so elected shall serve
for the unexpected term Of said board.
Until the first election Of direc-
tors, to be held under the provisions
Of this Charter on the second Monday
Of July, 1913; the following shall con:
Robert Darlington. d. +. Branch, J. s.
Brock, Jr. F. NJ Brown, S. H. Burris
". J. Jones. r.. l.. Magee, H. B. Magee
r. J. Simmons, NJ. A. Thigpen. J: p
Wood, Franklinton, La; w: =: Bick-
I ham, Hackley, La; w. p. BullOch. J.
iona, La; George c. Knight, sheridan
La; Caz Talley, Rio, La. and H. Is.
Magee shall be President and J: 5.
Brock .]r, First Vice Presidents; F. NJ
Brown, Second Vice President, and S.
II. Burris, Third Vice-President.
and annually thereafter, the election
+ For seventeen directors, possessing the
qualifications required by law. shall be
| neld at the banking house after ten
days previous notice shall have been
given to the stockholders addressed to
| heir last-kn0wn place of residence, re-
| spectively: and the persons receiving
he majority Of the votes cast at such
lection shall be duly elected, and shall
emain in office until their successors
,hall have been elected and qualified
All elections shall be by ballot and
shall be held under the supervision OF
hree commissioners to be appointed by
stockholders.
The failure from any cause to elect
directors on the date stipulated shall
not dissolve this corporation, and the
officers and directors then in office
shall hold office until their successors
~ - tt>1
In the event of failure to hold an cleo
ton on the date stipulated the Presi-
# dent shall call an election to be held
rs soon as possible thereafter, after
giving the notice hereinabOve provided
for.
The Board of Directors at the first
meeting after its election shall select
rom among it's members President
md one or more Vice-Presidents, who
hall hold office during the term of
said board, and it shall appoint a
cashier and such other officers and
Employees as it shall see fit and it
nay dismiss the said Cashier and such
,ther officers and employees at pleas
ure.
The Board of Directors shall have
oower and authority to define the
luties Of all officers and employees,
i fix their compensation and require
'ormance Of their duties and fix the
penalty thereof At all meetings Of the
stockholders for the election Of direc-
tors or tor any other purpose each
stakeholder shall be entitled, directly
W by written proxy. to one vote for
ach share Of stock held by him. pro-
'ering to vote, own his or their share
#. stock registered on the books of
his corporation in his or their names.
respectively, for thirty days prior to
The day of said voting.
ARTICLE v.
| The capital stock OF this corporatiOn
nay be increased or decreased, or this
Charter. Or any article thereof may be
# modified, amended, changed or altered
by two-thirds vote Of the capital
stock at a general meeting of the
stockholders Of this corporation held
'fter thirty days notice by publica-
lion and by mail as provided by law.
ARTICLE vi.
This corporation may be dissolved by
vote of three-fourths Of the stock
present or represented and voting at
4 general meeting of the stockholders
convened by order of the Board Of Dr.
rectors on its own motion or the writ
stockholders after notices published
once week for thirty days in a news
oaper in the Parish of Washington
tate Of Louisiana, and written notices
Ny addressed and mailed or delivered
o every stakeholder at his last-known
address thirty days previous to said
meeting.
Upon the dissolution Of this corpora
lion by the action Of the stockholders
IS aforesaid its affairs shall be lfuui.
lated by three commissioners appoint
d by the majority Of the stock pres
Mt, or represented, and voting at such
General meeting, and the said COM
aissioners shall be solvent persons in
loWise indebted to the Bank or credi-
.ors thereof The time. the manner Of
liquidation. the compensation and pow.
RS Of the commissioners and all other
matter pertaining to the liquida ton Of
he affairs Of this corporation shall be
fixed and determined as the majority
VI the stock present. or represented
and voting at such general meeting
may decide.
Whenever this corporation may be
dissolved By limitation it's affairs shall
,e liuudated by three commissioners
sing the same qualifications a.
majority Of the stock present, or rep
resented, and voting at a general meet
ing Of the stockholders convened BY
nc Board Of Directors in the manner
erein5ef0re provided. and such com.
nissioners stall have such powers as
nay be conferred upon them.
ARTICLE VII.
No stockhrlder shall ever be held
liable for the contracts. faults or de-
faults of this corporation in any fur
her sun than the unpaid balance due !
On the shares Of stock owned by him; !
.;,r shall any informality In the or
- MIA ton of this corporation have the
effect of rendering this Charter null
y the exposing Of a stockh older to any