The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-05-17

to exercise all the powers necessary to
carry On its said business.
ARTICLE II.
The domicile of this corporation shall
be at Mansiord, In tile Parish of MadI-
son, State of Louisiana, and all citation
and other legal process shall be served
OH the President, and in case OF his aO-
sence or disability, on the Vice-Presi-
dent, or on the Secretary Treasurer.
ARTICLE Ill.
The objects a-d purposes for which
this corporation is organized, and the
mature of the business To be carried OH
by it are hereby declared To be: 10
buy, sell, lease, mortgage, exchange OF
otherwise ALLEVIATE OF acquire, ana gen
orally to deal M real estate, improved
or umimproved, in this parish or else
where, for its own account or the ac-
count of others, as principal or agent,
on commission or otherwise; 10 improve
the same, and generally TO carry On
real estate business i'll tnls Pallsn anu
elsewhere, and to do any ana all thinS'
connected with or apperlalnihg - me
| said business, including conducting CT
the pIautatiun business ana general
mercantile business i'll connecIiCn there
with.
ARTICLE ".
The capital stock of this corporation
| is hereby fixed at the sum OF lhree
| Hundred and Seventy-flye Thousand
| Dollars, divided INTO Thirty-seven Hun
bred and Fifty shares, AT the par Vaiue
of One Hundred Dollars eacn, which
shares shall De paid in cash, or III prop
erty received. ur ia labor done, at sucn
time or in such manner as the Board oil
directors shall determine. Tins cOrpo-
ration snail have the right TO commence
business when all OF the capital stock
shall have been subscribed for. All
the transfers OF stocks shall be made On
Line books OF the Company, on the sur
rende, Of the outstanding certificate,
and uursuant to such rules as the Board
OF Directors may prescribe. SAID cap
Ital stock may he increased in accoIu-
auce with the laws OF this STATE
' ARTICLE V.
The Officers of said Company shall be
a President. Vice rreSiuenI, and a
SECRETARY Treasurer, and they shall
constitute the directors and be elected
IN the Office at the same time that The
Directors are elected.
The affairs Of tnis Corporation snail
be managed by a Board OF Directors
consisting of three stockholders, ana
the said Board shall hold Office Tor d
tenn of five wears from the date oil thelr
election. The first Board OF Directors
of this CorpulatIon shall be W. Ii
Ward, W. n. Smith and Neal /. Holt,
ana the future elections shall be held
OH the first Monday in april, 1918.
All future elections snail be by Callot
under the superinI"ndence OF two COM
missioners appointed bv the Board, and
each share oI stock shall be entitled t.
ole vote, whether cast in person by the
registered owner, or 10y his proxy or MS
representative. =.
The ofncers lor this Corporation fol
the term ending with the HIST Monday
in April, 1918, shall be:
W. Ii. WARD, President.
". n. SMITH, Vice President.
NEAL Il. Holt, Secret3ry Treas
All future officers ehall be elected by
the Board Of Directors III their hio
meeting.
And the said Directors and Officer:
shall continue in office until their sue
cessors are duly elected and qualified
and the Corporation shall not be dis
81 lived or affected by failIIe to Fold th'
regular meeting thereat, but IN case D
such failure, said meeting and election
shall be held as soun thereafter as pos
siblc. Any vacancies on the Board o
Directors, caused Dy resignation
death or otherwise, shall be nlied b.
the remaining members OF the Board.
ARTICLE VI.
At the termination vi this charter b,
limitation or otherwise, the CUISINES
\ and affairs shall be liquidaIed ny wv
} commissioners, TO be appointed froI
among the stockholders at IL meeting
OF the stockholders convened for lha
{ purpose. after ten uavs notice IN wiltln
Shall have been giveL by the Secretary
Treasurer To eacn stockholder in pei So
or mail, said commissioners TO Oe elect
ed by a majority vote OF the shares
, the capital stock present OF represente
AT such meetings and voted III perso
or proxy. Said commissioners silit
. remain IN Office until the affairs OF til
Corporation are fully liquidaIed, an
! IN case Of death, resignation or lnaDl
ity 10 act OF either, his place shall |
filled by the stockholders in like man
, ner, and after like notice as above pre-
: yided until which tim, the survive
|. shall continue 10 act.
ARTICLE VII.
This charter may be changed, altel
ed or amended, OF the corporation ma
4 be dissolved or ordered liquidated by
vote OF three-iourths OF the capt.
stock, present or represented at
r meeting of the stockholders convene
for sucn purpose after ten days MOTIF
in writing snail have been given 10y Il
II Secretary Treasurer to all the stocl
holders in person or by mail.
ARTICLE VIII.
No stakeholder shall ever be he
liable for the contracts or faults of tn
corporation in any further sum than u
unpaid balance, due the corporation
the shares owned by him, nor shall al
informality in organization have q
effect Of rendering this Charter null
of exposing any stakeholder to any III
bility beyond the amount Of his unpa
stock.
y All of said stock having been su
5, scribed for at this date as appears
d the amount set opposite each name
{, the appearers this corporation Is d
i, clared to be going concern from
:" date of this Act.
lie Tn rs done and passed in my office
= the 9th day of month and year hi
"a above written in the presence ofGeor
re Spencer and E. &. Montgomery, col
1, petent witnesses, who herennto 81