The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-03-06

johnson. \. j., Franklinton, La.
Knight, George c., Pine, La....... .
Knight, j. W., Piue La..........
Knight, NJ. r., Sheridan, La. ..,....
Knight, Mrs Leah, Sheridan, La. i.
.'rlckr, ST., A., Fricke, La. ....... II
Transfers of stock Of this corpora
tion Shall De made only upon the books
If the corporation by the stockholders
n person or by written proxy under
ii. h regulations as the Board Of D1-
TcctorS may prescribe.
ARTICLE ".
All the corporate powers or THIS cor
pOration shall be vested in Board
of Directors composed of II StockhOl ID
ers, three fourths Of whom shal! De CIV
liens of this state The Board OF Direct
OrS may appoint from its members sucn
committees as it may deem necessary
and vest such committees with any OF
its powers to be exercised Wntn the
BOARD is not in session and SupJect TO
any regulations that the board may see
proper 10 impose. The Board or D!rec-
ccrs shall prescribe how many of Its
members shall constitute quorum OF
said board or any Of the committees
.n.reu1, and it snail make such by
laws for It's GOVernment not neon
iistent with the law or the provisions
nave authority to fill all vacancies en-
sting in their own number, or IN any
other office, from any cause Whatever
md the person so elected shaii serve
Tor the unexpected term OF sald board
Until the first election OF dlrec-
-ors, to be held under the provisions
If this Charter on the second Monday
,ti1ute the first Board Of Directors:
Colbert Darlington, d. +. Branch }. >.
Brock, Jr., F. NJ. Brown, $: II: Rurris,
". J. Homes. f. l.. Magee, II. i. Magee,
!. J. simmons, NJ. \. Thigpen, }: r.
Wood, Frankiinton. La; W: r: Rick-
lam, Hackley, La: W. ?. Bu!loch' D..
-ly. Cockcrn, Fricke. La; j, G; Green
Coma La; George {. Knight, shefldali'
La. Caz Talley, Rio, La. and H. 3.
Nagee shall BE- President and J; 5.
Brock, Jr., First Vice-Presidents; F: N
brown, Second Vice president, and 5.
l. Burris, Third Vicc-President.
On the second Monday in July, 1918
md annually thereafter, the election
or seventeen directors, possessing the
qualifications required by law, shali DC
leld at the banking house after ten
lays previous notice shall have been
given to the stockholders addressed to
heir ast-knoWn place Of residence, re-
ipectively: and the persons receiving
he majority Of the votes cast at such
lection shall be duly elected, and SHAH
.cmain in office until their successors
shall have been elected and quaiffied;
All elections shall be by ballot ana
shall be held under the supervision OF
,hree commissioners to be appointed Dy
he Board Of Directors from among the
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
shall have been elected and qualified.
N the event of failure to hold an cleo
ion on the date stipulated the Presi-
lent Shall call an election to be held
IS 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 its members President
md one or more 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
ure.
The Board of Directors shall have
,ower and authority to define the
luties Of all officers and employees,
tx their compensation and require
rom them bonds for the faithful per-
ormance of their duties and fix the
penalty thereof At all meetings Of the
stockholders for the election Of direc-
ors or for any other purpose each
tockhoIder shall be entitled, directly
by written proxy. to one vote for
ach share Of stock held by him. pro-
'ided that the person or persons Of
cring to vote, own his or their share
his corporation in his or their names.
cspectively, 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
by a tWo-thirds vote Of the capital
took at a general meeting of the
took holders of this corporation held
tter thirty days notice by publfca-
ion and by mail as provided by law.
ARTICLE VI.
This corporation may be dissolved by
vote Of three-fourths of the stock
resent or represented and voting at
convened by order of the Board Of Di-
'ertors on its own motion or the writ
On request Of the majority Of the
stockholders after notices published
nee a week for thirty days in a news
,aper in the Parish of washington
tate Of louisiana and written notices
,.y addressed and mailed or delivered
tddress thirty days previous to said
meeting
Upon the dissolution of this. corpora
ION by the action of the stockholders
8 aforesaid, it's affairs shall be liqui-
4ted by three commissioners appoint
! by the majority of the stock pres
~. or represented, and voting at such
81 nd hn cn{I
,ssioners shall be solvent persons In
.ow;se indebted to the Bank or credi-
ors thereof The time. the manner of
iduidatiOn, the compensation and pow
rs of the commissioners and all other
natter pertaining to the liquidation of
| ne affairs of this corporation shall be
liked and determined as the majority
md voting at such general meeting
nay decide.
Whenever this corporation may be
'issolved by limitation it's affairs shall
,a liqudated by three commissioners
possessing the same qualifications as
lertinbefore provided, appointed by a
majority Of the stock present or rep
resented, and voting at a general meet
n. Of the stockholders convened b.
e Board Of Directors in the manner
ereinhefore provided. and such COM
yissioners shall have such powers as
nay be conferred npon them
ARTICLE VII.
No stakeholder shall ever be held
liable for the contracts, faults or de-
aults of this corporation in any fur
her sum than the unpaid balance due
N the shares Of stock owned by him;
lor shall any informality in the or
rnrizat;on of this corporation have the
effect of rendering this Charter nrl!
e. me exposing Of a stakeholder to any
liability firth'" than the amount of
he unpaid balance on his stock.
ARTICLE VIII