The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-05-10


may require, and generally
to exercise all the powers necessary to /,
carry on its said business.
ARTICLE II.
The domicile of this corporation shall
be at Mansford, In the Parish Of Madi-
son, State of Louisiana, and all citation
and other legal process shall be served |
on the President, and in case Of his alb
sence or disability, on the Vice-Presl-
dent, or on the Secretary Treasurer.
ARTICLE III.
The objects and purposes for which
this corporation is organized, ana the
nature Of the business to be carried on
by it are hereby declared to be: 10
buy, sell, lease, mortgage. exchange OF
otherwise ALLEVIATE or acquire, and gen.
orally to deal in real estate. improved
or unimproved, in this parish or else
where. for its own account or the &C
count of others, as principal or agent,
on commission or otherwise; to improve
the same, and generally to carry on a
real estate business in this Parlsn anu
elsewhere, and to do any and all things
connected with or appertaining 70 me
said business, including conducting OIL
the plantation business and general
mercantile business in connection there-
with.
ARTICLE Nv.
The capital stock of this corporation
is hereby fixed at the sum Oh lnree
Hundred and Seventy-five Inousano
Dollars, divided into Thirty -seven Hun
bred and Fifty shares, at the par value
of One Hundred Dollars each, winch
shares shall be paid in cash, or 10 prop
erty received, or in labor done. at suc1
time or in such manner as the Boarq~of
Directors shall determine. fhH corpo-
ration shall have the right to commence
business when all of the capital stock
shalI have been subscribed for. All
the transfers Of stocks shall be made on
the books of the Company, on the sur
render of the outstanding certificate,
and pursuant to such rules as the Board
of directors may prescribe. Said cap
,tal stock may be increased in accord
ance with the laws of this State.
! ARTICLE v.
The Officers of said Company shall be
a President, Vice-tresident, and a
Secretary Treasurer, and they snail
constitute the directors and be elected
to the Office at the same time that the
Directors are elected.
The affairs of this Corporation shall
he managed by a Board Of Directors
consisting of three stockholders, ano
the said Board shall hold office for
term of five years from the date OF thelI
sIaction. The first Board of Directors
of this Corpoi alton shall be w. n
Ward. w, N. Smith and Neal L. Holt,
Ind the future elections shall be heie
on the first Monday in April, 1918.
All future elections shall be by ballot
under the superintendent OF two com
! missioners appointed by the Board, ant
each share of stock shall be entitled Il
: one vote. whether cast in person by thu
registered owner, or by his proxy or MI
representative. g..
the term ending with the hrst 'Aionoa!
: in April, 1918, shall be:
w. H. WARD, President.
/ W. N. SMITH, Vice-Presldent.
NEAL T. HOLT, Secretsry-Treas
An future officers shall be elected b,
.he Board of Directors at their mrs
meeting.
l shall continue in Office until their sue
cessors are duly elected and qualified
and the Corporation shall not be dis
: solved or affected by failure to hold In
regular meeting thsreat, but IN case Q
: such failure, said meeting and electio
shaIl be held as soon thereafter as pos
II sible. Any vacancies on the Board {
r Directors, caused by reslgnatlor
death or otherwise, shall be hlled D
IS the remaining members Of the Board.
FL ARTICLE vi.
At the termination Of this charter b
n limitation or otherwise, the bushes
and affairs shall be liquidated by tW
> commissioners, to be appointed fro
among the stockholders at a meetln
of the stockholders convened for tn
Is purpose. after ten DAYS notice in wrltir
shail have been given by the Secretar!
lie Treasurer TO each stockholder in pers(
&c or mail. said commissioners to be cleo
VI ed by a majority vote OF the shares
j. the capital stock present or represent'
ut such meetings and voted IN perst
ts or proxy. Said commissioners snS
remain in Office until the affairs OF Il
!. Corporation are fully liquidated, al
II, in case of death, resignation or lnap
= ity to act of either, his place shall
filed by the stockholders in like mai
~ ner. and after like notice as above pr
~ vided until which time the surviv
shall continue TO act.
% ARTICLE VII.
De This charter may be changed, aitt
ed or amended, or the corporation m
he dissolved or ordered liquidated by
~ vote of three-fourths OF the capi
stock. present or represented at
the maeting of the stockholders CONVEX
1t for such purpose after ten Gays not
the in writing shall have been given by
of Secretary Treasurer to all the stoe
rder holders in person or by mail.
Al ARTICLE VIII.
u No stockholder shall ever be h
liable for the contracts or faults OF I
II CORPORATION in any further sum than
unpaid balance, due the corporation
the shares owned by him, nor shall
informslity in organization have
effect of rendering this Charter null
of exposing any stakeholder to any
bility beyond the amount OF his imp
lay stock.
'i3, All of said stock having been 81
OF scribed for at this date as appears
lie, the amount set opposite each name
led. the appearers this corporation is
ate clared to be a going concern from
the date of this Act.
ler- Tins done and passed in my office
red the 9th day of month and year