The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-03-19

I the cOfpOrate pO#efs OF Ills cor
e els by by 'A Board of Director s com
posed of three stockholders, and their
decisions and acts shall bind this COR
poration The first electionMof the
Board of Directors under thisseharter
shall be held at meeting of the
stockholders to be held at the office of
in January, 1915, and. thereafter the
stockholders shall elect board Of d.
rectors on the first Monday in jan
uary of each year, who shall serve
until their successors shall have been
elected and qualified; The Board Of
Directors, shall elect from among their
President, Vice President, Secretary
and Treasurer; the office of Secretary
and Treasurer shall be held by the
same stakeholder. No person shall be
eligible as director, or hold an office
in this corporation, who is not stock
and preside in his stead. Notice of the
election of the Board of Directors shall
be given in writing by mail, addressed
to each stakeholder at his usual place
Of business ten days prior to said cleo
ton, and the Board of Directors shall
side at said election; and in the event
that said stakeholder shall fail to at
tend, the President shall appoint q
stakeholder to fill his vacancy; any
failure, for any cause whatever, to elect
directors on the day named for that
purpose shall not dissolve this cor
pporation' put the directors then in Of;
continue to serve until their successors
are chosen, At every election and
meeting. of the stockholders, each
stakeholder shall be entitled to one
vote for each share of stock registered
| in his name, and the vote of the stock
election Of directors shall be by ballot
and the majority in the amount OF
votes cast, each share of stock being
counted as one vote, shall elect the per.
son or persons for whom they are cast
The first Board of this corporation
shall be composed of James O Magee, Arthur
Magee and Elmer Afford, of whom James o
Magee shall be president Elmer Afford, Vice
President and Arthur Magee, Secretary ant
Treasurer, who shall serve until their success
sors shall have been elected and qualified.
ARTICLE VI.
The Board of Directors shall have tn,
power to fill all vacancies in thei
number caused by death, resignation
or otherwise from among the stock
holders of this corporation. The sait
iboard shall have full power and con
troll of the property of this corporation
and shall conduct and manage the sam
consistent with the objects for whicl
this company is organized and in &C
cordance with the provisions set fort
in this charter. Said Board is furthe
authorized to adopt such laws. rule
and regulations as the affairs and bust
ness of this corporation may require
= md as may be necessary for the man
= agement of the business thereof, pro
vided the same shall not conflict wit
this charter. or the laws of the Stat
!, Of Louisiana, or of the United State:
. q The Board of Directors shall elect o
e appoint "Jch further agents, clerk!
II servants or other employees rs the
y may deem necessary for the conduct
II ing of the business affairs of this cor
nnration and to fix their comp"r
sation and term of service. with tn
right to dismiss them at pleasure.
ARTICLE VII.
IL The cherter may be changed. mod
,e fled or amended. or the capital stoc
of this corporation increased or dc
} creased, or the corporation NAV be dis
solved at general meeting of til