The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-03-19
and officers shall be held, at
which election each share OF
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stock holder shall be permitted
to vote either in person or by
proxy, more than twenty-five
shares of stock. But a failure
to hold such election or to elect
a new board of directors and OF
ficers at the time indicated here,
in shall not have the effect OF
rendering void any act or thing
done by the board of directors
herein named or by those elect
ed at the last preceding cleo
ton, but such directors and Of
iicers shall continue to exercise
their functions and duties unit!
their successors are elected and
qualified, The secretary Of this
corporation shall give ten days
previous written notice to each
stock holder of the time and
place of the holding Of said an
nual election, provided that the
president of this corporation
shall have power to call a meet
ing of the directors or stock hold
ers at any time for any other
purpose than that of electing Of
fcers and directors.
Article VII
This charter may be amended,
or the corporation may be dis
solved by a vote of two-thirds OF
the outstanding stock, at any
meeting called for that purpose
but at least thirty days notice by
publication in a weekly paper
published in the Parish Of Gallo
well, and thirty days written or
printed notice to each stock hold
err addressed to him at his last
known postoffice address appear
ing on the stockbooks of the cor
poration shall be given, and nc
amendment or dissolution of this
corporation shall be lawful with
out such notice, and a vote of at
least tWo-thirds of the outstand-
ing stock voted at such meeting
and each share of stock shall be
entitled to one vote, subject tC
the restriction and limitations
hereinabove set forth.
Article VIII
When this corporation is dis
solved, either by limitation or in
the manner provided in article
seven hereof, it's affairs shall be
liquidated by two liquidating
commissioners, to be elected by
the board of directors, who shall
be required to give bond in such
amount as the board of directors
may fix, for the faithful perfor-
nance of their duties.
Article TX
No stockholders shall ever be
liable for any debt of the corpor
alton or for any other of its OBJ
legations beyond the unpaid por-
ton of the stock subscribed by
him, and on defect or informali-
ty in this charter or act of in
corporation shall in any event
make the incorporators or stock
holders liable for any Of the
debts or obligations of this cor
poration except as hereinabove
provided, nor shall any act of
! commission of any director OF
officer of this corporation have
the effect of making any stock.
holder liable for any debt or OBJ.
legation of this corporation, be.
yond the unpaid portion of the
stock subscribed by him as here
inbefore stipulated and provid'
ed.
Article X
This corporation may begir
the conduct and operation of its
business under this charter as
soon as one thousand dollars O.
the capital stock shall have beer
subscribedand paid for, provid
ed that the capital stock of thi!
corporation may be increased by
a two-thirds vote Of the outstanC
ing stock present and voting, a
any election called for that pur
pose. And it is hereby made
| the duty of the president of thu
| board of directors to call a NEE
ing of the stockholders for thu
purpose of voting upon the que!
ton of increasing the capita
stock whenever a majority vots
of the board Of directors cast a
any regular meeting thereo:
shall be in favor Of calling
meeting of the stockholders foI
! that purpose,
In faith whereof. the said ap
bearers have hereunto signet
their names in my presence an(
in the presence of j. S. Cord.
and J. A. Warner, both of whom
are residents of the Parish O