The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-04-09

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to one vote, provided that no
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
ticers 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
ficers shall continue to exercise
their functions and duties until
their successors are elected and
qualified, The secretary of this
corporation shall give ten days
previous written notice to each
stock holder of the tine 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 eiecting Of
fcers and directors.
Article VII
This charter may be amended,
or the corporation may be dis
solved by vote of tWo-tnirds of
the outstanding stock, at any
meeting called for that purpose
but at least thirty days notice by
publication in weekly paper
published in the Parish Of Cald-
we'll, 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 no
amendment or dissolution of this
corporation shall be lawful with
out such notice, and vote of at
least tWo-thlrds of the outStand-
ing stock voted at such meeting
and each share OF stock shall be
entitled to one vote. subject to
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, its 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 incorporates 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 or
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 HIN as here
inbefore stipulated and provid-
ed.
Article X
This corporation may begin
the conduct and operation of its
business under this charter as
soon as one thousand dollars of
the capital stock shall have been
suhscribedand paid for, provid-
ed that the capital stock of this
corporation may be increased by
a two-thirds vote of the outstand
ing stock present and voting, at
any election called for that pur-
pose. And it is HEREBY made
the duty of the president of the
board of directors to call a meet
ing of the stockholders for the
purpose of voting upon the ques
ton of increasing the capital
stock whenever a majority vote
of the board of directors east at
any regular meeting thereof
: shall be in favor of calling a
meeting of the stockholders for
that purpose,
In faith whereof. the said APP
bearers have hereunto signed
? their names in my presence and