The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-04-16

stock present or represented b!
written proxy, shall be entitled
to one vote, provided that M
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.
fcers 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 proceeding 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 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
called for that purpose
but at least thirty days notice by
publication in a weekly paper
published in the Parish of Cald-
we'll, and thirty days written or
printed notice to each stock hold
er 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 a vote of at
least two-thirds of the outstand-
ing stock voted at such meeting
and each share of stock shall be
to one vote, subject to
the restriction and limitations
hereinabove set forth.
Article VIII
When this corporation is dis
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
amoHnt as the board of directors
nay 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
igations beyond the unpaid por-
ion of the stock subscribed by
lim, and on defect or informali-
sy in this charter or act of in
corporation shall in any event
make the incorporators or stock
holders liable for any of the
1edts or obligations of this cor
ooration except as hereinabove
provided, nor shall any act of
commission of any director or
officer of this corporation have
he effect of making any stock
holder liable for any debt or OBJ
igation of this corporation, be-
yond the unpaid portion of the
stock subscribed by him as here
nbefore stipulated and provid-
I'd.
Article X
This corporation may begin
The conduct and operation of it's
business under this charter as
soon as one thousand dollars of
the capital stock shall have been
subscribedand paid for, provid-
ed that the capital stock of this
corporation may be increased by
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 cast at
any regular meeting thereof
shall be in favor of calling a
of the stockholders for
that purpose,
In faith whereof. the said ap-
bearers have hereunto signed
their names in my presence and